Powerfleet Reports Third Quarter 2025 Financial Results
- Q3 revenue rises to $106 million, an increase of 45% year-over-year, with service revenuerepresenting 77% of total revenue Adjusted EBITDA climbs to $22 million, an increase of 77%, driving an annual run ratesurpassing $85 million— doubling 2024 adjusted EBITDA FY25 full year guidance increased $10 million for revenue and $2.5 million for adjustedEBITDA Meaningful increase in adjusted gross margin performance, with total adjusted grossmargins now above 60%, and adjusted service gross margins approaching 70% Post-M&A integration ahead of schedule, priming for double digit growth trajectory in FY26 WOODCLIFF LAKE, N.J. , Feb. 10, 2025 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) reported its financial results for the third quarter ended December 31, 2024.
- 02/10/2025
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Powerfleet Sets Third Quarter Fiscal 2025 Conference Call for Monday, February 10, 2025, at 8:30 a.m. ET
- WOODCLIFF LAKE, N.J. , Jan. 24, 2025 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that it will hold a conference call on Monday, February 10, 2025, at 8:30 a.m.
- 01/24/2025
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Powerfleet to Present at the 27th Annual Needham Growth Conference
- WOODCLIFF LAKE, N.J. , Jan. 10, 2025 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the 27th Annual Needham Growth Conference on Tuesday, January 14 th at 4:30pmET and meet with investors to discuss how Powerfleet is enacting meaningful business change through effective data insights for its customers and underpinning their digital transformations.
- 01/10/2025
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Powerfleet Appoints Digital Transformation Expert Mike Powell as Chief Innovation Officer
- WOODCLIFF LAKE, N.J. , Jan. 7, 2025 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), a global AIoT leader, announces Mike Powell as Chief Innovation Officer (CINO), effective immediately.
- 01/07/2025
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Undercovered Dozen: OppFi, PowerFleet, Eletrobras, American Battery +
- The 'Undercovered' Dozen series highlights lesser-known stocks with potential. Today's edition features companies like American Battery Technology, Quantum Corporation, and NervGen Pharma Corp. American Battery Technology is seen as positioned for growth in the battery materials market, bolstered by a $144m DOE grant and strategic partnerships. Quantum Corporation may offer significant upside due to its data management solutions aiding GenAI firms, with deferred revenue boosting free cash flow.
- 12/28/2024
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PowerFleet: An Affordable Samsara Competitor
- PowerFleet: An Affordable Samsara Competitor
- 12/26/2024
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Telematics for Rental and Leasing Fleets Report, 3rd Edition: Geotab, Targa Telematics, OCTO Telematics, CalAmp, Webfleet, Powerfleet, Munic, MySmartObject, Connected Cars and RentalMatics Dominate
- Case Studies of telematics activities among 21 car rental and leasing companies. Detailed profiles of 33 companies that serve the rental and leasing companies. Case Studies of telematics activities among 21 car rental and leasing companies. Detailed profiles of 33 companies that serve the rental and leasing companies.
- 12/23/2024
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Powerfleet to Present at Raymond James 2024 TMT & Consumer Conferences
- WOODCLIFF LAKE, N.J. , Dec. 6, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the Raymond James 2024 TMT & Consumer Conference on Tuesday, December 10 th at 3:40pmET and meet with investors to discuss how Powerfleet is enacting meaningful business change through effective data insights for its customers and underpinning their digital transformations.
- 12/06/2024
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PowerFleet, Inc. (AIOT) Q2 2025 Earnings Call Transcript
- PowerFleet, Inc. (NASDAQ:AIOT ) Q2 2025 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Carolyn Capaccio - Investor Relations Steve Towe - Chief Executive Officer David Wilson - Chief Financial Officer Conference Call Participants Scott Searle - Roth Capital Gary Prestopino - Barrington Research Anthony Stoss - Craig-Hallum Dylan Becker - William Blair Alexander Sklar - Raymond James Greg Gibas - Northland Securities Operator Greetings. Welcome to the PowerFleet's Second Quarter 2025 Earnings Call.
- 11/12/2024
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PowerFleet (AIOT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- Although the revenue and EPS for PowerFleet (AIOT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 11/12/2024
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Powerfleet Reports Second Quarter 2025 Financial Results
- Q2 FY25 revenue up 7%, to $77.0 million, and Adjusted EBITDA up 41%, to $14.5 million year-over-year, demonstrating continued strong execution of the immediate business objectives post-MiX combination. First half FY25 results exceeded expectations with revenue up 9%, to $152.4 million and Adjusted EBITDA up 46% year-over -year, to $28.2 million.
- 11/12/2024
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What Analyst Projections for Key Metrics Reveal About PowerFleet (AIOT) Q3 Earnings
- Get a deeper insight into the potential performance of PowerFleet (AIOT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 11/08/2024
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Powerfleet Sets Second Quarter Fiscal 2025 Conference Call for Tuesday, November 12, 2024, at 8:30 a.m. ET
- WOODCLIFF LAKE, N.J. , Oct. 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that it will hold a conference call on Tuesday, November 12, 2024, at 8:30 a.m.
- 10/30/2024
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Wall Street Analysts See a 65.44% Upside in PowerFleet (AIOT): Can the Stock Really Move This High?
- The consensus price target hints at a 65.4% upside potential for PowerFleet (AIOT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 10/23/2024
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Powerfleet to Host Investor Day on November 20, 2024
- WOODCLIFF LAKE, N.J. , Oct. 7, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) will host an Investor Day with financial analysts and institutional investors on Wednesday, November 20 on location at Sofitel New York in New York, NY as well as virtually.
