AIOT on Nasdaq

PowerFleet

Provider of wireless IoT solutions founded in 20191

In its 2026 annual report the company says: “We are a global provider of Artificial Intelligence-of-Things solutions providing valuable connected business intelligence for managing high-value enterprise and mid-market assets that improve operational efficiencies. We are headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Our Unity data highway and AIoT ecosystem is the centerpiece of our strategy.”7 It employed 840 people in 2020.1

$2.48 down 0.04 (1.39%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

$443.8MRevenue, fiscal 20264
-$20.6MNet income, fiscal 20264
2019Founded1

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  • TickerAIOT on Nasdaq1
  • Industrytechnology1
  • HeadquartersWoodcliff Lake, New Jersey1
  • Founded inUnited States1
  • Websitewww.powerfleet.com
  • Legal formlimited company, public company1
  • Listed onNasdaq (PWFL), Tel Aviv Stock Exchange (PWFL)1
  • Incorporated inDE5
  • Business address123 Tice Blvd., Woodcliff Lake, Nj 076775
  • Filer categoryAccelerated filer5

We are a global provider of Artificial Intelligence-of-Things (“AIoT”) solutions providing valuable connected business intelligence for managing high-value enterprise and mid-market assets that improve operational efficiencies.7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

55.5%Gross margin4
4.4%Operating margin4
-4.6%Net margin4
22.4%Revenue growth, 20264
-4.3%Return on equity4
0.48×Debt to equity4
$8.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 81% of the revenue PowerFleet broke down this way in fiscal 2026.

  1. Service$359.8M481%up 30% from 2025
  2. Product$84.0M419%down 2% from 2025
Products and services by year
Products and services202320252026
Service$84.0M$276.9M$359.8M
Product$49.7M$85.6M$84.0M

Regions

United States brought in 36% of the revenue PowerFleet broke down this way in fiscal 2026.

  1. United States$159.3M436%up 31% from 2025
  2. Africa$109.7M425%up 12% from 2025
  3. Israel$58.4M413%up 18% from 2025
  4. Europe And Middle East [member]$51.1M412%up 18% from 2025
  5. Australia$43.0M410%up 39% from 2025
  6. Other$22.3M45%up 14% from 2025
Regions by year
Regions202320252026
United States$74.7M$121.6M$159.3M
Africa$3.3M$97.6M$109.7M
Israel$41.7M$49.6M$58.4M
Europe And Middle East [member]$1.9M$43.2M$51.1M
Australia$0$31.0M$43.0M
Other$12.2M$19.6M$22.3M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue44¢$197.4M
  • Research and development4¢$18.4M
  • Selling, general and admin47¢$208.5M
  • Other costs2¢$10.9M
  • Income tax2¢$8.7M

Out of $443.8M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending71¢$21.6M
  • Kept or used elsewhere29¢$8.8M

Out of $30.5M of cash from operations.4

Financial statements

Revenue8910114$443.8M in 2026+442% since 2019
0$200.0M$400.0M$600.0M2019: $81.9M$81.9M20192020: $113.6M$113.6M2020+39%2021: $126.0M$126.0M2021+11%2022: $135.9M$135.9M2022+8%2023: $133.7M$133.7M2023−2%2025: $362.5M$362.5M2025+171%2026: $443.8M$443.8M2026+22%
Gross profit8910114$246.4M in 2026+542% since 2019
0$100.0M$200.0M$300.0M2019: $38.4M$38.4M20192020: $59.0M$59.0M2020+54%2021: $59.8M$59.8M2021+1%2022: $65.0M$65.0M2022+9%2023: $67.1M$67.1M2023+3%2025: $194.5M$194.5M2025+190%2026: $246.4M$246.4M2026+27%
Operating income8910114$19.6M in 2026
-$40.0M-$20.0M0$20.0M2019: -$9.8M-$9.8M20192020: -$3.5M-$3.5M2020−65%2021: -$8.2M-$8.2M2021+136%2022: -$7.0M-$7.0M2022−15%2023: -$12.6M-$12.6M2023+80%2025: -$25.9M-$25.9M2025+106%2026: $19.6M$19.6M2026
Net income8910114-$20.6M in 2026+87% since 2019
-$60.0M-$40.0M-$20.0M02019: -$11.0M-$11.0M20192020: -$9.0M-$9.0M2020−18%2021: -$12.8M-$12.8M2021+42%2022: -$6.8M-$6.8M2022−47%2023: -$5.7M-$5.7M2023−16%2025: -$51.0M-$51.0M2025+798%2026: -$20.6M-$20.6M2026−60%

