Powerfleet — Second Quarter Fiscal 2027 Earnings Summary

Powerfleet reported record second-quarter fiscal 2027 revenue of $115.7 million, representing a 4% sequential increase, with services revenue growing 7% year-over-year to $95.2 million. The company achieved a profit from operations of $1.4 million and adjusted EBITDA of $24.9 million, while agreeing to a device financing facility with Rand Merchant Bank to support its South African National Treasury contract. Powerfleet affirmed its full-year fiscal 2027 guidance, projecting revenue between $468 million and $473 million and adjusted EBITDA between $111 million and $114 million. Additionally, the company launched new AI-powered solutions, Unity Foresight and Unity Asset Intelligence, to expand its platform capabilities across various asset types.