NASDAQ$AIOT
Powerfleet Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported a 7% sequential increase in total revenue, gross profit expansion, and profitability improvements.
PowerFleet reported strong financial results for Q3 2020, demonstrating business resilience and focus on profitable growth. Total revenue increased by 7% sequentially to $27.6 million, driving gross profit expansion and profitability improvements. The company generated $3.6 million in adjusted EBITDA, marking the highest quarterly level since the acquisition of Pointer.
- Total revenue increased 7% sequentially to $27.6 million.
- Gross profit increased 6% sequentially.
- Adjusted EBITDA increased 71% sequentially, reaching $3.6 million.
- Net loss improved compared to the prior quarter.
Headline financials
Revenue & EPS history
Powerfleet · Revenue · Quarterly
$27.6M
Revenue by segment
Powerfleet · $27.6M total across 2 segments · Q3 2020
- Services$16.7M+187.9%60.5%
- Products$10.9M-1.8%39.5%
Forward guidance
PowerFleet has 570,000 subscribers and expects high-margin recurring services and subscription revenues. The company has a strong financial foundation with $21 million of cash.
Tailwinds
- 570,000-subscriber base provides high-margin recurring services and subscription revenues.
- Strong financial foundation with $21 million of cash.
- Consistent cash flow generation.
- Diversified and stable plan to execute growth strategy.
- Confident in continued ability to execute strategy.
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 Q3 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% |
Discussion
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