Every line of the income statement as filed: the last 4 fiscal years (annual) or 1 quarters (quarterly), latest first.4

Period ending2026-03-312025-03-312023-12-312022-12-31
Total revenues$443.8M$362.5M$133.7M
Total cost of revenues$197.4M$168.0M$66.7M
Gross profit$246.4M$194.5M$67.1M
Selling, general and administrative expenses$208.5M$204.4M$71.3M
Research and development expenses$18.4M$16.1M$8.4M
Total operating expenses$226.8M$220.4M$79.6M
(Loss) income from operations$19.6M-$25.9M-$12.6M
Interest income$780.0K$926.0K$103.0K
Interest expense-$27.5M-$20.3M-$1.6M
Bargain purchase - Movingdots$0$0$9.0M
Other expense-$4.1M-$1.2M-$29.0K
Net loss before income taxes-$11.3M-$46.5M-$5.1M
Income tax expense-$8.7M-$4.5M-$589.0K
Net loss before non-controlling interest-$19.9M-$51.0M-$5.6M
Non-controlling interest-$608.0K-$18.0K-$35.0K
Net loss-$20.6M-$51.0M-$5.7M
Accretion of preferred stock$0$0-$7.1M
Preferred stock dividend$0-$25.0K-$4.5M
Net loss attributable to common stockholders-$20.6M-$51.0M-$17.3M-$17.3M
Net loss attributable to common stockholders-$20.6M-$51.0M-$17.3M-$17.3M
Net loss per share attributable to common stockholders - basic (in dollars per share)-$0.15-$0.43-$0.49-$0.49
Net loss per share attributable to common stockholders - diluted (in dollars per share)-$0.15-$0.43-$0.49-$0.49
Weighted-average common shares outstanding - basic (in shares)133.8M shares119.9M shares35.6M shares35.6M shares
Weighted-average common shares outstanding - diluted (in shares)133.8M shares119.9M shares35.6M shares35.6M shares

Compare PowerFleet with another company

Corporate structure

PowerFleet sits at the top of its group. 56 entities, 25 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PowerFleet

