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PowerFleet (PWFL)

Company Profile
PowerFleet® Inc. is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. PowerFleet's patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Its offerings are sold under the global brands PowerFleet, Pointer, and Cellocator.

Company profile

Ticker
PWFL
Exchange
NASDAQ
Website
www.powerfleet.com
CEO
Chris Wolfe
Employees
Incorporated
Delaware
Location
New Jersey
Fiscal year end
Dec 31
Sector
Manufacturing > Electromedical and Electrotherapeutic Apparatus Manufacturing
Industry (SIC)
Communications Equipment, NEC
Iridium Communications • Esco • Lumentum • UTStarcom • Inseego • Senstar Technologies • Iteris • NAPCO Security • Vocera Communications • Wireless Telecom ...
SEC CIK
0001774170
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
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)
View all
8-K/A
Departure of Directors or Certain Officers
6 Jan 23
8-K
Powerfleet Appoints Seasoned Executive David Wilson as Chief Financial Officer
4 Jan 23
10-Q
2022 Q3
Quarterly report
9 Nov 22
8-K
Entry into a Material Definitive Agreement
8 Nov 22
8-K
Powerfleet Reports Third Quarter 2022 Financial Results
8 Nov 22
8-K
Entry into a Material Definitive Agreement
3 Nov 22
8-K
Powerfleet appoints Elchanan (Nani) Maoz to Board of Directors
18 Oct 22
10-K/A
2021 FY
Annual report (amended)
25 Aug 22
10-Q
2022 Q2
Quarterly report
9 Aug 22
8-K
PowerFleet Reports 10-Quarter Revenue High and Improved Bottom Line Performance for Second Quarter 2022
8 Aug 22
Transcripts
View all
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 Q2
8 Aug 21
PWFL
Earnings call transcript
2021 Q1
8 May 21
PWFL
Earnings call transcript
2020 Q4
26 Feb 21
PWFL
Earnings call transcript
2020 Q3
9 Nov 20
PWFL
Earnings call transcript
2020 Q2
8 Aug 20
PWFL
Earnings call transcript
2020 Q1
14 May 20
Latest ownership filings
View all
4
DAVID WILSON
6 Jan 23
3
DAVID WILSON
6 Jan 23
4
Change in insider ownership
4 Jan 23
4
Change in insider ownership
4 Jan 23
4
MICHAEL J CASEY
23 Nov 22
3
Offer Lehmann
8 Nov 22
4
ELCHANAN MAOZ
19 Oct 22
3
ELCHANAN MAOZ
19 Oct 22
4
Change in insider ownership
4 Oct 22
4
Change in insider ownership
4 Oct 22

Financial summary

Financial statements Chart PWFL financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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) 17.01 mm 17.01 mm 17.01 mm 17.01 mm 17.01 mm 17.01 mm
Cash burn (monthly) 333.33 k 1.43 mm 509.67 k 972.67 k (no burn) 457.17 k
Cash used (since last report) 1.40 mm 6.00 mm 2.14 mm 4.09 mm n/a 1.92 mm
Cash remaining 15.61 mm 11.01 mm 14.87 mm 12.92 mm n/a 15.09 mm
Runway (months of cash) 46.8 7.7 29.2 13.3 n/a 33.0

Beta Read what these cash burn values mean

Financial data from PowerFleet earnings reports.

Institutional ownership, Q3 2022

PWFL institutional ownership history Ownership history
87.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 54 52 +3.8%
Opened positions 6 3 +100.0%
Closed positions 4 10 -60.0%
Increased positions 12 18 -33.3%
Reduced positions 14 13 +7.7%
13F shares Current Prev Q Change
Total value 129.00 mm 196.14 mm -34.2%
Total shares 31.73 mm 31.88 mm -0.5%
Total puts 249.50 k 249.50 k –
Total calls 354.10 k 353.80 k +0.1%
Total put/call ratio 0.7 0.7 -0.1%
Largest owners Shares Value Change
ABRY Senior Equity Holdings V 7.48 mm $54.29 mm 0.0%
Lynrock Lake 3.58 mm $11.03 mm 0.0%
Private Capital Management 2.64 mm $8.13 mm +1.8%
North Run Capital L P 2.37 mm $7.29 mm -4.8%
AMP Ameriprise Financial 1.67 mm $5.15 mm +4.8%
AWM Investment 1.58 mm $4.87 mm +0.2%
Vanguard 1.56 mm $4.80 mm -1.2%
ArrowMark Colorado 1.32 mm $4.07 mm 0.0%
Ardsley Advisory Partners 1.27 mm $3.91 mm 0.0%
Royce & Associates 1.18 mm $3.64 mm 0.0%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -121.62 k EXIT
North Run Capital L P 2.37 mm -120.28 k -4.8%
Cannell Capital 1.13 mm +107.09 k +10.5%
Invenomic Capital Management 0.00 -107.06 k EXIT
AMP Ameriprise Financial 1.67 mm +76.50 k +4.8%
Private Capital Management 2.64 mm +46.24 k +1.8%
Brandywine Global Investment Management 1.15 mm -42.79 k -3.6%
Susquehanna International 41.10 k +41.10 k NEW
Renaissance Technologies 298.15 k -26.20 k -8.1%
Caption Management 211.30 k +23.85 k +12.7%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PWFL insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jan 23 David Wilson Common Stock, par value $0.01 per share Grant Acquire A No No 0 75,000 0.00 75,000
4 Jan 23 David Wilson Employee Stock Options Common Stock, par value $0.01 per share Grant Acquire A No No 3 275,000 825.00 k 275,000
4 Jan 23 David Wilson Employee Stock Options Common Stock, par value $0.01 per share Grant Acquire A No No 3 130,000 390.00 k 130,000
31 Dec 22 ABRY Senior Equity V Series A Preferred Stock Common Stock, par value $0.01 per share Other Acquire J No No 1000 910.46 910.46 k 49,468.341
31 Dec 22 ABRY Senior Equity Holdings V Series A Preferred Stock Common Stock, par value $0.01 per share Other Acquire J Yes No 1000 174.454 174.45 k 9,478.676
31 Dec 22 ABRY Senior Equity Holdings V Series A Preferred Stock Common Stock, par value $0.01 per share Other Acquire J Yes No 1000 910.46 910.46 k 49,468.341
21 Nov 22 Casey Michael J Common Stock, par value $0.01 per share Buy Acquire P No No 2.97 17,787 52.83 k 174,763
21 Nov 22 Casey Michael J Common Stock, par value $0.01 per share Buy Acquire P No No 2.95 2,213 6.53 k 156,976
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Powerfleet Appoints Seasoned Executive David Wilson As Chief Financial Officer
4 Jan 23
Powerfleet, Inc. (NASDAQ:PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has
Powerfleet Expands Personal Safety IoT Marketplace Through Partnership With ClickNow
11 Nov 22
Powerfleet, Inc. (NASDAQ:PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has
Offer Lehmann Named COO of PowerFleet
9 Nov 22
8K- On November 2, 2022, PowerFleet, Inc. (the "Company" or "Powerfleet") appointed Offer Lehmann as the Chief Operating Officer of the Company
PowerFleet Q3 Adj EPS $0.04 Beats $(0.09) Estimate, Sales $34.30M Miss $34.68M Estimate
8 Nov 22
Earnings Scheduled For November 8, 2022
8 Nov 22

Press releases

From Benzinga Pro
Powerfleet Expands Personal Safety IoT Marketplace Through Partnership with ClickNow
11 Nov 22
WOODCLIFF LAKE, N.J., Nov. 11, 2022 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (NASDAQ:PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets
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