PowerFleet, Inc. (PWFL) Tops Q1 EPS by 6c
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Powerfleet Reports First Quarter 2023 Financial Results
May 9, 2023 7:00 AM EDTTotal GAAP Services Revenue Grows 9%, Increasing to 62% of Total Revenue and up 17% YoY on a Constant Currency Basis
Total Company Gross Profit Increases by $2.2 million,15% YoY
Go-forward Core Business Gross Margin Expands to 53%, with Services Gross Margin Climbing to 71%
Liquidity Improves with $8.7 million in Net Proceeds from the Acquisition of Movingdots
WOODCLIFF LAKE, N.J., May 09, 2023 (GLOBE NEWSWIRE) -- Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that... More
