Powerfleet Inc NJ

Earnings data Q4 2020

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PowerFleet, Inc. engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets. It operates through the following geographical segments: United States, Israel, and Other. The company was founded in 1993 and is headquartered in Woodcliff Lake, NJ.

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.

Powerfleet to Present at Raymond James 2024 TMT & Consumer Conferences

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.

PowerFleet, Inc. (AIOT) Q2 2025 Earnings Call Transcript

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.

PowerFleet (AIOT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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.

Powerfleet Reports Second Quarter 2025 Financial Results

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.

What Analyst Projections for Key Metrics Reveal About PowerFleet (AIOT) Q3 Earnings

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.

Powerfleet Sets Second Quarter Fiscal 2025 Conference Call for Tuesday, November 12, 2024, at 8:30 a.m. ET

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.

Wall Street Analysts See a 65.44% Upside in PowerFleet (AIOT): Can the Stock Really Move This High?

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.

Powerfleet to Host Investor Day on November 20, 2024

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.

Powerfleet Closes Strategic Acquisition of Fleet Complete

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.

Powerfleet and Fleet Complete to Host Fireside Chat on October 2, 2024

The artificial intelligence of things (AIoT) specialist announced an acquisition. It is buying a peer in a transaction valued at $200 million.

Why Artificial Intelligence Stock Powerfleet Triumphed Today

U.S. stocks traded lower midway through trading, with the S&P 500 falling around 0.2% on Wednesday.

Crude Oil Moves Lower; PowerFleet Shares Spike Higher

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.

Powerfleet Announces Strategic Acquisition of Fleet Complete

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.

ABI Research Ranks Powerfleet as the World's No. 1 Commercial Cold Chain Solution

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.

AIOT Stock Earnings: PowerFleet, Inc. – Common Stock Beats Revenue for Q1 2024

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.

Powerfleet Reports First Quarter 2025 Financial Results

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.

Powerfleet Announces Successful Resolution of SEC Comment Letter Involving Non-Cash Accounting Issue

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).

Powerfleet Announces Receipt of Expected Delinquency Notification Letters from Nasdaq Relating to Non-Compliance with Nasdaq Listing Rule 5250(c)(1)

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.

PowerFleet, Inc. (AIOT) Q1 2025 Earnings Call Transcript

Outpaces Expectations with 10% Preliminary Pro Forma Annual Revenue Growth to Approximately $75 Million Subscriber Count Increases Year-over-Year by 11% to 1.95 Million Cost Synergies and EBITDA Growth Outperform Expectations Due to Effective Integration Delays Q1 Fiscal 2025 Conference Call and Related Filings Due to SEC Comment Letter on Accounting Acquirer in MiX Telematics Business Combination Company to Hold Fireside Chat on Tuesday, August 6th at 8:30am ET WOODCLIFF LAKE, N.J. , Aug. 5, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced a delay of its earnings call for the first fiscal quarter ended June 30, 2024, originally scheduled for August 8, 2024.

Powerfleet Announces Preliminary Financial Results for First Quarter of Fiscal 2025; Raises Fiscal 2025 Annual Guidance

PowerFleet Inc

WOODCLIFF LAKE, N.J. , July 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that it will hold a conference call on Thursday, August 8, 2024, at 8:30 a.m.

Powerfleet Sets First Quarter Fiscal 2025 Conference Call for Thursday, August 8, 2024, at 8:30 a.m. ET

Reiterates Revenue and Adjusted EBITDA Guidance for Twelve Months Ending March 31, 2024 and 2025 WOODCLIFF LAKE, N.J. , July 25, 2024 /PRNewswire/ -- Powerfleet , Inc. (Nasdaq: AIOT) today announced that, on July 19, 2024, the audit committee of Powerfleet's board of directors approved the appointment of Deloitte & Touche, the incumbent auditor of MiX Telematics Ltd.

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