Core Viewpoint - Powerfleet, Inc. reported strong preliminary financial results for fiscal year 2025, with significant growth in adjusted EBITDA and total revenue, while providing a tempered outlook for fiscal year 2026 due to external macroeconomic factors [2][4][5]. Fiscal Year 2025 Results - Powerfleet achieved a 65% growth in adjusted EBITDA and a 25% increase in total revenue, including 7% organic growth in its core business [2][6]. - Total revenue for fiscal year 2025 is expected to be approximately $362.5 million, aligning with previous guidance [6]. - Adjusted EBITDA is projected to be around $71 million, reflecting a 65% year-over-year growth [6]. - The company realized $16 million in annual cost synergies, with $11 million recognized within the fiscal year [6]. Fiscal Year 2026 Outlook - For fiscal year 2026, Powerfleet anticipates total revenue growth in the range of 20% to 25%, with a revenue base of $352.5 million [7]. - Adjusted EBITDA growth is expected to be between 45% and 55% [7]. - The company acknowledges external headwinds, including tariff-related pressures and extended customer decision cycles, which complicate precise guidance for FY26 [3][4]. Strategic Initiatives - Powerfleet is focused on scaling key growth drivers such as Unity and indirect channels, with strong demand and increasing cross-sell activity [4][5]. - The company emphasizes the competitive advantage and monetization potential of Unity's device-agnostic platform, which is crucial for unifying customer operations [5].