Earnings Releases·Nov 9, 2026, 7:13 AM ET

Powerfleet — Second Quarter Fiscal 2027 Earnings Summary

Total revenue increased 4% year-over-year to $115.7 million, driven by a 7% rise in services revenue to $95.2 million, though product revenue fell 8% to $20.5 million; net loss widened to $6.9 million from $4.3 million, while adjusted EBITDA rose slightly to $24.9 million.
The company affirmed full-year fiscal 2027 revenue guidance of $468 million to $473 million and adjusted EBITDA guidance of $111 million to $114 million, with expectations for strengthened profitability in the second half and an exit run rate of approximately $495 million.
Strategic initiatives include the launch of Unity Foresight and Unity Asset Intelligence, progress on the South African National Treasury contract ahead of schedule, and a new device financing facility with Rand Merchant Bank to support hardware-as-a-service scaling.
Management redirected capital and operating resources away from near-term revenue opportunities to prioritize long-term growth, while noting that gross margin decreased to 53% and operating expenses rose 4% due to planned investments in selling and marketing.