earnings
confidence high
sentiment positive
materiality 0.75
Powerfleet Q1 FY27 revenue up 6.4% to $110.8M, adjusted EBITDA $21.5M, updates FY27 guidance
Powerfleet, Inc.
- Revenue $110.8M (+6.4% YoY); services revenue $94.3M (+9.1%, 85% of total); gross margin 55.2% vs 54.2%.
- Net loss improved to $8.4M ($0.06 loss/share) from $10.2M ($0.08); adjusted EBITDA $21.5M (+6.9%).
- South African National Treasury: >$27M ARR near-term, >70k vehicles for immediate deployment (7x original), expected 80-90k in two quarters.
- FY27 guidance: revenue $468-473M, adjusted EBITDA $111-114M, net loss $6-8M, FCF $20-23M.
- Leadership: Paul Lalljie named President & CFO, Vishal Vallabha Chief AI Officer; David Wilson to consult.