PowerFleet Inc. (NASDAQ:AIOT) is one of the fastest-growing penny stocks to buy now. On November 11, William Blair reiterated an Outperform rating, impressed by PowerFleet Inc. (NASDAQ:AIOT)’s second-quarter 2026 results, characterized by record revenue and strong performance across key metrics. PowerFleet Inc. (AIOT) Achieves Robust Organic Growth Despite Wide Net Loss The company achieved double-digit year-over-year organic annual recurring revenue growth driven by strong global traction across direct ...

Accessibility StatementSkip Navigation WOODCLIFF LAKE, N.J., Nov. 14, 2025 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to attend fall 2025 New York investor conferences to meet with investors to discuss Powerfleet's AIoT platform that is already delivering results at scale with strong financial discipline and a clear roadmap to shareholder value as follows: Powerfleet Wins Frost & Sullivan 2025 North America Product Leadership Award Powerfleet, Inc. (Nasdaq: ...

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]

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].

Group 1 - Powerfleet, Inc. is scheduled to attend the Northland Growth Conference 2025 on June 25th to discuss its AIoT platform and its financial discipline [1] - The company emphasizes its commitment to delivering results at scale and a clear roadmap to enhance shareholder value [1] - Powerfleet is a global leader in the AIoT software-as-a-service (SaaS) mobile asset industry with over 30 years of experience [2] Group 2 - Powerfleet's operations focus on unifying business processes through data integration and providing actionable insights to improve efficiency and safety [2] - The company is headquartered in New Jersey, United States, and has a global presence with offices worldwide [2] - Powerfleet is listed on the Nasdaq Global Market and has a secondary listing on the Johannesburg Stock Exchange [2]