Complete financial analysis of PowerFleet, Inc. (PWFL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of PowerFleet, Inc., a leading company in the Communication Equipment industry within the Technology sector.
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PowerFleet, Inc. (PWFL)
About PowerFleet, Inc.
PowerFleet, Inc. provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications. It also provides hosting, maintenance, and support and consulting services; and Software as a Service, including system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company offers its products under the PowerFleet, Pointer, and Cellocator brands. It sells its products to commercial and government sectors in manufacturing, automotive manufacturing, wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, aerospace and defense, homeland security, and vehicle rental, logistics, shipping, and freight transportation markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and industrial equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 133.74M | 135.16M | 126.21M | 113.59M | 81.92M | 53.06M | 40.96M | 36.82M | 41.78M | 45.63M | 39.95M | 44.64M | 39.29M | 25.86M | 10.32M | 27.05M | 17.08M | 24.74M | 19.00M | 13.74M | 7.96M | 5.54M | 923.00K | 945.00K | 5.56M |
| Cost of Revenue | 66.66M | 70.99M | 66.03M | 54.58M | 43.55M | 27.27M | 20.03M | 18.53M | 24.76M | 25.63M | 22.04M | 21.71M | 18.72M | 11.44M | 5.55M | 13.47M | 8.93M | 13.70M | 9.71M | 6.51M | 4.08M | 2.43M | 548.00K | 606.00K | 3.07M |
| Gross Profit | 67.08M | 64.17M | 60.18M | 59.02M | 38.36M | 25.80M | 20.93M | 18.29M | 17.02M | 20.01M | 17.91M | 22.93M | 20.57M | 14.42M | 4.76M | 13.58M | 8.15M | 11.04M | 9.30M | 7.23M | 3.88M | 3.11M | 375.00K | 339.00K | 2.49M |
| Gross Profit Ratio | 50.16% | 47.48% | 47.69% | 51.95% | 46.83% | 48.62% | 51.09% | 49.68% | 40.74% | 43.84% | 44.84% | 51.37% | 52.35% | 55.76% | 46.16% | 50.21% | 47.73% | 44.62% | 48.92% | 52.63% | 48.80% | 56.17% | 40.63% | 35.87% | 44.81% |
| Research & Development | 8.38M | 8.96M | 11.06M | 10.60M | 8.54M | 6.86M | 3.97M | 4.54M | 4.56M | 6.65M | 4.39M | 4.34M | 3.53M | 4.43M | 2.60M | 2.88M | 2.85M | 2.64M | 1.63M | 1.23M | 891.00K | 938.00K | 1.04M | 1.75M | 232.00K |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 71.03M | 63.00M | 57.10M | 51.88M | 29.81M | 24.67M | 21.05M | 20.13M | 22.75M | 25.09M | 21.77M | 22.41M | 22.00M | 23.33M | 16.54M | 16.76M | 15.96M | 12.94M | 7.14M | 5.88M | 4.46M | 3.84M | 3.55M | 4.04M | 2.12M |
| Other Expenses | -29.00K | 24.00K | 8.00K | -102.00K | 3.34M | -165.00K | -1.00K | 6.00K | -11.00K | 37.00K | 51.00K | 59.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 116.00K | 101.00K |
| Operating Expenses | 79.41M | 71.97M | 68.16M | 62.48M | 41.69M | 31.53M | 25.02M | 24.66M | 27.31M | 32.18M | 26.16M | 26.75M | 25.53M | 27.76M | 19.15M | 19.64M | 18.81M | 15.58M | 8.77M | 7.11M | 5.35M | 4.77M | 4.59M | 5.90M | 2.45M |
| Cost & Expenses | 146.07M | 142.95M | 134.18M | 117.05M | 85.24M | 58.80M | 45.05M | 43.19M | 52.07M | 57.81M | 48.19M | 48.46M | 44.25M | 39.20M | 24.70M | 33.11M | 27.74M | 29.28M | 18.47M | 13.62M | 9.42M | 7.20M | 5.14M | 6.51M | 5.52M |
