MiX Telematics Limited (NYSE:MIXT) Q2 2024 Earnings Call Transcript

Alex Sklar: All right. Great. And then maybe one last one for me, just commentary, it seems like really another strong quarter of Vision AI to cross-sell. You called out accelerating demand. Is this at all tied to any particular geos? Is it across the customer base? And then if you can just update us, like how early are we in terms of adoption of this solution?

Stefan Joselowitz: Yeah. It’s pretty broad-based. So we are certainly seeing demand for our Vision AI solutions across the globe. And that’s pleasing. There’s no doubt we have a significant customer base that – that enables us to up-sell and we’re certainly actively involved in those efforts within that base, while at the same time, working to acquire new customers. I would say in terms of where it is in the product life cycle, it’s still pretty early. So our exposure to our having camera solutions within our existing customer base is still a very — relatively a small percentage of that base, which gives us a pretty long runway of opportunity for several years to come as we’re currently seeing things.

Alex Sklar: All right. Thank you all for the color.

Stefan Joselowitz: Appreciate it, Alex. Thank you.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Stefan Jose for any closing remarks.

Stefan Joselowitz: Thank you, Dave. I appreciate your assistance. I would like to take this opportunity to thank everyone for listening to today’s presentation. As a reminder, we are holding our joint Investor Day in New York next week. We have many exciting things to share regarding the business combination between MiX Telematics and Powerfleet, and I look forward to seeing you there. Thank you, and have a great day.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.