PowerFleet (AIOT) News & Sentiment

WOODCLIFF LAKE, N.J. , March 12, 2025 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the 37th Annual Roth Conference on Tuesday, March 18 th at 8:00amET.

I love a good growth story, but PowerFleet, Inc.'s numbers don't match the excitement. The company's debt level is too high for my liking, making me uneasy about its future. Acquisitions have inflated its revenue growth, and I prefer more organic expansion.

Shares of small-cap Internet of Things tech company PowerFleet (AIOT 31.09%) rallied big on Monday, up as much as 38.8% in the day's trading before ending the day with a 31.1% gain.

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 financial results for the third quarter ended December 31, 2024.

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.

WOODCLIFF LAKE, N.J. , Jan. 10, 2025 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the 27th Annual Needham Growth Conference on Tuesday, January 14 th at 4:30pmET and meet with investors to discuss how Powerfleet is enacting meaningful business change through effective data insights for its customers and underpinning their digital transformations.

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.

PowerFleet: An Affordable Samsara Competitor

WOODCLIFF LAKE, N.J. , Dec. 6, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the Raymond James 2024 TMT & Consumer Conference on Tuesday, December 10 th at 3:40pmET and meet with investors to discuss how Powerfleet is enacting meaningful business change through effective data insights for its customers and underpinning their digital transformations.