Powerfleet FY26 Revenue Jumps 22% to $443.78M, EPS Loss Narrows 65%
AIOT sits 49% above its 52-week low of $2.775 on elevated volume (2.7× avg).
Summary
Powerfleet reported strong fiscal year 2026 results, with revenue increasing 22.4% to $443.78 million. The company significantly narrowed its net loss by 59.7% to ($20.55 million) and diluted EPS loss by 65.1% to ($0.15). This follows earlier announcements today of strong full-year performance, with these detailed figures confirming substantial operational improvements. The growth was primarily driven by a 29.9% increase in services revenue, now 81.1% of total revenue, reflecting a successful shift towards recurring offerings. Improved gross margin to 55.5% and adjusted EBITDA of $97.0 million highlight the company's enhanced financial health and operational leverage.
At the time of this announcement, AIOT was trading at $4.13 on NASDAQ in the Technology sector, with a market capitalization of approximately $555.4M. The 52-week trading range was $2.78 to $5.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.