PowerFleet reports preliminary Q2 results [Seeking Alpha]
PowerFleet, Inc. (AIOT)
Company Research
Source: Seeking Alpha
million, representing an increase of 10% compared to the combined revenue of Powerfleet and MiX Telematics Ltd. in the same period last year. Additionally, preliminary pro forma adjusted EBITDA, a non-GAAP metric, is projected to exceed $13.5 million, exclusive of $14 million in one-time expenses, reflecting an increase of over 40% versus the combined adjusted EBITDA from the prior year's comparable period. Powerfleet is increasing its full-year fiscal 2025 guidance, forecasting revenue now to exceed $300 million versus prior guidance of approximately $300 million and adjusted EBITDA to exceed $60 million, which includes an incremental $5 million in secured exit run-rate cost synergies, versus the prior guidance of approximately $60 million.
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News
- Powerfleet to Host Investor Day on November 20, 2024PR Newswire
- Powerfleet, Inc. (NASDAQ: AIOT) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $10.00 price target on the stock.MarketBeat
- Powerfleet Closes Strategic Acquisition of Fleet CompletePR Newswire
- Powerfleet and Fleet Complete to Host Fireside Chat on October 2, 2024PR Newswire
- Powerfleet, Inc. (NASDAQ: AIOT) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $10.00 price target on the stock.MarketBeat