PowerFleet, Inc.
5.15-0.09 (-1.72%)
Oct 29, 4:00:02 PM EDT · NasdaqGM · AIOT · USD
Key Stats
Market Cap
687.23MP/E (TTM)
-Basic EPS (TTM)
-0.30Dividend Yield
0%Recent Filings
8-K
Powerfleet annual meeting results
Powerfleet, Inc. held its 2025 annual meeting on September 16, 2025, where stockholders elected Michael Brodsky, Ian Jacobs, Andrew Martin, Michael McConnell, and Steve Towe as directors until the 2026 meeting. The board stays intact. Ratification of Deloitte & Touche as auditors passed overwhelmingly with 100.4 million for votes. Executive pay won advisory approval, 55.1 million for versus 19.9 million against.
8-K
Powerfleet Q1 revenue jumps 38%
Powerfleet reported Q1 FY2026 results on August 11, 2025, with total revenue surging 38% year-over-year to $104.1 million, fueled by 53% services growth to $86.5 million—now 83% of total. Adjusted EBITDA climbed 58% to $21.6 million, margins expanding 260 basis points to 21%, while the EBITDA program hit 60% of its $18 million annual savings target. Revenue guidance lifted to $430-$440 million. Integration risks linger from recent acquisitions.
10-Q
Q1 FY2026 results
Powerfleet's Q1 FY2026 revenue surged 38% y/y to $104.1M, driven by services growth to $86.5M amid the Fleet Complete integration, while products dipped 6% y/y to $17.7M due to tariffs and delayed demand. Gross margin expanded to 54.2% from 52.6%, but operating loss narrowed to $2.0M from $18.2M as SG&A efficiencies offset higher R&D. Diluted EPS improved to $(0.08) from $(0.21), reconciling with 133,313 weighted shares and no anti-dilution effects. Cash from operations hit $4.7M versus a $7.6M use last year; free cash flow stood at $(4.1M) (derived). Total debt was $270.4M, including a $125M term loan maturing 2029 at 9.45%, with $14.6M revolver availability under covenants met. Fleet Complete closed October 1, 2024 for $190M (cash/stock mix), adding $82.2M goodwill and $99M finite-lived intangibles (4.5-9.5 years). Patent infringement suits pose ongoing litigation risks.
10-K
FY2025 results
Powerfleet's FY2025 results reflect robust growth from the MiX Combination and FC Acquisition, with revenues surging 171% y/y to $362.5M, driven by services up 230% to $276.9M while products rose 72% to $85.6M; Q4 contributed $103.6M, up 207% y/y, with services accelerating 278% amid integration synergies. Gross margins expanded to 53.7% annually, yet Q4 dipped to 52.8% due to amortization of acquired intangibles ($14.8M yearly impact), while SG&A climbed to 56.4% from acquisition costs ($21.3M) and restructuring ($10.1M), yielding a $51.0M net loss. Acquisitions fueled quarterly momentum, with MiX and FC adding $41.5M in Q4 revenue, but elevated debt ($273.8M) and $3.3M operating cash burn underscore liquidity pressures. No annual guidance disclosed; integration risks could stall quarterly gains.
8-K
Powerfleet's FY2025 revenue soars 26%
Powerfleet reported FY2025 results on June 16, 2025, with revenue surging 26% to $362.5 million, fueled by acquisitions and 75% SaaS recurring streams, while adjusted EBITDA jumped 65% to $71 million amid 500 basis point margin gains. Q4 revenue rocketed 42% to $103.6 million, with service revenue up 49% to $81.8 million and adjusted gross margin topping 60%. Acquisitions scaled subscribers 4x to 2.8 million, yet integration risks loom large.
IPO
Website
Employees
Sector
Industry