MiX posted earnings this morning, but cancelled its conference call because apparently the call vendor had a technical issue.  This is not a big deal since MiX earnings calls tend to be sparsely attended by analysts, and the prepared remarks will be posted to MiX's website later today.  I find it a little ironic that an investor conference call, which is audio only and has been going on for years suddenly has a problem when conference calls and video chats have expanded to take over the whole economy.

Here are some highlights that caught my eye in the earnings release:

• "We experienced modest signs of improvement within some customer verticals and fleet segments due to increases in usage activity..."
• "We are confident... a return to meaningful subscription revenue growth once economic conditions normalize.”

In short, there are early signs of recovery in the subscription revenue that was badly impacted by the pandemic, and there is no reason to expect long term growth will be impacted.  Which is basically what I've been saying the last couple months, and the reason MIXT is one of the few stocks I've been buying in this overvalued market.

On the numbers, revenue and subscriptions were down approximately 15% year over year, with about half of that decrease due to fewer subscriptions, and half due to a strong dollar reducing the value of foreign currency revenues.  The company remains profitable despite the downturn and is maintaining its dividend.  

So, nothing dramatic in earnings, but positive signs.  The company remains one of the best values I am following in an overvalued market.