NASDAQ$AIOT
Powerfleet Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Powerfleet's first quarter results for 2020 showed revenue growth driven by the acquisition of Pointer Telocation Ltd, with some orders postponed due to the COVID-19 pandemic.
Powerfleet reported a revenue of $30.8 million for Q1 2020, compared to $13.6 million in the same period last year. The company experienced some order postponements in late March due to the COVID-19 pandemic but maintained profitability through recurring and services revenue. They are implementing cost-saving measures to ensure financial stability.
- Total revenue increased to $30.8 million from $13.6 million year-over-year.
- Services revenue was $17.6 million, representing 57.1% of total revenue.
- Gross profit increased to $14.9 million from $7.0 million year-over-year.
- Net loss attributable to common stockholders totaled $4.5 million or $(0.16) per basic and diluted share.
Headline financials
Revenue & EPS history
Powerfleet · Revenue · Quarterly
$30.8M
Revenue by segment
Powerfleet · $30.8M total across 2 segments · Q1 2020
- Services$17.6M—57.1%
- Products$13.2M—42.9%
Forward guidance
PowerFleet anticipates the start of the second quarter to be impacted by order postponements, but this may change as countries and states open up their economies in May. The proactive cost savings measures will allow them to drive their business forward.
Headwinds
- Start of the second quarter being impacted by order postponements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2020
+3.2%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+1.9%
Avg return
30 days after
57%
16 / 28 earnings
Positive
+42.7%
Q3 2024
Best reaction
-29.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.5% | +9.6% | — | |
| Q4 2026 | +0.5% | +9.6% | — | |
| Q3 2026 | -1.2% | -19.6% | -32.6% | |
| Q2 2026 | +4.9% | +0.6% | +9.2% | |
| Q1 2026 | +13.4% | +18.1% | +29.2% | |
| Q4 2024 | +11.9% | +2.0% | -1.1% | |
| Q3 2025 | +31.1% | +36.1% | -1.2% | |
| Q3 2024 | +42.7% | +36.1% | -1.2% | |
| Q2 2024 | +13.5% | +8.4% | +23.7% | |
| Q1 2024 | -0.2% | +0.6% | +1.4% | |
| Q4 2023 | -0.3% | -1.9% | +16.3% | |
| Q3 2023 | +4.0% | +13.6% | +16.1% | |
| Q2 2023 | -17.1% | -20.5% | -6.8% | |
| Q1 2023 | +11.1% | +3.6% | +19.7% | |
| Q4 2022 | -0.7% | +5.4% | +4.1% | |
| Q3 2022 | -9.7% | -2.9% | -13.4% | |
| Q2 2022 | +15.6% | +32.0% | +12.9% | |
| Q1 2022 | -17.3% | -19.7% | -19.0% | |
| Q4 2021 | +0.3% | -2.3% | -2.3% | |
| Q3 2021 | -4.9% | -6.1% | -16.0% | |
| Q2 2021 | +4.6% | +6.5% | +4.1% | |
| Q1 2021 | -6.1% | -11.1% | -3.4% | |
| Q4 2020 | -2.2% | +3.0% | +11.1% | |
| Q3 2020 | +22.6% | +15.6% | +13.3% | |
| Q2 2020 | +1.3% | +12.2% | -10.8% | |
| Q1 2020 | -3.8% | +11.3% | +16.4% | |
| Q4 2019 | -29.0% | -44.5% | -21.8% | |
| Q3 2019 | +3.9% | +2.9% | +0.9% |
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