PowerFleet, Inc. (AIOT) 10-Year Financial Performance & Capital Metrics

AIOT • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

AboutPowerFleet, Inc. provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications. It also provides hosting, maintenance, and support and consulting services; and Software as a Service, including system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company offers its products under the PowerFleet, Pointer, and Cellocator brands. It sells its products to commercial and government sectors in manufacturing, automotive manufacturing, wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, aerospace and defense, homeland security, and vehicle rental, logistics, shipping, and freight transportation markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and industrial equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.Show more

Revenue $363M
EBITDA $16M
Net Income -$51M
EPS (Diluted) -0.43 +12.2%
Gross Margin 53.66%
EBITDA Margin 4.38%
Operating Margin -7.14%
Net Margin -14.06%
ROE -17.71% +52.0%
ROIC -4.25% +58.6%
Debt/Equity 0.64 -32.9%
Interest Coverage -1.27 +92.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 34.6%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y23.03%

5Y34.65%

3Y42.24%

TTM79.22%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM40.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM60.28%

ROCE

10Y Avg-11.72%

5Y Avg-5.36%

3Y Avg-6.86%

Latest-5.05%

Peer Comparison

IoT Connectivity Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PIImpinj, Inc.	5.46B	181.36	130.47	19.04%	-3.45%	-6.36%	2.04%	1.95
INSGInseego Corp.	163.7M	10.68	106.80	14.32%	-0.12%		20.42%
DGIIDigi International Inc.	1.61B	42.73	39.56	1.46%	9.48%	6.41%	6.72%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	31.05M	5.02	12.87	-9.57%	6.78%	12.99%	2.5%	0.10
ASNSActelis Networks, Inc.	3.52M	0.44	-0.05	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	21.66M	3.44	-2.57	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	94.26M	7.88	-5.97	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	749.42M	5.60	-13.02		-10.93%	-9.17%		0.64

