Quarterly ResultAug 10, 2026, 04:15 PM
Powerfleet Q2 Revenue $110.8M; Net Loss $(8.4M)
AI Summary
Powerfleet, Inc. reported its second-quarter 2026 financial results, showing a reduction in net loss and an increase in total revenues. The company achieved a profit from operations of $0.27 million, a significant improvement from a loss in the prior year. Net cash provided by operating activities also saw a substantial increase, reflecting improving operational performance.
Key Highlights
- Total revenues increased to $110.8 million from $104.1 million year-over-year.
- Net loss attributable to common stockholders reduced to $(8.4) million from $(10.2) million.
- Net loss per share improved to $(0.06) from $(0.08) year-over-year.
- Profit from operations was $0.27 million, up from a $(2.04) million loss year-over-year.
- Net cash provided by operating activities rose to $8.4 million from $4.7 million.
- Service revenues grew to $94.3 million from $86.5 million year-over-year.
- Goodwill increased to $421.1 million as of June 30, 2026.
- Total assets increased to $962.6 million as of June 30, 2026.
Price Impact
More from AIOT