AIOT
PowerFleet, Inc.5.28
+0.10+1.93%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Q&A details SA contract ramp
Q&A unpacked the South Africa contract's scale as PowerFleet's largest deployment, with enrollments ahead of plan and force-multiplier potential via MTN and public sector expansion. Management explained FY26 guidance tweaks—EBITDA growth to 45%, leverage to 2.4x—as repurposed costs for people, processes, and systems rather than aggressive cuts. Growth mix steady at 65-70% existing customers; FY27 ARR target 15% pre-SA. Business environment improving, AI an enabler. They'll scale without stumbling. Analysts probed competition and costs; answers were direct yet non-quantified. Bullish tone persists—watch SA ramp for FY27 acceleration.
Key Stats
Market Cap
706.59MP/E (TTM)
-Basic EPS (TTM)
-0.31Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Powerfleet swung to Q3 operating profit of $6.3M from a $1.2M loss y/y, as services revenue climbed 11.4% to $91.1M on SaaS adoption while products dipped 9.3%; gross margin held steady at 55.2%. YTD revenue jumped 27.2% to $329.3M with operating profit of $8.6M versus a $18.9M loss, diluted EPS improved to $(0.13) from $(0.33) on 133.6M shares (derived). Cash from operations flipped to $20.5M from a $16.9M use, less $31.9M capex for FCF of -$11.5M (derived); total debt ~$277.5M with $11.2M Hapoalim revolver headroom. Fleet Complete closed Oct 2024 for stock/cash, adding $82.2M goodwill. Integration synergies emerging. Long sales cycles pose deployment risks.
8-K
Q3 revenue hits record $113.5M
Powerfleet reported Q3 FY2026 results on February 9, 2026, with total revenue up 7% to $113.5 million, services revenue surging 11% to $91.1 million (80% of total). Operating profit flipped to $6.3 million from a $1.2 million loss; adjusted EBITDA rose 26% to $25.7 million. Revenue guidance tightened to $440-445 million, but EBITDA growth pegged at 45% due to South Africa contract investments. Synergies delivered, yet integration risks linger.
8-K
Brodsky resigns; Martin named Chairman
Powerfleet's board saw Michael Brodsky resign as director on January 30, 2026, after 12 years, paving the way for Andrew Martin's immediate appointment as Chairman. Martin, a board member since 2024, offers deep investor and tech strategy expertise. Smooth transition. Brodsky voiced full confidence in the company's growth path.
8-K
South Africa fleet contract awarded
Powerfleet subsidiary MiX Telematics scored a 60-month contract from South Africa's National Treasury on December 18, 2025, for vehicle fleet management services including video, visibility, and driver solutions, set to kick off in Q2 2026. Details await full contract finalization. Big win for regional expansion.
8-K
Investor presentation posted
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