PowerFleet, Inc.
- Open
- 3.02
- Day high
- 3.08
- Day low
- 3.00
- Prev close
- 3.00
- Volume
- 1.6M
- Mkt cap
- $409M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.8
- P/S
- 0.9
- Yield
- —
- Per share
- —
PowerFleet, Inc. (AIOT) is a Technology company listed on NASDAQ. The stock is down 35% over the past year. Drillr has 1 published research article covering AIOT.
PowerFleet, Inc. (AIOT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AIOT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 10, 2026 | $-0.01 | $-0.01 | +33.3% | $111M | -4.1% |
| Jun 15, 2026 | $-0.00 | $-0.02 | -1298.6% | $114M | +1.3% |
| Jun 16, 2025 | $-0.02 | $-0.09 | -350.0% | $106M | +2.5% |
| Aug 22, 2024 | $-0.10 | $-0.21 | -110.0% | $75M | +129.3% |
| Mar 12, 2024 | $-0.10 | $-0.13 | -30.0% | $34M | +0.7% |
| Nov 13, 2023 | $-0.03 | $-0.02 | +29.4% | $77M | +127.9% |
| Aug 10, 2023 | $-0.02 | $-0.21 | -1153.0% | $75M | +119.4% |
| Mar 31, 2023 | $0.02 | $-0.01 | -156.7% | $34M | -1.7% |
| Mar 16, 2022 | — | $-0.06 | — | $34M | — |
| Nov 10, 2021 | — | $-0.03 | — | $29M | — |
| Aug 10, 2021 | — | $-0.01 | — | $34M | — |
| May 12, 2021 | — | $-0.02 | — | $29M | — |
AIOT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 17, 2026 | CASEY MICHAEL Jdirector | Grant | 3,050 | — |
| Aug 11, 2026 | Lalljie Paul Sofficer: See remarks | Grant | 225,000 | — |
| Jul 29, 2026 | Towe Steven Markdirector, officer: Chief Executive Officer | Tax | 27,313 | $4.42 |
| Jul 29, 2026 | WILSON DAVIDofficer: Chief Financial Officer | Tax | 13,250 | $4.42 |
| Jul 29, 2026 | Ingram Melissa Roseofficer: See remarks | Tax | 12,018 | $4.42 |
| Jul 29, 2026 | Towe Steven Markdirector, officer: Chief Executive Officer | Tax | 48,959 | $4.42 |
| May 18, 2026 | JACOBS IANdirector | Grant | 24,396 | — |
| May 18, 2026 | McConnell Michael Jdirector | Grant | 24,396 | — |
| Feb 27, 2026 | Towe Steven Markdirector, officer: Chief Executive Officer | Grant | 193,545 | — |
| Feb 27, 2026 | Ingram Melissa Roseofficer: See remarks | Grant | 85,160 | — |
| Feb 27, 2026 | Ingram Melissa Roseofficer: See remarks | Grant | 170,319 | — |
| Feb 27, 2026 | Powell Michael Josephofficer: Chief Innovation Officer | Grant | 38,709 | — |
| Feb 27, 2026 | Powell Michael Josephofficer: Chief Innovation Officer | Grant | 77,418 | — |
| Feb 27, 2026 | Towe Steven Markdirector, officer: Chief Executive Officer | Grant | 387,090 | — |
| Feb 27, 2026 | WILSON DAVIDofficer: Chief Financial Officer | Grant | 96,772 | — |
Source: AIOT SEC Form 4 filings, latest Aug 17, 2026. For informational purposes only — not investment advice.
See the full AIOT insider & 13F page →AIOT research & analysis
PowerFleet, Inc. company profile
Overview
PowerFleet, Inc. (NASDAQ:AIOT) is a technology company that provides wireless Internet-of-Things (IoT) asset management solutions globally. Founded in 1993 and originally known as I.D. Systems, Inc., the company rebranded to PowerFleet following strategic acquisitions and business transformation. Headquartered in Woodcliff Lake, New Jersey, PowerFleet has evolved from a traditional fleet management company into a comprehensive IoT data platform provider. The company recently completed a significant business combination with MiX Telematics, positioning itself as a larger player in the global fleet management and IoT solutions market.
Business
PowerFleet operates in the Internet-of-Things (IoT) asset management industry, which involves connecting physical assets like vehicles, equipment, and machinery to the internet to collect and analyze data for operational improvements. The company's core offering is Unity, a comprehensive IoT data platform that ingests information from various types of assets through devices and sensors, then transforms this raw data into actionable intelligence through dashboards, reports, and real-time alerts. The IoT asset management industry serves organizations that need to track, monitor, and optimize their physical assets. This includes fleet vehicles, industrial equipment, construction machinery, and other valuable assets that benefit from real-time monitoring. PowerFleet's solutions help customers increase operational efficiency, improve safety and security, and boost profitability by providing visibility into asset utilization, location, performance, and maintenance needs. PowerFleet offers its solutions under three main brands: PowerFleet, Pointer, and Cellocator. The company provides both hardware devices that attach to assets and software services that process and present the collected data. Beyond the core platform, PowerFleet offers hosting, maintenance, support, consulting services, and Software-as-a-Service (SaaS) capabilities including system monitoring, help desk support, and software updates. The company serves diverse markets including manufacturing, automotive manufacturing, wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, aerospace and defense, homeland security, and vehicle rental, logistics, shipping, and freight transportation. PowerFleet sells both directly to commercial and government customers and through indirect channels such as original equipment manufacturers, vehicle importers, distributors, and industrial equipment dealers.
