NASDAQ$AIOT
Powerfleet Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Powerfleet's financial results for Q1 2021 were reported, highlighting strategic execution and consistent financial performance despite supply chain challenges.
Powerfleet reported total revenue of $29.0 million for Q1 2021, a decrease compared to $30.8 million in the same period last year. The company experienced a net loss attributable to common stockholders of $3.0 million, or $(0.09) per share, but achieved a non-GAAP net income of $61,000, or $0.00 per share. Despite revenue being impacted by supply issues, the company saw increased sales activity and backlog.
- Total revenue was $29.0 million, compared to $30.8 million in the same year-ago period.
- Services revenue was $17.6 million (61% of total revenue), consistent with the same period last year.
- Product revenue was $11.4 million (39% of total revenue), compared to $13.2 million in the same year-ago period.
- Net loss attributable to common stockholders totaled $3.0 million or $(0.09) per basic and diluted share, compared to net loss of $4.5 million or $(0.16) per share in the same year-ago period.
Headline financials
Revenue & EPS history
Powerfleet · Revenue · Quarterly
$29M
Revenue by segment
Powerfleet · $29M total across 2 segments · Q1 2021
- Services$17.6M+0.0%60.7%
- Products$11.4M-13.6%39.3%
Forward guidance
Powerfleet anticipates growth prospects in 2021 and beyond, driven by global end markets, legacy product migration, and a strong opportunity pipeline, despite ongoing pandemic-related headwinds and electrical subcomponent supply issues.
Tailwinds
- Global end markets are building momentum.
- Legacy product migration efforts are underway.
- Opportunity pipeline is strong.
- Robust balance sheet enables acceleration of growth initiatives.
- Making great strides toward long-term financial goals.
Headwinds
- Facing headwinds related to the pandemic.
- Experiencing electrical subcomponent supply issues.
- Revenue impacted by temporary supply issue due to a third-party electrical component supplier.
- Reduction in product revenue from Avis.
- Impact from COVID-19.
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 2021
+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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