  • PowerFleet Woodcliff Lake, New Jersey
    • 1001020321 Ontario Inc. Subsidiary · Ontario, Canada
    • Centro de Solunciones Inalambricas S.A. de C.V. Subsidiary · Mexico
    • Complete Innovations AE Subsidiary · Greece
    • Complete Innovations Corp. Subsidiary · Delaware, United States
    • Complete Innovations Holdings Inc. Subsidiary · Ontario, Canada
    • Complete Innovations USA, Inc. Subsidiary · Delaware, United States
    • Fleet Complete Australia Pty Ltd Subsidiary · Australia
    • Fleet Complete Belgium BVBA Subsidiary · Belgium
    • Fleet Complete Cooperatief U.A. Subsidiary · Netherlands
    • Fleet Complete Danmark ApS Subsidiary · Denmark
    • Fleet Complete Eesti OU Subsidiary · Estonia
    • Fleet Complete Germany GmbH Subsidiary · Germany
    • Fleet Complete Holdings (AUS) Pty Limited Subsidiary · Australia
    • Fleet Complete Latvija SIA Subsidiary · Latvia
    • Fleet Complete Lietuva UAB Subsidiary · Lithuania
    • Fleet Complete Netherlands BV Subsidiary · Netherlands
    • Fleet Complete Nordics OU Subsidiary · Estonia
    • Fleet Complete Norge AS Subsidiary · Norway
    • Fleet Complete S. de R.L. de C.V. Subsidiary · Mexico
    • Fleet Complete Sverige AB Subsidiary · Sweden
    • Golden Eagle Canada Holdings Inc. Subsidiary · Ontario, Canada
    • Golden Eagle Holdings Inc. Subsidiary · Delaware, United States
    • I.D. Systems, Inc. Subsidiary · Delaware, United States
    • Immersive Client Experience Pty Ltd Subsidiary · South Africa
    • IT Mobile Spain, S.L. Subsidiary · Spain
    • and 30 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PowerFleet reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$99.2M4 Mar 31, 2026$84.2M4 Mar 31, 2025+17.8%
Accumulated depreciation$36.8M4 Mar 31, 2026$26.2M4 Mar 31, 2025+40.6%
Property and equipment, net$62.4M4 Mar 31, 2026$58.0M4 Mar 31, 2025+7.6%
Operating-lease assets (leased space)$15.9M4 Mar 31, 2026$12.3M4 Mar 31, 2025+28.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$36.5M4 Mar 31, 2026$44.4M4 Mar 31, 2025−17.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$412.0M4 Mar 31, 2026$383.1M4 Mar 31, 2025+7.5%
Intangible assets, net (excluding goodwill)$255.5M4 Mar 31, 2026$258.6M4 Mar 31, 2025−1.2%
Indefinite-lived intangibles (excluding goodwill)$165.0K4 Mar 31, 2026$165.0K4 Mar 31, 20250%
Finite-lived intangibles, gross$346.9M4 Mar 31, 2026$310.6M4 Mar 31, 2025+11.7%
Accumulated amortization$91.6M4 Mar 31, 2026$52.2M4 Mar 31, 2025+75.5%
Finite-lived intangibles, net$255.4M4 Mar 31, 2026$258.4M4 Mar 31, 2025−1.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$22.4M4 Mar 31, 2026$18.4M4 Mar 31, 2025+22.3%
Raw materials$8.5M4 Mar 31, 2026$11.9M4 Mar 31, 2025−28.4%
Work in process$011 Mar 31, 2025$49.0K11 Mar 31, 2024−100.0%
Finished goods$14.0M4 Mar 31, 2026$6.5M4 Mar 31, 2025+115.0%

Properties, in its own words

Our corporate headquarters are located in Woodcliff Lake, New Jersey. We also have domestic offices in Florida. Our New Jersey offices measure approximately 1,000 square feet and are leased space. Our Florida offices consist of approximately 30,416 square feet of leased administrative and warehouse space.

We also lease space in Canada and Mexico, as well as in other international locations for our operations across South America, Europe, Africa, Australia and Asia.

The rest of Item 2

We also lease a call center and warehouse space and additional smaller facilities and antenna sites in various locations in Israel.

We believe that our existing facilities are adequate for our existing needs.

Item 2 of the 10-K filed Jun 15, 2026.7

Leadership

Who has led PowerFleet, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Ned Mavrommatis2019–2021

Chief operating officer

  1. Offer Lehmann2022–2023
20202025
Board members and other officers (17)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Financial Officer and Corporate SecretaryDavid Wilson named Oct 16, 202436
  • Chief Product OfficerJonathan Bates named Oct 16, 202436
  • DirectorAndrew Martin named Oct 16, 202436
  • DirectorIan Jacobs named Oct 16, 202436

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1001020321 Ontario Inc. Ontario6
  • Centro de Solunciones Inalambricas S.A. de C.V. Mexico6
  • Complete Innovations AE Greece6
  • Complete Innovations Corp. Delaware6
  • Complete Innovations Holdings Inc. Ontario6
  • Complete Innovations USA, Inc. Delaware6
  • Fleet Complete Australia Pty Ltd Australia6
  • Fleet Complete Belgium BVBA Belgium6
  • Fleet Complete Cooperatief U.A. Netherlands6
  • Fleet Complete Danmark ApS Denmark6
  • Fleet Complete Eesti OU Estonia6
  • Fleet Complete Germany GmbH Germany6
  • Fleet Complete Holdings (AUS) Pty Limited Australia6
  • Fleet Complete Latvija SIA Latvia6
  • Fleet Complete Lietuva UAB Lithuania6
  • Fleet Complete Netherlands BV Netherlands6
  • Fleet Complete Nordics OU Estonia6
  • Fleet Complete Norge AS Norway6
  • Fleet Complete S. de R.L. de C.V. Mexico6
  • Fleet Complete Sverige AB Sweden6
  • Golden Eagle Canada Holdings Inc. Ontario6
  • Golden Eagle Holdings Inc. Delaware6
  • I.D. Systems, Inc. Delaware6
  • IT Mobile Spain, S.L. Spain6
All 56 listed subsidiaries
  • Immersive Client Experience Pty Ltd South Africa6
  • Main Street 2000 Pty Ltd South Africa6
  • MiX Telematics Africa Pty Ltd South Africa6
  • MiX Telematics Australasia Pty Ltd Australia6
  • MiX Telematics East Africa Ltd Uganda6
  • MiX Telematics Enterprise SA Pty Ltd South Africa6
  • MiX Telematics Europe Limited United Kingdom6
  • MiX Telematics Fleet Support Services Pty Ltd South Africa6
  • MiX Telematics India Private Limited India6
  • MiX Telematics International Pty Ltd South Africa6
  • MiX Telematics Investments Pty Ltd South Africa6
  • MiX Telematics Middle East FZE United Arab Emirates6
  • MiX Telematics Pty Ltd (formerly known as MiX Telematics Limited) South Africa6
  • MiX Telematics Romania SRL Romania6
  • MiX Telematics Serviços de Telemetria e Rastreamento de Veículos do Brasil Limitada Brazil6
  • MiX Telematics Thailand Limited Thailand6
  • Movingdots GmbH Germany6
  • Pointer Argentina S.A. Argentina6
  • Pointer Logistica y Monitoreo, S.A. de C.V. Mexico6
  • Pointer Recuperación de México, S.A. de C.V. Mexico6
  • Pointer SA Pty Ltd South Africa6
  • Pointer Telocation India Private Limited India6
  • Pointer Telocation Ltd Israel6
  • Powerfleet Africa Sky Pty Ltd South Africa6
  • Powerfleet Brasil Ltda Brazil6
  • Powerfleet Canada Holdings Inc. Ontario6
  • Powerfleet GmbH Germany6
  • Powerfleet Israel Ltd Israel6
  • Powerfleet Systems Ltd United Kingdom6
  • RTS Services Africa Pty Ltd South Africa6
  • RTS Solutions Africa Pty Ltd South Africa6
  • TC Beheer BV Netherlands6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

  • 20208401

Timeline

  1. Sep 16, 20268-K Executive or director change; Shareholder vote37
  2. Aug 11, 20268-K Entered a material agreement; Executive or director change38
  3. Aug 10, 20268-K Results of operations; Regulation FD disclosure39
  4. Jul 21, 20268-K Executive or director change; Other events40
  5. Jul 1, 20268-K Other events41
  6. Jun 15, 20268-K Results of operations; Regulation FD disclosure42
  7. May 22, 20268-K Executive or director change43
  8. Feb 9, 20268-K Results of operations; Regulation FD disclosure44
  9. Feb 3, 20268-K Executive or director change; Other events45
  10. Dec 22, 20258-K Other events46
  11. Nov 14, 20258-K Regulation FD disclosure47
  12. Nov 10, 20258-K Results of operations; Regulation FD disclosure48
  13. Jan 10, 2022New chief executive Steven Mark Towe becomes CEO17
  14. Oct 3, 2019New chief executive David Mahlab becomes CEO18
  15. 2019Founded Founded in United States1

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.03) a share, on Nov 10, 2025.49

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results39
  2. Jun 15, 2026Reported quarterly or annual results42
  3. Feb 9, 2026Reported quarterly or annual results44
  4. Nov 10, 2025Reported quarterly or annual results48
  5. Aug 11, 2025Reported quarterly or annual results50
  6. Jun 16, 2025Reported quarterly or annual results51
  7. May 23, 2025Reported quarterly or annual results52
  8. Feb 10, 2025Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

282 filings to the SEC since October 2021: 9 annual reports, 14 quarterly reports, 69 major events, 86 insider forms, 38 large holders, 1 private raises, 65 other. The latest 20:

  1. Sep 28, 2026S-8 EDGAR
  2. Sep 18, 20264 EDGAR
  3. Sep 18, 20264 EDGAR
  4. Sep 16, 20268-K EDGAR
  5. Aug 17, 20264 EDGAR
  6. Aug 14, 2026SCHEDULE 13G/A EDGAR
  7. Aug 11, 20264 EDGAR
  8. Aug 11, 20263 EDGAR
  9. Aug 11, 20268-K EDGAR
  10. Aug 10, 202610-Q EDGAR
  11. Aug 10, 20268-K EDGAR
  12. Jul 29, 20264 EDGAR
  13. Jul 29, 20264 EDGAR
  14. Jul 29, 20264 EDGAR
  15. Jul 29, 2026ARS EDGAR
  16. Jul 29, 2026DEFA14A EDGAR
  17. Jul 29, 2026DEF 14A EDGAR
  18. Jul 27, 20263 EDGAR
  19. Jul 21, 20268-K EDGAR
  20. Jul 1, 20268-K EDGAR

The 282 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 6 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 18, 2025McConnell Michael JDirectorBuy10,000$4.64$46.4KForm 4
Aug 14, 2025Towe Steven MarkChief Executive OfficerBuy23,157$4.42$102.4KForm 4
Dec 6, 2024Lewis Catherine JChief Customer OfficerSale187,990$6.73$1.3MForm 4
Dec 5, 2024Lewis Catherine JChief Customer OfficerSale82,010$7.05$578.2KForm 4
Nov 21, 2022CASEY MICHAEL JDirectorBuy20,000$2.97$59.4KForm 4
May 17, 2022Frumberg CharlesDirectorSale27,699$2.25$62.3KForm 4
May 16, 2022Frumberg CharlesDirectorSale11,716$2.24$26.2KForm 4
Mar 16, 2022Towe Steven MarkChief Executive OfficerBuy31,754$3.15$100.0KForm 4
Mar 16, 2022Brodsky MichaelDirectorBuy17,774$3.11$55.3KForm 4
Mar 15, 2022Brodsky MichaelDirectorBuy18,226$2.91$53.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Steve Towe54$555.8K$2.1M66
2026David Wilson58$435.0K$1.2M66
2026Melissa Ingram40$363.6K$1.1M66
2026Michael Powell$385.0K$823.2K66
2025Chief Executive Officer$425.0K$12.9M66
2025Chief Financial Officer$357.9K$2.5M66
2025Chief Corporate Development Officer$247.7K$2.3M66
2023Chief Executive Officer$425.0K$3.0M66
2023Chief Financial Officer$350.0K$1.2M66

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 1, 2024Raised $70 million in a private offering of equity Form D: 28 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.10,310,458$39.5M0.0%+343,727
Private Capital Management, LLC7,462,763$28.6M2.6%−14,095
Disciplined Growth Investors Inc /mn6,258,600$24.0M0.4%−1,057,572
Private Management Group Inc5,731,137$22.0M0.6%+218,615
Royce & Associates LP5,544,177$21.2M0.2%+561,859
325 Capital LLC5,283,000$20.2M4.8%+1,445,590
Samjo Management, LLC5,254,422$20.1M6.9%+1,262,305
Vanguard Capital Management LLC5,121,794$19.6M0.0%+11,142
Dimensional Fund Advisors LP4,190,798$16.1M0.0%+61,128
CenterBook Partners LP4,107,647$15.7M0.8%+666,124
Pinnacle Associates Ltd3,984,734$15.3M0.2%+853,990
Vanguard Portfolio Management LLC3,912,355$15.0M0.0%+238,317
AWM Investment Company, Inc.3,840,463$14.7M1.3%−861,043
State Street Corp3,266,242$12.5M0.0%−109,053
Geode Capital Management, LLC3,257,398$12.5M0.0%+192,658
Wasatch Advisors LP2,608,977$10.0M0.1%+367,248
Kopion Asset Management, LLC2,424,288$9.3M5.9%−12,324
Bandera Partners LLC2,381,666$9.1M3.2%No change
Kennedy Capital Management LLC2,352,695$9.0M0.2%+339,040
Grizzlyrock Capital, LLC1,794,303$6.9M4.8%+1,392,881
Lynrock Lake LP1,417,873$5.4M0.9%No change
Renaissance Technologies LLC1,268,663$4.9M0.0%−262,062
UBS Group AG1,163,856$4.5M0.0%+485,073
1492 Capital Management LLC1,159,473$4.4M1.3%−77,690
Northern Trust Corp1,078,464$4.1M0.0%+15,700

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How PowerFleet is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPowerfleet, Inc.2
  • CIK0001774170
  • Employer ID (EIN)83-43664637
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company7
  • Incorporated inDelaware7
  • Fiscal year endsMarch 312
  • Industry code (SIC)3669 Communications Equipment, NEC2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address123 Tice Blvd., Woodcliff Lake, NJ 076772
  • Phone201-996-90002
  • Shares outstanding134,225,918 as of Aug 6, 202614
  • Public float$660.5M as of Sep 30, 20257
  • AuditorDeloitte & Touche, Johannesburg, South Africa PCAOB ID 1130; it also attests to the company’s internal control over financial reporting7
  • On EDGAR sinceMay 24, 20192
  • Filings439 in all: 4 (133), 8-K (88), 3 (29), SC 13G/A (22), 10-Q (20), SC 13G (12), 425 (10), UPLOAD (10)2
    All 39 form types

    CORRESP (9), SCHEDULE 13G/A (9), 10-K (7), 11-K (7), DEF 14A (7), S-8 (7), SD (7), 10-K/A (5), 4/A (4), 8-K/A (4), ARS (4), EFFECT (4), NT 10-K (4), SC 13D/A (4), 424B3 (3), 424B5 (3), DEFA14A (3), NT 10-Q (3), S-4/A (3), SC 13D (3), 144 (2), D (2), S-4 (2), SCHEDULE 13G (2), 10-KT (1), 8-K12B (1), PRE 14A (1), S-1 (1), S-1/A (1), S-3 (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Jun 15, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Jul 29, 2026
    Latest 8-K (8-K) Sep 16, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareAIOTThe Nasdaq Global Market

From the cover page of the 10-K filed Jun 15, 2026 (Section 12(b) of the Exchange Act).7

Risk factors and legal proceedings

The risks PowerFleet names in Item 1A of its 10-K filed Jun 15, 2026: 30 risks under these headings, as written.7

  • Risks Related to Our Business
  • We may not fully realize the anticipated benefits of our acquisitions and ongoing business transformation initiatives, and these integration and business transformation initiatives may adversely affect our business, financial condition and results of operations, including our financial reporting and internal control over financial reporting.
  • We have incurred significant losses and have a substantial accumulated deficit. If we cannot achieve profitability, the market price of our common stock could decline significantly.
  • As an international company, we are exposed to macroeconomic, geopolitical, trade, sanctions and regulatory risks that could materially and adversely affect our business and financial results.
  • Disruptions in our global supply chain, performance issues with subcontractors, or our reliance on a limited number of suppliers for critical components may materially and adversely affect our ability to manufacture and deliver products and may reduce our revenues and gross margins.
  • If we are unable to keep up with rapid technological change, we may be unable to meet the needs of our customers, which could materially and adversely affect our financial condition and results of operations and reduce our ability to increase our market share.
  • We use AI and machine learning in our products and operations, but these technologies are rapidly evolving and subject to operational and regulatory risks, and failures or regulatory constraints in their development or use could adversely affect our business, results of operations and reputation.
  • We are subject to breaches of our information technology systems, which could damage our reputation, vendor, and customer relationships, and our customers’ access to our services.
  • The industry in which we operate is highly competitive, and competitive pressures from existing and new companies could have a material adverse effect on our financial condition and results of operations.
  • Failure to correctly and efficiently implement ERP and customer relationship management (“CRM”) systems could have a material and adverse effect on our business.
  • The international scope of our business exposes us to risks associated with foreign exchange rates, currency fluctuations and economic instability in certain emerging markets.
  • We may need to obtain additional capital to fund our operations that could have negative consequences on our business.
The other 19 risks
  • We rely significantly on third-party channel partners, including telecommunication companies and regional distributors, for market access and sales execution, and any disruption to, or our failure to develop and manage, our channel partners would harm our business.
  • Our revenue may be adversely affected if we lose one or more significant customers or if such customers reduce or delay purchases.
  • Failure to adequately protect our intellectual property rights or defend against third-party claims could materially and adversely affect our business, financial condition and results of operations.
  • We have incurred significant additional indebtedness in connection with acquisitions, refinancing activities, business integration initiatives and general corporate financing needs, which could adversely affect our financial condition, liquidity and operating flexibility.
  • Our Israeli subsidiaries have incurred significant indebtedness.
  • The terms of the A&R Credit Agreement restrict Powerfleet Israel’s and Pointer’s current and future operations, particularly their ability to respond to changes or to take certain actions.
  • Goodwill impairment or intangible impairment charges may affect our results of operations in the future.
  • Failure to maintain effective internal control over financial reporting could adversely affect our business and investor confidence.
  • The use of our products is subject to international regulations.
  • The adoption of industry standards that do not incorporate the technology we use may decrease or eliminate the demand for our services or products and could harm our results of operations.
  • Under the current laws in jurisdictions in which we operate, we may not be able to enforce non-compete covenants and therefore may be unable to prevent our competitors from benefiting from the expertise of some of our former employees.
  • Our cash and cash equivalents could be adversely affected by a downturn in the financial and credit markets.
  • We have operations located in Israel, and therefore, our results may be adversely affected by political, military and economic conditions in Israel.
  • If we do not achieve applicable Broad-Based Black Economic Empowerment objectives in our South African businesses, we risk not being able to renew certain of our existing contracts which service South African government and quasi-governmental customers, as well as not being awarded future corporate and governmental contracts, each of which would result in the loss of revenue.
  • Political and economic conditions in South Africa or regionally may adversely affect the operation of our business.
  • Risks Related to Our Securities
  • Future sales of our common stock, including sales of our common stock acquired upon the exercise of outstanding options, may cause the market price of our common stock to decline.
  • The concentration of common stock ownership among our executive officers and directors could limit the ability of other stockholders of the Company to influence the outcome of corporate transactions or other matters submitted for stockholder approval.
  • Our Amended and Restated Certificate of Incorporation, as amended, provides that the Court of Chancery of the State of Delaware will be the exclusive forum for certain legal actions between us and our stockholders, which could limit stockholders’ ability to obtain a judicial forum viewed by the stockholders as more favorable for disputes with us or our directors, officers or employees, and the enforceability of the exclusive forum provision may be subject to uncertainty.
  • Provisions of Delaware law or the Charter could delay or prevent an acquisition of the Company, even if the acquisition would be beneficial to our stockholders, and could make it more difficult for stockholders to change our management.

Legal proceedings

The information contained in Note 19 to our consolidated financial statements included in this Form 10-K is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.7

Sources

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