WOODCLIFF LAKE, N.J. , April 16, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) will host a virtual fireside chat for analysts and shareholders 30 days into the business combination with MiX Telematics, which created a top-tier global AIoT SaaS provider with total revenue of $284 million and EBITDA of $43 million , as well as the opportunity to reach Rule of 40 performance within two years. The chat will take place on... Read More

Unity Platform Celebrated for its Innovative AIoT Capabilities WOODCLIFF LAKE, N.J. , April 9, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today was announced as a finalist by the Business Intelligence Group for the Artificial Intelligence Excellence Awards program . This award recognizes organizations, products, and people who bring Artificial Intelligence (AI) to life and apply it to solve real-world problems.... Read More

WOODCLIFF LAKE, N.J. , April 5, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced its intention to adjust its historical accounting treatment for the redemption premium associated with its Series A convertible preferred stock, which was fully redeemed in connection with the closing of the Company's business combination with MiX Telematics Limited on April 2, 2024 , due to a technical accounting issue. This... Read More

A Scaled Day-One Business with Total Revenue of $284 Million , Including $215 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 65% Combined Customer Base Begins with More than 1.8m Subscribers In Addition to a Significant Growth Opportunity, Combination Expected to Unlock a Compelling $25m+ EBITDA Expansion Within First Two Years Expected to Deliver Significant Cross-Sell and Upsell... Read More

Fourth quarter total revenue of $34.5 million , up 9% YoY (constant currency), posting the best revenue quarter result in six quarters Fourth quarter service revenue increased 16% YoY (constant currency) and full year '23 service revenue increased 14% YoY (constant currency), demonstrating the company's transformation to a SaaS-centric business model Fourth quarter AEBITDA increased 110% YoY while second half '23 AEBITDA... Read More

WOODCLIFF LAKE, N.J. , Feb. 28, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced they have received shareholder approval on the proposals related to the previously announced business combination between the parties. The transaction is expected to close the first week of April 2024 , subject to the satisfaction of remaining customary conditions. Upon... Read More

WOODCLIFF LAKE, N.J. , Feb. 27, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) will hold a conference call on Tuesday, March 12, 2024 , at 8:30 a.m. Eastern time ( 5:30 a.m. Pacific time ) to discuss results for the fourth quarter and year ended December 31, 2023 . Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer... Read More

Completion of Regulatory Milestones Results in Scheduled Shareholders Meetings WOODCLIFF LAKE, N.J. , Jan. 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced that their respective shareholders meetings will be held virtually on Wednesday, February 28, 2024 to vote on the proposed business combination between the parties. Powerfleet's shareholder meeting... Read More

The Pedestrian Proximity Detection offering meets growing demand to create safer workplaces worldwide WOODCLIFF LAKE, N.J. , Dec. 7, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today launched its next-generation Pedestrian Proximity Detection solution, an artificial intelligence (AI)-powered safety system that proactively prevents accidents, bolsters pedestrian safety, and mitigates damage to material handling... Read More

ABI Research released commercial video telematics report recognizing Powerfleet for its innovation WOODCLIFF LAKE, N.J. , Dec. 5, 2023 /PRNewswire/ -- Powerfleet, Inc . (Nasdaq: PWFL) today announced it was named a top innovator in ABI Research's Commercial Video Telematics Competitive Ranking . This influential report is designed to provide critical insights, research, and strategic advice for vendor decision-making in the... Read More

BOCA RATON, Fla. & WOODCLIFF LAKE, N.J. / Nov 29, 2023 / Business Wire / MiX Telematics Limited (NYSE: MIXT, JSE: MIX) and Powerfleet (Nasdaq: PWFL) announced that they will be presenting at the Raymond James TMT and Consumer Conference being held December 4-6, 2023, at the Lotte New York Palace in New York, NY. MiX Telematics CEO Stefan Joselowitz and CFO Paul Dell alongside Powerfleet CFO David Wilson will be attending the... Read More

Q3 2023 total revenue increased 7% sequentially to $34.2 million , marking the highest revenue performance in four quarters Company's SaaS-centric business model transformation continues at pace with high-margin service revenue increasing 11% in Q3 2023 and 14% for the year to date compared to prior year periods (constant currency) AEBITDA increased threefold following the execution of annualized $4 million cost reduction... Read More

National campaign is aimed at developing solutions to reduce serious injuries and create a future with zero roadway fatalities WOODCLIFF LAKE, N.J. , Nov. 2, 2023 /PRNewswire/ -- Powerfleet, Inc . (Nasdaq: PWFL) today announced it has joined a U.S. Department of Transportation initiative to reduce the rising number of serious injuries and deaths on America's highways, roads, and streets. The National Road Safety Strategy... Read More

