• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Powerfleet Provides Business Update Ahead of Upcoming Craig-Hallum and William Blair Conferences

    5/23/25 7:00:00 AM ET
    $AIOT
    Telecommunications Equipment
    Telecommunications
    Get the next $AIOT alert in real time by email

    Shares Preliminary Fiscal Year 2025 Results and Updated Fiscal 2026 Outlook

    Fourth Quarter Fiscal 2025 Conference Call Set for Monday, June 16, 2025

    WOODCLIFF LAKE, N.J., May 23, 2025 /PRNewswire/ -- In advance of its participation in the 22nd Annual Craig-Hallum Institutional Investor Conference (May 28) and William Blair's 45th Annual Growth Stock Conference (June 4), Powerfleet, Inc. (NASDAQ:AIOT) today provided a business update, including preliminary financial results for fiscal year 2025 and an initial outlook for fiscal 2026.

    Powerfleet (PRNewsfoto/Powerfleet)

    Preliminary Fiscal Year 2025 Results

    Powerfleet expects to deliver strong full-year performance in line with, or ahead of, previously communicated guidance:

    • Total Revenue is expected to be approximately $362.5 million, an increase of +25% year-over-year, in line with previous guidance.
    • Adjusted EBITDA is expected to be approximately $71 million, representing 65% growth year-over-year.
      • During the year, the company realized $16 million in annual cost synergies, with $11 million of that benefit recognized within the fiscal year. Including the additional $5 million in fully realized run-rate synergies, proforma adjusted EBITDA is expected to be $76 million, exceeding prior base guidance of $75 million.
    • Net adjusted debt is expected to be approximately $230 million, better than the previous guidance of $235 million.

    "Fiscal 2025 was a milestone year," said Steve Towe, Chief Executive Officer. "We delivered 65% adjusted EBITDA growth and 25% total revenue growth, inclusive of 7% organic growth, in our core business—clear proof of strong demand, disciplined execution, and the impact of our integration efforts. These results reflect the strength of our team and the solid progress we're making on our strategic priorities."

    Fiscal Year 2026 Outlook

    As the company enters FY26, Powerfleet continues to see strong underlying business momentum. Ongoing macroeconomic factors—including tariff-related pressures and extended customer decision cycles—make it difficult to provide precise FY26 guidance.

    "While we recognize external headwinds, the fundamentals of our business are strong," Towe continued. "We're executing with discipline, delivering ahead of schedule on synergies, and scaling key growth drivers like Unity and our indirect channels. Demand remains solid, with growing cross-sell activity—giving us strong conviction in our trajectory and long-term value creation."

    With the understanding that there are more external variables than usual outside the company's control, based on the current view of tariff impacts, and assuming conditions remain broadly stable from here, the following reflects a well-founded tempered outlook for FY26 performance:

    • Total Revenue growth in the range of 20% to 25%.
      • The revenue base for calculating FY'26 growth rates is $352.5 million, reflecting a modest step down of approximately 3% to FY'25 revenue due to the previously disclosed U.S. GAAP accounting change related to the re-bundling of hardware sales for the legacy Fleet Complete business, effective April 2025, and the shutdown of legacy FSM revenue
    • Adjusted EBITDA growth in the range of 45% to 55%.

    Powerfleet remains confident in its long-term growth, driven by the rapid maturation of Unity's device-agnostic platform and its expanding role in unifying customer operations. These capabilities provide clear competitive advantage and growing monetization potential across new and existing customers.

    Once macroeconomic conditions and longer-term tariff impacts are fully understood, Powerfleet will look to issue formal FY26 guidance.

    Management to Attend Upcoming Investor Conferences 

    Management is scheduled to meet with investors at the following conferences:

    • The 22nd Annual Craig-Hallum Institutional Investor Conference on Wednesday, May 28th
    • William Blair's 45th Annual Growth Stock Conference on Wednesday, June 4th, at 4:00pmCT and meeting with investors that day. The link to the live webcast will be available here or by visiting Powerfleet's website at https://ir.powerfleet.com/events-presentations/events.

    Fourth Quarter and Fiscal Year 2025 Conference Call to be Held on Monday, June 16, 2025 at 8:30am ET

    Powerfleet will hold a conference call on Monday, June 16, 2025, at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the fourth quarter fiscal 2025 ended March 31, 2025. 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, June 16, 2025

    Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)

    Toll Free: 888-506-0062

    International: 973-528-0011

    Participant Access Code: 539753

    The conference call will be broadcast simultaneously and available for replay here and via the investor section of the company's website at ir.powerfleet.com.

