Powerfleet FY27 Q1 net loss narrows 17.5% to $8.4 million; revenue rises 6.4% to $110.8 million

Reuters2026/08/10 11:06

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Powerfleet revenue rose 6.4% to $110.8 million in fiscal Q1, driven by services revenue up 9.1% to $94.3 million.
Net loss attributable to common stockholders narrowed 17.5% to $8.4 million, or $(0.06) per share.
Operating income turned positive to $0.3 million; operating cash flow climbed 79% to $8.4 million.
FY2027 revenue outlook revised to $468 million-$473 million; adjusted EBITDA guided at $111 million-$114 million with free cash flow of $20 million-$23 million.
South African National Treasury contract seen generating more than $27 million in ARR for near-term activation, with immediate-deployment vehicles rising to over 70,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerfleet Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608100700PR_NEWS_USPR_____NY22307) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Powerfleet FY27 Q1 net loss narrows 17.5% to $8.4 million; revenue rises 6.4% to $110.8 million

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