PWFL - Earnings announcements

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. Eastern time (5:30 a.m. Pacific time) to discuss results for the second quarter fiscal 2025 ended September 30, 2024. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Tuesday, November 12, 2024Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International:

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. Eastern Time, to discuss the previously announced acquisition of Fleet Complete by Powerfleet, which immediately creates an undisputed top tier leader in the global AIoT SaaS industry. Attendees will hear from key members of the Powerfleet and Fleet Complete leadership teams as they discuss their excitement for the combination's enhanced market position, focusing on the better together plan for customers, shareholde

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 Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 on or before August 23rd WOODCLIFF LAKE, N.J., Aug. 19, 2024 /PRNewswire/ -- Powerfleet, Inc. (NASDAQ:AIOT) today announced that, on August 16, 2024, it received a letter from the U.S. Securities and Exchange Commission (SEC) indicating that the SEC has completed its review regarding Powerfleet's determination that it is the accounting acquirer in the recent business combination with MiX Telematics Ltd.

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. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter fiscal 2025 ended June 30, 2024. This will represent the first quarterly report for the combined company following Powerfleet's combination with Mix Telematics Ltd. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session

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 Telematics, which created a top-tier global AIoT SaaS provider with total revenue of $284 million and EBITDA of $43 million, as well as the opportunity to reach Rule of 40 performance within two years. The chat will take place on Tuesday, April 30, 2024, with presentations scheduled to begin at 9:30 a.m. Eastern time, followed by a Q&A session, with the event scheduled to end at approximately 11:00 a.m. Eastern time.

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 currency) and full year '23 service revenue increased 14% YoY (constant currency), demonstrating the company's transformation to a SaaS-centric business model Fourth quarter AEBITDA increased 110% YoY while second half '23 AEBITDA increased by 141% versus first half 2023, reflecting strong gross margins and lower adjusted cash operating expenses Resounding support from shareholders and financing finalized for the business combination with MiX Telematics, with the new combined entity on track to commenc

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. Eastern time (5:30 a.m. Pacific time) to discuss results for the fourth quarter and year ended December 31, 2023. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Tuesday, March 12, 2024Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 973-528-0011Participant Access Co

Second Quarter Highlights: Net subscriber additions of 47,400, bringing the total base to over 1,089,000 subscribers Total revenue of $37.8 million, up 12% year-over-year (constant currency) Subscription revenue of $32.4 million, up 10% year-over-year (constant currency) Net income of $0.2 million, up from the $1.2 million loss in the prior year Adjusted EBITDA up 41% year-over-year to $8.5 million, at an adjusted EBITDA margin of 22.5% (up 550 basis points from the prior year) Cash and cash equivalents of $29.5 million at quarter end Net cash provided by operating activities of $8.5 million during the quarter Free cash flow of $2.1 million generated during the quart

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 Expected to Provide Immediate Scale Expected to Create a Day One Business with Total Revenue of $279 Million, Including $210 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 67% In Addition to Organic Growth, Combination is Expected to Unlock Significant Annual EBITDA Expansion Within First Two Years Expected to Deliver Significant Cross-Sell and Upsell Opportunities for Powerfleet's Unity Platform, Modular Software, and AI-Driven Data Solutions into Combined Ba

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 Period, Driving an Expansion in Total Company Gross Margins to 50% from 47% WOODCLIFF LAKE, N.J., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (NASDAQ:PWFL), reported results for the second quarter and six months ended June 30, 2023. SECOND QUARTER 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS Total service revenue increased by 13% on a constant currency basis, compared to Q2 2022.Total service revenue increased sequentially by 3.3% on a constant currency basis, demonstrating traction

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 results for the second quarter ended June 30, 2023. Financial results will be issued in a press release prior. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Tuesday, August 8, 2023Time: 8:30 a.m. Eastern (5:30 a.m. Pacific)Join the live WebcastDial-in: Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 360336 The conference call will be available for replay here and via the investor section of the company's website at

Total GAAP Services Revenue Grows 9%, Increasing to 62% of Total Revenue and up 17% YoY on a Constant Currency Basis Total Company Gross Profit Increases by $2.2 million,15% YoY Go-forward Core Business Gross Margin Expands to 53%, with Services Gross Margin Climbing to 71% Liquidity Improves with $8.7 million in Net Proceeds from the Acquisition of Movingdots WOODCLIFF LAKE, N.J., May 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 performance of mobile assets and resources to unify business operations, reported results for the first quarter ended March 31, 2023. FIRST Q

WOODCLIFF LAKE, N.J., April 25, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (NASDAQ:PWFL), will hold a conference call on Tuesday, May 9, 2023 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter ended March 31, 2023. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Tuesday, May 9, 2023 Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time) Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 351317 The conference call will be broadcast simultaneously and available for replay here and via the investor sec

Efficiency Program Yields a $5.8 million Improvement in Operating Cash Flow Performance in 2022 Strong Sales Execution Drives 13% Annual Growth in U.S. Services in 2022 Business Optimization and Focus on High Quality Revenue Drives an Absolute Sequential Increase in Gross Margin of 5% in 2H22 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 performance of mobile assets and resources to unify business operations, reported results for the fourth quarter and year ended December 31, 2022. Following the appointment of CEO Steve Towe in January 2022, th

WOODCLIFF LAKE, N.J., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (NASDAQ:PWFL) will hold a conference call on Thursday, March 9, 2023 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the fourth quarter and full year ended December 31, 2022. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Thursday, March 9, 2023Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 877-524-8416International: +1-412-902-1028 The conference call will be broadcast simultaneously and available for replay here and via the investor section of the co

Impressive Revenue Growth of 17%, Marking Fourth Consecutive Quarter of Year-Over-Year GrowthHigh Margin, Recurring and Services Revenue up 10% Year-Over-Year to $20.3 Million, Reflecting Company's Success Driving SaaS and Software RevenueGross Profit Improves by 20% Year-Over-Year, Demonstrating Company's Laser Focus on Improving Quality Across the BusinessCost Rationalization Initiatives Drive 23% Sequential Improvement in Loss from Operations, an Improvement of 68% from Q1 2022Strong Nine Month 2022 Financial Results and Improved Gross Profit Reflect Company's Focus on Generating Profitable Growth WOODCLIFF LAKE, N. J. , Nov. 08, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (NASDAQ:PWFL),

WOODCLIFF LAKE, N.J., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (NASDAQ:PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, will hold a conference call on Tuesday, November 8, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the third quarter ended September 30, 2022. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Tuesday, November 8, 2022Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free:

Quarterly Revenue of $34.6 Million, Marking Third Consecutive Quarter of Year-Over-Year Revenue GrowthHigh Margin, Recurring and Services Revenue up 9% Year-Over-Year to $19.8 Million, Reflecting Company's Focus on Driving SaaS and Software RevenueRationalization Initiatives Drive 58% Sequential Improvement in Loss from OperationsStrong First Half 2022 Financial Results, Position Company for Growth, and Improved Profitability for Full Year 2022 WOODCLIFF LAKE, N.J., Aug. 08, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, reported results for the second quarter en

WOODCLIFF LAKE, N.J., July 27, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, has adjusted the timing of its second quarter conference call from Wednesday, August 3, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to Monday, August 8, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time). Financial results for the second quarter ended June 30, 2022 will be issued in a press release prior to the call. PowerFleet management will host the presentation, followed by a question-and-answer session. Date: Monday, August 8, 2022Time: 8:30 a.m. Eastern time (5:3

WOODCLIFF LAKE, N.J., July 13, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, will hold a conference call on Wednesday, August 3, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the second quarter ended June 30, 2022. Financial results will be issued in a press release prior to the call. PowerFleet management will host the presentation, followed by a question-and-answer session. Date: Wednesday, August 3, 2022 Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time) Toll Free: (877) 524-8416 International: +1 (412) 902-1028 The co

