PowerFleet Inc

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.

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PowerFleet Inc reports robust Q4 performance and strategic acquisitions

PowerFleet Inc demonstrated strong financial performance and operational improvements in Q4 2022, driven by revenue growth, enhanced profitability, and strategic acquisitions.
The company's focus on cost optimization, revenue diversification, and market expansion underscores its commitment to sustainable growth and market leadership.
Despite challenges such as FX impacts and terminated contracts, PowerFleet's resilience, strategic initiatives, and positive outlook position it for continued success and value creation.
By leveraging strengths in SaaS solutions, data science capabilities, and market positioning, PowerFleet is poised to capitalize on growth opportunities, drive innovation, and deliver long-term shareholder value.

PowerFleet reports revenue growth and margin expansion in Q1

PowerFleet's Q1 performance reflects revenue growth, margin expansion, and financial strength, driven by strategic acquisitions and cost-saving initiatives.
While facing challenges like a lengthening sales cycle and M&A expenses, the company remains confident in its ability to deliver value to customers.
Opportunities lie in driving organic growth, expanding market channels, and implementing operational efficiencies to sustain growth and profitability.

PowerFleet Inc reports robust Q2 results and eyes sustainable growth

PowerFleet Inc's Q2 2023 performance reflects strong revenue growth, improved margins, and successful transition to recurring software sales, positioning the company for future success.
While facing challenges from external factors and integration goals, PowerFleet's strategic strengths, focus on growth opportunities, and confidence in its approach bode well for sustained growth.
By leveraging its core markets, expanding channels, and driving software revenue growth, PowerFleet is poised to achieve its services growth targets and capitalize on emerging opportunities.

PowerFleet Inc (PWFL) reports strong Q3 results and outlines growth strategy

PowerFleet Inc (PWFL) demonstrated robust financial performance, strategic focus, and growth potential in Q3, positioning the company for future success.
Management's emphasis on operational excellence, market expansion, and shareholder value creation underscores a commitment to sustainable growth.
Despite challenges in specific markets and competitive pricing dynamics, PowerFleet remains poised to capitalize on opportunities for revenue growth and market leadership.

PowerFleet Inc reports robust Q4 performance and growth opportunities

PowerFleet Inc's strong performance in revenue growth and EBITDA, driven by strategic acquisitions and the Unity platform, sets the stage for significant expansion.
While operational challenges exist in achieving profitability targets amidst growth, the company's focus on customer value and integration synergies bodes well for future success.
Opportunities lie in market expansion, customer relationship enhancement, and operational efficiency improvements, positioning PowerFleet for sustained growth and profitability.
Confidence in successful integration with MiX Telematics and shareholder support underscore PowerFleet's strategic direction and commitment to creating long-term value.

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Mix Telematics

Combination Expected to Create Top-Tier Global Provider in Mobile Asset IoT Industry with Unparalleled Artificial Intelligence Enhanced SaaS Solution Portfolio ~1.7 Million Combined Subscriber Base Expected to Provide Immediate Scale Expected to Create a Day One Business with Total Revenue of $279 Million, Including $210 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 67% In Addition to Organic Growth, Combination is Expected to Unlock Significant Annual EBITDA Expansion Within First Two Years Expected to Deliver Significant Cross-Sell and Upsell Opportunities for Powerfleet's Unity Platform, Modular Software, and AI-Driven Data Solutions into Combined Base of 7,500 Enterprise Customers Leadership Teams to Host Joint Conference Call Today, October 10, 2023 at 8:30 AM ET Joint Investor Day Scheduled for Thursday, November 16, 2023 in New York City. Further Details Will Be Communicated Shortly WOODCLIFF LAKE, N.J.

Powerfleet and MiX Telematics Announce Transformative Business Combination

Codexis

Cepton

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The Next Nvidia: 3 AI Stocks That Could Break New Records

PowerFleet (PWFL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -32.13% in 4 Weeks, Here's Why You Should You Buy the Dip in PowerFleet (PWFL)

PowerFleet, Inc. (NASDAQ:PWFL ) Q2 2023 Earnings Call Transcript August 8, 2023 8:30 AM ET Company Participants Steve Towe - CEO David Wilson - CFO Conference Call Participants Max Michaelis - Lake Street Capital Markets Gary Prestopino - Barrington Research Scott Searle - ROTH MKM Operator Good morning. Welcome to PowerFleet's Second Quarter 2023 Conference Call.

PowerFleet, Inc. (PWFL) Q2 2023 Earnings Call Transcript

PowerFleet (PWFL) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.05 per share a year ago.

PowerFleet (PWFL) Reports Q2 Loss, Misses Revenue Estimates

Strong Growth in High Margin SaaS Revenues with Company Positioned for Accelerated Growth in Second Half of 2023 Second Quarter 2023 Service Revenue was 66% of Total Revenue, up from 57% in the Prior Period, Driving an Expansion in Total Company Gross Margins to 50% from 47% WOODCLIFF LAKE, N.J., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), reported results for the second quarter and six months ended June 30, 2023.

Powerfleet Reports Second Quarter and First Half 2023 Financial Results

WOODCLIFF LAKE, N.J., July 31, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Tuesday, August 8, 2023 at 8:30 a.m. Eastern (5:30 a.m. Pacific) to discuss results for the second quarter ended June 30, 2023. Financial results will be issued in a press release prior.

