powerfleet, inc. develops, markets, and sells wireless internet-of-things and machine-to-machine solutions in the united states, israel, and internationally. the company offers industrial solutions, such as on-premise or in-facility asset and operator management, monitoring, and visibility for industrial trucks, such as forklifts and ground support equipment at airports. it also provides logistic solutions, including bumper-to-bumper asset management, monitoring, and visibility for heavy trucks, dry-van trailers, refrigerated trailers, shipping containers, etc., as well as associated cargos; and mobile-asset tracking and condition-monitoring solutions. in addition, the company offers vehicle solutions to enhance the vehicle fleet management process. further, it provides hosting, maintenance, and support and consulting services; and software as a service covering system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and softw
Company profile
Ticker
PWFL
Exchange
Website
CEO
Chris Wolfe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
I.D. Systems, Inc. • Asset Intelligence, LLC • Keytroller, LLC • PowerFleet GmbH • PowerFleet Systems Ltd • PowerFleet Israel Ltd. • Pointer Telocation Ltd. • Pointer Argentina S.A. • Pointer Recuperación de México, S.A. de C.V. • Pointer Logistica y Monitoreo, S.A. de C.V. ...
IRS number
834366463
PWFL stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
22 Mar 24
NT 10-K
Notice of late annual filing
15 Mar 24
425
Business combination disclosure
12 Mar 24
8-K
Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results
12 Mar 24
8-K
Powerfleet and MiX Telematics Receive Shareholder Approval for Proposed Business Combination
28 Feb 24
425
Business combination disclosure
30 Jan 24
8-K
Powerfleet and MiX Telematics Announce Shareholders Meetings to Vote on Proposed Business Combination
30 Jan 24
EFFECT
Notice of effectiveness
25 Jan 24
424B3
Prospectus supplement
24 Jan 24
Transcripts
PWFL
Earnings call transcript
2023 Q4
12 Mar 24
PWFL
Earnings call transcript
2023 Q3
9 Nov 23
PWFL
Earnings call transcript
2023 Q2
8 Aug 23
PWFL
Earnings call transcript
2023 Q1
9 May 23
PWFL
Earnings call transcript
2022 Q4
9 Mar 23
PWFL
Earnings call transcript
2022 Q3
8 Nov 22
PWFL
Earnings call transcript
2022 Q2
8 Aug 22
PWFL
Earnings call transcript
2022 Q1
14 May 22
PWFL
Earnings call transcript
2021 Q4
9 Mar 22
PWFL
Earnings call transcript
2021 Q3
6 Nov 21
Latest ownership filings
SC 13G/A
NORTH RUN CAPITAL, LP
14 Feb 24
SC 13G
AWM Investment Company, Inc.
14 Feb 24
SC 13G
AMERIPRISE FINANCIAL INC
14 Feb 24
SC 13G/A
Private Capital Management, LLC
5 Feb 24
SC 13G
ROYCE & ASSOCIATES LP
24 Jan 24
SC 13G/A
Private Capital Management, LLC
12 Oct 23
4
Steven Mark Towe
12 Sep 23
4
MICHAEL J CASEY
11 Aug 23
4
Michael Brodsky
11 Aug 23
4
Charles Frumberg
11 Aug 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 19.61 mm | 19.61 mm | 19.61 mm | 19.61 mm | 19.61 mm | 19.61 mm |
Cash burn (monthly) | 810.33 k | (no burn) | 1.14 mm | 237.50 k | 524.00 k | (no burn) |
Cash used (since last report) | 4.82 mm | n/a | 6.76 mm | 1.41 mm | 3.11 mm | n/a |
Cash remaining | 14.79 mm | n/a | 12.85 mm | 18.20 mm | 16.49 mm | n/a |
Runway (months of cash) | 18.3 | n/a | 11.3 | 76.6 | 31.5 | n/a |
Institutional ownership, Q2 2023
82.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 42 |
Opened positions | 3 |
Closed positions | 10 |
Increased positions | 17 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 66.58 bn |
Total shares | 30.79 mm |
Total puts | 300.00 |
Total calls | 500.00 |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
ABRY Senior Equity Holdings V | 8.20 mm | $28.14 mm |
Private Capital Management | 5.05 mm | $15.16 bn |
Lynrock Lake | 3.60 mm | $10.81 bn |
AWM Investment | 2.83 mm | $8.48 bn |
ArrowMark Colorado | 1.60 mm | $4.81 bn |
AMP Ameriprise Financial | 1.60 mm | $4.80 bn |
Vanguard | 1.55 mm | $4.66 bn |
Brandywine Global Investment Management | 1.14 mm | $3.43 bn |
Royce & Associates | 994.52 k | $2.98 bn |
Jacob Asset Management Of New York | 659.04 k | $1.98 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Sep 23 | Steven Mark Towe | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 900,000 | 0.00 | 1,131,754 |
28 Jul 23 | Frumberg Charles | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 2.74 | 10,889 | 29.84 k | 150,665 |
28 Jul 23 | Brodsky Michael | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 2.74 | 9,322 | 25.54 k | 264,457 |
28 Jul 23 | Casey Michael J | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 2.74 | 9,322 | 25.54 k | 186,003 |
26 Jul 23 | Frumberg Charles | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 20,562 | 0.00 | 161,554 |
News
Northland Capital Markets Initiates Coverage On PowerFleet with Outperform Rating, Announces Price Target of $7
18 Mar 24
Craig-Hallum Initiates Coverage On PowerFleet with Buy Rating, Announces Price Target of $9
15 Mar 24
Beyond The Numbers: 4 Analysts Discuss PowerFleet Stock
13 Mar 24
Lake Street Maintains Buy on PowerFleet, Raises Price Target to $7
13 Mar 24
Canaccord Genuity Maintains Buy on PowerFleet, Raises Price Target to $10
13 Mar 24
Press releases
Thinking about buying stock in Curiositystream, Capricor Therapeutics, PowerFleet, Absci, or Nano-X Imaging?
25 Mar 24
Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results
12 Mar 24
Powerfleet and MiX Telematics Announce Shareholders Meetings to Vote on Proposed Business Combination
30 Jan 24
SHAREHOLDER NOTICE: Halper Sadeh LLC Investigates FNCB, PWFL, DOC, GRPH
27 Jan 24
POWERFLEET INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of PowerFleet, Inc. - PWFL
26 Jan 24