| Interest Income | 103.00K | 71.00K | 45.00K | 55.00K | 125.00K | 262.00K | 253.00K | 285.00K | 342.00K | 566.00K | 635.00K | 507.00K | 243.00K | 675.00K | 933.00K | 2.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.60M | 1.70M | 1.95M | 2.33M | 948.00K | 173.00K | 342.00K | 293.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 56.00K | 130.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 12.26M | 8.26M | 8.55M | 8.43M | 3.35M | 1.56M | 1.13M | 685.00K | 718.00K | 2.22M | 2.17M | 2.19M | 2.37M | 2.44M | 533.00K | 540.00K | 544.00K | 468.00K | 362.00K | 349.00K | 173.00K | 201.00K | 163.00K | 116.00K | 101.00K |
| EBITDA | -75.00K | 563.00K | 631.00K | 4.92M | 98.00K | -4.08M | -2.71M | -5.39M | -9.57M | -9.96M | -6.08M | -1.63M | -2.35M | -11.00M | -14.24M | -5.19M | -10.20M | -4.23M | 742.00K | 321.00K | -1.34M | -1.46M | -4.05M | -5.45M | 136.00K |
| EBITDA Ratio | -0.06% | 0.42% | 0.50% | 4.33% | 0.12% | -7.69% | -6.61% | -14.64% | -22.89% | -21.83% | -15.21% | -3.66% | -5.98% | -42.55% | -138.06% | -19.17% | -59.73% | -17.10% | 3.90% | 2.34% | -16.89% | -26.30% | -439.00% | -576.40% | 2.45% |
| Operating Income | -12.33M | -7.70M | -7.92M | -3.51M | -3.25M | -5.74M | -4.09M | -6.37M | -10.28M | -12.18M | -8.25M | -3.82M | -4.96M | -13.33M | -14.39M | -6.06M | -10.66M | -4.54M | 531.00K | 119.00K | -1.46M | -1.66M | -4.22M | -5.56M | 35.00K |
| Operating Income Ratio | -9.22% | -5.70% | -6.28% | -3.09% | -3.97% | -10.81% | -9.99% | -17.29% | -24.61% | -26.69% | -20.65% | -8.56% | -12.62% | -51.56% | -139.44% | -22.42% | -62.39% | -18.36% | 2.79% | 0.87% | -18.38% | -29.92% | -456.66% | -588.68% | 0.63% |
| Total Other Income/Expenses | 7.51M | 1.09M | -2.76M | -4.51M | -6.43M | -76.00K | -90.00K | -639.00K | -9.00K | 603.00K | 686.00K | 566.00K | 530.00K | 104.00K | 390.00K | -338.00K | 89.00K | 155.00K | 151.00K | 147.00K | 54.00K | 0.00 | 307.00K | 709.00K | 321.00K |
| Income Before Tax | -5.05M | -6.71M | -10.69M | -7.97M | -11.06M | -5.81M | -4.18M | -6.37M | -9.95M | -11.58M | -7.56M | -3.25M | -4.43M | -13.23M | -14.00M | -6.40M | -10.57M | -4.39M | 682.00K | 266.00K | -1.41M | 0.00 | -3.91M | -4.85M | 356.00K |
| Income Before Tax Ratio | -3.78% | -4.96% | -8.47% | -7.02% | -13.50% | -10.95% | -10.21% | -17.30% | -23.82% | -25.37% | -18.93% | -7.29% | -11.27% | -51.16% | -135.66% | -23.67% | -61.87% | -17.74% | 3.59% | 1.94% | -17.70% | 0.00% | -423.40% | -513.65% | 6.41% |
| Income Tax Expense | 589.00K | 296.00K | 2.61M | 1.04M | -75.00K | 97.00K | -311.00K | 299.00K | -342.00K | -566.00K | -63.00K | -662.00K | -390.00K | -723.00K | -1.19M | -1.89M | -3.32M | -2.93M | -320.00K | -279.00K | -264.00K | -275.00K | 0.00 | 77.00K | 149.00K |
| Net Income | -5.68M | -7.00M | -13.29M | -9.01M | -10.98M | -5.81M | -3.87M | -6.37M | -9.95M | -11.58M | -7.50M | -2.59M | -4.04M | -12.61M | -13.19M | -4.18M | -7.34M | -1.62M | 851.00K | 398.00K | -1.20M | -1.38M | -3.91M | -4.93M | 207.00K |
| Net Income Ratio | -4.24% | -5.18% | -10.53% | -7.93% | -13.41% | -10.95% | -9.45% | -17.30% | -23.82% | -25.37% | -18.77% | -5.81% | -10.28% | -48.76% | -127.88% | -15.44% | -42.97% | -6.53% | 4.48% | 2.90% | -15.06% | -24.96% | -423.40% | -521.80% | 3.73% |
| EPS | -0.16 | -0.20 | -0.38 | -0.30 | -0.54 | -0.34 | -0.26 | -0.49 | -0.79 | -0.96 | -0.63 | -0.22 | -0.36 | -1.12 | -1.20 | -0.38 | -0.66 | -0.15 | 0.11 | 0.05 | -0.17 | -0.21 | -0.67 | -1.08 | 0.05 |
| EPS Diluted | -0.16 | -0.20 | -0.38 | -0.30 | -0.54 | -0.34 | -0.26 | -0.49 | -0.79 | -0.96 | -0.63 | -0.22 | -0.36 | -1.12 | -1.20 | -0.38 | -0.66 | -0.15 | 0.09 | 0.05 | -0.17 | -0.21 | -0.67 | -0.86 | 0.04 |
