PowerFleet
Software · New Jersey, United States · 1K - 5K Employees
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Overview
Headquarters
123 Tice Blvd Ste 101, Woodcliff Lake, N...Phone Number
(201) 996-9000Website
www.powerfleet.comRevenue
$450.4 MillionStock Symbol
AIOTIndustry
ZI Rank: 3
Signal Type
Mar
Apr
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Jun
Jul
Aug
ZI Rank
6
3
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2
2
3
About PowerFleet
Powerfleet is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers and partners ecosystems to help save lives, time, and money.Explore more
PowerFleet Org Chart
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2021
Stock Offering
$28.8M
PowerFleet Tech Stack
A closer look at the technologies used by PowerFleet
Most Recent Scoops
Project
PowerFleet has reported material acceleration on its major South African contract, with ARR required for near term activation now exceeding $27 million and near term vehicle installations growing to over 70,000, expected to increase to between 80,000 and 90,000 assets over the next couple of quarters representing approximately seven to nine times the originally anticipated deployment volume at this stage of the program.
Contracts
Project
reported that AI video bookings increased 20% sequentially this quarter, with 12 Fortune 500 companies expanding their onsite footprints, 10 global Fortune 500 customers broadening their AI video adoption, and enterprise wins above $100,000 in total contract value recorded across 16 diverse industries.
Sales
Project
PowerFleet has secured multiple onsite business expansions this quarter in North America, including a $2 million expansion with a Fortune 500 manufacturing leader, a $1.3 million deployment with a national transportation and logistics enterprise, and a $1 million win with a national automotive technology leader.
Manufacturing Operations
Project
PowerFleet has announced a strategic reprioritization, foregoing a portion of its current and projected revenue base predominantly in South Africa deemed non strategic, in order to free operational capacity to deploy 90,000 vehicles under its largest South African contract and maximize execution on the 150,000 vehicle total addressable fleet opportunity.
Capacity Planning, Corporate Strategy
Person-Based
Business Intelligence, Analytics & Insights, Digital Technology, Logistics / Supply Chain, Warehouse Operations
PowerFleet News & Media
PowerFleet Q1 Earnings Call Highlights
PowerFleet (NASDAQ:AIOT) reported first-quarter fiscal 2027 revenue growth and higher adjusted EBITDA, while lowering its full-year outlook as it reallocates resources toward a rapidly expanding South African government contract. Total first-quarter revenue rose 6.4% year over year to $110.8 millioPowerfleet Reports Results for First Quarter Fiscal 2027
Services revenue increased 9.1% to $94.3 million, representing 85% of total revenue of $110.8 million. Cash flow from operating activities increased 79% to $8.4 million. More than $27 million ARR for near term activation with the South African National Treasury contract. New President &...Powerfleet Sets First Quarter Fiscal 2027 Conference Call for Monday, August 10, 2026, at 8:30 a.m. ET
WOODCLIFF LAKE, N.J., July 27, 2026 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today announced that it will hold a conference call on Monday, August 10, 2026, at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter and fiscal year 2027 ended June...Powerfleet Announces Board and Audit Committee Transition
Michael Casey Rejoins Board of Directors and Is Appointed Chair of the Audit Committee WOODCLIFF LAKE, N.J., July 21, 2026 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT; JSE: PWR) today announced that its Board of Directors has appointed Michael Casey to rejoin the Board and serve as...
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Powerfleet is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers and partners ecosystems to help save liv... Read More
