Powerfleet Q4 Loss Narrows, Revenues Surge; Sees Growth In FY26; Stock Climbs

PowerFleet

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(RTTNews) - Powerfleet, Inc. (AIOT), a provider of internet of things (IoT) software-as-a-service (SaaS) solutions, reported Monday narrower net loss in fourth quarter, and an adjusted net income compared to prior year's loss, with strong growth in revenues.

In the pre-market activity on the Nasdaq, PowerFleet shares were gaining around 7.2 percent to trade at $4.77, after losing around 6 percent on Friday's regular trading.

In the fourth quarter, net loss attributable to stockholders was $12.44 million or $0.09 per share, narrower than loss of $20.37 million or $0.19 per share in the prior year, reflecting improved financial performance. The prior year results were on a pro forma combined basis, following the acquisitions.

Adjusted net income was $0.02 per share, compared to loss of $0.01 per share in the prior year.

Adjusted EBITDA increased 84 percent to $20.4 million from $11.1 million in the prior year, reflecting contributions from the Fleet Complete acquisition, organic growth, gross margin expansion and cost synergies.

Total revenue grew 42 percent to $103.64 million from $72.82 million last year, driven by the Fleet Complete acquisition and AI video solutions.

Service revenue rose 49 percent to $81.8 million while product revenue grew 23 percent to $21.9 million.

Looking ahead, Steve Towe, Powerfleet CEO, said, "As we enter fiscal 2026, we do so as a stronger, more focused company, by proactively eliminating low-quality and non-strategic revenue from the acquired businesses. ….While we remain mindful of macroeconomic headwinds, we are confident in expanding our growth in FY26, particularly in the second half, driven by a strong, expanding pipeline and supported by the resilience of our international operations which grew organically by 13 percent in FY25."

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