Profit & Loss

	Mar 2016	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	41.78M	36.82M	40.96M	53.06M	81.92M	113.59M	125.96M	135.16M	362.51M	362.51M
Revenue Growth %	-0.08%	-0.12%	0.11%	0.3%	0.54%	0.39%	0.11%	0.07%	1.68%	0%
Cost of Goods Sold+	24.76M	18.53M	20.03M	27.27M	43.55M	54.58M	66.21M	70.99M	167.98M	167.98M
COGS % of Revenue	0.59%	0.5%	0.49%	0.51%	0.53%	0.48%	0.53%	0.53%	0.46%	0.46%
Gross Profit+	17.02M	18.29M	20.93M	25.8M	38.36M	59.02M	59.75M	64.17M	194.54M	194.54M
Gross Margin %	0.41%	0.5%	0.51%	0.49%	0.47%	0.52%	0.47%	0.47%	0.54%	0.54%
Gross Profit Growth %	-0.15%	0.07%	0.14%	0.23%	0.49%	0.54%	0.01%	0.07%	2.03%	0%
Operating Expenses+	27.31M	24.66M	25.02M	31.53M	48.12M	62.62M	67.92M	71.12M	220.42M	220.42M
OpEx % of Revenue	0.65%	0.67%	0.61%	0.59%	0.59%	0.55%	0.54%	0.53%	0.61%	0.61%
Selling, General & Admin	22.75M	20.13M	21.05M	24.67M	0	52.03M	56.5M	62.15M	0	0
SG&A % of Revenue	0.54%	0.55%	0.51%	0.46%	-	0.46%	0.45%	0.46%	-	-
Research & Development	4.56M	4.54M	3.96M	6.86M	8.54M	10.6M	11.43M	8.96M	16.06M	16.06M
R&D % of Revenue	0.11%	0.12%	0.1%	0.13%	0.1%	0.09%	0.09%	0.07%	0.04%	0.04%
Other Operating Expenses	-11K	6K	-1K	-165K	39.58M	0	0	0	204.36M	204.36M
Operating Income+	-10.28M	-6.37M	-4.09M	-5.74M	-9.76M	-3.61M	-8.17M	-6.95M	-25.89M	-25.89M
Operating Margin %	-0.25%	-0.17%	-0.1%	-0.11%	-0.12%	-0.03%	-0.06%	-0.05%	-0.07%	-0.07%
Operating Income Growth %	0.16%	0.38%	0.36%	-0.4%	-0.7%	0.63%	-1.27%	0.15%	-2.73%	0%
EBITDA+	-9.56M	-5.68M	-2.96M	-4.17M	-6.94M	7.65M	381K	4.07M	15.88M	15.88M
EBITDA Margin %	-0.23%	-0.15%	-0.07%	-0.08%	-0.08%	0.07%	0%	0.03%	0.04%	0.04%
EBITDA Growth %	0.04%	0.41%	0.48%	-0.41%	-0.66%	2.1%	-0.95%	9.69%	2.9%	0%
D&A (Non-Cash Add-back)	718K	685K	1.13M	1.56M	2.82M	11.26M	8.55M	11.02M	41.76M	41.76M
EBIT	-10.28M	-6.08M	-3.75M	-5.64M	-4.62M	-3.5M	-8.12M	-3.19M	15.04M	15.04M
Net Interest Income+	0	-8K	-89K	89K	-823K	-2.27M	-2.72M	-1.62M	-1.5M	-19.4M
Interest Income	342K	285K	253K	262K	125K	55K	45K	71K	103K	926K
Interest Expense	0	293K	342K	173K	948K	2.33M	2.76M	1.7M	1.6M	20.33M
Other Income/Expense	-9K	-639K	-90K	-76K	-1.15M	-4.37M	-2.71M	242K	-20.57M	-20.57M
Pretax Income+	-9.95M	-6.37M	-4.18M	-5.81M	-10.91M	-7.97M	-10.88M	-6.71M	-46.45M	-46.45M
Pretax Margin %	-0.24%	-0.17%	-0.1%	-0.11%	-0.13%	-0.07%	-0.09%	-0.05%	-0.13%	-0.13%
Income Tax+	-342K	299K	-311K	0	75K	1.04M	1.89M	296K	4.52M	4.52M
Effective Tax Rate %	1%	1%	0.93%	1%	1.01%	1.13%	1.17%	1.04%	1.1%	1.1%
Net Income+	-9.95M	-6.37M	-3.87M	-5.81M	-10.96M	-9.01M	-12.77M	-7M	-50.99M	-50.99M
Net Margin %	-0.24%	-0.17%	-0.09%	-0.11%	-0.13%	-0.08%	-0.1%	-0.05%	-0.14%	-0.14%
Net Income Growth %	0.14%	0.36%	0.39%	-0.5%	-0.89%	0.18%	-0.42%	0.45%	-6.28%	0%
Net Income (Continuing)	-9.95M	-6.37M	-3.87M	-5.81M	-10.98M	-9.01M	-12.77M	-7M	-50.97M	-50.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	-10K	73K	86K	66K	105K	150K
EPS (Diluted)+	-0.26	-0.16	-0.09	-0.11	-0.18	-0.10	-0.52	-0.07	-0.49	-0.43
EPS Growth %	0.18%	0.38%	0.47%	-0.31%	-0.59%	0.44%	-4.2%	0.87%	-6.35%	0.12%
EPS (Basic)	-0.26	-0.16	-0.09	-0.11	-0.18	-0.10	-0.52	-0.07	-0.49	-0.43
Diluted Shares Outstanding	37.84M	38.95M	44.88M	51.7M	61.43M	89.11M	34.57M	106.18M	35.63M	119.88M
Basic Shares Outstanding	37.84M	38.95M	44.88M	51.7M	61.43M	89.11M	34.57M	106.18M	35.63M	119.88M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	30.63M	27.91M	29.15M	36.22M	71.19M	90.48M	87.91M	87.66M	169.79M	169.08M
Cash & Short-Term Investments	4.75M	5.09M	6.3M	9.52M	16.39M	40.95M	26.45M	24.78M	24.35M	48.79M
Cash Only	4.49M	4.97M	5.1M	9.52M	16.39M	40.95M	26.45M	24.78M	24.35M	48.79M
