PowerFleet, Inc. (AIOT)

From the record

PowerFleet, Inc.'s filings since 2019 show 14 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2024-08-16); a warning not to rely on past financial statements (8-K item 4.02, the latest 2024-04-05); an auditor change (8-K item 4.01, 3 times, the latest 2024-08-16); a late-report notice (Form NT 10-K or NT 10-Q, 7 times, the latest 2025-06-17) (its current reports).

From the record

PowerFleet, Inc.'s 9 filed years say what it did: revenue went from $41 million in fiscal 2017 to $444 million in fiscal 2026, up 33.5% a year; it rose in 7 of 8 years; the deepest fall was 2% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2026-03-31, PowerFleet, Inc.'s diluted share count grew about 50.3% a year, and dividends and buybacks returned about 9% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2026-03-31, PowerFleet, Inc. lost about 4 cents for every dollar of shareholders' money, and gross profitability: its products earned about 26 cents per dollar of everything the company owns. Leverage: it owed about 50 cents per dollar of assets, and net share issuance: its share count grew 11.6% over the year (the filed statements).

From the record

PowerFleet, Inc.'s standing among 12 graded names in its industry family: revenue of $444 million in fiscal 2026 ranks in the top 21% by size; a net margin of -4.6% ranks in the top 46%; revenue growth of 44% a year over the last 3 filed years ranks in the top 4% (its annual reports).

From the record

PowerFleet, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Towe, Steven Mark (Chief Executive Officer, as filed), filing under that title since 2022-01-10, 4.8 years (top 19% of its family); most of the 8 officers and directors filing now have filed since the record of its people begins (2024-04-02), a floor of 2.6 years the record cannot see past, so that part is not read; 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 22%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

PowerFleet, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $36 million against debt of $230 million leaves -20.2% of its assets as net cash, bottom 4% of its family; cash from operations less capital spending is 2% of revenue (bottom 46%); a gross margin of 55.5% (top 23%); research spending of 4.1% of revenue (bottom 13%) (its annual report).

From the record

PowerFleet, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 44% a year over the last three filed years against 33.5% over all 9, speeding up (top 12% of its family); the newest year grew 22.4% (top 21%); research spending grew 26.9% a year (top 12%); capital spending grew 68% a year (top 12%) (its annual reports). PowerFleet, Inc. reported 2 product lines in fiscal 2026: Service at $360 million (81%), Product at $84 million (19%); 1 of 2 grew against the year before (its annual report).

From the record

PowerFleet, Inc.'s newest year against its own record: revenue of $444 million in fiscal 2026 came in 20.9% below the $561 million its prior three years' pace pointed to (bottom 38% of its family); net income of $21 million against a prior three-year average of $29 million (top 46%); a net margin of -4.6% against -13.2% before (bottom 46%) (its annual reports).