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Dec 31, 2021
Powerfleet Q4 2021 Earnings Report
Powerfleet's Q4 2021 earnings were marked by a 17% year-over-year revenue increase to $34.4 million.
Key Takeaways
Powerfleet reported a strong finish to 2021 with a 17% increase in revenue compared to the same quarter last year, reaching $34.4 million. The company ended the year with $26.8 million in cash and cash equivalents and is focused on establishing itself as a mission-critical software provider.
Total revenue increased 17% year-over-year to $34.4 million.
Services revenue was $19.1 million, representing 56% of total revenue.
Product revenue was $15.3 million, accounting for 44% of total revenue.
Cash and cash equivalents at quarter-end were $26.8 million.
Revenue by Segment
Forward Guidance
PowerFleet is focused on establishing a world-class SaaS and AI platform to maximize customer impact and increase wallet share. The company expects this strategy to translate to international revenue growth and a highly scalable, repeatable, and profitable global organization.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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