Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
Website:
http://www.powerfleet.comNext earnings report:
15 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:48:20 GMTDividend
Analysts recommendations
Institutional Ownership
AIOT Latest News
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.
Acquisition Expected to Create a $400m+ Revenue Company, Including $300m+ of Recurring SaaS Revenue, $85m EBITDA, and Significant Expansion Opportunities WOODCLIFF LAKE, N.J. , Oct. 1, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) has successfully closed the previously announced acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.
WOODCLIFF LAKE, N.J., Sept. 25, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) will host a fireside chat with analysts and investors on October 2 at 8.30 a.m.
The artificial intelligence of things (AIoT) specialist announced an acquisition. It is buying a peer in a transaction valued at $200 million.
Expected to Create Industry Powerhouse with Total Revenue Anticipated to Exceed $400 Million Including $300+ Million of Recurring High Margin SaaS Revenue Highly Accretive with $200 Million Transaction Value Representing 8x Pre-Synergy and 5x Post-Synergy Adjusted EBITDA Acquisition Strengthens Powerfleet's North American Presence, Fuels Top-Line Growth in Europe and Australia, and Extends Go-to-Market Reach through Scaled Indirect Channel Transaction Accelerates Powerfleet's Momentum towards Achieving Long-Term 20%+ Organic Revenue Growth and Rule of 40 Performance Creates Highly Effective Combined Global Entity with over 2.6 Million Combined Subscribers and 2,500 Employees with Dedicated Teams to Support Customers across 6 Continents Transaction Expected to Close on October 1, 2024 Leadership Teams to Host Joint Q&A Call with Analysts and Investors Today, September 18, 2024 at 10:30 am ET WOODCLIFF LAKE, N.J. , Sept. 18, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), a leading provider of AIoT SaaS solutions for the mobile asset industry, today announced it has entered into a definitive agreement providing for the strategic acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.
Competitive ranking recognizes Powerfleet's cold chain offering as the global leader in the space, citing its Unity platform as a key differentiator WOODCLIFF LAKE, N.J. , Sept. 17, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today was named the number one global leader in cold chain monitoring solutions, according to a competitive ranking assessment by ABI Research.
Focused execution following the business combination with MiX Telematics evidenced by annual revenue and AEBITDA growth of +10% and +50%, respectively Revenue Grows 10.2% annually to $75.4 million, driven by unity ecosystem and safety-centric solutions Cost synergy traction with $8.7 million in annual run-rate savings secured by end of June quarter WOODCLIFF LAKE, N.J. , Aug. 22, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), reported its financial results for the first quarter ended June 30, 2024.
What type of business is PowerFleet?
PowerFleet, Inc. provides Internet-of-Things solutions in the United States, Israel, and internationally. The company offers SaaS cloud-based applications data from IoT devices and ecosystem of third-party and partner applications to present actionable information for customers to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications. It also provides hosting, maintenance, and support and consulting services; and Software as a Service, including system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company offers its products under the PowerFleet, Pointer, and Cellocator brands. It sells its products to commercial and government sectors in automotive manufacturing, wholesale and retail food and grocery distribution, logistics, heavy industry, transportation, aviation, manufacturing, aerospace and defense, homeland security, vehicle rental, heavy industry, and freight transportation markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and warehouse equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.
What sector is PowerFleet in?
PowerFleet is in the Technology sector
What industry is PowerFleet in?
PowerFleet is in the Software Infrastructure industry
What country is PowerFleet from?
PowerFleet is headquartered in United States
What is PowerFleet website?
https://www.powerfleet.com
Is PowerFleet in the S&P 500?
No, PowerFleet is not included in the S&P 500 index
Is PowerFleet in the NASDAQ 100?
No, PowerFleet is not included in the NASDAQ 100 index
Is PowerFleet in the Dow Jones?
No, PowerFleet is not included in the Dow Jones index
When was PowerFleet the previous earnings report?
No data
When does PowerFleet earnings report?
The next expected earnings date for PowerFleet is 15 November 2024