Revenue model
PowerFleet operates a hybrid business model combining hardware sales with recurring software subscriptions. The company generates revenue through initial device sales and ongoing SaaS subscriptions for data processing, analytics, and platform access. Service revenue, which includes the recurring subscription components, has grown to represent 63% of total revenue as of Q4 2023, up from 60% in the prior year. This shift toward recurring revenue provides more predictable cash flows and higher-margin income streams. The company's customers are primarily businesses and government entities that own and operate fleets of vehicles or valuable equipment. These organizations pay for PowerFleet's solutions to gain operational visibility, reduce costs, improve safety, and ensure regulatory compliance. The subscription-based model means customers typically commit to multi-year contracts, providing revenue stability. Several factors influence PowerFleet's margins and profitability. Positive factors include the ongoing shift toward higher-margin service revenue, economies of scale as the customer base grows, and the ability to leverage the Unity platform across multiple customer segments without proportional increases in infrastructure costs. The company's device-agnostic approach allows it to work with various hardware vendors, potentially reducing procurement costs. Negative factors include competitive pricing pressure in the fleet management market, the need for continuous technology investment to maintain platform capabilities, foreign exchange fluctuations given international operations, and the cyclical nature of some customer industries like construction and mining. Supply chain disruptions can also impact hardware costs and availability, while customer churn in competitive markets can pressure pricing and retention efforts.
Competitive moat
PowerFleet's competitive moat appears moderate but faces significant challenges in a fragmented and competitive market. The company's primary defensive advantages include its Unity platform's device-agnostic capabilities, which allow customers to integrate data from multiple hardware vendors rather than being locked into a single ecosystem. This flexibility can create switching costs as customers build integrations and customize their workflows around PowerFleet's platform. The company also benefits from customer relationships and data network effects - as more devices connect to the Unity platform, the data becomes more valuable for analytics and benchmarking. Long-term contracts and the operational integration of fleet management systems create some customer stickiness, as switching providers requires significant effort and potential service disruption. However, PowerFleet's moat faces substantial competitive pressure. The IoT and fleet management space includes well-funded competitors ranging from large technology companies to specialized telematics providers. Companies like Verizon Connect, Geotab, and Samsara have significant resources and market presence. The recent business combination with MiX Telematics strengthens PowerFleet's position by increasing scale and geographic reach, but the combined entity still competes against larger, better-capitalized rivals. The technology itself is not highly differentiated, as IoT sensors, GPS tracking, and data analytics capabilities are widely available. Barriers to entry remain relatively low for new competitors with sufficient capital, and customers can often switch between providers with moderate effort. The company's international presence provides some geographic diversification, but this also exposes it to local competitors in each market who may have regulatory or relationship advantages.
Risks & safety
PowerFleet presents moderate solvency risk with mixed financial health indicators. • Cash and Liquidity: $30.2 million in cash and short-term investments as of Q2 2024, with current ratio of 1.23, indicating adequate short-term liquidity coverage • Cash Flow Concerns: Negative free cash flow of -$13.2 million in Q2 2024 and -$7.6 million operating cash flow, indicating ongoing cash burn • Debt Levels: Debt-to-equity ratio of 0.39 suggests manageable leverage, though the company carries $294.4 million in total liabilities against $684.9 million in assets • Profitability: Persistent losses with -$22.3 million net income in Q2 2024 and negative EBITDA of -$18.2 million • Valuation Metrics: Trading at negative P/E ratios due to losses, though the MiX Telematics combination is expected to improve profitability • Other Considerations: The business combination with MiX Telematics should provide additional financial resources and cost synergies, but integration risks remain
Recent development
PowerFleet has undergone significant strategic transformation over the past few years, shifting from a traditional fleet management company to a comprehensive IoT data platform provider. The most significant development is the business combination with MiX Telematics, which was announced and completed during 2023-2024. This merger creates a much larger entity with projected combined trailing twelve-month revenue of approximately $285 million and expected EBITDA of over $40 million, while increasing the active subscriber base from 700,000 to 1.8 million. The company has focused on improving revenue quality by deliberately exiting approximately $8 million of low-quality annual revenue to concentrate on high-margin SaaS offerings. This strategic pruning has allowed PowerFleet to increase its service revenue percentage from 60% to 63% of total revenue, creating a more predictable and profitable business model. Technology development has centered around the Unity platform, which PowerFleet positions as a device-agnostic IoT data ingestion and processing system. The platform incorporates artificial intelligence and data science capabilities to transform raw IoT data into actionable business intelligence. The company has also completed the acquisition of Movingdots to enhance its technology capabilities. Geographic expansion and focus has been another key strategic initiative. North America has shown strong performance with 16% annual growth, while the company is rebuilding its presence in markets like Brazil, Argentina, and South Africa. The MiX combination significantly enhances PowerFleet's international footprint and market presence. Management has set ambitious financial targets including achieving "Rule of 40" performance (combined revenue growth and EBITDA margin of 40%) within two years and increasing valuation multiples from 1.5x to 5-8x revenue through improved profitability and scale.
AIOT company profile · for informational purposes only — not investment advice.
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