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10-Q - Powerfleet, Inc. (0001774170) (Filer)
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WOODCLIFF LAKE, N.J., Nov. 10, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, today announced it has received the Frost & Sullivan 2025 North America Product Leadership Award for its Unity platform, recognizing outstanding innovation and impact in the connected vehicle market. "Frost & Sullivan's Product Leadership Recognition is its top honor and recognizes Powerfleet's visionary innovation, market-leading performance, and unmatched customer care," said Mi
Total revenue of $111.7 million, an increase of 45% in total and 9% organically year-over-year from $77.0M in Q2 FY25. Services revenue of $89.3 million, an increase of 57% in total and 12% organically year-over-year from $56.7 million in Q2 FY25. Gross profit of $62.6 million, an increase of 11% sequentially from $56.5 million in Q1 FY26. Raising FY26 total revenue guidance to $435-$445 million from $430-$440 million. WOODCLIFF LAKE, N.J., Nov. 10, 2025 /PRNewswire/ -- Powerfleet, Inc. ("Powerfleet" or the "Company") (NASDAQ:AIOT) reported its financial results for the second quarter ended September 30, 2025.
WOODCLIFF LAKE, N.J., Oct. 27, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that it will hold a conference call on Monday, November 10, 2025, at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the second quarter fiscal 2026 ended September 30, 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, November 10, 2025Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 9
WOODCLIFF LAKE, N.J., Oct. 7, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT), a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry, announces Jeff Lautenbach as Chief Revenue Officer (CRO), effective immediately. Jeff brings extensive experience leading global revenue organizations generating $500 million in annual recurring revenue, underscoring Powerfleet's commitment to scaling as a world-class SaaS powerhouse. As CRO, Jeff will lead Powerfleet's worldwide revenue engine, driving global go-to-market strategy and execution, optimizi
WOODCLIFF LAKE, N.J., Sept. 29, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ: AIOT), a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry, today announced it will host its Unity Innovation showcase, a virtual event for financial analysts and institutional investors, on Friday, November 14, 2025, from 9:00 a.m. to 11:00 a.m. ET. This immersive event will spotlight the deep customer value created by Unity, Powerfleet's device-agnostic platform that is redefining how businesses unlock safety, visibility, compliance, sustainability, and opera
WOODCLIFF LAKE, N.J., Sept. 25, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ: AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, today announced that its Unity platform has won the Industry Innovation Award 2025 at the International Materials Handling Exhibition (IMHX), Europe's largest intralogistics event. "Being recognized at IMHX, the biggest stage in Europe, underscores Unity's ability to transform mobile asset management worldwide," said Mike Powell, Chief Innovation Officer at Powerfleet. "This awa
WOODCLIFF LAKE, N.J., Sept. 12, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that management is scheduled to attend the Barrington Research Virtual Fall Investment Conference on Tuesday, September 16th 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 mo
New Deployment Reduces Risk, Enhances Driver Culture, and Strengthens Employee Safety WOODCLIFF LAKE, N.J., Sept. 2, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT), a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS), today announced that Wright Brothers Construction, one of the US's most respected civil contractors, has deployed Unity's AI video SaaS safety platform to transform operational oversight, mitigate risk, and drive measurable improvements in driver safety across its enterprise operation. Wright Brothers chose Powerfleet
Quarterly services revenue jumped by 6% sequentially to $86.5 million, increasing from $81.8 million in Q4'25. Total revenue grew by 38% year-over-year to $104.1million driven by strength in services revenue, which increased to a record high of 83% of total revenue. Adjusted EBITDA increased by 58% to $21.6 million, with adjusted EBITDA margin expanding 260 basis points to 21%. Gross profit increased year over year by $16.8 million to $56.5 million, with adjusted EBITDA gross margins expanding by 3% to 67%. The EBITDA expansion program delivered $11 million in annual savings exiting the first quarter of FY26, achieving 60% of the full-year target of $18 million. FY26 total revenue guidance r
Combined Platform and Connectivity Strength Unlocks Predictive, AI and Data-Led Intelligence for Fixed and Mobile Operations WOODCLIFF LAKE, N.J., Aug. 11, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT), a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry, today announced a groundbreaking new enterprise growth partnership with MTN Business South Africa, part of MTN Group, the continent's largest mobile network operator, with 297 million customers across 16 markets and $7.4 billion in annual revenue. "This partnership marks a bold ste
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WOODCLIFF LAKE, N.J., Oct. 7, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT), a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry, announces Jeff Lautenbach as Chief Revenue Officer (CRO), effective immediately. Jeff brings extensive experience leading global revenue organizations generating $500 million in annual recurring revenue, underscoring Powerfleet's commitment to scaling as a world-class SaaS powerhouse. As CRO, Jeff will lead Powerfleet's worldwide revenue engine, driving global go-to-market strategy and execution, optimizi
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
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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Total revenue of $111.7 million, an increase of 45% in total and 9% organically year-over-year from $77.0M in Q2 FY25. Services revenue of $89.3 million, an increase of 57% in total and 12% organically year-over-year from $56.7 million in Q2 FY25. Gross profit of $62.6 million, an increase of 11% sequentially from $56.5 million in Q1 FY26. Raising FY26 total revenue guidance to $435-$445 million from $430-$440 million. WOODCLIFF LAKE, N.J., Nov. 10, 2025 /PRNewswire/ -- Powerfleet, Inc. ("Powerfleet" or the "Company") (NASDAQ:AIOT) reported its financial results for the second quarter ended September 30, 2025.
WOODCLIFF LAKE, N.J., Oct. 27, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that it will hold a conference call on Monday, November 10, 2025, at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the second quarter fiscal 2026 ended September 30, 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, November 10, 2025Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 9
Quarterly services revenue jumped by 6% sequentially to $86.5 million, increasing from $81.8 million in Q4'25. Total revenue grew by 38% year-over-year to $104.1million driven by strength in services revenue, which increased to a record high of 83% of total revenue. Adjusted EBITDA increased by 58% to $21.6 million, with adjusted EBITDA margin expanding 260 basis points to 21%. Gross profit increased year over year by $16.8 million to $56.5 million, with adjusted EBITDA gross margins expanding by 3% to 67%. The EBITDA expansion program delivered $11 million in annual savings exiting the first quarter of FY26, achieving 60% of the full-year target of $18 million. FY26 total revenue guidance r
WOODCLIFF LAKE, N.J., July 29, 2025 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that it will hold a conference call on Monday, August 11, 2025, at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter fiscal 2026 ended June 30, 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, August 11, 2025Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 973-528-001
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
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
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
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
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: