PowerFleet, Inc. (AIOT) saw its stock price plummet 5.21% during intraday trading on Monday, following the release of its fourth-quarter fiscal 2026 earnings results.
The company reported a net loss of USD 2.7 million for the quarter, with earnings per share (EPS) coming in at USD -0.02. This negative bottom-line performance appears to have driven investor concern, despite some positive metrics in the report.
PowerFleet's quarterly revenue of USD 114.5 million surpassed the IBES estimate of USD 113.1 million. Furthermore, the company's adjusted EPS of USD 0.04 exceeded the estimated USD -0.01, and its adjusted EBITDA of USD 26.4 million also beat expectations. The company provided a full-year revenue outlook of USD 485-490 million.
Comments