PowerFleet, Inc. (NASDAQ:AIOT) saw its stock price plummet by 5.13% in the pre-market session on Friday, as the company reported mixed second quarter 2025 earnings results.
While PowerFleet's revenue of $77 million exceeded analyst expectations by 3.8%, the company's earnings per share missed estimates significantly, with a net loss of $0.018 per share compared to the consensus estimate of a profit.
Despite the disappointing earnings, PowerFleet did show improvement from the prior year period. The company's net loss narrowed by 71% year-over-year, and revenue surged by an impressive 125%. However, analysts have highlighted two warning signs for the company that investors should consider.
Comments