PowerFleet, Inc. (PWFL)
| Market Cap | 430.60M |
| Revenue (ttm) | 132.20M |
| Net Income (ttm) | -8.66M |
| Shares Out | 107.92M |
| EPS (ttm) | -0.24 |
| PE Ratio | n/a |
| Forward PE | 22.83 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 623,207 |
| Open | 4.020 |
| Previous Close | 4.060 |
| Day's Range | 3.845 - 4.020 |
| 52-Week Range | 1.640 - 5.670 |
| Beta | 1.74 |
| Analysts | Strong Buy |
| Price Target | 8.17 (+104.76%) |
| Earnings Date | May 7, 2024 |
About PWFL
PowerFleet, Inc. provides wireless Internet-of-Things (IoT) asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors 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 manag... [Read more]
Financial Performance
In 2022, PowerFleet's revenue was $135.16 million, an increase of 7.09% compared to the previous year's $126.21 million. Losses were -$11.91 million, -34.12% less than in 2021.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PWFL stock is "Strong Buy." The 12-month stock price forecast is $8.17, which is an increase of 104.76% from the latest price.
News
Powerfleet to Host Virtual Analyst and Investor Fireside Chat on April 30, 2024
WOODCLIFF LAKE, N.J. , April 16, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) will host a virtual fireside chat for analysts and shareholders 30 days into the business combination with MiX Tel...
Powerfleet Selected as an Artificial Intelligence Excellence Awards Finalist
Unity Platform Celebrated for its Innovative AIoT Capabilities WOODCLIFF LAKE, N.J. , April 9, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today was announced as a finalist by the Business In...
POWERFLEET ANNOUNCES RESTATEMENT OF ACCOUNTING TREATMENT OF LEGACY CONVERTIBLE PREFERRED STOCK INSTRUMENT, WHICH HAS NO ADVERSE IMPACT ON PREVIOUSLY REPORTED REVENUE, CASH FLOW OR ADJUSTED EBITDA
WOODCLIFF LAKE, N.J. , April 5, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced its intention to adjust its historical accounting treatment for the redemption premium associated w...
Powerfleet and MiX Telematics Close Business Combination, Creating New Top-Tier Global AIoT SaaS Provider
A Scaled Day-One Business with Total Revenue of $284 Million, Including $215 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 65% Combined Customer Base Begins with...
Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results
Fourth quarter total revenue of $34.5 million, up 9% YoY (constant currency), posting the best revenue quarter result in six quarters Fourth quarter service revenue increased 16% YoY (constant currenc...
Powerfleet and MiX Telematics Receive Shareholder Approval for Proposed Business Combination
WOODCLIFF LAKE, N.J. , Feb. 28, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced they have received shareholder approval on the pr...
Powerfleet Sets Fourth Quarter and Full Year 2023 Conference Call for Tuesday, March 12, 2024, at 8:30 a.m. ET
WOODCLIFF LAKE, N.J. , Feb. 27, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) will hold a conference call on Tuesday, March 12, 2024, at 8:30 a.m.
Powerfleet and MiX Telematics Announce Shareholders Meetings to Vote on Proposed Business Combination
Completion of Regulatory Milestones Results in Scheduled Shareholders Meetings WOODCLIFF LAKE, N.J. , Jan. 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MI...
Powerfleet Launches AI-Powered Solution to Revolutionize Pedestrian Safety
The Pedestrian Proximity Detection offering meets growing demand to create safer workplaces worldwide WOODCLIFF LAKE, N.J. , Dec. 7, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today launched...
Powerfleet Named a Top Innovator by ABI Research
ABI Research released commercial video telematics report recognizing Powerfleet for its innovation WOODCLIFF LAKE, N.J. , Dec. 5, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced i...
MiX Telematics and Powerfleet to Present at the Raymond James TMT and Consumer Conference on December 5, 2023
BOCA RATON, Fla. & WOODCLIFF LAKE, N.J.--(BUSINESS WIRE)--MiX Telematics Limited (NYSE: MIXT, JSE: MIX) and Powerfleet (Nasdaq: PWFL) announced that they will be presenting at the Raymond James TMT an...
Powerfleet Reports Third Quarter and Nine Month 2023 Financial Results
Q3 2023 total revenue increased 7% sequentially to $34.2 million, marking the highest revenue performance in four quarters Company's SaaS-centric business model transformation continues at pace with h...
Powerfleet Joins U.S. Department of Transportation Effort to Improve Road Safety
National campaign is aimed at developing solutions to reduce serious injuries and create a future with zero roadway fatalities WOODCLIFF LAKE, N.J. , Nov. 2, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nas...
Powerfleet Sets Third Quarter 2023 Conference Call for Thursday, November 9, 2023 at 8:30 a.m. ET
WOODCLIFF LAKE, N.J. , Oct. 31, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Thursday, November 9, 2023 at 8:30 a.m.
Powerfleet and MiX Telematics to Host Joint Investor Day on November 16, 2023
WOODCLIFF LAKE, N.J. , Oct. 30, 2023 /PRNewswire/ -- PowerFleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) will host a joint Investor Day with financial analysts and instit...
Keller North America Delivers on Brand Promise with Powerfleet
Data insights from IoT devices and SaaS platform for fleet management strengthens business operations for world-renowned construction contractor WOODCLIFF LAKE, N.J. , Oct. 24, 2023 /PRNewswire/ -- Ke...
POWERFLEET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of PowerFleet, Inc. - PWFL
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of PowerFleet, In...
PWFL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of PowerFleet, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of PowerFleet, Inc. (NASDAQ: PWFL) and MiX Telematics Limited is fair to PowerFleet shareh...
Powerfleet and MiX Telematics Announce Transformative Business Combination
Combination Expected to Create Top-Tier Global Provider in Mobile Asset IoT Industry with Unparalleled Artificial Intelligence Enhanced SaaS Solution Portfolio ~1.7 Million Combined Subscriber Base Ex...
Powerfleet Reports Second Quarter and First Half 2023 Financial Results
Strong Growth in High Margin SaaS Revenues with Company Positioned for Accelerated Growth in Second Half of 2023 Second Quarter 2023 Service Revenue was 66% of Total Revenue, up from 57% in the Prior ...
Powerfleet Sets Second Quarter 2023 Conference Call for Tuesday, August 8, 2023 at 8:30 a.m. ET
WOODCLIFF LAKE, N.J., July 31, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Tuesday, August 8, 2023 at 8:30 a.m. Eastern (5:30 a.m. Pacific) to discuss resu...
Powerfleet Unveils Sustainability Data-Powered Application
New data visualization solution drives corporate ESG initiatives by unifying business operations and powering the electrification of fleets New data visualization solution drives corporate ESG initiat...
Powerfleet Reports First Quarter 2023 Financial Results
Total GAAP Services Revenue Grows 9%, Increasing to 62% of Total Revenue and up 17% YoY on a Constant Currency Basis
New Data-Powered Safety and Security Application from Powerfleet to Save Lives, Time, and Money for Fleets Worldwide
Solution brings together multiple data sources to enhance driver management, prevent theft, and features first-of-its-kind collision reconstruction capabilities Solution brings together multiple data ...
Powerfleet Reports Full Year 2022 and Fourth Quarter Financial Results
WOODCLIFF LAKE, N.J., March 09, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performan...