PowerFleet, Inc. (AIOT)

NASDAQ: AIOT · Real-Time Price · USD
7.43
-0.26 (-3.38%)
At close: Feb 21, 2025, 4:00 PM
7.50
+0.07 (0.94%)
After-hours: Feb 21, 2025, 7:26 PM EST
-3.38%
Market Cap 984.14M
Revenue (ttm) 292.95M
Net Income (ttm) -97.94M
Shares Out 132.46M
EPS (ttm) -1.02
PE Ratio n/a
Forward PE 79.64
Dividend n/a
Ex-Dividend Date n/a
Volume 1,880,017
Open 7.79
Previous Close 7.69
Day's Range 7.31 - 7.84
52-Week Range 2.86 - 8.71
Beta 1.76
Analysts Strong Buy
Price Target 12.33 (+65.95%)
Earnings Date Feb 10, 2025

About AIOT

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 enterpris... [Read more]

Sector Technology
Founded 1993
Employees 1,954
Stock Exchange NASDAQ
Ticker Symbol AIOT
Full Company Profile

Financial Performance

In 2023, PowerFleet's revenue was $134.96 million, an increase of 0.92% compared to the previous year's $133.74 million. Losses were -$78.56 million, 353.9% more than in 2023.

Financial numbers in USD Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for AIOT stock is "Strong Buy." The 12-month stock price forecast is $12.33, which is an increase of 65.95% from the latest price.

Price Target
$12.33
(65.95% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Powerfleet Unity Named #1 Global Platform & Solution Portfolio in its Market by ABI Research

WOODCLIFF LAKE, N.J. , Feb. 20, 2025 /PRNewswire/ -- ABI Research, a highly trusted leader in data-driven market intelligence, has awarded Powerfleet (Nasdaq: AIOT), the number one global ranking for ...

1 day ago - PRNewsWire

Powerfleet: A Great Story, But I'll Pass

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...

3 days ago - Seeking Alpha

PowerFleet, Inc. (AIOT) Q3 2025 Earnings Call Transcript

PowerFleet, Inc. (NASDAQ:AIOT) Q3 2025 Earnings Call February 10, 2025 8:30 AM ET Company Participants Steve Towe - CEO David Wilson - CFO Conference Call Participants Scott Searle - ROTH Capital Par...

11 days ago - Seeking Alpha

Powerfleet Reports Third Quarter 2025 Financial Results

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 ...

12 days ago - PRNewsWire

Powerfleet Sets Third Quarter Fiscal 2025 Conference Call for Monday, February 10, 2025, at 8:30 a.m. ET

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.

4 weeks ago - PRNewsWire

Powerfleet to Present at the 27th Annual Needham Growth Conference

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, Ja...

6 weeks ago - PRNewsWire

Powerfleet Appoints Digital Transformation Expert Mike Powell as Chief Innovation Officer

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.

6 weeks ago - PRNewsWire

Undercovered Dozen: OppFi, PowerFleet, Eletrobras, American Battery +

The 'Undercovered' Dozen series highlights lesser-known stocks with potential. Today's edition features companies like American Battery Technology, Quantum Corporation, and NervGen Pharma Corp. Americ...

Other symbols: OPFIABATEBR
7 weeks ago - Seeking Alpha

PowerFleet: An Affordable Samsara Competitor

PowerFleet: An Affordable Samsara Competitor

Other symbols: IOT
2 months ago - Seeking Alpha

Telematics for Rental and Leasing Fleets Report, 3rd Edition: Geotab, Targa Telematics, OCTO Telematics, CalAmp, Webfleet, Powerfleet, Munic, MySmartObject, Connected Cars and RentalMatics Dominate

Case Studies of telematics activities among 21 car rental and leasing companies. Detailed profiles of 33 companies that serve the rental and leasing companies. Case Studies of telematics activities am...

2 months ago - GlobeNewsWire

Powerfleet to Present at Raymond James 2024 TMT & Consumer Conferences

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 Tuesd...

2 months ago - PRNewsWire

PowerFleet, Inc. (AIOT) Q2 2025 Earnings Call Transcript

PowerFleet, Inc. (NASDAQ:AIOT) Q2 2025 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Carolyn Capaccio - Investor Relations Steve Towe - Chief Executive Officer David Wils...

3 months ago - Seeking Alpha

Powerfleet Reports Second Quarter 2025 Financial Results

Q2 FY25 revenue up 7%, to $77.0 million, and Adjusted EBITDA up 41%, to $14.5 million year-over-year, demonstrating continued strong execution of the immediate business objectives post-MiX combination...

3 months ago - PRNewsWire

Powerfleet Sets Second Quarter Fiscal 2025 Conference Call for Tuesday, November 12, 2024, at 8:30 a.m. ET

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.

4 months ago - PRNewsWire

Powerfleet to Host Investor Day on November 20, 2024

WOODCLIFF LAKE, N.J. , Oct. 7, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) will host an Investor Day with financial analysts and institutional investors on Wednesday, November 20 on location ...

4 months ago - PRNewsWire

Powerfleet Closes Strategic Acquisition of Fleet Complete

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 /PRNewswir...

5 months ago - PRNewsWire

Powerfleet and Fleet Complete to Host Fireside Chat on October 2, 2024

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.

5 months ago - PRNewsWire

Overlooked Stock: AIOT

Powerfleet (AIOT) nearly touched its 52-week high on Wednesday after agreeing to acquire Fleet Complete. George Tsilis talks about what makes the move so important for the "artificial-intelligence-of-...

5 months ago - Schwab Network

Crude Oil Moves Lower; PowerFleet Shares Spike Higher

U.S. stocks traded lower midway through trading, with the S&P 500 falling around 0.2% on Wednesday.

5 months ago - Benzinga

Powerfleet Announces Strategic Acquisition of Fleet Complete

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 Transactio...

5 months ago - PRNewsWire

ABI Research Ranks Powerfleet as the World's No. 1 Commercial Cold Chain Solution

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/ ...

5 months ago - PRNewsWire

Powerfleet Reports First Quarter 2025 Financial Results

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, dr...

6 months ago - PRNewsWire

Powerfleet Announces Successful Resolution of SEC Comment Letter Involving Non-Cash Accounting Issue

Sets First Quarter Fiscal 2025 Conference Call for Thursday, August 22, 2024, at 8:30 a.m. ET Expects to File Transition Report on Form 10-KT for the transition period ended March 31, 2024  and Quarte...

6 months ago - PRNewsWire

Powerfleet Announces Receipt of Expected Delinquency Notification Letters from Nasdaq Relating to Non-Compliance with Nasdaq Listing Rule 5250(c)(1)

Submitted response to previously announced SEC comment letter involving non-cash accounting issue; targeting to resolve matter within the month of August WOODCLIFF LAKE, N.J. , Aug. 16, 2024 /PRNewswi...

6 months ago - PRNewsWire

PowerFleet, Inc. (AIOT) Q1 2025 Earnings Call Transcript

PowerFleet, Inc. (NASDAQ:AIOT) Q1 2025 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Steve Towe - Chief Executive Officer David Wilson - Chief Financial Officer Conference C...

7 months ago - Seeking Alpha