WOODCLIFF LAKE, N.J. , Oct. 31, 2023 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Thursday, November 9, 2023 at 8:30 a.m. Eastern time ( 5:30 a.m. Pacific time ) to discuss results for the third quarter ended September 30, 2023 . Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session.... Read More

WOODCLIFF LAKE, N.J. , Oct. 30, 2023 /PRNewswire/ -- PowerFleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) will host a joint Investor Day with financial analysts and institutional investors on Thursday, November 16 at The InterContinental New York Barclay hotel in New York, NY . Presentations are scheduled to begin at 2:00 p.m. Eastern time and end at approximately 5:00 p.m. Eastern time.... Read More

Data insights from IoT devices and SaaS platform for fleet management strengthens business operations for world-renowned construction contractor WOODCLIFF LAKE, N.J. , Oct. 24, 2023 /PRNewswire/ -- Keller North America deployed Powerfleet's (Nasdaq: PWFL) SaaS-based fleet intelligence platform, Unity , alongside its Logistics Gateway. With data insights from Powerfleet, Keller provides craved customer experiences and... Read More

Combination Expected to Create Top-Tier Global Provider in Mobile Asset IoT Industry with Unparalleled Artificial Intelligence Enhanced SaaS Solution Portfolio ~1.7 Million Combined Subscriber Base Expected to Provide Immediate Scale Expected to Create a Day One Business with Total Revenue of $279 Million , Including $210 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 67% In Addition to... Read More

Strong Growth in High Margin SaaS Revenues with Company Positioned for Accelerated Growth in Second Half of 2023 Second Quarter 2023 Service Revenue was 66% of Total Revenue, up from 57% in the Prior Period, Driving an Expansion in Total Company Gross Margins to 50% from 47% WOODCLIFF LAKE, N.J., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), reported results for the second quarter and six months ended... Read More

WOODCLIFF LAKE, N.J., Aug. 03, 2023 (GLOBE NEWSWIRE) -- PCS Civil , Inc. has deployed Powerfleet’s (Nasdaq: PWFL) SaaS-based, IoT device agnostic fleet intelligence platform, Unity . With Unity’s data insights for safety, maintenance, and fuel management, PCS Civil can make informed decisions to protect their drivers while increasing productivity and reducing costs. PCS Civil can now capitalize on machine learning (ML) and... Read More

WOODCLIFF LAKE, N.J., July 31, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Tuesday, August 8, 2023 at 8:30 a.m. Eastern (5:30 a.m. Pacific) to discuss results for the second quarter ended June 30, 2023. Financial results will be issued in a press release prior. Powerfleet management will host the presentation, followed by a question-and-answer session. Date: Tuesday, August 8,... Read More

NASHVILLE, Tenn., June 28, 2023 (GLOBE NEWSWIRE) -- FIRST ANNUAL HEARTBEAT CONFERENCE - Powerfleet, Inc. (Nasdaq: PWFL) empowers businesses worldwide to drive green initiatives by modernizing and aligning fleets with corporate environmental, social, and governance (ESG) initiatives with its SaaS-based Sustainability Data-Powered Application. This latest addition to Unity , Powerfleet’s fleet intelligence platform, aims to... Read More

Total GAAP Services Revenue Grows 9%, Increasing to 62% of Total Revenue and up 17% YoY on a Constant Currency Basis Total Company Gross Profit Increases by $2.2 million,15% YoY Go-forward Core Business Gross Margin Expands to 53%, with Services Gross Margin Climbing to 71% Liquidity Improves with $8.7 million in Net Proceeds from the Acquisition of Movingdots WOODCLIFF LAKE, N.J., May 09, 2023 (GLOBE NEWSWIRE) --... Read More

WOODCLIFF LAKE, N.J., April 25, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), will hold a conference call on Tuesday, May 9, 2023 at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss results for the first quarter ended March 31, 2023. Financial results will be issued in a press release prior to the call. Powerfleet management will host the presentation, followed by a question-and-answer session. Date:... Read More

WOODCLIFF LAKE, N.J., March 29, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL) launched its Safety and Security data-powered application to Unity , its fleet intelligence platform. Unity ingests, compiles, and enriches data from any IoT device or third-party business system. Mixed fleets, over the road or in the warehouse or distribution center, now have a single source of truth to revolutionize the safety of... Read More