PowerFleet, Inc. (AIOT)

NASDAQ: AIOT · Real-Time Price · USD
6.53
+0.15 (2.35%)
Dec 20, 2024, 4:00 PM EST - Market closed
2.35%
Market Cap 862.51M
Revenue (ttm) 221.07M
Net Income (ttm) -90.10M
Shares Out 132.08M
EPS (ttm) -1.26
PE Ratio n/a
Forward PE 34.92
Dividend n/a
Ex-Dividend Date n/a
Volume 1,981,804
Open 6.27
Previous Close 6.38
Day's Range 6.10 - 6.63
52-Week Range 2.55 - 7.38
Beta 1.76
Analysts Buy
Price Target 12.50 (+91.42%)
Earnings Date Dec 31, 2024

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 2 analysts, the average rating for AIOT stock is "Buy." The 12-month stock price forecast is $12.5, which is an increase of 91.42% from the latest price.

Price Target
$12.5
(91.42% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

15 days 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...

5 weeks 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...

5 weeks 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.

7 weeks 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 ...

2 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...

2 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.

3 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-...

3 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.

3 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...

3 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/ ...

3 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...

4 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...

4 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...

4 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...

4 months ago - Seeking Alpha

Powerfleet Announces Preliminary Financial Results for First Quarter of Fiscal 2025; Raises Fiscal 2025 Annual Guidance

Outpaces Expectations with 10% Preliminary Pro Forma Annual Revenue Growth to Approximately $75 Million Subscriber Count Increases Year-over-Year by 11% to 1.95 Million Cost Synergies and EBITDA Growt...

4 months ago - PRNewsWire

Powerfleet Sets First Quarter Fiscal 2025 Conference Call for Thursday, August 8, 2024, at 8:30 a.m. ET

WOODCLIFF LAKE, N.J. , July 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that it will hold a conference call on Thursday, August 8, 2024, at 8:30 a.m.

5 months ago - PRNewsWire

Powerfleet Appoints Deloitte & Touche as Independent Auditor

Reiterates Revenue and Adjusted EBITDA Guidance for Twelve Months Ending March 31, 2024 and 2025 WOODCLIFF LAKE, N.J. , July 25, 2024 /PRNewswire/ -- Powerfleet , Inc. (Nasdaq: AIOT) today announced t...

5 months ago - PRNewsWire