Powerfleet to Host Investor Day on November 20, 2024
WOODCLIFF LAKE, N.J. , Oct. 7, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) will host an Investor Day with financial analysts and institutional investors on Wednesday, November 20 on location at Sofitel New York in New York, NY as well as virtually.
Powerfleet Closes Strategic Acquisition of Fleet Complete
Acquisition Expected to Create a $400m+ Revenue Company, Including $300m+ of Recurring SaaS Revenue, $85m EBITDA, and Significant Expansion Opportunities WOODCLIFF LAKE, N.J. , Oct. 1, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) has successfully closed the previously announced acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.
Powerfleet and Fleet Complete to Host Fireside Chat on October 2, 2024
WOODCLIFF LAKE, N.J., Sept. 25, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) will host a fireside chat with analysts and investors on October 2 at 8.30 a.m.
Why Artificial Intelligence Stock Powerfleet Triumphed Today
The artificial intelligence of things (AIoT) specialist announced an acquisition. It is buying a peer in a transaction valued at $200 million.
Overlooked Stock: AIOT
Powerfleet (AIOT) nearly touched its 52-week high on Wednesday after agreeing to acquire Fleet Complete. George Tsilis talks about what makes the move so important for the "artificial-intelligence-of-things" company.
Powerfleet Announces Strategic Acquisition of Fleet Complete
Expected to Create Industry Powerhouse with Total Revenue Anticipated to Exceed $400 Million Including $300+ Million of Recurring High Margin SaaS Revenue Highly Accretive with $200 Million Transaction Value Representing 8x Pre-Synergy and 5x Post-Synergy Adjusted EBITDA Acquisition Strengthens Powerfleet's North American Presence, Fuels Top-Line Growth in Europe and Australia, and Extends Go-to-Market Reach through Scaled Indirect Channel Transaction Accelerates Powerfleet's Momentum towards Achieving Long-Term 20%+ Organic Revenue Growth and Rule of 40 Performance Creates Highly Effective Combined Global Entity with over 2.6 Million Combined Subscribers and 2,500 Employees with Dedicated Teams to Support Customers across 6 Continents Transaction Expected to Close on October 1, 2024 Leadership Teams to Host Joint Q&A Call with Analysts and Investors Today, September 18, 2024 at 10:30 am ET WOODCLIFF LAKE, N.J. , Sept. 18, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), a leading provider of AIoT SaaS solutions for the mobile asset industry, today announced it has entered into a definitive agreement providing for the strategic acquisition of Fleet Complete, a prominent player in connected vehicle technology and fleet management.
ABI Research Ranks Powerfleet as the World's No. 1 Commercial Cold Chain Solution
Competitive ranking recognizes Powerfleet's cold chain offering as the global leader in the space, citing its Unity platform as a key differentiator WOODCLIFF LAKE, N.J. , Sept. 17, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT) today was named the number one global leader in cold chain monitoring solutions, according to a competitive ranking assessment by ABI Research.
Powerfleet Reports First Quarter 2025 Financial Results
Focused execution following the business combination with MiX Telematics evidenced by annual revenue and AEBITDA growth of +10% and +50%, respectively Revenue Grows 10.2% annually to $75.4 million, driven by unity ecosystem and safety-centric solutions Cost synergy traction with $8.7 million in annual run-rate savings secured by end of June quarter WOODCLIFF LAKE, N.J. , Aug. 22, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: AIOT), reported its financial results for the first quarter ended June 30, 2024.
Powerfleet Announces Successful Resolution of SEC Comment Letter Involving Non-Cash Accounting Issue
Sets First Quarter Fiscal 2025 Conference Call for Thursday, August 22, 2024, at 8:30 a.m. ET Expects to File Transition Report on Form 10-KT for the transition period ended March 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 on or before August 23 rd WOODCLIFF LAKE, N.J.
