Highest-materiality recent filing
Powerfleet Q4 revenue $114.5M (+11% YoY), Adj. EBITDA $26.4M (+42%); guides FY2027 rev $485-490M
Q4 revenue $114.5M (+11% YoY); services rev $92.9M (+14%); net loss improved 78% to $2.7M.
Powerfleet Q3 revenue up 7% to $113.5M, services up 11%, adjusted EBITDA +26%
Total revenue $113.5M (record, +7% YoY); services revenue $91.1M (+11% YoY, 80% of total).
Powerfleet subsidiary awarded 60-month fleet management contract by South Africa National Treasury
MiX Telematics Enterprise (Powerfleet subsidiary) awarded contract by National Treasury of South Africa.
Powerfleet Q2 FY26 revenue $111.7M, up 45% YoY; raises FY26 guidance
Total revenue record $111.7M, +45% YoY and +7% sequentially; organic revenue growth 9% YoY.
Powerfleet Q1: Services revenue up 6% sequentially; raises FY26 revenue guidance
Services revenue $86.5M (+6% seq, +53% YoY); record 83% of total revenue.
Powerfleet FY2025 revenue $362.5M (+26%), adjusted EBITDA $71M (+65%)
Total revenue $362.5M (+26% YoY); ~75% recurring SaaS; adjusted EBITDA $71M (+65%), margin 20% (+500 bps).
Powerfleet reports preliminary FY2025 revenue $362.5M (+25% YoY), adj. EBITDA $71M (+65% YoY)
Revenue ~$362.5M, +25% YoY; adjusted EBITDA ~$71M, +65% YoY, in line or ahead of guidance.
Powerfleet Q3 revenue $106.4M (+45%), adj. EBITDA $22.5M (+77%), raises FY25 guidance
Q3 total revenue $106.4M (+45% YoY); service revenue $81.7M (77% of total); product revenue $24.7M (+42%).
Powerfleet CTO resigns; appoints Mike Powell as Chief Innovation Officer
Jim Zeitunian resigns as CTO, effective January 30, 2025.
Acquisition closed Oct 1, 2024; purchase agreement dated Sep 18, 2024.
Powerfleet Q2 FY25 revenue up 7% to $77M, adjusted EBITDA +41% to $14.5M; reaffirms FY25 guidance
Total revenue $77.0M (+7% YoY); product revenue $20.3M (+13%); service revenue $56.7M (+5%).
Powerfleet closes $200M Fleet Complete acquisition, expects $400M+ revenue, $85M EBITDA
Acquired Fleet Complete for $200M using $125M term loan, $70M private placement (20M shares at $3.50), and $15M in rollover shares to OTPP.
Powerfleet to acquire Fleet Complete for $200M; expects combined revenue >$400M
Total purchase price $200M; $125M senior debt, $70M PIPE at $3.50/share, $15M stock to OTPP.
Powerfleet Q1 revenue up 10% to $75.4M, adjusted EBITDA up 52% to $13.7M
Total revenue $75.4M (+10.2% YoY); product revenue $18.7M (+29% YoY).
Received Nasdaq notices on Aug 8 and Aug 15 for failure to timely file Form 10-KT (transition period ended Mar 31, 2024) and Form 10-Q (quarter ended Jun 30, 2024).
Nasdaq notified Powerfleet on Aug 8, 2024, for failing to timely file Form 10-KT for transition period ended March 31, 2024.
Preliminary Q1 FY2025 revenue of ~$75M, up 10% YoY pro forma; adjusted EBITDA >$13.5M, up >40%.
Powerfleet dismisses EY as auditor, appoints Deloitte; cites material weaknesses
EY dismissed effective upon filing Form 10-KT for transition period Jan 1-Mar 31, 2024.
Pro forma combined net loss of $21.4M for FY2023; diluted EPS ($0.20) on 107.7M shares.
Powerfleet changes fiscal year end to March 31, files delayed 10-K, reiterates guidance
Board approved change of fiscal year end from Dec 31 to March 31, effective immediately; aligns with MiX Telematics post-combination.
