PowerFleet Inc. delivered a material step change in scale and mix following the Fleet Complete acquisition, with quarterly revenue of $106.4 million in Q3 2025, up 45% year over year. Management attributed the rise to Fleet Complete and continued organic growth in in-warehouse safety solutions and Unity-based offerings, supported by a robust services mix that accounted for 77% of revenue. Adjusted EBITDA rose to $22.5 million, a 77% year-over-year increase, driven by cost synergies and improved go-to-market efficiency, while leveraging the higher-margin Unity software ecosystem. The firm also highlighted meaningful cost-synergy progress (annualized savings of $15 million) and a plan to exceed $60 million in annualized savings by year-end, with a further $21 million of synergies targeted over the next 18 months. Management raised FY2025 guidance, increasing organic revenue growth to 7% and guiding annual revenue above $362.5 million and EBITDA above $75 million, supported by a shift to U.S. GAAP in Fleet Complete and a broadened channel strategy with major telcos. Despite strong top-line momentum, PowerFleet posted a net loss in the quarter, reflecting one-time costs, acquisition-related amortization, and higher interest expenses. The company views Unity as a multi-year revenue generator with substantial cross-sell opportunities across enterprise and mid-market segments, and remains focused on scaling go-to-market and product innovation for FY2026 and beyond.