Powerfleet delivered record Q3 revenue driven by strong services growth, returned to operating profitability, and significantly expanded adjusted EBITDA and margins.
Total revenue reached a quarterly record driven by services growth.
Operating income turned positive year over year.
Adjusted EBITDA grew strongly with margin expansion.
Recurring services revenue continued to represent the majority of total revenue.
The company raised the lower end of its full-year revenue outlook and expects continued EBITDA growth while maintaining disciplined investment.
Visualization of income flow from segment revenue to net income
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