Short-Term Investments	259K	115K	1.2M	0	0	0	0	0	0	0
Accounts Receivable	12.85M	11.35M	10.04M	14.29M	27.02M	26.56M	32.09M	31.44M	32.59M	78.62M
Days Sales Outstanding	112.26	112.52	89.48	98.29	120.38	85.36	93	84.91	32.82	79.16
Inventory	7.15M	3.92M	4.59M	5.06M	16.38M	13.16M	18.24M	22.65M	21.66M	18.35M
Days Inventory Outstanding	105.43	77.22	83.56	67.71	137.29	88.01	100.57	116.46	47.06	39.87
Other Current Assets	2.26M	3.5M	3.63M	3.22M	7.37M	6.54M	9.05M	7.96M	88.36M	23.32M
Total Non-Current Assets+	13.8M	16.34M	31.78M	26.31M	154.32M	141.12M	141.96M	135.26M	138.89M	740.99M
Property, Plant & Equipment	3.12M	3.08M	2.75M	4.38M	15.26M	18.27M	18.77M	17.29M	20.15M	70.35M
Fixed Asset Turnover	13.40x	11.97x	14.91x	12.11x	5.37x	6.22x	6.71x	7.82x	17.99x	5.15x
Goodwill	1.84M	1.84M	7.32M	8.9M	89.07M	83.34M	83.49M	83.49M	83.49M	383.15M
Intangible Assets	842K	706K	5.42M	5.31M	36.64M	29.98M	26.12M	22.33M	19.65M	258.58M
Long-Term Investments	1.34M	1.5M	10.28M	0	8.34M	5.57M	4.61M	0	0	0
Other Non-Current Assets	265K	153K	159K	7.72M	2.53M	3.07M	4.7M	9.67M	12.82M	24.98M
Total Assets+	44.43M	44.25M	60.93M	62.53M	225.51M	231.6M	229.87M	222.93M	308.68M	910.07M
Asset Turnover	0.94x	0.83x	0.67x	0.85x	0.36x	0.49x	0.55x	0.61x	1.17x	0.40x
Asset Growth %	-0.15%	-0%	0.38%	0.03%	2.61%	0.03%	-0.01%	-0.03%	0.38%	1.95%
Total Current Liabilities+	16.56M	17.81M	19.07M	21.32M	41.91M	37.24M	44.29M	45.85M	43.59M	151.01M
Accounts Payable	8.03M	6.2M	6.23M	8.52M	15.4M	10.31M	17.75M	15.77M	20.02M	41.6M
Days Payables Outstanding	118.31	122.04	113.58	114.07	129.07	68.98	97.84	81.1	43.51	90.39
Short-Term Debt	1.03M	2.99M	1.21M	819K	9.34M	7.96M	8.75M	11.84M	1.95M	46.71M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	115K	1.43M	1.92M	2.13M	9.48M	10.61M	11.27M	11.91M	9.78M	45.33M
Current Ratio	1.85x	1.57x	1.53x	1.70x	1.70x	2.43x	1.98x	1.91x	3.90x	1.12x
Quick Ratio	1.42x	1.35x	1.29x	1.46x	1.31x	2.08x	1.57x	1.42x	3.40x	1.00x
Cash Conversion Cycle	99.38	67.7	59.47	51.94	128.6	104.39	95.73	120.27	36.37	28.64
Total Non-Current Liabilities+	7.3M	10.43M	8.89M	11.48M	52.02M	39.28M	40.72M	29.69M	136.18M	312.32M
Long-Term Debt	0	0	0	1.54M	32.78M	28.59M	25.48M	15.7M	113.81M	232.16M
Capital Lease Obligations	0	0	0	0	0	0	0	0	5.92M	8.19M
Deferred Tax Liabilities	0	0	0	-1.54M	6.2M	4.5M	5.22M	4.59M	4.46M	57.71M
Other Non-Current Liabilities	361K	366K	1.15M	1.54M	4.5M	640K	5.59M	5.02M	7.09M	9.06M
Total Liabilities	23.86M	28.24M	27.96M	32.8M	93.94M	76.53M	85.01M	75.54M	179.77M	463.33M
Total Debt+	0	2.99M	0	2.36M	42.13M	36.55M	34.23M	27.54M	123.47M	287.06M
Net Debt	-4.49M	-1.98M	-5.1M	-7.15M	25.73M	-4.4M	7.78M	2.76M	99.12M	238.27M
Debt / Equity	-	0.19x	-	0.08x	0.32x	0.24x	0.24x	0.19x	0.96x	0.64x
Debt / EBITDA	-	-	-	-	-	4.78x	89.85x	6.77x	7.78x	18.08x
Net Debt / EBITDA	-	-	-	-	-	-0.58x	20.42x	0.68x	6.24x	15.01x
Interest Coverage	-	-21.73x	-11.96x	-33.16x	-10.29x	-1.55x	-2.96x	-4.10x	-16.16x	-1.27x
Total Equity+	20.57M	16M	32.97M	29.73M	131.57M	155.07M	144.86M	147.38M	128.91M	446.74M
Equity Growth %	-0.25%	-0.22%	1.06%	-0.1%	3.43%	0.18%	-0.07%	0.02%	-0.13%	2.47%
Book Value per Share	0.54	0.41	0.73	0.58	2.14	1.74	4.19	1.39	3.62	3.73
Total Shareholders' Equity	20.57M	16M	32.97M	29.73M	131.58M	155M	144.77M	147.32M	128.8M	446.59M
Common Stock	129K	129K	183K	193K	308K	372K	373K	376K	387K	1.34M
Retained Earnings	-85.13M	-91.5M	-95.37M	-103.37M	-112.14M	-122.94M	-134.44M	-136.67M	-154.8M	-205.78M
Treasury Stock	0	0	0	0	0	0	0	0	-8.68M	-11.52M
Accumulated OCI	-500K	-103K	-578K	-400K	265K	-935K	391K	-1.1M	-985K	-8.85M
Minority Interest	0	0	0	0	-10K	73K	86K	66K	105K	150K

