PowerFleet sees Q1 revenue $75M, consensus $69.25M

The company said, “preliminary pro forma adjusted EBITDA, a non-GAAP metric, is projected to exceed $13.5M, exclusive of $14M in one-time expenses, reflecting an increase of over 40% versus the combined adjusted EBITDA from the prior year’s comparable period. The preliminary pro forma net loss attributable to common stockholders for the Q1 of FY25 is expected to be approximately $23M, inclusive of $21M in transaction, restructuring, and other one-time costs and accelerated stock-based compensation. As of June the company held net debt of approximately $114M, after accounting for $6M in unsettled one-time transaction costs.”