powerfleet, inc. develops, markets, and sells wireless internet-of-things and machine-to-machine solutions in the united states, israel, and internationally. the company offers industrial solutions, such as on-premise or in-facility asset and operator management, monitoring, and visibility for industrial trucks, such as forklifts and ground support equipment at airports. it also provides logistic solutions, including bumper-to-bumper asset management, monitoring, and visibility for heavy trucks, dry-van trailers, refrigerated trailers, shipping containers, etc., as well as associated cargos; and mobile-asset tracking and condition-monitoring solutions. in addition, the company offers vehicle solutions to enhance the vehicle fleet management process. further, it provides hosting, maintenance, and support and consulting services; and software as a service covering system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and softw
Company profile
Ticker
AIOT
Exchange
Website
CEO
Chris Wolfe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Iridium Communications • Esco • Lumentum • UTStarcom • Turtle Beach • Senstar Technologies • Inseego • Iteris • NAPCO Security • Track ...
SEC CIK
Corporate docs
Subsidiaries
Asset Intelligence, LLC • I.D. Systems, Inc. • Keytroller, LLC • Main Street 2000 (PTY) Ltd. • MiX Telematics Limited • MiX Telematics Africa (PTY) Ltd. • MiX Telematics Australasia (PTY) Ltd. • MiX Telematics Enterprise SA • MiX Telematics Europe Limited • MiX Telematics Fleet Support Services (PTY) Ltd. ...
IRS number
834366463
AIOT stock data
Latest filings (excl ownership)
8-K/A
Financial Statements and Exhibits
14 Jun 24
8-K
Other Events
31 May 24
SD
Conflict minerals disclosure
31 May 24
10-K
2023 FY
Annual report
9 May 24
8-K
Powerfleet Announces Change of Fiscal Year End
9 May 24
8-K
Powerfleet Appoints Andrew Martin to Board of Directors
30 Apr 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
5 Apr 24
8-K
Powerfleet and MiX Telematics Close Business Combination, Creating New Top-Tier Global AIoT SaaS Provider
2 Apr 24
8-K
Other Events
1 Apr 24
8-K
Entry into a Material Definitive Agreement
22 Mar 24
Transcripts
AIOT
Earnings call transcript
2023 Q4
12 Mar 24
AIOT
Earnings call transcript
2023 Q3
9 Nov 23
AIOT
Earnings call transcript
2023 Q2
8 Aug 23
AIOT
Earnings call transcript
2023 Q2
8 Aug 23
AIOT
Earnings call transcript
2023 Q1
9 May 23
AIOT
Earnings call transcript
2022 Q4
9 Mar 23
AIOT
Earnings call transcript
2022 Q3
8 Nov 22
AIOT
Earnings call transcript
2022 Q2
8 Aug 22
AIOT
Earnings call transcript
2022 Q1
14 May 22
AIOT
Earnings call transcript
2021 Q4
9 Mar 22
Latest ownership filings
11-K
Annual report of employee stock purchases
28 Jun 24
4
IAN JACOBS
21 Jun 24
4
Michael Brodsky
21 Jun 24
4
Michael J McConnell
21 Jun 24
4/A
IAN JACOBS
21 Jun 24
4/A
Michael J McConnell
21 Jun 24
4/A
Michael Brodsky
21 Jun 24
SC 13G/A
AWM Investment Company, Inc.
10 Jun 24
4
Michael J McConnell
3 Jun 24
4
Michael Brodsky
3 Jun 24
Financial summary
Quarter (USD) | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
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Operating income | |||||
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 19.33 mm | 19.33 mm | 19.33 mm | 19.33 mm | 19.33 mm | 19.33 mm |
Cash burn (monthly) | 91.67 k | (no burn) | 1.32 mm | 465.83 k | (no burn) | (no burn) |
Cash used (since last report) | 568.43 k | n/a | 8.21 mm | 2.89 mm | n/a | n/a |
Cash remaining | 18.76 mm | n/a | 11.13 mm | 16.44 mm | n/a | n/a |
Runway (months of cash) | 204.7 | n/a | 8.4 | 35.3 | n/a | n/a |
Institutional ownership, Q1 2024
10.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 14 |
Opened positions | 11 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 13.10 bn |
Total shares | 10.80 mm |
Total puts | 0.00 |
Total calls | 114.10 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
ABRY Senior Equity Holdings V | 8.20 mm | $28.14 mm |
AMH Equity | 1.10 mm | $5.87 bn |
Susquehanna International | 463.45 k | $2.47 bn |
Equitable Trust | 269.99 k | $1.44 bn |
Pinnacle Associates | 257.84 k | $1.38 bn |
Russell Investments | 192.32 k | $1.02 bn |
Simplex Trading | 128.85 k | $688.00 k |
Calamos Advisors | 112.36 k | $599.99 mm |
HighTower Advisors | 19.10 k | $102.00 mm |
Oak Family Advisors | 18.73 k | $100.00 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Jun 24 | Jacobs Ian | Stock options Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 4.31 | 125,000 | 538.75 k | 125,000 |
18 Jun 24 | Brodsky Michael | Stock options Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 4.31 | 125,000 | 538.75 k | 125,000 |
18 Jun 24 | McConnell Michael J | Stock options Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 4.31 | 125,000 | 538.75 k | 125,000 |
16 May 24 | Jacobs Ian | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 18,028 | 0.00 | 48,746 |
16 May 24 | Jacobs Ian | Stock options Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 5.45 | 35,920 | 195.76 k | 35,920 |
16 May 24 | Brodsky Michael | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 18,028 | 0.00 | 275,206 |
16 May 24 | Brodsky Michael | Stock options Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 5.45 | 35,920 | 195.76 k | 35,920 |
News
12 Information Technology Stocks Moving In Thursday's After-Market Session
6 Jun 24
Powerfleet Changes Fiscal Year End From December 31, 2024 To March 31, 2024, Effective Immediately; Reiterates Its Guidance For Revenue And Adjusted EBITDA For Powerfleet And MiX Telematic
9 May 24
Barrington Research Maintains Outperform on PowerFleet, Raises Price Target to $10
30 Apr 24
12 Information Technology Stocks Moving In Monday's After-Market Session
15 Apr 24
Press releases
IMC Logistics, LLC Deploys Powerfleet's Unity Platform
20 Jun 24
Frazier Healthcare Partners Adds Three New Team Members to Its Center of Excellence
13 Jun 24
Powerfleet Set to Join Russell 2000® Index
10 Jun 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PowerFleet, Inc. - PWFL
30 May 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PowerFleet, Inc. - PWFL
28 May 24