- 10/07/2024
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Powerfleet Closes Strategic Acquisition of Fleet Complete
- Acquisition Expected to Create a $400m+ Revenue Company, Including $300m+ of Recurring SaaS Revenue, $85m EBITDA, and Significant Expansion Opportunities WOODCLIFF LAKE, N.J. , Oct. 1, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) has successfully closed the previously announced acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.
- 10/01/2024
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Powerfleet and Fleet Complete to Host Fireside Chat on October 2, 2024
- WOODCLIFF LAKE, N.J., Sept. 25, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) will host a fireside chat with analysts and investors on October 2 at 8.30 a.m.
- 09/25/2024
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Why Artificial Intelligence Stock Powerfleet Triumphed Today
- The artificial intelligence of things (AIoT) specialist announced an acquisition. It is buying a peer in a transaction valued at $200 million.
- 09/18/2024
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Overlooked Stock: AIOT
- Powerfleet (AIOT) nearly touched its 52-week high on Wednesday after agreeing to acquire Fleet Complete. George Tsilis talks about what makes the move so important for the "artificial-intelligence-of-things" company.
- 09/18/2024
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Crude Oil Moves Lower; PowerFleet Shares Spike Higher
- U.S. stocks traded lower midway through trading, with the S&P 500 falling around 0.2% on Wednesday.
- 09/18/2024
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Powerfleet Announces Strategic Acquisition of Fleet Complete
- Expected to Create Industry Powerhouse with Total Revenue Anticipated to Exceed $400 Million Including $300+ Million of Recurring High Margin SaaS Revenue Highly Accretive with $200 Million Transaction Value Representing 8x Pre-Synergy and 5x Post-Synergy Adjusted EBITDA Acquisition Strengthens Powerfleet's North American Presence, Fuels Top-Line Growth in Europe and Australia, and Extends Go-to-Market Reach through Scaled Indirect Channel Transaction Accelerates Powerfleet's Momentum towards Achieving Long-Term 20%+ Organic Revenue Growth and Rule of 40 Performance Creates Highly Effective Combined Global Entity with over 2.6 Million Combined Subscribers and 2,500 Employees with Dedicated Teams to Support Customers across 6 Continents Transaction Expected to Close on October 1, 2024 Leadership Teams to Host Joint Q&A Call with Analysts and Investors Today, September 18, 2024 at 10:30 am ET WOODCLIFF LAKE, N.J. , Sept. 18, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), a leading provider of AIoT SaaS solutions for the mobile asset industry, today announced it has entered into a definitive agreement providing for the strategic acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.
- 09/18/2024
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ABI Research Ranks Powerfleet as the World's No. 1 Commercial Cold Chain Solution
- Competitive ranking recognizes Powerfleet's cold chain offering as the global leader in the space, citing its Unity platform as a key differentiator WOODCLIFF LAKE, N.J. , Sept. 17, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today was named the number one global leader in cold chain monitoring solutions, according to a competitive ranking assessment by ABI Research.
- 09/17/2024
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AIOT Stock Earnings: PowerFleet, Inc. – Common Stock Beats Revenue for Q1 2024
- PowerFleet, Inc. – Common Stock (NASDAQ: AIOT ) just reported results for the first quarter of 2024. The company did not report any EPS for the quarter.
- 08/22/2024
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Powerfleet Reports First Quarter 2025 Financial Results
- Focused execution following the business combination with MiX Telematics evidenced by annual revenue and AEBITDA growth of +10% and +50%, respectively Revenue Grows 10.2% annually to $75.4 million, driven by unity ecosystem and safety-centric solutions Cost synergy traction with $8.7 million in annual run-rate savings secured by end of June quarter WOODCLIFF LAKE, N.J. , Aug. 22, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), reported its financial results for the first quarter ended June 30, 2024.
- 08/22/2024
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Powerfleet Announces Successful Resolution of SEC Comment Letter Involving Non-Cash Accounting Issue
- Sets First Quarter Fiscal 2025 Conference Call for Thursday, August 22, 2024, at 8:30 a.m. ET Expects to File Transition Report on Form 10-KT for the transition period ended March 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 on or before August 23 rd WOODCLIFF LAKE, N.J.
- 08/19/2024
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Powerfleet Announces Receipt of Expected Delinquency Notification Letters from Nasdaq Relating to Non-Compliance with Nasdaq Listing Rule 5250(c)(1)
- Submitted response to previously announced SEC comment letter involving non-cash accounting issue; targeting to resolve matter within the month of August WOODCLIFF LAKE, N.J. , Aug. 16, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that on August 8 and August 15, 2024, the Company received, as expected, written notices from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it did not timely file its Transition Report on Form 10-KT for the transition period ended March 31, 2024 (the "Form 10-KT") and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Form 10-Q"), as required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5250(c)(1).
- 08/16/2024
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PowerFleet, Inc. (AIOT) Q1 2025 Earnings Call Transcript
- PowerFleet, Inc. (NASDAQ:AIOT ) Q1 2025 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Steve Towe - Chief Executive Officer David Wilson - Chief Financial Officer Conference Call Participants Scott Searle - Roth Capital Anthony Stoss - Craig-Hallum Dylan Becker - William Blair Alexander Sklar - Raymond James Greg Gibas - Northland Securities Operator Good morning, and welcome to the Fireside Chat. At this time, all participants are in a listen-only mode and we will open for questions following the presentation.
- 08/10/2024
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