PowerFleet, Inc. (AIOT)

PowerFleet Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	391.21	362.52	134.63	133.74	135.91	125.96
Revenue Growth (YoY)	119.82%	169.28%	0.66%	-1.60%	7.90%	10.89%
Cost of Revenue	179.84	167.98	67.92	66.66	70.92	66.21
Gross Profit	211.37	194.54	66.71	67.08	64.99	59.75
Selling, General & Admin	173.76	163.43	65.35	65.4	63.49	56.5
Research & Development	17.82	16.06	8.68	8.38	8.47	11.43
Operating Expenses	191.58	179.49	74.02	73.78	71.96	67.93
Operating Income	19.79	15.04	-7.32	-6.71	-6.97	-8.17
Interest Expense	-24.43	-20.33	-2.17	-1.6	-	-2.76
Interest & Investment Income	0.82	0.93	0.34	0.1	1.07	0.05
Other Non Operating Income (Expenses)	-1.78	-1.16	-0.09	-0.03	0.02	0.01
EBT Excluding Unusual Items	-5.6	-5.52	-9.24	-8.23	-5.88	-10.88
Merger & Restructuring Charges	-24.78	-36.23	-10.8	-5.85	-	-
Other Unusual Items	-4.7	-4.7	1.8	9.03	-	-
Pretax Income	-35.08	-46.45	-18.24	-5.05	-5.88	-10.88
Income Tax Expense	3.83	4.52	0.55	0.59	0.87	1.89
Earnings From Continuing Operations	-38.9	-50.97	-18.79	-5.64	-6.75	-12.77
Minority Interest in Earnings	-0.01	-0.02	-0.05	-0.04	-0	0.01
Net Income	-38.91	-50.99	-18.84	-5.68	-6.75	-12.77
Preferred Dividends & Other Adjustments	-	0.03	19.99	11.63	10.14	9.3
Net Income to Common	-38.91	-51.01	-38.83	-17.31	-16.89	-22.07
Shares Outstanding (Basic)	126	120	36	36	35	35
Shares Outstanding (Diluted)	126	120	36	36	35	35
Shares Change (YoY)	135.96%	235.84%	0.19%	0.66%	2.38%	16.39%
EPS (Basic)	-0.31	-0.43	-1.09	-0.49	-0.48	-0.64
EPS (Diluted)	-0.31	-0.43	-1.09	-0.49	-0.48	-0.64
Free Cash Flow	-13.55	-23.35	-1.24	0.93	-2.76	-7.79
Free Cash Flow Per Share	-0.11	-0.20	-0.04	0.03	-0.08	-0.23
Gross Margin	54.03%	53.66%	49.55%	50.16%	47.82%	47.44%
Operating Margin	5.06%	4.15%	-5.43%	-5.01%	-5.13%	-6.49%
Profit Margin	-9.95%	-14.07%	-28.84%	-12.94%	-12.43%	-17.52%
Free Cash Flow Margin	-3.46%	-6.44%	-0.92%	0.70%	-2.03%	-6.19%
EBITDA	67.25	56.8	1.44	2.13	1.11	-0.05
EBITDA Margin	17.19%	15.67%	1.07%	1.60%	0.82%	-0.04%
D&A For EBITDA	47.46	41.76	8.76	8.84	8.08	8.13
EBIT	19.79	15.04	-7.32	-6.71	-6.97	-8.17
EBIT Margin	5.06%	4.15%	-5.43%	-5.01%	-5.13%	-6.49%
Revenue as Reported	391.21	362.52	134.63	133.74	135.91	125.96

Updated Aug 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q