Cash Flow

	Mar 2016	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-6.9M	-2.48M	3.92M	-1.7M	-7.27M	8.85M	-5.39M	1.25M	4.4M	-3.35M
Operating CF Margin %	-0.17%	-0.07%	0.1%	-0.03%	-0.09%	0.08%	-0.04%	0.01%	0.01%	-0.01%
Operating CF Growth %	-21.93%	0.64%	2.58%	-1.43%	-3.27%	2.22%	-1.61%	1.23%	2.52%	-1.76%
Net Income	-9.95M	-6.37M	-3.87M	-5.81M	-10.96M	-9.01M	-12.77M	-6.75M	-5.67M	-50.99M
Depreciation & Amortization	718K	685K	1.13M	1.56M	3.35M	11.26M	8.55M	8.26M	9.45M	47.49M
Stock-Based Compensation	1.61M	1.66M	2.44M	0	3.79M	0	4.68M	4.34M	3.91M	9.36M
Deferred Taxes	512K	322K	428K	352K	0	359K	1.89M	708K	-6K	-4.87M
Other Non-Cash Items	106K	2K	25K	254K	1.64M	5.57M	4.18M	3.68M	-2.81M	20.66M
Working Capital Changes	105K	1.22M	3.77M	-220K	-5.09M	665K	-11.92M	-8.99M	-460K	-25.01M
Change in Receivables	3.35M	1.17M	1.6M	-554K	-1.3M	2.17M	-9.55M	-1.37M	-1.46M	-14.05M
Change in Inventory	-1.09M	3.03M	87K	-384K	-3.28M	3.05M	-5.94M	-4.47M	-1.74M	5.73M
Change in Payables	-645K	-2.16M	107K	1.55M	360K	-2.39M	8.14M	-533K	4.44M	-12.16M
Cash from Investing+	3.5M	-529K	-17.73M	6.6M	-65.48M	-3.3M	-3.03M	-6.33M	1.53M	-170.6M
Capital Expenditures	-2.18M	-505K	-386K	-251K	-1.04M	-3.37M	-3.03M	-6.23M	-7.09M	-33.79M
CapEx % of Revenue	0.05%	0.01%	0.01%	0%	0.01%	0.03%	0.02%	0.05%	0.02%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.18M	-505K	-9.97M	-251K	24K	0	0	0	0	306K
Cash from Financing+	1.86M	3.06M	14.35M	69K	78.64M	-3.95M	16.21M	-282K	-3.71M	115.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-4.11M	0	-3.38M	-90.3M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.86M	3.06M	14.35M	69K	-46.72M	0	229K	0	36K	488K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-9.08M	-2.99M	3.53M	-1.95M	-8.31M	5.47M	-8.42M	-4.98M	-2.7M	-37.13M
FCF Margin %	-0.22%	-0.08%	0.09%	-0.04%	-0.1%	0.05%	-0.07%	-0.04%	-0.01%	-0.1%
FCF Growth %	-11.78%	0.67%	2.18%	-1.55%	-3.26%	1.66%	-2.54%	0.41%	0.46%	-12.77%
FCF per Share	-0.24	-0.08	0.08	-0.04	-0.14	0.06	-0.24	-0.05	-0.08	-0.31
FCF Conversion (FCF/Net Income)	0.69x	0.39x	-1.01x	0.29x	0.66x	-0.98x	0.42x	-0.18x	-0.09x	0.07x
Interest Paid	0	0	0	0	807K	0	1.47M	1.31M	1.66M	15.34M
Taxes Paid	0	0	0	0	605K	0	58K	63K	175K	4.28M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-41.62%	-34.84%	-15.8%	-18.54%	-13.59%	-6.28%	-8.51%	-4.79%	-36.91%	-17.71%
Return on Invested Capital (ROIC)	-41.12%	-31.73%	-14.65%	-17.05%	-8.14%	-1.76%	-4.04%	-3.44%	-10.27%	-4.25%
Gross Margin	40.74%	49.68%	51.09%	48.62%	46.83%	51.95%	47.44%	47.48%	53.66%	53.66%
Net Margin	-23.82%	-17.3%	-9.45%	-10.95%	-13.38%	-7.93%	-10.13%	-5.18%	-14.06%	-14.06%
Debt / Equity	-	0.19x	-	0.08x	0.32x	0.24x	0.24x	0.19x	0.96x	0.64x
Interest Coverage	-	-21.73x	-11.96x	-33.16x	-10.29x	-1.55x	-2.96x	-4.10x	-16.16x	-1.27x
FCF Conversion	0.69x	0.39x	-1.01x	0.29x	0.66x	-0.98x	0.42x	-0.18x	-0.09x	0.07x
Revenue Growth	-8.43%	-11.88%	11.23%	29.56%	54.37%	38.67%	10.89%	7.3%	168.22%	0%

Revenue by Segment

	2023	2024
Service	78.84M	84M
Service Growth	-	6.53%
Product	56.31M	49.74M
Product Growth	-	-11.67%

Revenue by Geography

	2023	2024
UNITED STATES	56.84M	59.23M
UNITED STATES Growth	-	4.22%
ISRAEL	44.43M	41.69M
ISRAEL Growth	-	-6.16%
Other	33.9M	32.81M
Other Growth	-	-3.19%

Frequently Asked Questions

Growth & Financials

PowerFleet, Inc. (AIOT) reported $393.5M in revenue for fiscal year 2025. This represents a 902% increase from $39.3M in 2012.

PowerFleet, Inc. (AIOT) grew revenue by 0.0% over the past year. Growth has been modest.

PowerFleet, Inc. (AIOT) reported a net loss of $43.0M for fiscal year 2025.

Dividend & Returns

Yes, PowerFleet, Inc. (AIOT) pays a dividend with a yield of 13.45%. This makes it attractive for income-focused investors.

PowerFleet, Inc. (AIOT) has a return on equity (ROE) of -17.7%. Negative ROE indicates the company is unprofitable.

PowerFleet, Inc. (AIOT) had negative free cash flow of $15.8M in fiscal year 2025, likely due to heavy capital investments.

