thWOODCLIFF LAKE, N.J., Jan. 9, 2026 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to attend the 28th Annual Needham Growth Conference on Thursday, January 15 to meet with investors to discuss how Powerfleet's scaled AIoT platform, strong financial performance and clear roadmap to shareholder value. ABOUT POWERFLEETPowerfleet (Nasdaq: AIOT; JSE: PWR) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset in ...

Powerfleet Investor Contacts Carolyn Capaccio and Jody Burfening Alliance Advisors IR [email protected] Powerfleet Media Contact Jonathan Bates [email protected] +44 7921 242 892 SOURCE Powerfleet Tuesday, December 9, 2025, presentation at 1:40pmET: Raymond James 2025 TMT and Consumer Conference – a webcast of this presentation will be available on the Events & Presentations page at ir.powerfleet.com. Tuesday, December 16, 2025: Northland Growth Conference 2025 WOODCLIFF LAKE, N.J., Dec. 4, 2025 /PRNewswire ...

Core Insights - Powerfleet, Inc. is scheduled to attend fall 2025 New York investor conferences to discuss its AIoT platform, which is delivering results at scale with strong financial discipline and a clear roadmap to shareholder value [1] Company Overview - Powerfleet is a global leader in the AIoT software-as-a-service (SaaS) mobile asset industry, with over 30 years of experience [1] - The company focuses on unifying business operations through data ingestion, harmonization, and integration, providing actionable insights to help companies save lives, time, and money [1] - Powerfleet 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) [1] Recent Achievements - Powerfleet reported a 7% quarterly sequential increase in total revenue for Q2 FY26, ending September 30, 2025 [2] - The company won the Frost & Sullivan 2025 North America Product Leadership Award, highlighting its leadership in the AIoT sector [3]

Core Insights - Powerfleet, Inc. reported a record total revenue of $111.7 million for Q2 FY26, representing a 45% increase year-over-year and a 7.3% sequential increase [1][12] - The company raised its FY26 total revenue guidance to a range of $435 million to $445 million, up from the previous guidance of $430 million to $440 million [7][12] Financial Performance - Services revenue reached $89.3 million, a 57% increase year-over-year and a 12% organic growth from $56.7 million in Q2 FY25 [1][12] - Gross profit was $62.6 million, reflecting an 11% sequential increase from $56.5 million in Q1 FY26, with a gross margin of 56% compared to 54% in the prior year [1][12] - Adjusted EBITDA increased by 71% year-over-year to $24.8 million, with an adjusted EBITDA margin of 22%, up from 19% in the prior year [12][13] Management Commentary - The CEO highlighted Q2 as a defining quarter with strong performance across key financial metrics, driven by AI-powered SaaS solutions and growth in global markets [3][4] - The company achieved double-digit year-over-year organic annual recurring revenue growth ahead of schedule, indicating strong global traction [3][4] Cost Management - Sales, general, and administrative expenses remained at 48% of revenue, with a planned 5% increase in sales and marketing expenses to support growth [12] - Research and development expenses represented 4% of revenue, consistent with the prior year [12] Debt and Equity - The net loss attributable to common stockholders was $4.3 million, or $0.03 per share, compared to a net loss of $1.9 million, or $0.02 per share, in the prior year [12][13] - Adjusted net debt to adjusted EBITDA improved to 2.9x from 3.4x at the end of FY25, with quarter-end net debt at $242.6 million [12][13]

Financial Performance - Third quarter revenue reached $392.2 million, a 7% sequential increase and a 12% year-over-year increase[23, 30] - GAAP gross profit was $120.5 million, with a GAAP gross margin of 30.7%[23, 31] - Non-GAAP earnings per share (EPS) was $0.37, a 15.6% sequential increase[23, 31] - Cash flow from operations was $79.1 million, representing 20.2% of revenue[23] Balance Sheet and Cash Flow - The company holds a strong balance sheet with $392 million in cash and cash equivalents, and $58 million in total debt[21, 23] - Free cash flow per share was $1.35 for the third quarter and $4.02 for the trailing twelve months[21] Future Outlook - Fourth quarter revenue is projected to be approximately $380 million, plus or minus 3%, representing a 12% year-over-year growth at the mid-point[3, 33] - GAAP gross margin for the fourth quarter is expected to be 31.0%, plus or minus 1%[3, 33] - Non-GAAP operating expenses are expected to be approximately 27.0% of revenue, plus or minus 1%[3, 33] Strategic Goals - The company's next strategic goal is to achieve $1 billion in gross profit[8, 35] - The company aims for profitability growth to drive 20%+ operating profit[35] - Automotive and industrial sectors accounted for approximately 41% and 59% of revenue in Q3 2025, respectively[13]

