Welcome to our dedicated page for Powerfleet news (Ticker: AIOT), a resource for investors and traders seeking the latest updates and insights on Powerfleet stock.
Powerfleet, Inc. (Nasdaq: AIOT) provides cutting-edge AIoT solutions that transform enterprise asset management through real-time data intelligence. This news hub offers investors and industry professionals direct access to official corporate updates and market developments.
Our comprehensive collection features verified press releases spanning financial results, product innovations, strategic partnerships, and operational milestones. Users gain timely insights into Powerfleet’s SaaS platform advancements, IoT connectivity enhancements, and industry recognition achievements.
The curated news archive serves as a strategic resource for tracking the company’s progress in mobile asset optimization and digital transformation initiatives. All content undergoes strict verification to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Powerfleet’s latest announcements, including earnings reports, leadership updates, and technology deployments. Regularly updated to reflect the company’s evolving position in the AIoT and enterprise software markets.
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.
Powerfleet (Nasdaq: AIOT) has announced its participation in the upcoming 37th Annual Roth Conference. The company's management team is scheduled to deliver their presentation on Tuesday, March 18th at 8:00 AM PT.
During the conference, management will engage with investors to showcase how Powerfleet is facilitating significant business transformation through data-driven insights, supporting their customers' digital evolution journey. The presentation will be accessible via live webcast through Powerfleet's investor relations website at ir.powerfleet.com/events-presentations/events.
Powerfleet (Nasdaq: AIOT) has launched advanced Unity in-warehouse solutions through a strategic partnership with TELUS, targeting warehouse safety and efficiency improvements across North America. The collaboration leverages TELUS's network of over 20 million customer connections to expand the reach of Powerfleet's AI-driven solutions.
The partnership aims to address critical warehouse safety concerns, highlighted by a Wall Street Journal article reporting thousands of worker injuries and nearly 100 forklift-related deaths annually. Unity's AI-driven solutions integrate into warehouse operations to enhance safety, compliance, and asset utilization.
CEO Steve Towe emphasized this partnership's potential for scalable revenue growth, while TELUS's Vice-President Jodi Baxter highlighted the convergence of AI, IoT, and 5G as transformative factors in business operations.
Powerfleet (Nasdaq: AIOT) has been awarded the #1 global ranking for innovation by ABI Research in their assessment of leading commercial solution providers for mobile assets. The company's Unity ecosystem and product portfolio were recognized as the industry's elite solution set, based on comprehensive evaluation criteria including software platform quality, user experience, data management, hardware range, ecosystem openness, and AI implementation.
Powerfleet was also named among the top three global leaders alongside Samsara and Geotab. ABI Research highlighted Unity's extensive platform capabilities and cutting-edge solutions as key factors in positioning Powerfleet as a leading AIoT player. The platform's device-agnostic approach and data harmonization capabilities were specifically praised, along with its distinctive in-warehouse solutions for material handling.
Powerfleet (NASDAQ: AIOT) reported strong Q3 2025 financial results with revenue increasing 45% year-over-year to $106.4 million. Service revenue, representing 77% of total revenue, grew 45% to $81.7 million, while product revenue rose 42% to $24.7 million.
The company achieved significant margin improvements, with combined adjusted gross margin exceeding 60%, up from 55.5% in the prior year. Adjusted EBITDA increased 77% to $22.5 million, driven by the Fleet Complete acquisition, organic growth, and cost synergies.
Following strong performance, Powerfleet raised its FY2025 guidance, now expecting revenue to exceed $362.5 million (up $10 million from previous guidance) and adjusted EBITDA to exceed $75 million (up $2.5 million). The company reported over 2.6 million recurring revenue subscribers and secured $15 million in annualized cost savings.
Powerfleet (Nasdaq: AIOT) has scheduled its third quarter fiscal 2025 conference call for Monday, February 10, 2025, at 8:30 a.m. Eastern time. The company will discuss financial results for the quarter ended December 31, 2024, with financial results to be released via press release before the call.
Management will host a presentation followed by a Q&A session. The call will be accessible via toll-free number (888-506-0062) and international line (973-528-0011) using participant access code 466496. A simultaneous broadcast and replay will be available through the company's investor relations website.
Powerfleet (Nasdaq: AIOT) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for Tuesday, January 14th at 4:30pmET. During the conference, management will present and meet with investors to discuss how the company is driving significant business transformation through data insights for its customers and supporting their digital transformation initiatives.
The presentation will be accessible via live webcast through Powerfleet's investor relations website at ir.powerfleet.com under the events and presentations section.
Powerfleet (Nasdaq: AIOT) has appointed Mike Powell as Chief Innovation Officer (CINO), effective immediately. Powell, with over two decades of experience in digital transformation and AI-driven growth, will lead the company's evolution by integrating internal transformation with customer technologies and enhancing the Unity AIoT ecosystem. His experience includes working with organizations generating over $1 billion in annual revenues.
The company also announced that Frank Friesacher, Chief Product Officer at Fleet Complete, will lead the execution of Powerfleet's technology roadmap. Meanwhile, Chief Technology Officer Jim Zeitunian is departing to pursue new opportunities.
CEO Steve Towe emphasized that Powell's appointment is important for advancing digital transformation both internally and for customers, citing his expertise in customer-centric innovation, product strategy, technology development, AI, and automation.
Powerfleet (Nasdaq: AIOT) has announced its participation in the Raymond James 2024 TMT & Consumer Conference. The company's management will deliver a presentation on Tuesday, December 10th at 3:40 PM ET. During the conference, they will engage with investors to discuss how Powerfleet enables meaningful business transformation through data insights and supports customers' digital transformation initiatives.
The presentation will be accessible via live webcast through Powerfleet's investor relations website at ir.powerfleet.com/events-presentations/events.
Powerfleet (NASDAQ: AIOT) reported strong Q2 FY25 results with revenue up 7% to $77.0 million and Adjusted EBITDA up 41% to $14.5 million year-over-year. First half FY25 showed revenue growth of 9% to $152.4 million and Adjusted EBITDA increase of 46% to $28.2 million. The company achieved 50% of its planned two-year cost synergy target of $27 million within 6 months of the MiX combination. Product revenue rose 13% to $20.3 million with adjusted gross margins at 35%, while service revenue grew 5% to $56.7 million. The company reaffirmed its FY25 guidance expecting revenue to exceed $352.5 million and Adjusted EBITDA to exceed $72.5 million.
