---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027103"
form_type: "8-K"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:29:14.590883+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PowerFleet Q2 2023 revenue $32.1M; services revenue 66% of total; net loss $4.3M

## Summary
- Total revenue $32.1M (down 7% YoY) as product sales decrease offset service revenue growth of 13% constant currency.
- Services revenue $21M (66% of total) vs 57% prior year; core service gross margin 71%.
- Net loss attributable to common stockholders $4.3M ($0.12/sh) vs $1.3M ($0.04/sh) in Q2 2022.
- Adjusted EBITDA $647K vs $3.3M prior year; EBITDA improved sequentially 31% to $1.8M pro forma for Movingdots.
- Subscriber count 697,177, up 9% YoY; cost savings of $4M annualized to make Movingdots EBITDA neutral exiting Q3.

## SEC filing metadata
- accession: 0001493152-23-027103
- form_type: 8-K
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315223027103/0001493152-23-027103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315223027103/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027103
- JSON: https://secwatch.observer/filing/0001493152-23-027103.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027103.txt

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