US Stock Screener

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PowerFleet, Inc. (AIOT) 10-Year Financial Performance & Capital Metrics

AIOT • • Industrial / General

TechnologyCommunication EquipmentIoT & M2M CommunicationsIoT Connectivity Platforms

Revenue $363M
EBITDA $16M
Net Income -$51M
EPS (Diluted) -0.43 +12.2%
Gross Margin 53.66%
EBITDA Margin 4.38%
Operating Margin -7.14%
Net Margin -14.06%
ROE -17.71% +52.0%
ROIC -4.25% +58.6%
Debt/Equity 0.64 -32.9%
Interest Coverage -1.27 +92.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 34.6%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y23.03%

5Y34.65%

3Y42.24%

TTM79.22%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM40.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM60.28%

ROCE

10Y Avg-11.72%

5Y Avg-5.36%

3Y Avg-6.86%

Latest-5.05%

Peer Comparison

IoT Connectivity Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PIImpinj, Inc.	5.46B	181.36	130.47	19.04%	-3.45%	-6.36%	2.04%	1.95
INSGInseego Corp.	163.7M	10.68	106.80	14.32%	-0.12%		20.42%
DGIIDigi International Inc.	1.61B	42.73	39.56	1.46%	9.48%	6.41%	6.72%	0.27
BOSCB.O.S. Better Online Solutions Ltd.	31.05M	5.02	12.87	-9.57%	6.78%	12.99%	2.5%	0.10
ASNSActelis Networks, Inc.	3.52M	0.44	-0.05	38.42%	-223.94%	-254.3%		0.45
FIEEFiEE, Inc.	21.66M	3.44	-2.57	-97.55%	-56.38%	-28.64%
MOBMobilicom Ltd	94.26M	7.88	-5.97	44.98%	-196.92%	-312.22%		0.06
AIOTPowerFleet, Inc.	749.42M	5.60	-13.02		-10.93%	-9.17%		0.64

