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
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)
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
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
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
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
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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 |
Institutional ownership, Q3 2022
87.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 54 |
Opened positions | 6 |
Closed positions | 4 |
Increased positions | 12 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 129.00 mm |
Total shares | 31.73 mm |
Total puts | 249.50 k |
Total calls | 354.10 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
ABRY Senior Equity Holdings V | 7.48 mm | $54.29 mm |
Lynrock Lake | 3.58 mm | $11.03 mm |
Private Capital Management | 2.64 mm | $8.13 mm |
North Run Capital L P | 2.37 mm | $7.29 mm |
AMP Ameriprise Financial | 1.67 mm | $5.15 mm |
AWM Investment | 1.58 mm | $4.87 mm |
Vanguard | 1.56 mm | $4.80 mm |
ArrowMark Colorado | 1.32 mm | $4.07 mm |
Ardsley Advisory Partners | 1.27 mm | $3.91 mm |
Royce & Associates | 1.18 mm | $3.64 mm |
Recent insider trades
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 |
News
Powerfleet Appoints Seasoned Executive David Wilson As Chief Financial Officer
4 Jan 23
Powerfleet Expands Personal Safety IoT Marketplace Through Partnership With ClickNow
11 Nov 22
Offer Lehmann Named COO of PowerFleet
9 Nov 22
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