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Powerfleet (AIOT)
NASDAQ:AIOT
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.04Last Year’s EPS
$0.04Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 18.94%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects strong financial performance with significant revenue and EBITDA growth, successful cost synergies, and strategic acquisitions. However, the company faces challenges with service revenue growth due to churn and increased net debt. Overall, the highlights outweigh the lowlights, indicating positive momentum.Company Guidance
During the Powerfleet Q2 2025 earnings call, the company provided robust guidance and shared key financial metrics reflecting their strategic initiatives and performance. Powerfleet reported a revenue increase to $152 million for the first half of fiscal year 2025, marking an impressive 9% growth compared to the previous year, with EBITDA surging by 46% to $28 million. The company has already achieved $13.5 million in annual run-rate cost synergies, representing 50% of their two-year target of $27 million from the MiX acquisition. Additionally, Powerfleet anticipates exceeding $352.5 million in annual revenue, with expectations of over $100 million in revenue for the third quarter and annual EBITDA projected to surpass $72.5 million. The guidance also includes projected annualized run-rate synergies of $5 million. The company remains focused on maximizing efficiency, underpinning revenue growth, and enhancing customer engagement to achieve double-digit revenue growth by fiscal year 2026.Strong Revenue Growth
Revenue increased by 7% year-over-year to $77 million, with product revenue up 13% to $20.3 million, demonstrating strong demand and resilience in the global portfolio.
EBITDA Increase
EBITDA increased by 41% to $14.5 million, driven by strong top-line performance and cost synergies.
Successful Cost Synergies
Secured $13.5 million in annual run rate cost synergies, achieving 50% of the $27 million 2-year target from the MiX deal.
Recognition in AI-Powered Solutions
Recognized by ABI Research as the #1 global market leader in AI-powered smart cold chain solutions.
Fleet Complete Acquisition Benefits
Fleet Complete acquisition expected to contribute $105 million in annual revenue and $25 million in EBITDA, with additional cost synergies of $10 million.
Improved Service Margins
Adjusted service gross margin expanded by 100 basis points year-over-year to 63.7%.
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AIOT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIOT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $5.49 | $5.21 | -5.10% |
| Aug 22, 2024 | $4.89 | $4.87 | -0.41% |
| May 09, 2024 | $5.04 | $5.20 | +3.17% |
| Mar 12, 2024 | $2.90 | $3.16 | +8.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Powerfleet (AIOT) report earnings?
Powerfleet (AIOT) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Powerfleet (AIOT) earnings time?
Powerfleet (AIOT) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIOT EPS forecast?
AIOT EPS forecast for the fiscal quarter 2025 (Q3) is $0.04.
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