Profit & Loss

	Mar 2016	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	41.78M	36.82M	40.96M	53.06M	81.92M	113.59M	125.96M	135.16M	362.51M	362.51M
Revenue Growth %	-0.08%	-0.12%	0.11%	0.3%	0.54%	0.39%	0.11%	0.07%	1.68%	0%
Cost of Goods Sold+	24.76M	18.53M	20.03M	27.27M	43.55M	54.58M	66.21M	70.99M	167.98M	167.98M
COGS % of Revenue	0.59%	0.5%	0.49%	0.51%	0.53%	0.48%	0.53%	0.53%	0.46%	0.46%
Gross Profit+	17.02M	18.29M	20.93M	25.8M	38.36M	59.02M	59.75M	64.17M	194.54M	194.54M
Gross Margin %	0.41%	0.5%	0.51%	0.49%	0.47%	0.52%	0.47%	0.47%	0.54%	0.54%
Gross Profit Growth %	-0.15%	0.07%	0.14%	0.23%	0.49%	0.54%	0.01%	0.07%	2.03%	0%
Operating Expenses+	27.31M	24.66M	25.02M	31.53M	48.12M	62.62M	67.92M	71.12M	220.42M	220.42M
OpEx % of Revenue	0.65%	0.67%	0.61%	0.59%	0.59%	0.55%	0.54%	0.53%	0.61%	0.61%
Selling, General & Admin	22.75M	20.13M	21.05M	24.67M	0	52.03M	56.5M	62.15M	0	0
SG&A % of Revenue	0.54%	0.55%	0.51%	0.46%	-	0.46%	0.45%	0.46%	-	-
Research & Development	4.56M	4.54M	3.96M	6.86M	8.54M	10.6M	11.43M	8.96M	16.06M	16.06M
R&D % of Revenue	0.11%	0.12%	0.1%	0.13%	0.1%	0.09%	0.09%	0.07%	0.04%	0.04%
Other Operating Expenses	-11K	6K	-1K	-165K	39.58M	0	0	0	204.36M	204.36M
Operating Income+	-10.28M	-6.37M	-4.09M	-5.74M	-9.76M	-3.61M	-8.17M	-6.95M	-25.89M	-25.89M
Operating Margin %	-0.25%	-0.17%	-0.1%	-0.11%	-0.12%	-0.03%	-0.06%	-0.05%	-0.07%	-0.07%
Operating Income Growth %	0.16%	0.38%	0.36%	-0.4%	-0.7%	0.63%	-1.27%	0.15%	-2.73%	0%
EBITDA+	-9.56M	-5.68M	-2.96M	-4.17M	-6.94M	7.65M	381K	4.07M	15.88M	15.88M
EBITDA Margin %	-0.23%	-0.15%	-0.07%	-0.08%	-0.08%	0.07%	0%	0.03%	0.04%	0.04%
EBITDA Growth %	0.04%	0.41%	0.48%	-0.41%	-0.66%	2.1%	-0.95%	9.69%	2.9%	0%
D&A (Non-Cash Add-back)	718K	685K	1.13M	1.56M	2.82M	11.26M	8.55M	11.02M	41.76M	41.76M
EBIT	-10.28M	-6.08M	-3.75M	-5.64M	-4.62M	-3.5M	-8.12M	-3.19M	15.04M	15.04M
Net Interest Income+	0	-8K	-89K	89K	-823K	-2.27M	-2.72M	-1.62M	-1.5M	-19.4M
Interest Income	342K	285K	253K	262K	125K	55K	45K	71K	103K	926K
Interest Expense	0	293K	342K	173K	948K	2.33M	2.76M	1.7M	1.6M	20.33M
Other Income/Expense	-9K	-639K	-90K	-76K	-1.15M	-4.37M	-2.71M	242K	-20.57M	-20.57M
Pretax Income+	-9.95M	-6.37M	-4.18M	-5.81M	-10.91M	-7.97M	-10.88M	-6.71M	-46.45M	-46.45M
Pretax Margin %	-0.24%	-0.17%	-0.1%	-0.11%	-0.13%	-0.07%	-0.09%	-0.05%	-0.13%	-0.13%
Income Tax+	-342K	299K	-311K	0	75K	1.04M	1.89M	296K	4.52M	4.52M
Effective Tax Rate %	1%	1%	0.93%	1%	1.01%	1.13%	1.17%	1.04%	1.1%	1.1%
Net Income+	-9.95M	-6.37M	-3.87M	-5.81M	-10.96M	-9.01M	-12.77M	-7M	-50.99M	-50.99M
Net Margin %	-0.24%	-0.17%	-0.09%	-0.11%	-0.13%	-0.08%	-0.1%	-0.05%	-0.14%	-0.14%
Net Income Growth %	0.14%	0.36%	0.39%	-0.5%	-0.89%	0.18%	-0.42%	0.45%	-6.28%	0%
Net Income (Continuing)	-9.95M	-6.37M	-3.87M	-5.81M	-10.98M	-9.01M	-12.77M	-7M	-50.97M	-50.97M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	-10K	73K	86K	66K	105K	150K
EPS (Diluted)+	-0.26	-0.16	-0.09	-0.11	-0.18	-0.10	-0.52	-0.07	-0.49	-0.43
EPS Growth %	0.18%	0.38%	0.47%	-0.31%	-0.59%	0.44%	-4.2%	0.87%	-6.35%	0.12%
EPS (Basic)	-0.26	-0.16	-0.09	-0.11	-0.18	-0.10	-0.52	-0.07	-0.49	-0.43
Diluted Shares Outstanding	37.84M	38.95M	44.88M	51.7M	61.43M	89.11M	34.57M	106.18M	35.63M	119.88M
Basic Shares Outstanding	37.84M	38.95M	44.88M	51.7M	61.43M	89.11M	34.57M	106.18M	35.63M	119.88M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	30.63M	27.91M	29.15M	36.22M	71.19M	90.48M	87.91M	87.66M	169.79M	169.08M
Cash & Short-Term Investments	4.75M	5.09M	6.3M	9.52M	16.39M	40.95M	26.45M	24.78M	24.35M	48.79M
Cash Only	4.49M	4.97M	5.1M	9.52M	16.39M	40.95M	26.45M	24.78M	24.35M	48.79M
