Powerfleet Q4 2019 Earnings Report
Key Takeaways
Powerfleet reported a strong Q4 2019 with record revenue of $35.1 million, a 17% increase year-over-year on a pro forma basis. The company is integrating Pointer, securing new customer wins, and focusing on recurring revenue growth and cost savings.
Total revenue increased to $35.1 million from $11.5 million in the same year-ago period.
Services revenue was $18.7 million, representing 53.2% of total revenue.
The company ended the quarter with approximately 550,000 mobile subscription units on its platform.
Net loss attributable to common stockholders totaled $5.2 million or $(0.18) per basic and diluted share.
Powerfleet
Powerfleet
Powerfleet Revenue by Segment
Forward Guidance
PowerFleet is focused on expanding its IoT platform, pursuing cross-selling opportunities, and leveraging secular tailwinds to generate shareholder value through global scale, profitability, and cash flow generation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income