Core Insights - Powerfleet, Inc. reported a 45% year-over-year increase in Q3 revenue, reaching $106 million, with service revenue accounting for 77% of total revenue [1][6][7] - Adjusted EBITDA rose 77% to $22.5 million, driven by the Fleet Complete acquisition and organic growth, with a run rate exceeding $85 million [1][10][17] - The company has increased its FY25 full-year guidance by $10 million for revenue and $2.5 million for adjusted EBITDA, now expecting annual revenue to exceed $362.5 million [12][17] Financial Performance - Total revenue increased to $106.4 million, with service revenue growing 45% to $81.7 million and product revenue rising 42% to $24.7 million [6][7] - Gross profit increased by 44% to $58.8 million, with adjusted gross margins exceeding 60%, up from 55.5% in the prior year [8][7] - Adjusted service gross margins approached 70%, while product margins improved to 30.6% [8][7] Strategic Developments - The post-M&A integration of Fleet Complete is ahead of schedule, positioning the company for double-digit growth in FY26 [2][4] - The integration process is well underway, with a cost synergy program targeting over $16 million by fiscal year-end [5] - The acquisition of Fleet Complete has expanded market opportunities through partnerships with leading telecommunications providers [5] Operational Highlights - The company exited the quarter with over 2.6 million recurring revenue subscribers [7] - Significant sales growth was noted in AI camera solutions, with a 52% year-over-year increase through the largest channel partner [5] - A major contract with a leading beverage company in North America has a long-term revenue potential of $25 million to $30 million [5] Debt and Financial Outlook - Net debt at the end of the quarter was $229.7 million, below the year-end guidance of $235 million [11] - The company expects adjusted EBITDA to exceed $75 million, inclusive of $5 million in secured annualized run-rate synergies [17]

Core Insights - Powerfleet, Inc. will hold a conference call on February 10, 2025, to discuss its third quarter fiscal 2025 results, which ended on December 31, 2024 [1][2] - The conference call will be accessible via toll-free and international numbers, and will also be available for replay on the company's investor website [2] - Powerfleet is a leader in the AIoT SaaS mobile asset industry, focusing on unifying business operations through data integration and providing actionable insights [3] Company Overview - Powerfleet has over 30 years of experience in the industry and aims to help companies save lives, time, and money through its innovative solutions [3] - The company is headquartered in New Jersey, USA, and has a primary listing on the Nasdaq Global Market, with a secondary listing on the Johannesburg Stock Exchange [3]

Core Insights - Powerfleet, Inc. is scheduled to present at the 27th Annual Needham Growth Conference on January 14th at 4:30pm ET, focusing on how the company is driving business change through data insights and supporting digital transformations for its customers [1]. Company Overview - Powerfleet is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, with over 30 years of experience [3]. - The company integrates and harmonizes data from various sources to provide actionable insights, helping businesses save lives, time, and money [3]. - Powerfleet emphasizes a people-centric approach to empower customers for sustained business improvement and innovation [3]. - The company is headquartered in New Jersey, United States, and has a primary listing on the Nasdaq Global Market and a secondary listing on the Johannesburg Stock Exchange (JSE) [3].

Core Insights - Powerfleet, Inc. has appointed Mike Powell as Chief Innovation Officer (CINO) to enhance customer solutions and internal operations [1][2] - Powell's extensive experience in digital transformation and AI-driven growth will be crucial for advancing Powerfleet's innovation agenda [2][3] - The company aims to integrate internal transformation with customer technologies and improve its Unity AIoT ecosystem under Powell's leadership [2][4] Company Developments - Steve Towe, CEO of Powerfleet, emphasized the importance of Powell's experience in customer-centric innovation and technology development for the company's digital transformation [3] - Frank Friesacher will now lead the execution of Powerfleet's technology roadmap following Powell's appointment [3] - Jim Zeitunian, the former Chief Technology Officer, is leaving the company to pursue new opportunities, and Powerfleet expressed gratitude for his contributions [4] Strategic Focus - Powerfleet is committed to continuous innovation and data-driven changes to optimize customer business performance globally [4] - The company aims to enhance efficiency, growth, and success through transformative digital solutions in an increasingly connected world [4] - Powerfleet's ethos focuses on unifying business operations and delivering actionable insights to help companies save lives, time, and money [5]

Group 1 - The Industrial IoT market is experiencing significant growth, with a projected compound annual growth rate (CAGR) of 17% and expected to reach $2.1 trillion by 2034 [3] - This growth is primarily driven by asset-heavy industries, including transportation, construction, and manufacturing [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ————————— FORM 10-Q ————————— (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-39080 POWERFLEET, INC. (Exact name of registrant as specified in its charter) | --- | --- | - ...

PowerFleet, Inc. (NASDAQ:AIOT) Q2 2025 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Carolyn Capaccio - Investor Relations Steve Towe - Chief Executive Officer David Wilson - Chief Financial Officer Conference Call Participants Scott Searle - Roth Capital Gary Prestopino - Barrington Research Anthony Stoss - Craig-Hallum Dylan Becker - William Blair Alexander Sklar - Raymond James Greg Gibas - Northland Securities Operator Greetings. Welcome to the PowerFleet's Second Quarter 20 ...

PowerFleet (AIOT) reported $77.02 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 125.2%. EPS of -$0.02 for the same period compares to -$0.09 a year ago.The reported revenue represents a surprise of +3.32% over the Zacks Consensus Estimate of $74.54 million. With the consensus EPS estimate being -$0.01, the EPS surprise was -100.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

Exhibit 99.1 POWER@FLEET Powerfleet Reports Second Quarter 2025 Financial Results Q2 FY25 revenue up 7%, to $77.0 million, and Adjusted EBITDA up +41%, to $14.5 million year-over-year, demonstrating continued strong execution of the immediate business objectives post-MiX combination. First half FY25 results exceeded expectations with revenue up 9%, to $152.4 million and Adjusted EBITDA up 46% year-over -year, to $28.2 million. 50% of the planned two-year annualized cost synergy target of $27 million secured ...

Q2 FY25 revenue up 7%, to $77.0 million, and Adjusted EBITDA up 41%, to $14.5 million year-over-year, demonstrating continued strong execution of the immediate business objectives post-MiX combination.First half FY25 results exceeded expectations with revenue up 9%, to $152.4 million and Adjusted EBITDA up 46% year-over -year, to $28.2 million. 50% of the planned two-year annualized cost synergy target of $27 million secured within 6 months of the close of the MiX combination.WOODCLIFF LAKE, N.J., Nov. 12, ...