Company Overview - Powerfleet, Inc. 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 in unifying business operations through data integration and actionable insights [2][13]. - The company is headquartered in New Jersey, United States, and has a commitment to innovation and a people-centric approach that empowers customers to achieve sustained business improvement [2]. Market Position and Developments - Powerfleet is set to join the small-cap Russell 2000® Index effective July 1, 2024, which reflects its evolution and deepening penetration of blue-chip customers globally [2][13]. - The ticker symbol for Powerfleet will change to "AIOT" on The Nasdaq Global Market, effective with the market opening on July 1, 2024, aligning with its identity in the AIoT sector [7][13]. Strategic Goals - The company aims to meet and exceed the SaaS Rule of 40 metrics within two years through integration and growth strategies [2]. - Powerfleet's strategy focuses on driving meaningful business change for customers through its IoT device-agnostic and AI-led data highway, Unity, which unlocks additional value creation opportunities for shareholders [2]. Industry Context - FTSE Russell indexes are widely used by institutional and retail investors for benchmarking investment performance and creating ETFs, structured products, and index-based derivatives [3][9]. - The Russell US Indexes annual reconstitution captures the 4,000 largest US stocks, ranking them by total market capitalization, which is significant for investors and market participants [14].

PowerFleet (PWFL) closed the last trading session at $5.24, gaining 24.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.43 indicates a 60.9% upside potential. The average comprises seven short-term price targets ranging from a low of $7 to a high of $10, with a standard deviation of $1.40. While the lowest estimate indicates an increase of 33.6% from the current price level, t ...

WOODCLIFF LAKE, N.J., May 23, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry, today announced that Powerfleet management is scheduled to present and meet with investors to discuss how Powerfleet is driving meaningful business change for its customers and underpinning their digital transformation at the following Spring 2024 investor conferences: The link to the live webcast of Powerfleet' ...

NEW YORK, May 16, 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. 7980. The investigation concerns whether PowerFleet and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On April 5, 2024, P ...

The recipients were recognized this week at the company's annual customer conference for their exemplary innovation and business transformation in their respective fields WOODCLIFF LAKE, N.J., May 16, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today has announced the winners of its first-ever Customer Awards at Heartbeat, its annual customer conference, now in its second year. This year's event gathered customers and partners in Chicago, Illinois to discuss the future of artificial intelligence of ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PowerFleet (PWFL) . PowerFleet currently has an average brokerage recommendation (ABR) of 1.13 ...

Group 1 - PowerFleet (PWFL) is a notable stock in the Transportation sector, currently outperforming its peers with a year-to-date return of 60.2% compared to the sector average of 0.3% [4] - The Zacks Rank for PowerFleet is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 300% increase in the consensus estimate for full-year earnings over the past quarter [3] - PowerFleet belongs to the Transportation - Services industry, which has an average loss of 5.8% this year, further highlighting its strong performance relative to its industry [5] Group 2 - Tsakos Energy (TNP) is another Transportation stock that has shown strong performance, with a year-to-date return of 30.1% and a Zacks Rank of 1 (Strong Buy) [4][5] - The Transportation group is ranked 12 within the Zacks Sector Rank, which includes 16 different groups [2] - The Transportation - Shipping industry, where Tsakos Energy operates, has seen a 17.5% increase since the beginning of the year, indicating a positive trend within that segment [6]

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K For the fiscal year ended December 31, 2023. ☐ 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) (State or other jurisdiction of (IRS Em ...

PowerFleet, Inc. (NASDAQ:PWFL) Q4 2023 Earnings Conference Call March 12, 2024 8:30 AM ET Company Participants Steve Towe - CEO David Wilson - CFO Conference Call Participants Scott Searle - ROTH MKM Mike Walkley - Canaccord Genuity Jaeson Schmidt - Lake Street Capital Markets Gary Prestopino - Barrington Research Matt Pfau - William Blair Operator Good morning. Welcome to PowerFleet's Fourth Quarter and Full-Year 2023 Conference Call. Joining us for today's presentation are the company's CEO, Steve Towe, a ...

Exhibit 10.1 EXECUTION FACILITIES AGREEMENT DATED 7 MARCH, 2024 USD85,000,000 TERM LOAN FACILITIES for POWERFLEET, INC arranged by FIRSTRAND BANK LIMITED (ACTING THROUGH ITS RAND MERCHANT BANK DIVISION) (as mandated lead arranger) CONTENTS | Clause | | Page | | --- | --- | --- | | 1. | Definitions and Interpretation | 1 | | 2. | The Facilities | 25 | | 3. | Purpose | 26 | | 4. | Conditions of Utilisation | 26 | | 5. | Utilisation | 28 | | 6. | Repayment | 29 | | 7. | Extension of Final Maturity Date | 29 | ...