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Powerfleet Provides Business Update Ahead of Upcoming Craig-Hallum and William Blair Conferences
Prnewswire· 2025-05-23 11:00
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].
Powerfleet to Attend the 20th Annual Needham Technology, Media, & Consumer Conference
Prnewswire· 2025-05-02 12:00
Group 1 - Powerfleet, Inc. is scheduled to attend the 20th Annual Needham Technology, Media, & Consumer 1x1 Conference on May 8th to discuss business changes driven by data insights [1] - The company is recognized as a global leader in AI-powered data solutions that enhance mobile asset performance, safety, and sustainability [2] - Powerfleet serves 48,000 customers across 120 countries, providing data-driven intelligence to improve safety, efficiency, and workforce productivity [2] Group 2 - Powerfleet Unity's cloud-based applications utilize advanced AI, machine learning, and IoT connectivity for critical insights in industrial, logistics, and transportation sectors [2]
Powerfleet to Present at the 37th Annual Roth Conference
Prnewswire· 2025-03-12 12:00
Core Insights - Powerfleet, Inc. is scheduled to present at the 37th Annual Roth Conference on March 18th at 8:00am ET, focusing on its business transformation through data insights [1] - The company will engage with investors to discuss its strategies for supporting customers' digital evolution [1] Company Overview - Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions aimed at optimizing mobile asset performance, safety, and sustainability [2] - The company's cloud-based applications utilize advanced AI, machine learning, and IoT connectivity to deliver critical insights across various sectors including industrial, logistics, and transportation [2] - Powerfleet serves 48,000 customers in 120 countries, providing data-driven intelligence to enhance safety, efficiency, and workforce productivity [2]