earnings
confidence high
sentiment positive
materiality 0.80
Powerfleet Q1 preliminary revenue $75M (+10% YoY), raises FY2025 guidance; SEC comment letter delays filings
Powerfleet, Inc.
2025-Q1 EPS
reported -$0.21
vs consensus -$0.02
▼ miss
(-929.4%)
- Preliminary Q1 FY2025 revenue of ~$75M, up 10% YoY pro forma; adjusted EBITDA >$13.5M, up >40%.
- FY2025 guidance raised to revenue >$300M, adjusted EBITDA >$60M (includes incremental $5M cost synergies).
- SEC comment letter on accounting acquirer determination delays Form 10-KT and 10-Q filing; no expected cash impact.
- Subscribers reached 1.95M (+11% YoY); preliminary FY2024 pro forma revenue ~$287M, adjusted EBITDA ~$43M.
- Q1 net loss ~$23M includes $21M in one-time costs; net debt ~$114M.