See more : BC Technology Group Limited (0863.HK) Income Statement Analysis – Financial Results
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 |
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PowerFleet, Inc. (PWFL) CEO Steve Towe on Q1 2022 Results - Earnings Call Transcript
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