Powerfleet, Inc. Stock Price, News & Analysis

Powerfleet (Nasdaq: AIOT), a leader in artificial intelligence of things (AIoT) SaaS solutions, has been recognized as one of ABI Research's Most Innovative Technology Companies of 2025. The company was specifically honored as the top innovator in AIoT for Supply Chain operations, joining an elite group of seven global technology leaders including Vertiv, Kempower, Ericsson, Litmus, Furturex, and Schneider Electric.

This recognition follows Powerfleet's earlier achievement where its Unity platform was ranked as the #1 global AIoT solution portfolio by ABI Research. The platform is noted for delivering rapid ROI, enterprise-grade modularity, and device-agnostic connectivity.

Powerfleet (Nasdaq: AIOT) has secured a significant multi-year partnership with SIXT Mexico to implement its Unity AIoT platform across thousands of rental vehicles. The deal will enable SIXT Mexico to modernize its vehicle rental operations through real-time data intelligence and predictable control.

Through Unity's SaaS-based platform, SIXT Mexico will gain access to automated security workflows, fuel and energy management tools, and operational accountability systems. The partnership originated from a customer referral, highlighting Powerfleet's growing reputation in delivering AIoT solutions.

Powerfleet (Nasdaq: AIOT) has launched an automated AI risk intervention module for enhanced driver safety. The innovative application leverages AI to detect, assess, and prevent risks in real-time, replacing traditional manual video reviews with automated intelligence.

The system delivers impressive metrics including a 95% reduction in fatigue and distraction alerts and 80% reduction in manual video review time. Key features include dynamic driver risk assessment, smart escalation alerts, and live video with two-way communications, all integrated into Powerfleet's Unity ecosystem.

The solution targets a growing AI video market expected to exceed $10B by 2030, positioning Powerfleet to capitalize on increasing ESG and regulatory demands for proactive safety solutions.

Powerfleet (Nasdaq: AIOT) announced its management team will participate in the Northland Growth Conference 2025 on June 25th. During the conference, management will meet with investors to discuss the company's AIoT (Artificial Intelligence of Things) platform. The company plans to highlight how their platform is currently delivering results at scale, emphasizing their financial discipline and strategic roadmap for creating shareholder value.

Powerfleet (AIOT) reported strong financial results for FY2025, with total revenue growing 26% to $362.5M and SaaS recurring revenue accounting for ~75%. The company's adjusted EBITDA surged 65% YoY to $71M, with margins expanding 500bps to 20%. Q4 performance was particularly robust, with revenue up 42% YoY to $103.6M and adjusted EBITDA growing 84% to $20.4M. The company successfully integrated two major acquisitions, expanding its subscriber base 4x to 2.8M and customer base to 48,000. Key growth drivers included AI video solutions growing over 20% and warehouse safety solutions up 17%. The Unity platform gained recognition as the #1 global solution by ABI Research, while the company achieved $16M in annualized cost synergies. Net debt at quarter end was $225M, beating guidance by $6.4M.

Powerfleet (AIOT) announced an expanded partnership with EverDriven Technologies to deploy its AI video safety solution across EverDriven's student transportation operations in 34 states. The expansion will scale to approximately 4,000 subscribers, leveraging Powerfleet Unity's AI-powered technology for enhanced driver safety and real-time risk detection. EverDriven, which operates with over 9,000 drivers and completes more than 2 million trips annually, will implement the technology to improve student safety through machine learning and computer vision capabilities. The partnership aims to enhance driver performance monitoring, automated coaching, and overall transportation safety standards for school districts nationwide.

Powerfleet (NASDAQ: AIOT) has released preliminary results for FY2025 and outlook for FY2026 ahead of upcoming investor conferences. The company expects FY2025 total revenue of $362.5 million (+25% YoY) and adjusted EBITDA of $71 million (+65% YoY). The company achieved $16 million in annual cost synergies, with proforma adjusted EBITDA expected at $76 million. For FY2026, despite macroeconomic headwinds including tariff pressures, Powerfleet projects revenue growth of 20-25% and adjusted EBITDA growth of 45-55%. The revenue base for FY2026 calculations will be $352.5 million, reflecting a 3% adjustment due to accounting changes. The company remains confident in its long-term growth potential, driven by its Unity device-agnostic platform. Management will present at the Craig-Hallum and William Blair conferences, with Q4 FY2025 results to be announced on June 16, 2025.

Powerfleet (Nasdaq: AIOT) has announced its participation in the 20th Annual Needham Technology, Media, & Consumer 1x1 Conference scheduled for May 8th, 2025. During the conference, the company's management will meet with investors to discuss how Powerfleet is driving meaningful business transformation through data insights and supporting customers' digital transformation initiatives.

Powerfleet (Nasdaq: AIOT) has announced its participation in the 37th Annual Roth Conference, scheduled for Tuesday, March 18th at 8:00amET. The company's management team will deliver a presentation and conduct investor meetings to showcase how Powerfleet is driving business transformation through data insights that support their customers' digital evolution.

The presentation will be accessible via live webcast through Powerfleet's investor relations website at ir.powerfleet.com/events-presentations/events.