    NON-GAAP FINANCIAL MEASURES 

    To supplement its financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP), Powerfleet provides certain non-GAAP measures of financial performance. These non-GAAP measures include adjusted EBITDA and net adjusted debt. Reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards, but are not a substitute for, or superior to, GAAP results. These non-GAAP measures are provided to enhance investors' overall understanding of Powerfleet's current financial performance. Specifically, Powerfleet believes the non-GAAP measures provide useful information to both management and investors by excluding certain expenses, gains and losses and fluctuations in currency rates that may not be indicative of its core operating results and business outlook. These non-GAAP measures are not measures of financial performance or liquidity under GAAP and, accordingly, should not be considered as an alternative to net income or total debt as an indicator of operating performance or liquidity. Because Powerfleet's method for calculating the non-GAAP measures may differ from other companies' methods, the non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliation of all non-GAAP measures included in this press release to the most directly comparable GAAP measures can be found in the financial tables included in this press release.

    ABOUT POWERFLEET

    Powerfleet (NASDAQ:AIOT) is a global leader in AI-powered data solutions that optimize mobile asset performance, safety, and sustainability. Powerfleet Unity's cloud-based applications leverage advanced AI, machine learning, and IoT connectivity to provide mission-critical insights across industrial, logistics, and transportation sectors. Serving 48,000 customers across 120 countries, Powerfleet empowers businesses with data-driven intelligence to enhance safety, efficiency, and workforce productivity. For more information, visit www.powerfleet.com.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This press release contains forward-looking statements within the meaning of federal securities laws. Powerfleet's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements may be identified by words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions.

    These forward-looking statements include, without limitation, our expectations with respect to our beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions and future performance, as well as anticipated financial impacts of our transactions with MiX Telematics and Fleet Complete. Forward-looking statements involve significant known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. Most of these factors are outside our control and are difficult to predict. The risks and uncertainties referred to above include, but are not limited to, risks related to: (i) future economic and business conditions, including potential impacts of tariffs; (ii) integration of our, MiX Telematics' and Fleet Complete's businesses and the ability to recognize the anticipated synergies and benefits of the transactions with MiX Telematics and Fleet Complete; (iii) the loss of any of our key customers or reduction in the purchase of our products by any such customers; (iv) the failure of the markets for our products to continue to develop; (v) the negative effects of the transactions on the market price of our securities; (vi) our inability to adequately protect our intellectual property; (vii) our inability to manage growth; (viii) the effects of competition from a wide variety of local, regional, national and other providers of wireless solutions; and (ix) such other factors as are set forth in the periodic reports filed by us with the Securities and Exchange Commission (SEC), including but not limited to those described under the heading "Risk Factors" in our annual reports on Form 10-K, quarterly reports on Form 10-Q and any other filings made with the SEC from time to time, which are available via the SEC's website at http://www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those indicated or anticipated by these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

    The forward-looking statements included in this press release are made only as of the date of this press release, and except as otherwise required by applicable securities law, we assume no obligation, nor do we intend to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

    Powerfleet Investor Contacts

    Carolyn Capaccio and Jody Burfening

    Alliance Advisors IR

    [email protected]

    Powerfleet Media Contact

    Jonathan Bates

    [email protected] 

    +44 7921 242 892

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/powerfleet-provides-business-update-ahead-of-upcoming-craig-hallum-and-william-blair-conferences-302463948.html

    SOURCE Powerfleet

    Get the next $AIOT alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $AIOT

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $AIOT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Powerfleet to Attend the Northland Capital Markets Growth Conference

      WOODCLIFF LAKE, N.J., June 20, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that management is scheduled to attend the Northland Growth Conference 2025 on Wednesday, June 25th to meet with investors to discuss Powerfleet's AIoT platform that is already delivering results at scale with strong financial discipline and a clear roadmap to shareholder value. ABOUT POWERFLEETPowerfleet (NASDAQ:AIOT, JSE: PWR)) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry. With more than 30 years of experi

      6/20/25 7:00:00 AM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • Powerfleet Reports Annual FY2025 Results: A Breakout Year of Strategic Transformation and Scaled Growth

      Total revenue growth for fiscal 2025 of 26% to $362.5 million, with ~75% SaaS recurring revenue. Annual adjusted EBITDA climbed 65% year-over-year to $71 million, with adjusted EBITDA margin expanding 500 basis points to 20%. Q4 total revenue increased 42% year-over-year to $103.6 million, with Service revenue increasing 49% to $81.8m, while adjusted EBITDA grew 84% to $20.4 million. Q4 total adjusted gross margin exceeded 60%, compared to 53% in the prior year. Extended Conference Call to be Held at 8:30am ET; Slide Presentation Accessible Here WOODCLIFF LAKE, N.J., June 16, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) reported its financial results for the fiscal year and the fourth

