NASDAQ$AIOT
Powerfleet Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Powerfleet reported a solid finish to a very unpredictable 2020, delivering 7% sequential topline growth and improved profitability measures due to strategic initiatives and a leaner cost structure.
Powerfleet's Q4 2020 results showed a decrease in total revenue compared to the same period last year, but the company saw sequential topline growth and improved profitability measures due to strategic initiatives and cost optimization. The company reported a net loss but a non-GAAP net income.
- Delivered 7% sequential topline growth.
- Achieved a 4% sequential increase in high margin recurring and services revenue.
- Improved GAAP and non-GAAP profitability measures.
- Finished the year strong with new customer wins and a solid backlog of installations.
Headline financials
Revenue & EPS history
Powerfleet · Revenue · Quarterly
$29.4M
Revenue by segment
Powerfleet · $29.4M total across 2 segments · Q4 2020
- Services$17.3M-7.5%58.8%
- Products$12.1M-26.7%41.2%
Forward guidance
End market demand for dry van, container, and cold chain mobility platforms is steadily improving in North America, and the company is gaining numerous cold chain and IoT pharma customers in Israel. As the global economy recovers, PowerFleet is positioned to leverage its scale and international footprint to capture a larger share of the industrial IoT market.
Tailwinds
- End market demand for dry van, container, and cold chain mobility platforms is steadily improving in North America.
- Gaining numerous cold chain and IoT pharma customers in Israel.
- PowerFleet is well positioned to leverage its enhanced scale.
- PowerFleet has a strong balance sheet.
- PowerFleet has an expansive international footprint to effectively compete and win global tenders.
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 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% |
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