PowerFleet

PowerFleet reported Q1 revenue of $110.8 million, up 6.4% year over year, and adjusted EBITDA of $21.5 million as services revenue and margins expanded despite a product-revenue delay from a component issue. Management said a South African National Treasury contract has scaled faster than expected, with more than 70,000 vehicle installations to deploy and potential to reach 80,000–90,000, prompting resource reprioritization. As a result, fiscal 2027 guidance was reduced to $468–473 million in revenue and $111–114 million in adjusted EBITDA, with a projected net loss of $6–8 million and lower free cash flow. Leadership changes include Paul Lalljie as president and CFO and Vishal Vallabha as chief AI officer to support the company's AI-first strategy. » Więcej na finance.yahoo.com

PowerFleet reported Q1 revenue of $104.12 million, missing the consensus estimate of $115.73 million, while adjusted EPS of -$0.01 was slightly better than expected. Management cut the 2027 full-year guidance (revenue now $468–473 million; adjusted EBITDA $111–114 million), citing a redeployment of resources for a large government rollout in South Africa and supply issues with a Wi‑Fi component. Adjusted EBITDA and margins improved, but investors focused on the revenue shortfall and guidance cut, sending the stock down roughly 25% in premarket trading. » Więcej na de.investing.com

Powerfleet reappointed Michael Casey to the board of directors effective July 15 and named him chair of the audit committee. At the same time, Michael McConnell resigned his board seat and the chairmanship of the audit committee. Casey brings many years of finance and audit committee experience from previous board roles and his role at TechCXO. » Więcej na de.investing.com

PowerFleet launched SafeGuard, an AI-driven risk intelligence add-on to VisionAI in Australia, offering real-time driver risk monitoring, intelligent video review and live intervention. Pilot operators report up to 83% reduction in on-road risk, 95% fewer false positive alerts and an 80% cut in video review time. The board authorized a up-to-$30M share repurchase program over 24 months, while Raymond James cut its price target to $7 but maintained an Outperform rating after Q4 beat and an improved FY27 outlook. » Więcej na finance.yahoo.com

PowerFleet's board authorized a $30 million share repurchase program to be executed over the next two years. The repurchase is discretionary and may be adjusted, deferred or cancelled depending on strategic priorities, financial position and legal considerations. The move is part of the company's capital allocation strategy to provide flexibility in returning capital to shareholders. » Więcej na finance.yahoo.com