Short-Term Investments	259K	115K	1.2M	0	0	0	0	0	0	0
Accounts Receivable	12.85M	11.35M	10.04M	14.29M	27.02M	26.56M	32.09M	31.44M	32.59M	78.62M
Days Sales Outstanding	112.26	112.52	89.48	98.29	120.38	85.36	93	84.91	32.82	79.16
Inventory	7.15M	3.92M	4.59M	5.06M	16.38M	13.16M	18.24M	22.65M	21.66M	18.35M
Days Inventory Outstanding	105.43	77.22	83.56	67.71	137.29	88.01	100.57	116.46	47.06	39.87
Other Current Assets	2.26M	3.5M	3.63M	3.22M	7.37M	6.54M	9.05M	7.96M	88.36M	23.32M
Total Non-Current Assets+	13.8M	16.34M	31.78M	26.31M	154.32M	141.12M	141.96M	135.26M	138.89M	740.99M
Property, Plant & Equipment	3.12M	3.08M	2.75M	4.38M	15.26M	18.27M	18.77M	17.29M	20.15M	70.35M
Fixed Asset Turnover	13.40x	11.97x	14.91x	12.11x	5.37x	6.22x	6.71x	7.82x	17.99x	5.15x
Goodwill	1.84M	1.84M	7.32M	8.9M	89.07M	83.34M	83.49M	83.49M	83.49M	383.15M
Intangible Assets	842K	706K	5.42M	5.31M	36.64M	29.98M	26.12M	22.33M	19.65M	258.58M
Long-Term Investments	1.34M	1.5M	10.28M	0	8.34M	5.57M	4.61M	0	0	0
Other Non-Current Assets	265K	153K	159K	7.72M	2.53M	3.07M	4.7M	9.67M	12.82M	24.98M
Total Assets+	44.43M	44.25M	60.93M	62.53M	225.51M	231.6M	229.87M	222.93M	308.68M	910.07M
Asset Turnover	0.94x	0.83x	0.67x	0.85x	0.36x	0.49x	0.55x	0.61x	1.17x	0.40x
Asset Growth %	-0.15%	-0%	0.38%	0.03%	2.61%	0.03%	-0.01%	-0.03%	0.38%	1.95%
Total Current Liabilities+	16.56M	17.81M	19.07M	21.32M	41.91M	37.24M	44.29M	45.85M	43.59M	151.01M
Accounts Payable	8.03M	6.2M	6.23M	8.52M	15.4M	10.31M	17.75M	15.77M	20.02M	41.6M
Days Payables Outstanding	118.31	122.04	113.58	114.07	129.07	68.98	97.84	81.1	43.51	90.39
Short-Term Debt	1.03M	2.99M	1.21M	819K	9.34M	7.96M	8.75M	11.84M	1.95M	46.71M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	115K	1.43M	1.92M	2.13M	9.48M	10.61M	11.27M	11.91M	9.78M	45.33M
Current Ratio	1.85x	1.57x	1.53x	1.70x	1.70x	2.43x	1.98x	1.91x	3.90x	1.12x
Quick Ratio	1.42x	1.35x	1.29x	1.46x	1.31x	2.08x	1.57x	1.42x	3.40x	1.00x
Cash Conversion Cycle	99.38	67.7	59.47	51.94	128.6	104.39	95.73	120.27	36.37	28.64
Total Non-Current Liabilities+	7.3M	10.43M	8.89M	11.48M	52.02M	39.28M	40.72M	29.69M	136.18M	312.32M
Long-Term Debt	0	0	0	1.54M	32.78M	28.59M	25.48M	15.7M	113.81M	232.16M
Capital Lease Obligations	0	0	0	0	0	0	0	0	5.92M	8.19M
Deferred Tax Liabilities	0	0	0	-1.54M	6.2M	4.5M	5.22M	4.59M	4.46M	57.71M
Other Non-Current Liabilities	361K	366K	1.15M	1.54M	4.5M	640K	5.59M	5.02M	7.09M	9.06M
Total Liabilities	23.86M	28.24M	27.96M	32.8M	93.94M	76.53M	85.01M	75.54M	179.77M	463.33M
Total Debt+	0	2.99M	0	2.36M	42.13M	36.55M	34.23M	27.54M	123.47M	287.06M
Net Debt	-4.49M	-1.98M	-5.1M	-7.15M	25.73M	-4.4M	7.78M	2.76M	99.12M	238.27M
Debt / Equity	-	0.19x	-	0.08x	0.32x	0.24x	0.24x	0.19x	0.96x	0.64x
Debt / EBITDA	-	-	-	-	-	4.78x	89.85x	6.77x	7.78x	18.08x
Net Debt / EBITDA	-	-	-	-	-	-0.58x	20.42x	0.68x	6.24x	15.01x
Interest Coverage	-	-21.73x	-11.96x	-33.16x	-10.29x	-1.55x	-2.96x	-4.10x	-16.16x	-1.27x
Total Equity+	20.57M	16M	32.97M	29.73M	131.57M	155.07M	144.86M	147.38M	128.91M	446.74M
Equity Growth %	-0.25%	-0.22%	1.06%	-0.1%	3.43%	0.18%	-0.07%	0.02%	-0.13%	2.47%
Book Value per Share	0.54	0.41	0.73	0.58	2.14	1.74	4.19	1.39	3.62	3.73
Total Shareholders' Equity	20.57M	16M	32.97M	29.73M	131.58M	155M	144.77M	147.32M	128.8M	446.59M
Common Stock	129K	129K	183K	193K	308K	372K	373K	376K	387K	1.34M
Retained Earnings	-85.13M	-91.5M	-95.37M	-103.37M	-112.14M	-122.94M	-134.44M	-136.67M	-154.8M	-205.78M
Treasury Stock	0	0	0	0	0	0	0	0	-8.68M	-11.52M
Accumulated OCI	-500K	-103K	-578K	-400K	265K	-935K	391K	-1.1M	-985K	-8.85M
Minority Interest	0	0	0	0	-10K	73K	86K	66K	105K	150K

