- PowerFleet press release (NASDAQ:PWFL): Q1 GAAP EPS of $0.10 beats by $0.16.
- Revenue of $32.8M (-1.1% Y/Y) misses by $0.8M.
- Adjusted EBITDA, a non-GAAP metric, improved significantly to $1.4 million, benefiting from a $2.2 million expansion in gross margin.
- Powerfleet had $25.1 million in cash and cash equivalents and a working capital position of $41.8 million at quarter-end, benefiting from $8.7 million in net proceeds from the acquisition of Movingdots.
PowerFleet GAAP EPS of $0.10 beats by $0.16, revenue of $32.8M misses by $0.8M
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Symbol | Last Price | % Chg |
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PWFL | - | - |
PowerFleet, Inc. |