WOODCLIFF LAKE, N.J., May 10, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of SaaS-based data insight solutions that manage enterprise assets for seamless business operations, reported results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights Total revenue was $33.2 million, up 14% year-over-year.High margin, recurring and services revenue increased 7% year-over-year to $18.8 million, or 57% of total revenue.$20.9 million in cash and cash equivalents and working capital of $40.5 million at quarter-end. Management Commentary "The first quarter marked a solid start to the year, highlighted by 14% year-over-year revenue

WOODCLIFF LAKE, N.J., April 26, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of SaaS-based data insight solutions that manage enterprise assets for seamless business operations, will hold a conference call on Tuesday, May 10, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter ended March 31, 2022. Financial results will be issued in a press release prior to the call. PowerFleet management will host the presentation, followed by a question-and-answer session. Date: Tuesday, May 10, 2022Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 973-528-0011Entry code: 949768 The confe

WOODCLIFF LAKE, N.J, April 07, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of SaaS-based data insight solutions that manage enterprise assets for seamless business operations, today announced that Chief Financial Officer (CFO) Ned Mavrommatis will be leaving the Company on May 15, 2022 to pursue another opportunity. PowerFleet has the option for Mavrommatis to provide consulting services beyond May 15, 2022, until the Company appoints a new CFO. PowerFleet has initiated a search process with an executive search firm for a new CFO to execute on the Company's long-term growth plans. PowerFleet Global Controller Joaquin Fong will manage the day-to-day global fina

WOODCLIFF LAKE, N.J., March 09, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of subscription-based wireless solutions that manage enterprise assets for seamless business operations, reported results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Financial Highlights Total revenue was $34.4 million, up 17% year-over-year.High margin, recurring and services revenue increased 10.5% year-over-year to $19.1 million, or 56% of total revenue.Strong balance sheet with $26.8 million in cash and cash equivalents and working capital of $43.6 million at quarter-end. Full Year 2021 Financial Highlights Total revenue was $126.2 million,

WOODCLIFF LAKE, N.J., Feb. 23, 2022 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader of subscription-based wireless solutions that manage enterprise assets for seamless business operations, will hold a conference call on Wednesday, March 9, 2022 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the fourth quarter and full year ended December 31, 2021. Financial results will be issued in a press release prior to the call. PowerFleet management will host the presentation, followed by a question-and-answer session. Date: Wednesday, March 9, 2022Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 973-528-0011En

WOODCLIFF LAKE, N.J., Nov. 04, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, reported results for the third quarter and nine months ended September 30, 2021. Third Quarter 2021 Financial Highlights Total revenue was $29.2 million, up 6% year-over-year.High margin, recurring and services revenue increased 10% year-over-year to $18.5 million, or 63% of total revenue.At quarter end, cash and cash equivalents totaled $33.8 million and working capital was $49.4 million. Nine Month 2021 Financial Highlights Total

WOODCLIFF LAKE, N.J., Oct. 22, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, will hold a conference call on Thursday, November 4, 2021 at 8:00 a.m. Eastern time (5:00 a.m. Pacific time) to discuss results for the third quarter ended September 30, 2021. Financial results will be issued in a press release prior to the call. PowerFleet management will host the presentation, followed by a question-and-answer session. Date: Thursday, November 4, 2021Time: 8:00 a.m. Eastern time (5:00 a.m. Pacific time)Toll Free: 888-506-00

WOODCLIFF LAKE, N.J., Aug. 05, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, reported results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights Total revenue was $33.5 million, a 30% increase year-over-year.High margin, recurring and services revenue was $18.1 million, or 54% of total revenue.At quarter end, cash and cash equivalents totaled $39.9 million and $53.3 million of working capital. Second Quarter 2021 and Recent Operational Highlights Launched ‘V

WOODCLIFF LAKE, N.J., July 21, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (NASDAQ:PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, will hold a conference call on Thursday, August 5, 2021 at 8:30 a.m. Eastern time to discuss results for the second quarter ended June 30, 2021. Financial results will be issued in a press release the same day, before the call. PowerFleet management will host the presentation, followed by a question and answer session. Date: Thursday, August 5, 2021Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)Toll Free: 888-506-0062International: 973-