Reported Q: Q2 2025 Rev YoY: +122.9% EPS YoY: +36.2% Move: -2.30%
PowerFleet Inc
AIOT
$2.98 -2.30%
Exchange NASDAQ Sector Technology Industry Communication Equipment
Q2 2025
Published: Nov 12, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AIOT

Reported

Report Date

Nov 12, 2024

Quarter Q2 2025

Revenue

77.02M

YoY: +122.9%

EPS

-0.02

YoY: +36.2%

Market Move

-2.30%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $77.02M up 122.9% year-over-year
  • EPS of $-0.02 increased by 36.2% from previous year
  • Gross margin of 53.7%
  • Net income of -1.89M
  • "Revenue of $152 million is up by $12 million or 9%. EBITDA of $28 million is up by $9 million or a highly impressive 46%." - Steve Towe
AIOT
Company AIOT

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Executive Summary

PowerFleet reported solid momentum in Q2 2025 driven by the MiX and Fleet Complete combinations, with the first-half run-rate synergies demonstrating meaningful leverage on the cost base and establishing a platform for accelerated growth. Revenue rose to $77.0 million for the quarter, up 7% year over year, while adjusted EBITDA expanded 41% to $14.5 million, underscoring operating leverage from synergies and revenue mix. Management highlighted a robust cross-sell opportunity as Unity and MiX customers gain access to PowerFleet’s expanded portfolio, including Fleet Complete’s FC Hub and in-vehicle AI camera solutions, supported by an enhanced go-to-market approach and a focus on higher-margin services. On the margin side, total gross margin was 53.7% (GAAP) for the quarter, with adjustments (a $0.7 million inventory write-off and $1.2 million acquisition-related amortization) depressing year-over-year margins to 53.7%; excluding these items, gross margin would have been 56.1%, broadly flat versus the prior year. Product gross margin rose sequentially to 35% (before adjustments) and was accompanied by service gross margin of 61.7% (adjusted to 63.7%), reflecting a mix shift toward higher-margin offerings. Management reaffirmed FY2025 guidance despite the ongoing integration, signaling confidence in the planned synergies and growth vectors. Key strategic priorities remain: maximize efficiency to expand EBITDA, underpin accelerated revenue growth via Unity, in-warehouse, and AI camera solutions, and strengthen customer stickiness and wallet share through enhanced retention and account management. The company alsooutlined a clear integration roadmap with Fleet Complete (6 months to achieve FC Hub visibility and related enhancements) and MiX (cross-sell of Unity and MiX with Unity data services). The combination is positioned to support mid-term double-digit growth, with an updated net debt outlook reflecting the financing of Fleet Complete and working-capital dynamics, alongside synergies that are expected to offset the near-term cash burn. ABI Research’s recognition of PowerFleet as the #1 global market leader in AI-powered smart cold chain solutions further validates the strategic relevance of the expanded product suite across global supply chains.

Key Performance Indicators

Revenue
Increasing
77.02M
QoQ: 0.00% | YoY: 122.92%
Gross Profit
Increasing
41.34M
53.68% margin
QoQ: 0.00% | YoY: 137.92%
Operating Income
Increasing
573.00K
QoQ: 0.00% | YoY: 114.79%
Net Income
Increasing
-1.89M
QoQ: 0.00% | YoY: 46.12%
EPS
Increasing
-0.02
QoQ: -13.64% | YoY: 36.24%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 111.68 -0.03 +45.0% View
Q1 2026 104.12 -0.08 +35.2% View
Q4 2025 103.64 -0.09 +37.4% View
Q3 2025 106.43 -0.11 +41.1% View
Q2 2025 77.02 -0.02 +122.9% View