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

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

1M 1Y 5Y

Latest filings (excl ownership)

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8-K/A

Departure of Directors or Certain Officers

6 Jan 23

8-K

Powerfleet Appoints Seasoned Executive David Wilson as Chief Financial Officer

9 Nov 22

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

9 Aug 22

PowerFleet Reports 10-Quarter Revenue High and Improved Bottom Line Performance for Second Quarter 2022

8 Aug 22

Transcripts

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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

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Change in insider ownership

4 Jan 23

Change in insider ownership

Change in insider ownership

4 Oct 22

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