PowerFleet Overview

  • Year Founded
  • 1993

Year Founded

  • Status
  • Public

  • Employees
  • 1,954

Employees

  • Stock Symbol
  • AIOT

Stock Symbol

  • Investments
  • 9

  • Share Price
  • $5.67
  • (As of Friday Closing)

PowerFleet General Information

Description

PowerFleet Inc is engaged in Internet-of-Things (IoT) solutions providing valuable business intelligence for managing high-value enterprise assets that improve operational efficiencies. It provide critical information that powers unified operations throughout organizations. It is solving the challenge of inefficient data collection, real-time visibility, and analysis that leads to transformative business operations. Its SaaS cloud-based applications take data from IoT devices and ecosystem of third-party and partner applications to present actionable information for customer.

Contact Information

Website
www.powerfleet.com
Formerly Known As
I.D. Systems
Ownership Status
Publicly Held
Financing Status
Corporation
Corporate Office
  • 123 Tice Boulevard
  • Suite 101
  • Woodcliff Lake, NJ 07677
  • United States
+1 (201)
Primary Industry
IT Consulting and Outsourcing
Stock Exchange
NAS
Vertical(s)
SaaS, Artificial Intelligence & Machine Learning
Corporate Office
  • 123 Tice Boulevard
  • Suite 101
  • Woodcliff Lake, NJ 07677
  • United States
+1 (201)

PowerFleet Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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PowerFleet Stock Performance

As of 10-Jan-2025, PowerFleet’s stock price is $5.67. Its current market cap is $750M with 132M shares.

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$5.67 $5.96 $2.85 - $7.38 $750M 132M 1.69M -$1.11

PowerFleet Financials Summary

As of 30-Sep-2024, PowerFleet has a trailing 12-month revenue of $221M.

In Thousands,
USD 		TTM 30-Sep-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 658,336 195,663 166,511 224,474
Revenue 220,840 133,736 135,912 125,960
EBITDA (17,811) 5,893 1,315 389
Net Income (36,508) (5,675) (6,754) (12,766)
Total Assets 748,335 218,089 218,056 229,867
Total Debt 156,156 27,502 29,784 34,232
Public Fundamental Data provided by Morningstar, Inc. disclaimer

PowerFleet Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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PowerFleet Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
PowerFleet Inc is engaged in Internet-of-Things (IoT) solutions providing valuable business intelligence for managing hi
IT Consulting and Outsourcing
Woodcliff Lake, NJ
1,954 As of 2024

Plano, TX
 

Pune, India
 
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PowerFleet Competitors (6)

One of PowerFleet’s 6 competitors is Softweb Solutions, a Corporate Backed or Acquired company based in Plano, TX.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Softweb Solutions Corporate Backed or Acquired Plano, TX
Persistent Systems Formerly VC-backed Pune, India
Tech Mahindra Corporate Backed or Acquired Mumbai, India
VCTI Corporation Somerset, NJ
Wipro Corporation Bengaluru, India
To view PowerFleet’s complete competitors history, request access »

PowerFleet Patents

  • 118

    Total Documents Applications and Grants

  • Total Patents Families

  • 61

    Granted

  • 3

    Pending

  • Expiring in next 12 mo

PowerFleet Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20230014528-A1 Weight measurement and cargo tracking systems and methods Pending 15-Jul-2021
US-11302132-B1 Wireless authentication systems and methods Active 17-Jul-2020
US-20220237975-A1 Wireless authentication systems and methods Active 17-Jul-2020
US-11837041-B2 Wireless authentication systems and methods Active 17-Jul-2020
US-20240096156-A1 Wireless authentication systems and methods Active 17-Jul-2020 G07C9/28
To view PowerFleet’s complete patent history, request access »

PowerFleet Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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PowerFleet Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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PowerFleet Acquisitions (9)

PowerFleet’s most recent deal was a Merger/Acquisition with Fleet Complete for . The deal was made on 18-Sep-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Fleet Complete 18-Sep-2024 Merger/Acquisition Business/Productivity Software
MiX Telematics 26-Jan-2024 Merger/Acquisition Systems and Information Management
Movingdots 31-Mar-2023 Merger/Acquisition Business/Productivity Software
Pointer Telocation 03-Oct-2019 Merger/Acquisition Business/Productivity Software
CarrierWeb 30-Jan-2019 Merger/Acquisition Business/Productivity Software
You’re viewing 5 of 9 acquisitions. Get the full list »

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PowerFleet ESG

Risk Overview

Risk Rating

Updated January, 26, 2021

28.8 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 14,042

Rank

Percentile

Technology Hardware

Industry

of 557

Rank

Percentile

Communications Equipment

Subindustry

of 110

Rank

Percentile

To view PowerFleet’s complete esg history, request access »

Affiliates

Subsidiaries (5)

Name Industry Location Year Founded
CarrierWeb Atlanta, GA 2001
Movingdots Bremen, Germany 1999
Fleet Complete Toronto, Canada 1998
MiX Telematics Stellenbosch, South Africa 1996
Keytroller Tampa, FL 1988

PowerFleet FAQs

  • When was PowerFleet founded?

    PowerFleet was founded in 1993.

  • Where is PowerFleet headquartered?

    PowerFleet is headquartered in Woodcliff Lake, NJ.

  • What is the size of PowerFleet?

    PowerFleet has 1,954 total employees.

  • What industry is PowerFleet in?

    PowerFleet’s primary industry is IT Consulting and Outsourcing.

  • Is PowerFleet a private or public company?

    PowerFleet is a Public company.

  • What is PowerFleet’s stock symbol?

    The ticker symbol for PowerFleet is AIOT.

  • What is the current stock price of PowerFleet?

    As of 10-Jan-2025 the stock price of PowerFleet is $5.67.

  • What is the current market cap of PowerFleet?

    The current market capitalization of PowerFleet is $750M.

  • What is PowerFleet’s current revenue?

    The trailing twelve month revenue for PowerFleet is $221M.

  • Who are PowerFleet’s competitors?

    Softweb Solutions, Persistent Systems, Tech Mahindra, VCTI, and Wipro are some of the 6 competitors of PowerFleet.

  • What is PowerFleet’s annual earnings per share (EPS)?

    PowerFleet’s EPS for 12 months was -$1.11.

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