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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Earnings data Q1 2021

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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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WOODCLIFF LAKE, N.J., Nov. 04, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, reported results for the third quarter and nine months ended September 30, 2021.

PowerFleet Reports Third Quarter 2021 Financial Results

WOODCLIFF LAKE, N.J., Oct. 22, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, will hold a conference call on Thursday, November 4, 2021 at 8:00 a.m. Eastern time (5:00 a.m. Pacific time) to discuss results for the third quarter ended September 30, 2021. Financial results will be issued in a press release prior to the call.

PowerFleet Sets Third Quarter 2021 Conference Call for Thursday, November 4, 2021 at 8:00 a.m. ET

The PowerFleet LV-500 will Provide Enhanced Visibility and Cost-effective Operations The PowerFleet LV-500 will Provide Enhanced Visibility and Cost-effective Operations

Day & Ross Again Selects PowerFleet Telematics for Total U.S. Trailer Visibility

PowerFleet, Inc. (PWFL) CEO Chris Wolfe on Q2 2021 Results - Earnings Call Transcript

PowerFleet LV-500 and LV-710 Honored for Excellent Innovation in Burgeoning Internet of Things Market Segment PowerFleet LV-500 and LV-710 Honored for Excellent Innovation in Burgeoning Internet of Things Market Segment

PowerFleet Receives 2021 IoT Evolution Asset Tracking Award

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.

PowerFleet (PWFL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

WOODCLIFF LAKE, N.J., July 21, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, will hold a conference call on Thursday, August 5, 2021 at 8:30 a.m. Eastern time to discuss results for the second quarter ended June 30, 2021. Financial results will be issued in a press release the same day, before the call.

PowerFleet Sets Second Quarter 2021 Conference Call for Thursday, August 5, 2021 at 8:30 a.m. ET

Wolfe Recognized as Part of the 35th Class of Unstoppable Entrepreneurs Who Transform New Jersey and Beyond Wolfe Recognized as Part of the 35th Class of Unstoppable Entrepreneurs Who Transform New Jersey and Beyond

PowerFleet CEO Chris Wolfe Named EY Entrepreneur Of The Year® 2021 New Jersey Award Finalist

WOODCLIFF LAKE, N.J., June 01, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking and managing high-value enterprise assets, announced today it has entered into a reseller agreement with Mitsubishi Logisnext Americas group ( Logisnext ), a leading North American provider and manufacturer of material handling and innovative automation and fleet solutions. Together, PowerFleet and Logisnext have teamed-up to introduce the new PowerFleet® Enterprise Telematic Solution to customers across North America.

Mitsubishi Logisnext Americas Launches Advanced PowerFleet® Telematics Solution For North American Market

The Israel Police Is the Third Rescue Force, following in the Steps of Magen David Adom and The Fire and Rescue Services, to Choose Pointer to Provide Command-and-Control Solution The Israel Police Is the Third Rescue Force, following in the Steps of Magen David Adom and The Fire and Rescue Services, to Choose Pointer to Provide Command-and-Control Solution

The Israel Police Select Pointer by PowerFleet for Managing Their Fleet of 7,500 Vehicles

PowerFleet, Inc. (PWFL) CEO Chris Wolfe on Q1 2021 Results - Earnings Call Transcript

Shares of PowerFleet (NASDAQ:PWFL) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share increased 100.00% year over year to ($0.00), which beat the estimate of ($0.07).

Recap: PowerFleet Q1 Earnings

WOODCLIFF LAKE, N.J. , May 05, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, reported results for the first quarter ended March 31, 2021.

PowerFleet Reports First Quarter 2021 Financial Results

PowerFleet (PWFL) Earnings Expected to Grow: Should You Buy?

Solution Delivers Real-time Tracing and Inventory Management for Increased Optimization and Cost Savings Solution Delivers Real-time Tracing and Inventory Management for Increased Optimization and Cost Savings

Comasco Selects Cellocator by PowerFleet IoT Solution for Global Crane Parts Visibility

WOODCLIFF LAKE, N.J., April 19, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, will hold a conference call on Wednesday, May 5, 2021 at 8:00 a.m. Eastern time to discuss results for the first quarter ended March 31, 2021. Financial results will be issued in a press release the same day, before the call.

PowerFleet Sets First Quarter 2021 Conference Call for Wednesday, May 5, 2021 at 8:00 a.m. ET

PowerFleet, Inc. (PWFL) CEO Chris Wolfe on Q4 2020 Results - Earnings Call Transcript

PowerFleet (PWFL) delivered earnings and revenue surprises of 350.00% and 0.25%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

PowerFleet (PWFL) Q4 Earnings and Revenues Surpass Estimates

WOODCLIFF LAKE, N.J., Feb. 25, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, reported results for the fourth quarter and full year ended December 31, 2020.

PowerFleet Reports Fourth Quarter and Full Year 2020 Financial Results

WOODCLIFF LAKE, N.J., Feb. 09, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, will hold a conference call on Thursday, February 25, 2021 at 8:00 a.m. Eastern time to discuss results for the fourth quarter and full year ended December 31, 2020. Financial results will be issued in a press release the same day, before the call.

PowerFleet Sets Fourth Quarter and Full Year 2020 Conference Call for Thursday, February 25, 2021 at 8:00 a.m. ET

Industry Leaders Join Forces to Offer Comprehensive Solution for Fleet Managers to Optimize and Streamline Operations Industry Leaders Join Forces to Offer Comprehensive Solution for Fleet Managers to Optimize and Streamline Operations

Pointer by PowerFleet® MX and Edenred Announce Strategic Alliance in Mexico

PowerFleet LV-300 Delivers Affordable and Reliable Trailer Information Management Solution PowerFleet LV-300 Delivers Affordable and Reliable Trailer Information Management Solution

McGuire Transportation Selects PowerFleet® to Optimize Trailer Utilization Across Entire Fleet

PowerFleet Reefer Solution, LV-400 to be Deployed Across PTG's Entire Fleet PowerFleet Reefer Solution, LV-400 to be Deployed Across PTG's Entire Fleet

Panhandle Transportation Group Selects PowerFleet® to Improve Visibility and Temperature Control

WOODCLIFF LAKE, N.J., Feb. 01, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy-duty truck fleets, today announced the closing of its previously announced underwritten public offering of 4,427,500 shares of its common stock, including the full exercise of the underwriters' option to purchase an additional 577,500 shares of its common stock. The shares were offered by PowerFleet at a price to the public of $6.50 per share. The gross proceeds of the offering to PowerFleet are approximately $28.8 million, before deducting the underwriting discounts and commissions and other estimated offering expenses.

PowerFleet Closes Underwritten Public Offering

WOODCLIFF LAKE, N.J., Jan. 28, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy-duty truck fleets, today announced the pricing of an underwritten public offering of 3,850,000 shares of its common stock at a public offering price of $6.50 per share. PowerFleet has also granted the underwriters a 30-day option to purchase up to an additional 577,500 shares of its common stock. The gross proceeds of the offering to PowerFleet are expected to be approximately $25,025,000, before deducting the underwriting discounts and commissions and other estimated offering expenses and before the exercise of the underwriters' option to purchase additional shares.

News for PowerFleet Inc Stock (PWFL)