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Dec 31, 2019
Powerfleet Q4 2019 Earnings Report
Powerfleet's Q4 2019 financial performance was reported, with record GAAP revenue and strategic progress in integration and market expansion.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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