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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Appointee brings strong change agent experience to Powerfleet Appointee brings strong change agent experience to Powerfleet

Powerfleet appoints Elchanan (Nani) Maoz to Board of Directors

WOODCLIFF LAKE, N.J., Oct. 04, 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, will hold a conference call on Tuesday, November 8, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the third quarter ended September 30, 2022. Financial results will be issued in a press release prior to the call.

Powerfleet Sets Third Quarter 2022 Conference Call for Tuesday, November 8, 2022 at 8:30 a.m. ET

Partnership to help further modernize operations at ST Engineering's airframe facility in San Antonio Partnership to help further modernize operations at ST Engineering's airframe facility in San Antonio

ST Engineering Selects PowerFleet to Enhance Maintenance Repair Operations

Milestone achievement underscored by innovation and commitment to customers' need to increase safety and reduce costs Milestone achievement underscored by innovation and commitment to customers' need to increase safety and reduce costs

PowerFleet Reaches 3,000 Industrial Segment Customers, Fueling 12 Percent Revenue Growth in the First Half of the Year from the US Industrial Market

The Renewed Relationship Aims to Strengthen NACPC's Smart Technology Offerings The Renewed Relationship Aims to Strengthen NACPC's Smart Technology Offerings

The North American Chassis Pool Cooperative Expands Partnership with PowerFleet to Use Real-Time Data to Ease Port Congestion and Improve Intermodal Operations

PowerFleet (PWFL) delivered earnings and revenue surprises of 225% and 0.48%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

PowerFleet (PWFL) Q2 Earnings and Revenues Beat Estimates

PowerFleet, Inc. (NASDAQ:PWFL ) Q2 2022 Earnings Conference Call August 8, 2022 8:30 AM ET Company Participants Steve Towe - CEO Joaquin Fong - Global Controller Conference Call Participants T. Michael Walkley - Canaccord Genuity Corp., Research Division Scott Searle - ROTH Capital Partners Gary Prestopino - Barrington Research Operator Good morning.

PowerFleet, Inc. (PWFL) CEO Steve Towe on Q2 2022 Results - Earnings Call Transcript

WOODCLIFF LAKE, N.J., Aug. 08, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, reported results for the second quarter ended June 30, 2022.

PowerFleet Reports 10-Quarter Revenue High and Improved Bottom Line Performance for Second Quarter 2022

After Initial Deployment Success, New Regions Are Adopting the IOT Technology Solution After Initial Deployment Success, New Regions Are Adopting the IOT Technology Solution

Magen David Adom Expands Partnership with Pointer by PowerFleet Adding 800 More Life-Saving Defibrillators with Smart Devices Across Israel

WOODCLIFF LAKE, N.J., July 27, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, has adjusted the timing of its second quarter conference call from Wednesday, August 3, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to Monday, August 8, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time). Financial results for the second quarter ended June 30, 2022 will be issued in a press release prior to the call.

PowerFleet Adjusts Timing of Second Quarter 2022 Conference Call to Monday, August 8, 2022 at 8:30 a.m. ET

WOODCLIFF LAKE, N.J., July 13, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, will hold a conference call on Wednesday, August 3, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the second quarter ended June 30, 2022. Financial results will be issued in a press release prior to the call.

PowerFleet Sets Second Quarter 2022 Conference Call for Wednesday, August 3, 2022 at 8:30 a.m. ET

Partnership Aims to Reduce Risk Level of Insurance Provider's Customers While Increasing Productivity Partnership Aims to Reduce Risk Level of Insurance Provider's Customers While Increasing Productivity

AXA Seguros Selects PowerFleet as a Preferred Technology Partner to Strengthen Their Commercial Fleets Segment

WOODCLIFF LAKE, N.J., June 09, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader of SaaS-based data insight solutions that manage enterprise assets, enabling unification of their business operations, will virtually host its inaugural Investor Day on Tuesday, June 14, 2022 from 11:30 a.m. to 2:30 p.m. Eastern time.

PowerFleet to Host Inaugural Investor Day on Tuesday, June 14 at 11:30 a.m. ET

PowerFleet, Inc. (NASDAQ:PWFL ) Q1 2022 Results Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Steve Towe - Chief Executive Officer Ned Mavrommatis - Chief Financial Officer & Treasurer Conference Call Participants Mike Walkley - Canaccord Genuity Jaeson Schmidt - Lake Street Scott Searle - ROTH Capital Operator Good morning. Welcome to PowerFleet's First Quarter 2022 Conference Call.

PowerFleet, Inc. (PWFL) CEO Steve Towe on Q1 2022 Results - Earnings Call Transcript

PowerFleet (PWFL) delivered earnings and revenue surprises of -200% and 3.79%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

PowerFleet (PWFL) Reports Q1 Loss, Tops Revenue Estimates

Total Revenue up 14% Year-Over-Year to $33.2 Million and High Margin, Recurring and Services Revenue up 7% Year-Over-Year to $18.8 million Total Revenue up 14% Year-Over-Year to $33.2 Million and High Margin, Recurring and Services Revenue up 7% Year-Over-Year to $18.8 million

PowerFleet Reports First Quarter 2022 Financial Results

WOODCLIFF LAKE, N.J., April 26, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader of SaaS-based data insight solutions that manage enterprise assets for seamless business operations, will hold a conference call on Tuesday, May 10, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter ended March 31, 2022. Financial results will be issued in a press release prior to the call.

PowerFleet Sets First Quarter 2022 Conference Call for Tuesday, May 10, 2022 at 8:30 a.m. ET

Zeitunian will Lead PowerFleet's Technology Strategy and Execution of SaaS-based Industrial/Fleet and Logistics Solutions Zeitunian will Lead PowerFleet's Technology Strategy and Execution of SaaS-based Industrial/Fleet and Logistics Solutions

PowerFleet Appoints Software Veteran Jim Zeitunian as Chief Technology Officer

PowerFleet, Inc. (PWFL) CEO Steve Towe on Q4 2021 Results - Earnings Call Transcript

Q4 2021 Revenue Up 17% Year-over-Year to $34.4 million, Driving Record Full Year Revenue of $126.2 Million Q4 2021 Revenue Up 17% Year-over-Year to $34.4 million, Driving Record Full Year Revenue of $126.2 Million

PowerFleet Reports Fourth Quarter and Full Year 2021 Financial Results

WOODCLIFF LAKE, N.J., Feb. 23, 2022 (GLOBE NEWSWIRE) -- PowerFleet , Inc. (Nasdaq: PWFL), a global leader of subscription-based wireless solutions that manage enterprise assets for seamless business operations, will hold a conference call on Wednesday, March 9, 2022 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, 2021. Financial results will be issued in a press release prior to the call.

PowerFleet Sets Fourth Quarter and Full Year 2021 Conference Call for Wednesday, March 9, 2022 at 8:30 a.m. ET

PowerFleet (PWFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: PowerFleet (PWFL) Q4 Earnings Expected to Decline

PowerFleet's Advanced Technology Provides Quick ROI and Helps Improve Safety PowerFleet's Advanced Technology Provides Quick ROI and Helps Improve Safety

Kautex Expands Adoption of PowerFleet Telematics Solution

PowerFleet, Inc. (PWFL) CEO Chris Wolfe on Q3 2021 Results - Earnings Call Transcript

PowerFleet (PWFL) delivered earnings and revenue surprises of -120.00% and -12.03%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

News for PowerFleet Inc Stock (PWFL)