Cash Flow

	Mar 2016	Dec 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	-6.9M	-2.48M	3.92M	-1.7M	-7.27M	8.85M	-5.39M	1.25M	4.4M	-3.35M
Operating CF Margin %	-0.17%	-0.07%	0.1%	-0.03%	-0.09%	0.08%	-0.04%	0.01%	0.01%	-0.01%
Operating CF Growth %	-21.93%	0.64%	2.58%	-1.43%	-3.27%	2.22%	-1.61%	1.23%	2.52%	-1.76%
Net Income	-9.95M	-6.37M	-3.87M	-5.81M	-10.96M	-9.01M	-12.77M	-6.75M	-5.67M	-50.99M
Depreciation & Amortization	718K	685K	1.13M	1.56M	3.35M	11.26M	8.55M	8.26M	9.45M	47.49M
Stock-Based Compensation	1.61M	1.66M	2.44M	0	3.79M	0	4.68M	4.34M	3.91M	9.36M
Deferred Taxes	512K	322K	428K	352K	0	359K	1.89M	708K	-6K	-4.87M
Other Non-Cash Items	106K	2K	25K	254K	1.64M	5.57M	4.18M	3.68M	-2.81M	20.66M
Working Capital Changes	105K	1.22M	3.77M	-220K	-5.09M	665K	-11.92M	-8.99M	-460K	-25.01M
Change in Receivables	3.35M	1.17M	1.6M	-554K	-1.3M	2.17M	-9.55M	-1.37M	-1.46M	-14.05M
Change in Inventory	-1.09M	3.03M	87K	-384K	-3.28M	3.05M	-5.94M	-4.47M	-1.74M	5.73M
Change in Payables	-645K	-2.16M	107K	1.55M	360K	-2.39M	8.14M	-533K	4.44M	-12.16M
Cash from Investing+	3.5M	-529K	-17.73M	6.6M	-65.48M	-3.3M	-3.03M	-6.33M	1.53M	-170.6M
Capital Expenditures	-2.18M	-505K	-386K	-251K	-1.04M	-3.37M	-3.03M	-6.23M	-7.09M	-33.79M
CapEx % of Revenue	0.05%	0.01%	0.01%	0%	0.01%	0.03%	0.02%	0.05%	0.02%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.18M	-505K	-9.97M	-251K	24K	0	0	0	0	306K
Cash from Financing+	1.86M	3.06M	14.35M	69K	78.64M	-3.95M	16.21M	-282K	-3.71M	115.72M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-4.11M	0	-3.38M	-90.3M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.86M	3.06M	14.35M	69K	-46.72M	0	229K	0	36K	488K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-9.08M	-2.99M	3.53M	-1.95M	-8.31M	5.47M	-8.42M	-4.98M	-2.7M	-37.13M
FCF Margin %	-0.22%	-0.08%	0.09%	-0.04%	-0.1%	0.05%	-0.07%	-0.04%	-0.01%	-0.1%
FCF Growth %	-11.78%	0.67%	2.18%	-1.55%	-3.26%	1.66%	-2.54%	0.41%	0.46%	-12.77%
FCF per Share	-0.24	-0.08	0.08	-0.04	-0.14	0.06	-0.24	-0.05	-0.08	-0.31
FCF Conversion (FCF/Net Income)	0.69x	0.39x	-1.01x	0.29x	0.66x	-0.98x	0.42x	-0.18x	-0.09x	0.07x
Interest Paid	0	0	0	0	807K	0	1.47M	1.31M	1.66M	15.34M
Taxes Paid	0	0	0	0	605K	0	58K	63K	175K	4.28M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-41.62%	-34.84%	-15.8%	-18.54%	-13.59%	-6.28%	-8.51%	-4.79%	-36.91%	-17.71%
Return on Invested Capital (ROIC)	-41.12%	-31.73%	-14.65%	-17.05%	-8.14%	-1.76%	-4.04%	-3.44%	-10.27%	-4.25%
Gross Margin	40.74%	49.68%	51.09%	48.62%	46.83%	51.95%	47.44%	47.48%	53.66%	53.66%
Net Margin	-23.82%	-17.3%	-9.45%	-10.95%	-13.38%	-7.93%	-10.13%	-5.18%	-14.06%	-14.06%
Debt / Equity	-	0.19x	-	0.08x	0.32x	0.24x	0.24x	0.19x	0.96x	0.64x
Interest Coverage	-	-21.73x	-11.96x	-33.16x	-10.29x	-1.55x	-2.96x	-4.10x	-16.16x	-1.27x
FCF Conversion	0.69x	0.39x	-1.01x	0.29x	0.66x	-0.98x	0.42x	-0.18x	-0.09x	0.07x
Revenue Growth	-8.43%	-11.88%	11.23%	29.56%	54.37%	38.67%	10.89%	7.3%	168.22%	0%

Revenue by Segment

	2023	2024
Service	78.84M	84M
Service Growth	-	6.53%
Product	56.31M	49.74M
Product Growth	-	-11.67%

Revenue by Geography

	2023	2024
UNITED STATES	56.84M	59.23M
UNITED STATES Growth	-	4.22%
ISRAEL	44.43M	41.69M
ISRAEL Growth	-	-6.16%
Other	33.9M	32.81M
Other Growth	-	-3.19%

Frequently Asked Questions

Growth & Financials

PowerFleet, Inc. (AIOT) reported $393.5M in revenue for fiscal year 2025. This represents a 902% increase from $39.3M in 2012.

PowerFleet, Inc. (AIOT) grew revenue by 0.0% over the past year. Growth has been modest.

PowerFleet, Inc. (AIOT) reported a net loss of $43.0M for fiscal year 2025.

Dividend & Returns

Yes, PowerFleet, Inc. (AIOT) pays a dividend with a yield of 13.45%. This makes it attractive for income-focused investors.

PowerFleet, Inc. (AIOT) has a return on equity (ROE) of -17.7%. Negative ROE indicates the company is unprofitable.

PowerFleet, Inc. (AIOT) had negative free cash flow of $15.8M in fiscal year 2025, likely due to heavy capital investments.