---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039982"
form_type: "8-K"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:15:29.632213+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PowerFleet Q3 revenue $34.2M (+7% seq); adj EBITDA triples to $2.0M; MiX deal to double revenue

## Summary
- Q3 total revenue $34.2M, up 7% sequentially; service revenue up 11% YoY constant currency to $21.0M.
- Adjusted EBITDA $2.0M, triple Q2, driven by $4M annual cost cuts absorbing Movingdots expenses.
- Net loss $(5.0)M ($0.14/share); cash $19.6M at quarter end.
- Announced MiX Telematics combination expected to increase annual revenue from ~$135M to ~$280M and subscribers to 1.8M.
- North America total revenue up 12% YoY; subscriber count 707,342 (+8% YoY).

## SEC filing metadata
- accession: 0001493152-23-039982
- form_type: 8-K
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315223039982/0001493152-23-039982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315223039982/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039982
- JSON: https://secwatch.observer/filing/0001493152-23-039982.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039982.txt

## Key facts
- Earnings Releases
  Powerfleet, Inc. reported the third quarter ended September 30, 2023 results: revenue total revenue of $34.2 million, net income Net loss attributable to common stockholders totaled $(5.0) million, or $(0.14) per basic and diluted share, EPS $(0.14) per basic and diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: total revenue of $34.2 million
  - Net income: Net loss attributable to common stockholders totaled $(5.0) million, or $(0.14) per basic and diluted share
  - EPS: $(0.14) per basic and diluted share
  - Result: reported results
  source text: --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Powerfleet Reports Third Quarter and Nine Month 2023 Financial Results Q3 2023 total revenue increased 7% sequentially to $34.2 million, marking the highest revenue performance in four quarters Company’s SaaS-centric business model transformation continues at pace with high-margin service revenue increasing 11%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1774170/000149315223039982/0001493152-23-039982-index.htm
- Earnings Releases
  Powerfleet, Inc. reported financial results for the nine months ended September 30, 2023.
  - Period: the nine months ended September 30, 2023
  - Result: reported results
  source text: Powerfleet, Inc. (Nasdaq: PWFL), reported results for the third quarter and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1774170/000149315223039982/0001493152-23-039982-index.htm

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