PowerFleet, Inc. (PWFL) Misses Q3 EPS by 13c
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Powerfleet Reports Third Quarter and Nine Month 2023 Financial Results
November 9, 2023 7:00 AM ESTQ3 2023 total revenue increased 7% sequentially to $34.2 million, marking the highest revenue performance in four quarters
Company's SaaS-centric business model transformation continues at pace with high-margin service revenue increasing 11% in Q3 2023 and 14% for the year to date compared to prior year periods (constant currency)
AEBITDA increased threefold following the execution of annualized $4 million cost reduction measures to absorb AI and data science talent acquired with the Movingdots transaction
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