Core Insights - Powerfleet, Inc. will host its Unity Innovation showcase, a virtual event for financial analysts and institutional investors, on November 14, 2025 [1] - The event will highlight the customer value generated by Unity, Powerfleet's device-agnostic platform that enhances safety, visibility, compliance, sustainability, and operational efficiency [2] Company Overview - Powerfleet is a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry, with over 30 years of experience [5] - The company focuses on unifying business operations through data integration and delivering actionable insights to improve efficiency and safety [5] Event Details - Registration for the Unity Innovation showcase is available online, and a live webcast will be accessible on Powerfleet's Investor Relations website [4] - The event will include customer impact stories, an innovation roadmap, and an interactive Q&A session with Powerfleet's management team [8]

Core Insights - Powerfleet, Inc. has won the Industry Innovation Award 2025 at the International Materials Handling Exhibition (IMHX), highlighting the success of its Unity platform in the mobile asset management sector [1][2] - The recognition at IMHX emphasizes Unity's transformative capabilities in the $50 billion European materials handling market, showcasing its global momentum [2][3] Company Overview - Powerfleet is a leader in AI-powered data solutions that enhance mobile asset performance, safety, and sustainability, serving 48,000 customers across 120 countries [4] - The Unity platform integrates warehouse intelligence with on-road performance in a cloud-native, device-agnostic manner, aiming to simplify complex operations [3][4] Product Features - Unity provides real-time AI-driven warehouse safety, on-road driver protection, unified visibility across assets, and sustainability insights that reduce energy use and emissions [6][4] - The platform is designed to eliminate fragmented systems, offering a comprehensive solution for enterprises looking to digitize their operations [3][6]

Core Insights - Powerfleet, Inc. is scheduled to attend the Barrington Research Virtual Fall Investment Conference on September 16, 2025, to discuss its AIoT platform and its commitment to delivering shareholder value [1]. Company Overview - Powerfleet is a global leader in the AIoT software-as-a-service (SaaS) mobile asset industry, with over 30 years of experience [2]. - The company focuses on unifying business operations through data integration and delivering actionable insights to enhance efficiency and safety [2]. - Powerfleet is headquartered in New Jersey, USA, and has a primary listing on Nasdaq and a secondary listing on the Johannesburg Stock Exchange [2]. Financial Performance - Powerfleet reported a 6% sequential growth in services for Q1 FY2026, along with margin expansion and progress towards EBITDA expansion targets [4].

Core Insights - Tuya Inc. has shown strong stock performance with a year-to-date gain of 48.76%, prompting Jefferies to raise its price target to $3.60 from $3.49, maintaining a Buy rating [1][2] - The company reported a 9% revenue growth in Q2, with net profit increasing by 302%, attributed to stable gross margins and operational leverage [2] - Tuya is positioned to benefit from the growing adoption of Artificial Intelligence of Things (AIoT), with 93% of its device categories incorporating AI functions [3] Company Overview - Tuya Inc. is a global AIoT platform provider that enables brands, manufacturers, and developers to create and sell smart devices and solutions [4] - The company offers a cloud-based platform with SaaS and PaaS offerings, providing access to hardware, cloud services, app development tools, and AI capabilities [4] Market Position - The SaaS business of Tuya continues to grow at an impressive rate, which helps to offset the slowdown in IoT PaaS and Smart Solutions [3]

Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by its strategic focus on AIoT products and new product developments [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 2.046 billion yuan, a year-on-year increase of 64%, marking a historical high [1]. - The net profit attributable to shareholders reached 531 million yuan, reflecting a year-on-year growth of 191% [1]. Group 2: Market and Industry Insights - The AIoT market continues to grow, particularly in China, which benefits from a large population, diverse application scenarios, and a well-developed manufacturing ecosystem [2]. - The company positions itself as a leading AIoT SoC provider, leveraging its core technologies and product offerings to support the intelligent upgrade of various industries [2]. Group 3: Product Development - The company has enhanced its AIoT SoC chip platform and is actively advancing new product development, including the launch of the next-generation AI vision processor RV1126B and the new audio processor RK2116 [3]. - Ongoing design work for several new products, such as RK3572, RV1103C, and RK3538, is also in progress [3].