NASDAQ$AIOT

Powerfleet Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Powerfleet's Q4 2019 financial performance was reported, with record GAAP revenue and strategic progress in integration and market expansion.

Powerfleet reported a strong Q4 2019 with record revenue of $35.1 million, a 17% increase year-over-year on a pro forma basis. The company is integrating Pointer, securing new customer wins, and focusing on recurring revenue growth and cost savings.

  • Total revenue increased to $35.1 million from $11.5 million in the same year-ago period.
  • Services revenue was $18.7 million, representing 53.2% of total revenue.
  • The company ended the quarter with approximately 550,000 mobile subscription units on its platform.
  • Net loss attributable to common stockholders totaled $5.2 million or $(0.18) per basic and diluted share.

Headline financials

Total Revenue

$35.1M

No prior period
EPS (adj)

-$0.12

No prior period
Net Income

-$5.2M

No prior period
Operating Income

-$5.2M

No prior period
Gross Profit

$16.6M

No prior period
Cash & Equivalents

$16.4M

No prior period
Total Assets

$223M

No prior period
Stock-Based Comp

$2.06M

No prior period

Revenue & EPS history

Powerfleet · Revenue · Quarterly

$35.1M

Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Powerfleet · $35.2M total across 2 segments · Q4 2019

  • Services
    $18.7M
  • Products
    $16.5M

Forward guidance

PowerFleet is focused on expanding its IoT platform, pursuing cross-selling opportunities, and leveraging secular tailwinds to generate shareholder value through global scale, profitability, and cash flow generation.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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