PowerFleet, Inc. provides wireless Internet-of-Things asset management solutions in the United States, Israel, and internationally. The company offers real-time intelligence for organizations to capture IoT data from various types of assets with devices and sensors to increase efficiencies, and improve safety and security, as well as increase their profitability in easy-to-understand reports, dashboards, and real-time alerts; and application programming interfaces for additional integrations and development to boost other enterprise management systems and third-party applications. It also provides hosting, maintenance, and support and consulting services; and Software as a Service, including system monitoring, help desk technical support, escalation procedure development, routine diagnostic data analysis, and software updates services. The company offers its products under the PowerFleet, Pointer, and Cellocator brands. It sells its products to commercial and government sectors in manufacturing, automotive manufacturing, wholesale and retail, food and grocery distribution, pharmaceutical and medical distribution, construction, mining, utilities, heavy industry, aerospace and defense, homeland security, and vehicle rental, logistics, shipping, and freight transportation markets, as well as through indirect sales channels, such as original equipment manufacturers, vehicle importers, distributors, and industrial equipment dealers. The company was formerly known as I.D. Systems, Inc. PowerFleet, Inc. was incorporated in 1993 and is headquartered in Woodcliff Lake, New Jersey.
Revenue of PowerFleet, Inc. (PWFL)
Revenue in 2023 (TTM): $133.74 M
According to PowerFleet, Inc.'s latest financial reports the company's current revenue (TTM) is $133.74 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of PowerFleet, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $133.74 M | $67.08 M | $-75,000 | $-5,051,000 | $-5,675,000 |
| 2022 | $135.16 M | $64.17 M | $563 K | $-6,705,000 | $-7,001,000 |
| 2021 | $126.21 M | $60.18 M | $631 K | $-10,686,000 | $-13,293,000 |
| 2020 | $113.59 M | $59.02 M | $4.92 M | $-7,972,000 | $-9,010,000 |
| 2019 | $81.92 M | $38.36 M | $98 K | $-11,056,000 | $-10,981,000 |
| 2018 | $53.06 M | $25.8 M | $-4,078,000 | $-5,812,000 | $-5,812,000 |
| 2017 | $40.96 M | $20.93 M | $-2,707,000 | $-4,181,000 | $-3,870,000 |
| 2016 | $36.82 M | $18.29 M | $-5,392,000 | $-6,370,000 | $-6,370,000 |
| 2015 | $41.78 M | $17.02 M | $-9,565,000 | $-9,952,000 | $-9,952,000 |
| 2014 | $45.63 M | $20.01 M | $-9,962,000 | $-11,575,000 | $-11,575,000 |
| 2013 | $39.95 M | $17.91 M | $-6,077,000 | $-7,562,000 | $-7,499,000 |
| 2012 | $44.64 M | $22.93 M | $-1,634,000 | $-3,254,000 | $-2,592,000 |
| 2011 | $39.29 M | $20.57 M | $-2,350,000 | $-4,430,000 | $-4,040,000 |
| 2010 | $25.86 M | $14.42 M | $-11,003,000 | $-13,230,000 | $-12,611,000 |
| 2009 | $10.32 M | $4.76 M | $-14,242,000 | $-13,995,000 | $-13,192,000 |
| 2008 | $27.05 M | $13.58 M | $-5,185,000 | $-6,401,000 | $-4,175,000 |
| 2007 | $17.08 M | $8.15 M | $-10,203,000 | $-10,569,000 | $-7,341,000 |
| 2006 | $24.74 M | $11.04 M | $-4,230,000 | $-4,388,000 | $-1,616,000 |
| 2005 | $19 M | $9.3 M | $742 K | $682 K | $851 K |
| 2004 | $13.74 M | $7.23 M | $321 K | $266 K | $398 K |
| 2003 | $7.96 M | $3.88 M | $-1,344,000 | $-1,409,000 | $-1,199,000 |
| 2002 | $5.54 M | $3.11 M | $-1,458,000 | $ | $-1,384,000 |
| 2001 | $923 K | $375 K | $-4,052,000 | $-3,908,000 | $-3,908,000 |
| 2000 | $945 K | $339 K | $-5,447,000 | $-4,854,000 | $-4,931,000 |
| 1999 | $5.56 M | $2.49 M | $136 K | $356 K | $207 K |