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
PWFL
Exchange
Website
CEO
Chris Wolfe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
I.D. Systems, Inc. • Asset Intelligence, LLC • Keytroller, LLC • PowerFleet GmbH • PowerFleet Systems Ltd • PowerFleet Israel Ltd. • Pointer Telocation Ltd. • Pointer Argentina S.A. • Pointer Recuperación de México, S.A. de C.V. • Pointer Logistica y Monitoreo, S.A. de C.V. ...
IRS number
834366463
PWFL stock data
Latest filings (excl ownership)
S-4
Registration of securities issued in business combination transactions
17 Nov 23
425
Business combination disclosure
16 Nov 23
8-K
Regulation FD Disclosure
16 Nov 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
NT 10-Q
Notice of late quarterly filing
9 Nov 23
425
Business combination disclosure
9 Nov 23
8-K
Powerfleet Reports Third Quarter and Nine Month 2023 Financial Results
9 Nov 23
425
Business combination disclosure
30 Oct 23
425
Business combination disclosure
10 Oct 23
425
Business combination disclosure
10 Oct 23
Transcripts
PWFL
Earnings call transcript
2023 Q3
9 Nov 23
PWFL
Earnings call transcript
2023 Q2
8 Aug 23
PWFL
Earnings call transcript
2023 Q1
9 May 23
PWFL
Earnings call transcript
2022 Q4
9 Mar 23
PWFL
Earnings call transcript
2022 Q3
8 Nov 22
PWFL
Earnings call transcript
2022 Q2
8 Aug 22
PWFL
Earnings call transcript
2022 Q1
14 May 22
PWFL
Earnings call transcript
2021 Q4
9 Mar 22
PWFL
Earnings call transcript
2021 Q3
6 Nov 21
PWFL
Earnings call transcript
2021 Q3
4 Nov 21
Latest ownership filings
SC 13G/A
Private Capital Management, LLC
12 Oct 23
4
Steven Mark Towe
12 Sep 23
4
MICHAEL J CASEY
11 Aug 23
4
Michael Brodsky
11 Aug 23
4
Charles Frumberg
11 Aug 23
4
MICHAEL J CASEY
28 Jul 23
4
Michael Brodsky
28 Jul 23
4
ELCHANAN MAOZ
28 Jul 23
4
Charles Frumberg
28 Jul 23
11-K
Annual report of employee stock purchases
29 Jun 23
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Revenue | |||||
| Cost of revenue | |||||
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| 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) | 19.61 mm | 19.61 mm | 19.61 mm | 19.61 mm | 19.61 mm | 19.61 mm |
| Cash burn (monthly) | 810.33 k | (no burn) | 1.14 mm | 237.50 k | 524.00 k | (no burn) |
| Cash used (since last report) | 1.84 mm | n/a | 2.59 mm | 539.81 k | 1.19 mm | n/a |
| Cash remaining | 17.77 mm | n/a | 17.02 mm | 19.07 mm | 18.42 mm | n/a |
| Runway (months of cash) | 21.9 | n/a | 15.0 | 80.3 | 35.1 | n/a |
Institutional ownership, Q2 2023
82.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 42 |
| Opened positions | 3 |
| Closed positions | 10 |
| Increased positions | 17 |
| Reduced positions | 10 |
| 13F shares | Current |
|---|---|
| Total value | 66.58 bn |
| Total shares | 30.79 mm |
| Total puts | 300.00 |
| Total calls | 500.00 |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| ABRY Senior Equity Holdings V | 8.20 mm | $28.14 mm |
| Private Capital Management | 5.05 mm | $15.16 bn |
| Lynrock Lake | 3.60 mm | $10.81 bn |
| AWM Investment | 2.83 mm | $8.48 bn |
| ArrowMark Colorado | 1.60 mm | $4.81 bn |
| AMP Ameriprise Financial | 1.60 mm | $4.80 bn |
| Vanguard | 1.55 mm | $4.66 bn |
| Brandywine Global Investment Management | 1.14 mm | $3.43 bn |
| Royce & Associates | 994.52 k | $2.98 bn |
| Jacob Asset Management Of New York | 659.04 k | $1.98 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Sep 23 | Steven Mark Towe | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 900,000 | 0.00 | 1,131,754 |
| 28 Jul 23 | Frumberg Charles | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 2.74 | 10,889 | 29.84 k | 150,665 |
| 28 Jul 23 | Brodsky Michael | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 2.74 | 9,322 | 25.54 k | 264,457 |
| 28 Jul 23 | Casey Michael J | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 2.74 | 9,322 | 25.54 k | 186,003 |
| 26 Jul 23 | Frumberg Charles | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 20,562 | 0.00 | 161,554 |
News
Powerfleet Launches AI-Powered Solution To Revolutionize Pedestrian Safety
7 Dec 23
Black Friday Preview: 'Consumers Will Likely Show Up' — 14 Retail, Technology Stock Picks From Analysts
20 Nov 23
Barrington Research Reiterates Outperform on PowerFleet, Maintains $7 Price Target
20 Nov 23
Barrington Research Reiterates Outperform on PowerFleet, Maintains $7 Price Target
15 Nov 23
PowerFleet Q3 EPS $(0.14) Misses $(0.07) Estimate, Sales $34.20M Beat $33.85M Estimate
9 Nov 23
Press releases
Powerfleet Launches AI-Powered Solution to Revolutionize Pedestrian Safety
7 Dec 23
Powerfleet Named a Top Innovator by ABI Research
5 Dec 23
MiX Telematics and Powerfleet to Present at the Raymond James TMT and Consumer Conference on December 5, 2023
29 Nov 23
MiX Telematics Reports Second Quarter Fiscal Year 2024 U.S. GAAP Financial Results
8 Nov 23
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MRTX, NWLI, PWFL
11 Oct 23