NASDAQ$AIOT
Powerfleet Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Powerfleet's Q2 2021 financial performance demonstrated robust revenue growth and expanding profitability metrics, driven by increased sales activity across geographic regions.
Powerfleet reported a 30% increase in total revenue to $33.5 million, driven by a measurable pickup in new sales activity across geographic regions. The company's focus on predictable revenue streams resulted in an 11% year-over-year increase in high margin, recurring and services revenue. PowerFleet's financial performance reflects the continued execution of its long-term strategy to increase high margin recurring and services revenue.
- Total revenue increased by 30% year-over-year to $33.5 million.
- Services revenue accounted for 54% of total revenue, amounting to $18.1 million.
- Product revenue increased to $15.5 million, representing 46% of total revenue.
- Net loss attributable to common stockholders totaled $2.6 million, or $(0.08) per basic and diluted share.
Headline financials
Revenue & EPS history
Powerfleet · Revenue · Quarterly
$33.5M
Revenue by segment
Powerfleet · $21M total across 1 segment · Q2 2023
- Services$21M+6.1%100.0%
Forward guidance
PowerFleet has entered the second half of 2021 with encouraging momentum, giving them confidence in their growth prospects and are making meaningful progress on their financial goals.
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 Q2 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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro