SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2022
Commission File Number: 001-40300
(Exact name of registrant as specified in its charter)
1 Harbourfront Avenue
Keppel Bay Tower #14-07
+65 6255 4151
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|By:||/s/ Isaias (Zak) Jose Calisto|
|Name:||Isaias (Zak) Jose Calisto|
|Title:||Chief Executive Officer|
Date: April 12, 2022
SINGAPORE, April 12, 2022 — Karooooo Ltd. (“Karooooo”, or the “Company”) (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 Limited to report Fourth Quarter and Full Year 2022 Financial Results on April 27, 2022 Eastern Time
Karooooo will report financial results for the fourth quarter and full year ended February 28, 2022 on Wednesday, April 27, 2022 shortly after 04:00 p.m. Eastern Time. The Company 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 at: https://us02web.zoom.us/j/89427800885
Webinar ID: 894 2780 0885
|●||US (New York) Toll-free: +1 646 558 8656|
|●||South Africa Toll-free: +27 87551 7702|
A replay will be available at www.karooooo.com approximately three hours after the conclusion of the live event.
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. Karooooo assists thousands of enterprise customers in digitally transforming their on-the-ground operations. The Cartrack (wholly owned by Karooooo) SaaS platform provides customers with differentiated insights and data analytics to optimize their business operations and workforce, increase efficiency, decrease costs, improve safety, monitor environmental impact, assist with regulatory compliance and manage risk. For more information, visit www.karooooo.com.
|Investor Relations Contact||IR@karooooo.com|