PowerFleet, Inc. (AIOT)

PowerFleet Income Statement

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

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

Updated Jun 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q