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PowerFleet (AIOT) Reports Mixed Q4 Results: Revenue Surges 42% but EPS Falls Short
PowerFleet (AIOT) Reports Mixed Q4 Results: Revenue Surges 42% but EPS Falls Short
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PowerFleet, Inc. (NASDAQ: AIOT) delivered a mixed performance in its fourth-quarter earnings report. Revenue soared 42% year-over-year to $103.6 million, surpassing expectations, while adjusted EBITDA jumped 84% to $20.4 million. Despite these gains, non-GAAP earnings per share of $0.02 missed estimates by $0.02, sending shares down 4.38% to $4.76.
The company''s full-year revenue nearly tripled to $362.5 million, with recurring revenue accounting for 79% of total sales. Gross margins expanded to over 60%, up from 53% the prior year, driven by strong service demand and successful integration of acquisitions MiX and Fleet Complete. For FY26, PowerFleet set a revenue target of approximately $430 million.
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