Karooooo’s Strong Momentum in Number of Subscribers Carried Through for the 2022 Financial Year
12 Aprile 2022 - 3:41PM
Business Wire
Fourth Quarter and full year 2022 Financial
Results to be reported on April 27, 2022
Karooooo Ltd. (“Karooooo”) (NASDAQ: KARO), which owns 100% of
Cartrack Holdings (“Cartrack”), is a leading global provider of an
on-the-ground operational IOT SaaS cloud that maximizes the value
of transportation, operations and workflow data by providing
insightful real-time data analytics to over 1,525,000 connected
vehicles and equipment.
Strong momentum in the number of subscribers carried through
for the 2022 financial year (“2022”), ended February 28,
2022.
The growing demand by small to large enterprises wanting to
digitally transform their business to remain competitive prevailed
throughout 2022. Despite persistent changing and challenging
operating conditions, Karooooo’s operational resilience, coupled
with its profitable and robust business model drove new customer
additions, delivering continuous growth in the total number of
subscribers (connected vehicles and equipment on our platform).
- 1,525,972 subscribers in total for 2022, up 17%
(2021: 1,306,000)
- 219,972 net subscriber additions for 2022, up 23%
(2021: 179,485)
“It is encouraging that in our first year as a NASDAQ listed
company, our subscriber growth for 2022 was in line with our growth
outlook. I am pleased with Karooooo’s resilience and execution
despite the persistent operating headwinds resulting from the
Covid-19 pandemic during the period,” commented Karooooo founder
CEO, Zak Calisto.
Karooooo to report Fourth Quarter and Full Year 2022
Financial Results on April 27, 2022
Karooooo will report financial results for the fourth quarter
and full year ended February 28, 2022 on Wednesday, April 27, 2022
after 04:00 p.m. Eastern Time. Karooooo will host a corresponding
Zoom webinar on Thursday, April 28, 2022 at 08:00 a.m.
Eastern Time (02:00 p.m. South African time; 08:00 p.m. Singaporean
time). Investors are invited to join the Zoom webinar at:
https://us02web.zoom.us/j/89427800885
Webinar ID: 894 2780 0885
Telephone:
- US (New York) Toll-free: +1 646 558 8656
- South Africa Toll-free: +27 87 551 7702
Replay available at www.karooooo.com approximately three hours
after the live event.
About Karooooo
Karooooo, headquartered in Singapore, is a leading global
provider of an on-the-ground operational IOT SaaS cloud that
maximizes the value of transportation, operations and workflow data
by providing insightful real-time data analytics to over 1,525,000
connected vehicles and equipment. For more information, visit
www.karooooo.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220406005594/en/
Investor Relations Phillipe Welthagen IR@karooooo.com +27
84 512 5393 Media media@karooooo.com
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