NASDAQ$AIOT
Powerfleet Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a solid start to the year with year-over-year revenue growth.
Powerfleet's first quarter 2022 results showed a 14% increase in total revenue year-over-year, driven by deployments with major customers and growth in core verticals and markets.
- Total revenue increased by 14% year-over-year to $33.2 million.
- Services revenue accounted for 57% of total revenue, amounting to $18.8 million.
- Product revenue was $14.4 million, comprising 43% of total revenue.
- The company is focused on establishing a world-class SaaS and AI platform.
Headline financials
Revenue & EPS history
Powerfleet · Revenue · Quarterly
$33.2M
Revenue by segment
Powerfleet · $21M total across 1 segment · Q2 2023
- Services$21M+6.1%100.0%
Forward guidance
PowerFleet expects product gross profit to improve as they begin to realize the benefits from their operational and product reengineering initiatives and are working hard to expand recurring revenue while reducing operating expenses through even closer integration of our business units.
Tailwinds
- Ongoing deployments with major customers.
- Growth across core verticals and markets, particularly in Mexico and Pointer operation.
- Product gross profit expected to improve.
- Benefits from operational and product reengineering initiatives.
- Closer integration of business units to expand recurring revenue and reduce operating expenses.
Headwinds
- Navigating through the global supply chain and electronic component challenges.
- Product gross profit was impacted by product mix, higher costs associated with supply chain issues and electronic component shortages and inflation.
- Selling, general and administrative expenses increased compared to the same year-ago period.
- Research and development expenses increased compared to the same year-ago period.
- Net loss attributable to common stockholders increased compared to the same year-ago period.
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 2022
+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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