Welcome to our dedicated page for PowerFleet news (Ticker: AIOT), a resource for investors and traders seeking the latest updates and insights on PowerFleet stock.
Powerfleet, Inc. reports news around its AIoT software-as-a-service platform for mobile asset management. The company ingests, harmonizes and integrates data from IoT devices, third-party applications and partner ecosystems to support fleet visibility, operational intelligence and enterprise asset workflows.
Recurring updates cover services-revenue performance, conference presentations, customer and channel activity, public-sector fleet contracts, and product launches such as Vision 360 Plus, an AI-powered video solution for multi-camera coverage and driver-safety workflows. Governance changes and listings on Nasdaq under AIOT and the Johannesburg Stock Exchange under PWR also appear in company announcements.
Powerfleet (Nasdaq: AIOT) has announced the appointment of Deloitte & Touche as its new independent auditor, replacing Ernst & Young LLP, effective upon filing the Transition Report on Form 10-KT for the period from January 1, 2024, to March 31, 2024. This change aligns Powerfleet's auditor with that of MiX Telematics Despite delays in filing the transition report, Powerfleet has reiterated its financial guidance for the combined entity:
- Twelve months ending March 31, 2024: Revenue exceeding $285 million and adjusted EBITDA exceeding $40 million
- Twelve months ending March 31, 2025: Revenue of approximately $300 million and adjusted EBITDA of $60 million, including $5 million in cost synergies
CFO David Wilson expressed confidence in meeting future SEC reporting deadlines with Deloitte's partnership.