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
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. Eastern time (5:30 a.m. Pacific time) to discuss results for the second quarter fiscal 2025 ended September 30, 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: Tuesday, November 12, 2024Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International:
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. Presentations are scheduled to begin at 1:00 p.m. Eastern time and end at approximately 4:00 p.m. Eastern time, preceded by a 12:00 p.m. lunch. Senior leaders from the Powerfleet and Fleet Complete teams will share the compelling strategic, operating and financial benefits of the transformative Fleet Complete transaction as w
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. With 2.6 million total combined subscribers and forecasted combined revenue of over $400 million, including more than $300 million of recurring SaaS revenue, this transformative acquisition is e
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. Eastern Time, to discuss the previously announced acquisition of Fleet Complete by Powerfleet, which immediately creates an undisputed top tier leader in the global AIoT SaaS industry. Attendees will hear from key members of the Powerfleet and Fleet Complete leadership teams as they discuss their excitement for the combination's enhanced market position, focusing on the better together plan for customers, shareholde
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
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. The study from ABI Research assessed nine cold chain software vendors to provide an independent third party ranking that considered key trends in the market, including the growing demand for real-time monitoring, adoption of Internet of Things (IoT) and advanced sensors, as well as other advanced analytics and regulatory
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. This marks the first full quarter post-close of the MiX Telematics Ltd. business combination with prior year comparison numbers adjusted to reflect the pro forma financial performance of the
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 23rd WOODCLIFF LAKE, N.J., Aug. 19, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that, on August 16, 2024, it received a letter from the U.S. Securities and Exchange Commission (SEC) indicating that the SEC has completed its review regarding Powerfleet's determination that it is the accounting acquirer in the recent business combination with MiX Telematics Ltd.
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 l
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.
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
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. Eastern time (5:30 a.m. Pacific time) to discuss results for the second quarter fiscal 2025 ended September 30, 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: Tuesday, November 12, 2024Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International:
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. Eastern Time, to discuss the previously announced acquisition of Fleet Complete by Powerfleet, which immediately creates an undisputed top tier leader in the global AIoT SaaS industry. Attendees will hear from key members of the Powerfleet and Fleet Complete leadership teams as they discuss their excitement for the combination's enhanced market position, focusing on the better together plan for customers, shareholde
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
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. This marks the first full quarter post-close of the MiX Telematics Ltd. business combination with prior year comparison numbers adjusted to reflect the pro forma financial performance of the
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 23rd WOODCLIFF LAKE, N.J., Aug. 19, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that, on August 16, 2024, it received a letter from the U.S. Securities and Exchange Commission (SEC) indicating that the SEC has completed its review regarding Powerfleet's determination that it is the accounting acquirer in the recent business combination with MiX Telematics Ltd.
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. This follows th
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. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter fiscal 2025 ended June 30, 2024. This will represent the first quarterly report for the combined company following Powerfleet's combination with Mix Telematics Ltd. 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
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8-K - Powerfleet, Inc. (0001774170) (Filer)
8-K - Powerfleet, Inc. (0001774170) (Filer)
8-K - Powerfleet, Inc. (0001774170) (Filer)
10-Q - Powerfleet, Inc. (0001774170) (Filer)
10-KT - Powerfleet, Inc. (0001774170) (Filer)
8-K - Powerfleet, Inc. (0001774170) (Filer)