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.

Earnings data Q2 2020

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Earnings data Q4 2022

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Earnings data Q1 2024

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., Jan. 27, 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 that it intends to offer shares of its common stock in an underwritten public offering. PowerFleet expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

PowerFleet Announces Proposed Underwritten Public Offering

WOODCLIFF LAKE, N.J., Jan. 06, 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, has been invited to present at the 23rd Annual Needham Growth Conference, which is being held virtually on January 11-15, 2021.

PowerFleet to Present at the 23rd Annual Needham Growth Conference on January 13, 2021

Optimizing Lift Hardware and Instrument Crane Operations

Nucor Tubular Products Selects PowerFleet Telematics to Improve Steel Manufacturing Safety

Company Intends to Market the Solution Globally Company Intends to Market the Solution Globally

PowerFleet Subsidiary Pointer Telocation Enables Internet of Things (IoT) Defibrillators in Israel

PowerFleet, Inc.'s (PWFL) CEO Chris Wolfe on Q3 2020 Results - Earnings Call Transcript

PowerFleet (PWFL) delivered earnings and revenue surprises of -50.00% and 3.44%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PowerFleet (PWFL) Reports Q3 Loss, Tops Revenue Estimates

Total Revenue Increases 7% Sequentially to $27.6 Million, Driving Gross Profit Expansion and Profitability Improvements, Reflecting Operating Model Leverage and Business Resiliency Total Revenue Increases 7% Sequentially to $27.6 Million, Driving Gross Profit Expansion and Profitability Improvements, Reflecting Operating Model Leverage and Business Resiliency

PowerFleet Reports Third Quarter 2020 Financial Results

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) Q3 Earnings Expected to Decline

WOODCLIFF LAKE, N.J., Oct. 26, 2020 (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, will hold a conference call on Monday, November 9, 2020 at 8:30 a.m. Eastern time to discuss results for the third quarter ended September 30, 2020. Financial results will be issued in a press release the same day, before the call.

PowerFleet Sets Third Quarter 2020 Conference Call for Monday, November 9, 2020 at 8:30 a.m. ET

PowerFleet VAC4 to be Deployed Globally Through 2021 PowerFleet VAC4 to be Deployed Globally Through 2021

Kautex Taps PowerFleet Telematics for Safer, More Sustainable Production

WOODCLIFF LAKE, N.J., Oct. 09, 2020 (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, today announced it has been chosen by Ryder System, Inc., a leading logistics and transportation company, to embed telematics into its forklifts and other material handling equipment within its warehouses.

Ryder Selects PowerFleet for Industrial to Secure North American Supply Chain Operations

WOODCLIFF LAKE, N.J., Sept.  02, 2020  (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, is scheduled to participate at the following virtual financial conferences during September 2020:

PowerFleet Sets September 2020 Financial Conference Schedule

PowerFleet's (PWFL) CEO Chris Wolfe on Q2 2020 Results - Earnings Call Transcript

PowerFleet (PWFL) delivered earnings and revenue surprises of -44.44% and 3.68%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

PowerFleet (PWFL) Reports Q2 Loss, Tops Revenue Estimates

The Company Elects to Terminate “At-The-Market” Equity Offering Program The Company Elects to Terminate “At-The-Market” Equity Offering Program

PowerFleet Reports Second Quarter 2020 Financial Results

The French Red Cross Leveraged Cellocator by PowerFleet Solution to Track and Manage the Shipment of Healthcare Equipment and Supplies to Respond to the COVID-19 Epidemic and Ebola Virus Disease (EVD) During June 2020 The French Red Cross Leveraged Cellocator by PowerFleet Solution to Track and Manage the Shipment of Healthcare Equipment and Supplies to Respond to the COVID-19 Epidemic and Ebola Virus Disease (EVD) During June 2020

The French Red Cross Selects Cellocator by PowerFleet for COVID-19 Humanitarian Response

Leading Trucking Company to be Equipped with PowerFleet LV-500 and PowerFleet LV-710 Leading Trucking Company to be Equipped with PowerFleet LV-500 and PowerFleet LV-710

Day & Ross Turns to PowerFleet for Solar Powered Tracking Technology

Partnership Expansion Will Offer New Solutions and Channel Affiliation in Europe, Middle East and Africa (EMEA) and North America Partnership Expansion Will Offer New Solutions and Channel Affiliation in Europe, Middle East and Africa (EMEA) and North America

Jungheinrich AG Extends Global Technology Agreement with PowerFleet

WOODCLIFF LAKE, N.J., June  29, 2020  (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, was added to the broad-market Russell 3000® Index at the conclusion of the annual reconstitution of the Russell indexes, effective after the U.S. market opens today, June 29, according to the  FTSE Russell website .

PowerFleet Joins Russell 3000® Index

PowerFleet LV-500 and LV-710 Solutions Offer Private Fleet Unmatched Visibility PowerFleet LV-500 and LV-710 Solutions Offer Private Fleet Unmatched Visibility

Rusken Packaging Selects PowerFleet® For Optimized Trailer Efficiency

PowerFleet, Inc. (PWFL) CEO Chris Wolfe on Q1 2020 Results - Earnings Call Transcript

PowerFleet, Inc. (PWFL) CEO Chris Wolfe on Q4 2019 Results - Earnings Call Transcript

News for PowerFleet Inc Stock (PWFL)