Powerfleet Sets Second Quarter 2023 Conference Call for Tuesday, August 8, 2023 at 8:30 a.m. ET

New data visualization solution drives corporate ESG initiatives by unifying business operations and powering the electrification of fleets New data visualization solution drives corporate ESG initiatives by unifying business operations and powering the electrification of fleets

Powerfleet Unveils Sustainability Data-Powered Application

PowerFleet (PWFL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, PowerFleet (PWFL) Is Still a Bargain Stock

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, PowerFleet (PWFL) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

PowerFleet (PWFL) Is Attractively Priced Despite Fast-paced Momentum

PowerFleet, Inc. (NASDAQ:PWFL ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Steve Towe - CEO David Wilson - CFO Conference Call Participants Daniel Park - Canaccord Genuity Max Michaelis - Lake Street Capital Markets Scott Searle - ROTH MKM Gary Prestopino - Barrington Research Operator Good morning, and welcome to PowerFleet's First Quarter 2023 Conference Call. Joining us for today's presentation is the company's CEO, Steve Towe; and CFO, David Wilson.

PowerFleet, Inc. (PWFL) Q1 2023 Earnings Call Transcript

PowerFleet (PWFL) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.06 per share a year ago.

PowerFleet (PWFL) Reports Break-Even Earnings for Q1

Total GAAP Services Revenue Grows 9%, Increasing to 62% of Total Revenue and up 17% YoY on a Constant Currency Basis

Powerfleet Reports First Quarter 2023 Financial Results

Solution brings together multiple data sources to enhance driver management, prevent theft, and features first-of-its-kind collision reconstruction capabilities Solution brings together multiple data sources to enhance driver management, prevent theft, and features first-of-its-kind collision reconstruction capabilities

New Data-Powered Safety and Security Application from Powerfleet to Save Lives, Time, and Money for Fleets Worldwide

PowerFleet, Inc. (NASDAQ:PWFL ) Q4 2022 Earnings Conference Call March 9, 2023 8:30 AM ET Company Participants Steve Towe - Chief Executive Officer David Wilson - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Daniel Park - Canaccord Genuity Gary Prestopino - Barrington Max Michaelis - Lake Street Capital Markets Operator Good morning. And welcome to PowerFleet's Fourth Quarter and Full Year 2022 Conference Call.

PowerFleet, Inc. (PWFL) Q4 2022 Earnings Call Transcript

WOODCLIFF LAKE, N.J., March 09, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, reported results for the fourth quarter and year ended December 31, 2022.

Powerfleet Reports Full Year 2022 and Fourth Quarter Financial Results

Powerful combination to enhance Powerfleet's fleet intelligence platform with industry-leading Insurance telematics and sustainability solutions Powerful combination to enhance Powerfleet's fleet intelligence platform with industry-leading Insurance telematics and sustainability solutions

Powerfleet to Acquire Leading Insurance Telematics and Sustainable Mobility Solutions Provider Movingdots from Swiss Re

WOODCLIFF LAKE, N.J., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL) will hold a conference call on Thursday, March 9, 2023 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the fourth quarter and full year ended December 31, 2022. Financial results will be issued in a press release prior to the call.

Powerfleet Sets Fourth Quarter and Full Year 2022 Conference Call for Thursday, March 9, 2023 at 8:30 a.m. ET

Powerfleet's data insights empower digital transformation and fleet management evolution for Energisa Powerfleet's data insights empower digital transformation and fleet management evolution for Energisa

Energisa Taps Full Potential of Powerfleet's Unity Platform for Driver Safety and Economic Excellence

The company experienced headwinds and rationalization efforts in 2022, but things are already improving. Re-accelerating revenue growth is not a given but is possible on the new platform and modules.

PowerFleet: The Best Kept Secret In IoT

WOODCLIFF LAKE, N.J., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has appointed David Wilson as the company's new Chief Financial Officer (CFO). Wilson brings more than 20 years of executive leadership and finance experience in both the public and private markets. He has successfully led companies through business transformations, high-multiple merger and acquisition transactions as well as capital raises totaling over $1 billion.

Powerfleet Appoints Seasoned Executive David Wilson as Chief Financial Officer

WOODCLIFF LAKE, N.J., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has appointed Offer Lehmann to the newly created position of Chief Operating Officer (COO). Lehmann brings vast senior business management experience in leading global operations and customer success teams for prominent public and private growth companies. As COO, Lehmann will oversee the company's global customer experience and execution of its operational strategy.

Powerfleet Names Offer Lehmann as Chief Operating Officer

PowerFleet, Inc. (NASDAQ:PWFL ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Steve Towe - Chief Executive Officer Joaquin Fong - Principal Financial Officer Conference Call Participants Scott Searle - ROTH Capital Partners Michael Walkley - Canaccord Genuity Maxwell Michaelis - Lake Street Capital Markets Gary Prestopino - Barrington Research Operator Good morning. Welcome to PowerFleet's Third Quarter 2022 Conference Call.

PowerFleet, Inc. (PWFL) Q3 2022 Earnings Call Transcript

WOODCLIFF LAKE, N.J., Nov. 11, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has formed a partnership with ClickNow, a protection-as-a-service smart mobile application company. The partnership strengthens Powerfleet's focus to provide mission-critical solutions across business operations and expands existing safety capabilities to personal safety outside of a vehicle. The ClickNow mobile application in conjunction with Powerfleet's existing Unity platform, advanced modular solutions, and data science will continue to help Powerfleet customers save lives, time, and money.

Powerfleet Expands Personal Safety IoT Marketplace Through Partnership with ClickNow

WOODCLIFF LAKE, N. J. , Nov. 08, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) Software-as-a-Service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, reported results for the third quarter ended September 30, 2022.

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