NASDAQ$AIOT

Powerfleet Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Powerfleet's Q4 2021 earnings were marked by a 17% year-over-year revenue increase to $34.4 million.

Powerfleet reported a strong finish to 2021 with a 17% increase in revenue compared to the same quarter last year, reaching $34.4 million. The company ended the year with $26.8 million in cash and cash equivalents and is focused on establishing itself as a mission-critical software provider.

  • Total revenue increased 17% year-over-year to $34.4 million.
  • Services revenue was $19.1 million, representing 56% of total revenue.
  • Product revenue was $15.3 million, accounting for 44% of total revenue.
  • Cash and cash equivalents at quarter-end were $26.8 million.

Headline financials

Total Revenue

$34.4M

Previous: $29.4M+17.0%
EPS (adj)

-$0.01

Previous: $0.05-120.0%
Net Income

-$7.9M

Previous: -$3.5M-125.7%
Operating Income

-$3.51M

Previous: -$3.5M-0.2%
Gross Profit

$15.4M

Previous: $15.2M+1.3%
Cash & Equivalents

$26.8M

Previous: $18.1M+48.1%
Total Assets

$230M

Previous: $220M+4.7%
Stock-Based Comp

$1.3M

Previous: $1.18M+9.7%

Revenue & EPS history

Powerfleet · Revenue · Quarterly

$34.4M

Q4 2021+17%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Powerfleet · $34.4M total across 2 segments · Q4 2021

  • Services
    $19.1M+10.4%
  • Products
    $15.3M+26.4%

Forward guidance

PowerFleet is focused on establishing a world-class SaaS and AI platform to maximize customer impact and increase wallet share. The company expects this strategy to translate to international revenue growth and a highly scalable, repeatable, and profitable global organization.

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 2021

Historical avgQ4 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

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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