24/7 Market News Snapshot 11 August, 2025 – PowerFleet, Inc. Common Stock (NASDAQ:AIOT)

August 11, 2025

DENVER, Colo., 11 August, 2025 (www.247marketnews.com) – (Nasdaq:AIOT) are discussed in this article.
PowerFleet, Inc. (Nasdaq:AIOT) has made headlines recently with significant market activity and impressive financial results for the first quarter of fiscal year 2026. The company’s stock opened at $4.37 and is currently trading at approximately $4.455, marking an increase of about 15.12% from the previous close of $3.87. This surge, supported by a trading volume of 2.97 million shares, reflects a robust bullish sentiment among investors and indicates a potential continuation of this upward trend.

In its latest quarterly report, PowerFleet revealed a remarkable revenue leap to $104.1 million, signifying a 38% increase year-over-year. This growth was primarily driven by a record $86.5 million in services revenue, which now constitutes 83% of total revenue, highlighting the company’s strategic pivot towards high-margin, recurring revenue models. Adjusted EBITDA also saw a significant rise of 58%, reaching $21.6 million while expanding the adjusted EBITDA margin by 260 basis points to 21%.

CEO Steve Towe remarked on the quarter’s success, stating, “Q1 has set a strong precedent for FY26, exceeding our expectations.” The remarkable 52% quarter-over-quarter increase in AI Video annual recurring revenue bookings exemplifies the effectiveness of PowerFleet’s AI-driven SaaS solutions and the strength of its indirect channel partnerships.

Additionally, the company has successfully gained new clientele across 11 diverse sectors, emphasizing the scalability of its innovative technologies. In light of these developments, PowerFleet has raised its total revenue guidance for FY26 to between $430 million and $440 million. Looking ahead, the company plans to host an Investor Innovation Session in November 2025 to showcase advancements in its Unity AIoT product line and discuss future strategic initiatives. As PowerFleet continues its trajectory of growth, stakeholders can anticipate ongoing innovation and enhanced enterprise value.

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