PowerFleet (AIOT) Q4 2026 Earnings Transcript

PowerFleet reported 2026 revenue of $443.8 million, up 22% year over year, led by services which reached $360 million for the year. Q4 revenue was $114.5 million, up 11%, and adjusted EBITDA reached $97 million for the year, with $26.4 million in Q4 and a 23% margin. GAAP operating income was $19.6 million, and GAAP net loss narrowed to $20.6 million; free cash flow was -$9.5 million for the year, though the second half turned positive at $4.1 million and net leverage improved to 2.47x. The company cited $34 million in annualized synergies and a $100-120 million five-year South Africa contract. For fiscal 2027, guidance calls for revenue of $485-490 million, services above $400 million, adjusted EBITDA of $122-125 million, about 25% margin, and positive free cash flow of $30-35 million.