Powerfleet appoints large shareholder Andrew Martin from PCM to board as independent director
Andrew Martin, partner at Private Capital Management (PCM), elected to Powerfleet board effective April 29, 2024.
Restatement corrects Series A preferred redemption premium: increases net loss by ~$5M (2021), $6M (2022), $5M (9M 2023).
Powerfleet closes MiX Telematics acquisition; pro forma revenue $284M, $215M SaaS recurring
Combined revenue of $284M includes $215M recurring SaaS revenue; service gross margins of 65%.
Powerfleet will miss extended deadline for 2023 Form 10-K filing
Previously disclosed inability to file 2023 10-K by original March 15, 2024 due date.
Powerfleet Q4 revenue $34.5M (+9% CC), AEBITDA $2.9M (+110% YoY); MiX deal on track for Apr 2
Q4 total revenue $34.5M (+9% YoY constant currency); service revenue $21.7M (+16% CC).
Powerfleet and MiX Telematics shareholders approve business combination; close expected April 2024
Shareholders approved issuance of shares to MiX holders (28,512,190 for) and increase in authorized shares to 175M.
Shareholder meetings to approve business combination set for Feb 28, 2024; PowerFleet meeting at 10 a.m. ET, MiX at 2:30 p.m. SAST.
PowerFleet Q3 revenue $34.2M (+7% seq); adj EBITDA triples to $2.0M; MiX deal to double revenue
Q3 total revenue $34.2M, up 7% sequentially; service revenue up 11% YoY constant currency to $21.0M.
PowerFleet to acquire MiX Telematics in stock deal; MiX holders to own ~65.5%
MiX shareholders receive 0.12762 PowerFleet shares per ordinary share (or 3.19056 per ADS).
PowerFleet Q2 2023 revenue $32.1M; services revenue 66% of total; net loss $4.3M
Total revenue $32.1M (down 7% YoY) as product sales decrease offset service revenue growth of 13% constant currency.
Services revenue $20.4M, up 9% GAAP and 17% constant currency YoY; total revenue $32.8M.
PowerFleet acquires Movingdots from Swiss Re for €1 plus 800K-share warrant
Consideration: €1 plus 10-year warrant to buy 800,000 shares at $7.00 per share.
PowerFleet reports FY22 revenue $135.2M up 7%, acquires Movingdots, explores strategic alternatives
FY22 revenue $135.2M (+7% YoY); services revenue $78.8M (+8%); GAAP net loss improved to $7.0M from $13.3M.
Effective May 29, 2026, Mike Powell will depart from his role as Chief Innovation Officer of Powerfleet, Inc.
On January 2, 2025, Jim Zeitunian notified Powerfleet, Inc. (the “Company”) of his resignation as Chief Technology Officer of the Company. Mr. Zeitunian will be leaving the Company effective as of January 30, 2025.
On April 29, 2024, Andrew Martin was elected to the Board of Directors (the “Board”) of Powerfleet, Inc. (the “Company”).
Anders Bjork, Michael Casey, Charles Frumberg, Elchanan Maoz and Medhini Srinivasan resigned as directors of the Company
Anders Bjork, Michael Casey, Charles Frumberg, Elchanan Maoz and Medhini Srinivasan resigned as directors of the Company
Anders Bjork, Michael Casey, Charles Frumberg, Elchanan Maoz and Medhini Srinivasan resigned as directors of the Company
Anders Bjork, Michael Casey, Charles Frumberg, Elchanan Maoz and Medhini Srinivasan resigned as directors of the Company
Anders Bjork, Michael Casey, Charles Frumberg, Elchanan Maoz and Medhini Srinivasan resigned as directors of the Company
Ian Jacobs and Michael McConnell were appointed to the board of directors of the Company
Ian Jacobs and Michael McConnell were appointed to the board of directors of the Company
On April 4, 2023, Patrick Maley notified PowerFleet, Inc. (the “Company”) of his resignation as Chief Revenue Officer of the Company.
On January 4, 2023, the Company announced that David Wilson was appointed as the Chief Financial Officer of the Company, effective as of January 4, 2023.
Max materiality 1.00 · Median 0.68 · Most common event earnings