Powerfleet, Inc. (AIOT) Form 8-K — Nov 9, 2026
Powerfleet reported record Q2 FY2027 revenue of $115.7 million, up 4% year-over-year, with services revenue up 7% to $95.2 million (82% of mix). Adjusted EBITDA was roughly flat at $24.9 million while the net loss widened to $6.9 million from $4.3 million and gross margin compressed to 53% from 56%. The company affirmed FY2027 guidance of $468-473 million revenue and $111-114 million adjusted EBITDA, targeting a ~$495 million exit run-rate with ~27% EBITDA margins. Management also launched two new AI products, Unity Foresight and Unity Asset Intelligence, citing a TAM of over 100 million assets and $30 billion.
Key figures
- Revenue
- 115700000
- Guidance
- FY2027 revenue $468M-$473M (~6% YoY growth at midpoint), adjusted EBITDA $111M-$114M (~24% margin at midpoint), free cash flow ~$20M, exit Q4 annualized run-rate ~$495M with ~27% adjusted EBITDA margin
- Total Debt
- 291400000
- Revenue Yoy
- 4%
- Cash Position
- 29800000
- Net debt
- 261600000
- Tam assets
- over 100 million assets
- Tam dollars
- $30 billion of potential connected services
- Gross margin
- 53% vs 56% prior year
- Services mix
- 82%
- Adjusted ebitda
- 24900000
- Services revenue
- 95200000
- Services revenue yoy
- 7%
- Adjusted ebitda margin
- 21.5%
- Adjusted net debt to ebitda
- 2.65
- Weighted avg shares fy27 guidance
- approximately 136 million
AI analysis
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