Powerfleet Appoints Deloitte & Touche as Independent Auditor

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Recent Analyst Ratings for
$AIOT
$PWFL

CompanyDatePrice TargetRatingAnalyst
4/3/2024Outperform
William Blair
4/2/2024$7.00Outperform
Raymond James
3/18/2024$7.00Outperform
Northland Capital
3/15/2024$9.00Buy
Craig Hallum
5/10/2022Outperform → Mkt Perform
Barrington Research
3/10/2022$12.00 → $9.00Buy
Canaccord Genuity
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  • /C O R R E C T I O N -- Powerfleet/

    In the news release, Powerfleet to Present at the 37th Annual Roth Conference, issued 12-Mar-2025 by Powerfleet over PR Newswire, we are advised by the company that the timing of the conference has changed to "PT" rather than "ET". The complete, corrected release follows: Powerfleet to Present at the 37th Annual Roth Conference WOODCLIFF LAKE, N.J., March 12, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that management is scheduled to present at the 37th Annual Roth Conference on Tuesday, March 18th at 8:00amPT. In addition, management will meet with investors to discuss how Powerfleet is driving meaningful business transformation by leveraging effective data insigh

    $AIOT
    Telecommunications Equipment
    Telecommunications
  • Powerfleet to Present at the 37th Annual Roth Conference

    WOODCLIFF LAKE, N.J., March 12, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that management is scheduled to present at the 37th Annual Roth Conference on Tuesday, March 18th at 8:00amET. In addition, management will meet with investors to discuss how Powerfleet is driving meaningful business transformation by leveraging effective data insights to support its customers' digital evolution. The link to the live webcast of the Company's presentation will be available by visiting Powerfleet's website at https://ir.powerfleet.com/events-presentations/events.

    $AIOT
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  • Powerfleet Launches Unity's AI-Driven In-Warehouse Solutions in partnership with TELUS, Unlocking Major Growth Potential

    Strategic partnership leverages AI-driven technology to transform warehouse safety and efficiency across North America WOODCLIFF LAKE, N.J., March 10, 2025 /PRNewswire/ -- Powerfleet (NASDAQ:AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, announces the launch of advanced Unity in-warehouse solutions through its TELUS partnership, enhancing safety, workforce retention, and operational efficiency in Canada and the United States. TELUS, a global leader in communications technology with over 20 million cust

    $AIOT
    Telecommunications Equipment
    Telecommunications

$AIOT
$PWFL
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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. Powell brings extensive expertise in organizations generating annual revenues in excess of $1 billion, covering the landscape of both a CTO and CIO, to focus on advancing both Powerfleet's customer solutions and internal operations. As CINO, Powell will lead Powerfleet's evolution by integrating internal transformation with cutting-edge customer technologies and continuing to enhance the compan

    $AIOT
    Telecommunications Equipment
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  • Powerfleet Appoints Deloitte & Touche as Independent Auditor

    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., as its independent registered public accounting firm for the fiscal year ending March 31, 2025 subject to satisfactory completion of Deloitte & Touche's client acceptance procedures, which are in the process of being completed.

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  • Powerfleet Set to Join Russell 2000® Index

    Ticker Symbol Changing to AIOT with July 1st Market Open WOODCLIFF LAKE, N.J., June 10, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:PWFL) today announced that they are set to join the small-cap Russell 2000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024, according to a preliminary list of additions posted Friday, May 24, 2024. Additionally, to reflect its position as a top-tier global artificial intelligence of things (AIoT) software-as-a-service (SaaS) provider, Powerfleet wil

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  • 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

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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. Eastern time (5:30 a.m. Pacific time) to discuss results for the third quarter fiscal 2025 ended December 31, 2024. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Monday, February 10, 2025Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 973

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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.  50% of the planned two-year annualized cost synergy target of $27 million secured within 6 months of the close of the MiX combination. WOODCLIFF LAKE, N.J., Nov. 12, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) reported its financial results for the second quarter ended September 30, 2024. This marks the second full quarter following the clos

    $AIOT
    Telecommunications Equipment
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