      6/16/25 7:00:00 AM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • EverDriven Expands AI Video Safety Partnership with Powerfleet to Enhance Student Transportation Across 34 States

      WOODCLIFF LAKE, N.J., June 16, 2025 /PRNewswire/ -- Powerfleet (NASDAQ:AIOT), a global leader in AI-powered data intelligence, today announced an expanded deployment of its advanced AI video safety solution with EverDriven Technologies, a trusted leader in alternative student transportation across the United States. EverDriven operates across 34 states with 9,000+ drivers completing over 2 million trips annually. Due to the overwhelming interest from their school district partners, EverDriven will complete a major AI video safety deployment, scaling its relationship with Power

      6/16/25 6:59:00 AM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications

    $AIOT
    SEC Filings

    See more
    • SEC Form 11-K filed by PowerFleet Inc.

      11-K - Powerfleet, Inc. (0001774170) (Filer)

      6/27/25 4:05:22 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • SEC Form 10-K filed by PowerFleet Inc.

      10-K - Powerfleet, Inc. (0001774170) (Filer)

      6/26/25 1:29:01 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • PowerFleet Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Powerfleet, Inc. (0001774170) (Filer)

      6/16/25 7:20:56 AM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications

    $AIOT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Financial Officer Wilson David was granted 261,506 shares, increasing direct ownership by 517% to 312,109 units (SEC Form 4)

      4 - Powerfleet, Inc. (0001774170) (Issuer)

      4/1/25 9:24:02 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • Chief Executive Officer Towe Steven Mark was granted 1,773,012 shares, increasing direct ownership by 268% to 2,434,766 units (SEC Form 4)

      4 - Powerfleet, Inc. (0001774170) (Issuer)

      4/1/25 9:21:36 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • Chief Innovation Officer Powell Michael Joseph was granted 79,114 shares (SEC Form 4)

      4 - Powerfleet, Inc. (0001774170) (Issuer)

      4/1/25 9:19:22 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications

    $AIOT
    Leadership Updates

    Live Leadership Updates

    See more
    • 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

      1/7/25 4:05:00 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • 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.

      7/25/24 7:00:00 AM ET
      $AIOT
      $PWFL
      Telecommunications Equipment
      Telecommunications

    $AIOT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by PowerFleet Inc.

      SC 13G/A - Powerfleet, Inc. (0001774170) (Subject)

      11/14/24 4:01:32 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • Amendment: SEC Form SC 13G/A filed by PowerFleet Inc.

      SC 13G/A - Powerfleet, Inc. (0001774170) (Subject)

      11/14/24 12:14:32 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • Amendment: SEC Form SC 13G/A filed by PowerFleet Inc.

      SC 13G/A - Powerfleet, Inc. (0001774170) (Subject)

      11/4/24 4:52:01 PM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications

    $AIOT
    Financials

    Live finance-specific insights

    See more
    • Powerfleet Reports Annual FY2025 Results: A Breakout Year of Strategic Transformation and Scaled Growth

      Total revenue growth for fiscal 2025 of 26% to $362.5 million, with ~75% SaaS recurring revenue. Annual adjusted EBITDA climbed 65% year-over-year to $71 million, with adjusted EBITDA margin expanding 500 basis points to 20%. Q4 total revenue increased 42% year-over-year to $103.6 million, with Service revenue increasing 49% to $81.8m, while adjusted EBITDA grew 84% to $20.4 million. Q4 total adjusted gross margin exceeded 60%, compared to 53% in the prior year. Extended Conference Call to be Held at 8:30am ET; Slide Presentation Accessible Here WOODCLIFF LAKE, N.J., June 16, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) reported its financial results for the fiscal year and the fourth

      6/16/25 7:00:00 AM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • Powerfleet Provides Business Update Ahead of Upcoming Craig-Hallum and William Blair Conferences

      Shares Preliminary Fiscal Year 2025 Results and Updated Fiscal 2026 OutlookFourth Quarter Fiscal 2025 Conference Call Set for Monday, June 16, 2025 WOODCLIFF LAKE, N.J., May 23, 2025 /PRNewswire/ -- In advance of its participation in the 22nd Annual Craig-Hallum Institutional Investor Conference (May 28) and William Blair's 45th Annual Growth Stock Conference (June 4), Powerfleet, Inc. (NASDAQ:AIOT) today provided a business update, including preliminary financial results for fiscal year 2025 and an initial outlook for fiscal 2026. Preliminary Fiscal Year 2025 Results Powerfle

      5/23/25 7:00:00 AM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications
    • 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

      2/10/25 7:00:00 AM ET
      $AIOT
      Telecommunications Equipment
      Telecommunications