---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-030947"
form_type: "8-K"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:14:37.494038+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Powerfleet Q3 revenue $34.3M (+17% YoY); ops loss narrows to $1.2M

## Summary
- Total revenue $34.3M (+17% YoY); recurring/services rev $20.3M (+10% YoY).
- Gross profit $17.2M (+20% YoY); product margin improved to 30% from 24% YoY.
- GAAP net loss $3.5M (-$0.10/sh); non-GAAP net income $1.5M ($0.04/sh) vs loss in prior year.
- Loss from operations improved to $(1.2)M, down 23% sequentially and 68% from Q1 2022.
- Subscribers 653k (up from 642k); cash $17.0M; expects operating profitability in H1 2023.

## SEC filing metadata
- accession: 0001493152-22-030947
- form_type: 8-K
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315222030947/0001493152-22-030947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315222030947/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-030947
- JSON: https://secwatch.observer/filing/0001493152-22-030947.json
- Plain text: https://secwatch.observer/filing/0001493152-22-030947.txt

## Key facts
- Earnings Releases
  Powerfleet, Inc. reported the third quarter ended September 30, 2022 results: revenue $34.3 million, EPS $(0.10) per basic and diluted share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $34.3 million
  - EPS: $(0.10) per basic and diluted share
  - Result: reported results
  source text: assets and resources to unify business operations, reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights ● Total revenue was $34.3 million, an increase of 17% year-over-year. ● High margin, recurring and services revenue increased 10% to $20.3 million, or 59% of total revenue. ● Product gross margin increased to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1774170/000149315222030947/0001493152-22-030947-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.