24/7 Market News Snapshot 16 June, 2025 – PowerFleet, Inc. Common Stock (NASDAQ:AIOT)

June 16, 2025

DENVER, Colo., 16 June, 2025 (www.247marketnews.com) – (NASDAQ:AIOT) are discussed in this article.
PowerFleet, Inc. has demonstrated considerable momentum in the market, opening today at $4.85, consistent with its previous close, while experiencing a notable increase of approximately 8.99% from last session’s closing price of $4.45. The trading volume surged to 3.87 million shares, indicating heightened investor interest and optimism surrounding the stock. This upward movement suggests potential strength, which may attract additional buyers, although traders should remain vigilant for any resistance levels above $5.00. Continued volume support will be vital for PowerFleet to sustain its growth trajectory in upcoming sessions.

In addition to its market performance, PowerFleet celebrated a successful fiscal year 2025, reporting total revenues of about $362.5 million—a remarkable 26% growth compared to the prior year. This surge has been fueled by a strategic pivot towards a subscription-based SaaS business model, which now constitutes approximately 75% of total revenues. The company also recorded a 65% increase in adjusted EBITDA, reaching $71 million, with an impressive EBITDA margin expansion of 500 basis points to 20%.

In the fourth quarter of fiscal 2025, PowerFleet achieved a remarkable 42% year-over-year revenue growth, driven by a robust service revenue increase of 49%, totaling $81.8 million. The adjusted EBITDA for this quarter surged by 84%, reaching $20.4 million. CEO Steve Towe highlighted the company’s successful transformation, marked by strategic acquisitions and a focus on organic growth. He expressed confidence in the company’s ability to sustain this upward trajectory, particularly with strong growth noted in AI video solutions and in-warehouse safety solutions.

PowerFleet’s Unity platform continues to establish the company’s leadership in the AIoT SaaS sector, driven by its capabilities in data harmonization and insights generation. With a growing customer base, including over half of the Fortune 500, PowerFleet is well-positioned for sustained double-digit growth across various key sectors.

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