| Weighted Avg Shares Out | 35.63M | 35.39M | 34.57M | 29.70M | 20.48M | 17.23M | 14.96M | 12.98M | 12.61M | 12.10M | 11.91M | 11.74M | 11.16M | 11.24M | 10.99M | 10.89M | 11.21M | 10.50M | 7.77M | 7.46M | 6.91M | 6.71M | 5.84M | 4.55M | 4.55M |
| Weighted Avg Shares Out (Dil) | 35.63M | 35.39M | 34.57M | 29.70M | 20.48M | 17.23M | 14.96M | 12.98M | 12.61M | 12.10M | 11.91M | 11.74M | 11.16M | 11.24M | 10.99M | 10.89M | 11.21M | 10.50M | 9.33M | 8.78M | 6.91M | 6.71M | 5.84M | 5.72M | 5.57M |
Powerfleet Announces Change of Fiscal Year End
Files 10-K for the Year Ended December 31, 2023 Reiterates Revenue and Adjusted EBITDA Guidance for Twelve Months Ended March 31, 2024 WOODCLIFF LAKE, N.J. , May 9, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced that its board of...
Wall Street Analysts Believe PowerFleet (PWFL) Could Rally 61.8%: Here's is How to Trade
The mean of analysts' price targets for PowerFleet (PWFL) points to a 61.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PowerFleet, Inc. - PWFL
NEW YORK , May 6, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PowerFleet, Inc. ("PowerFleet" or the "Company") (NASDAQ: PWFL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Powerfleet Appoints Andrew Martin to Board of Directors
WOODCLIFF LAKE, N.J. , April 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced that Andrew Martin of Private Capital Management, LLC ("PCM"), one of the company's largest shareholders, has joined its board of directors as an independent member...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PowerFleet, Inc. - PWFL
NEW YORK , April 28, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PowerFleet, Inc. ("PowerFleet" or the "Company") (NASDAQ: PWFL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PowerFleet, Inc. - PWFL
NEW YORK , April 20, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PowerFleet, Inc. ("PowerFleet" or the "Company") (NASDAQ: PWFL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Powerfleet to Host Virtual Analyst and Investor Fireside Chat on April 30, 2024
WOODCLIFF LAKE, N.J. , April 16, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) will host a virtual fireside chat for analysts and shareholders 30 days into the business combination with MiX Telematics, which created a top-tier global AIoT SaaS provider with...
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Powerfleet Selected as an Artificial Intelligence Excellence Awards Finalist
Unity Platform Celebrated for its Innovative AIoT Capabilities WOODCLIFF LAKE, N.J. , April 9, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today was announced as a finalist by the Business Intelligence Group for the Artificial Intelligence Excellence Awards program.
POWERFLEET ANNOUNCES RESTATEMENT OF ACCOUNTING TREATMENT OF LEGACY CONVERTIBLE PREFERRED STOCK INSTRUMENT, WHICH HAS NO ADVERSE IMPACT ON PREVIOUSLY REPORTED REVENUE, CASH FLOW OR ADJUSTED EBITDA
WOODCLIFF LAKE, N.J. , April 5, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced its intention to adjust its historical accounting treatment for the redemption premium associated with its Series A convertible preferred stock, which was fully redeemed in...
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