Powerfleet, Inc. AIOT
We are a global provider of Artificial Intelligence-of-Things ("AIoT") solutions providing valuable connected business intelligence for managing high-value enterprise and mid-market assets that improve operational efficiencies.
We are headquartered in Woodcliff Lake, New Jersey, with offices located around the globe.
Our Unity data highway and AIoT ecosystem is the centerpiece of our strategy. Unity has the capability to ingest data from multiple data sources, harmonizing and transforming the dataset, and delivering simply understood actionable insights through a unified Software-as-a-Service ("SaaS") platform and deep integrations with customer business systems.
Unity provides mission-critical solutions from warehouse to trailer to vehicle, allowing customers to consolidate suppliers and gain end-to-end control of their operations in a single pane of glass.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $443.8M | $362.5M | $133.7M | $135.9M | $126.0M | $113.6M | $81.9M | $53.1M | $41.0M | — |
| Cost of revenue | $197.4M | $168.0M | $66.7M | $70.9M | $66.2M | $54.6M | $43.6M | $27.3M | $20.0M | — |
| Gross profit | $246.4M | $194.5M | $67.1M | $65.0M | $59.8M | $59.0M | $38.4M | $25.8M | $20.9M | — |
| R&D | $18.4M | $16.1M | $8.4M | $8.5M | $11.4M | $10.6M | $8.5M | $6.9M | $4.5M | — |
| SG&A | $208.5M | $204.4M | $71.3M | $63.5M | $56.5M | $51.9M | $34.4M | $24.7M | $20.5M | — |
| Total operating expenses | $226.8M | $220.4M | $79.6M | $72.0M | $67.9M | $62.5M | $48.1M | $31.5M | $25.0M | — |
| Operating income | $19.6M | -$25.9M | -$12.6M | -$7.0M | -$8.2M | -$3.5M | -$9.8M | -$5.7M | -$4.1M | — |
| Interest expense | $27.5M | $20.3M | $1.6M | $994.0K | $2.8M | $4.5M | $1.4M | $173.0K | $342.0K | — |
| Pre-tax income | -$11.3M | -$46.5M | -$5.1M | -$5.9M | -$10.9M | -$8.0M | -$11.1M | -$5.8M | -$4.2M | — |
| Income tax | $8.7M | $4.5M | $589.0K | $870.0K | $1.9M | $1.0M | $75.0K | — | $311.0K | — |
| Net income | $20.6M | $51.0M | $8.5M | $5.7M | $6.8M | $13.3M | -$11.0M | -$5.8M | — | — |
| EPS, basic | -0.15 | -0.43 | -0.49 | -0.49 | -0.64 | -0.46 | -0.59 | — | — | — |
| EPS, diluted | -0.15 | -0.43 | -0.49 | -0.49 | -0.64 | -0.46 | -0.59 | -0.34 | -0.26 | — |
| Shares, diluted (wtd. avg.) | $133.8M | $119.9M | $35.6M | $35.6M | $34.6K | $29.7M | $20.5M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $36.5M | $44.4M | $19.0M | $17.7M | $26.5M | $18.1M | $16.4M | $10.2M | $5.1M | $5.0M |
| Short-term investments | — | — | — | — | — | — | — | $394.0K | — | — |
| Receivables | $93.8M | $78.6M | $30.3M | $32.6M | $31.9M | $24.1M | $27.0M | $9.2M | — | — |
| Inventory | $22.4M | $18.4M | $21.7M | $22.3M | $20.3M | $12.9M | $16.4M | $4.6M | — | — |
| Total current assets | $179.2M | $169.1M | $169.8M | $81.2M | $85.2M | $64.8M | $71.2M | $32.7M | — | — |
| Property, plant and equipment | $62.4M | $58.0M | $12.7M | $9.2M | $8.5M | $8.8M | $8.2M | $2.1M | — | — |
| Goodwill | $412.0M | $383.1M | $83.5M | $83.5M | $83.5M | $83.3M | $89.1M | $7.3M | — | — |
| Other intangibles | $255.5M | $258.6M | $19.7M | $22.9M | $24.8M | $31.3M | $36.6M | $4.7M | — | — |
| Total assets | $955.6M | $910.1M | $308.7M | $218.1M | $226.0M | $219.6M | $223.0M | $57.8M | — | — |
| Accounts payable | $46.4M | $41.6M | $20.0M | $14.7M | $28.0M | $9.9M | $15.4M | $6.6M | — | — |
| Short-term debt | $6.3M | $4.8M | $2.0M | $4.6M | $6.0M | $5.3M | $2.7M | — | — | — |
| Total current liabilities | $158.0M | $151.0M | $43.6M | $44.5M | $44.0M | $35.9M | $43.4M | $16.9M | — | — |
| Long-term debt | $229.7M | $232.2M | $113.8M | $11.4M | $16.3M | $23.2M | $26.5M | — | — | — |
| Total liabilities | $473.9M | $463.3M | $179.8M | $77.0M | $83.5M | $88.3M | $91.5M | $26.3M | — | — |
| Retained earnings | -$226.3M | -$205.8M | -$154.8M | -$140.8M | -$137.5M | -$121.2M | -$112.1M | -$101.2M | — | — |
| Total equity | $475.5M | $446.6M | $57.6M | $69.0M | $83.4M | $74.4M | $84.2M | $31.5M | $33.0M | $16.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.5M | -$3.3M | $4.4M | $1.2M | -$5.4M | $8.8M | -$7.3M | -$1.7M | $3.9M | — |
| Depreciation and amortisation | $60.3M | $47.5M | $9.4M | $8.3M | $8.6M | $8.4M | $3.3M | $1.6M | $1.1M | — |
| Stock-based compensation | $7.5M | $9.4M | $3.9M | $4.3M | $4.7M | $4.3M | $3.8M | $2.2M | $2.4M | — |
| Capital expenditure | $21.6M | $20.0M | $3.5M | $4.0M | $2.4M | $3.2M | $1.0M | $251.0K | $386.0K | — |
| Investing cash flow | -$39.7M | -$170.6M | $1.5M | -$6.3M | -$3.0M | -$3.3M | -$65.5M | $6.6M | -$17.7M | — |
| Financing cash flow | $151.0K | $115.7M | -$3.7M | -$282.0K | $16.2M | -$3.9M | $78.6M | $69.0K | $14.3M | — |
| Buybacks | $0 | $2.8M | $141.0K | $211.0K | — | — | $317.0K | $652.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-035236.
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