Powerfleet Q1 revenue rises 6.4% to $110.8 million; fiscal 2027 guidance revised
Powerfleet reported first-quarter fiscal 2027 revenue of $110.8 million, up 6.4%, and a narrower net loss attributable to common stockholders of $8.4 million, versus $10.2 million a year earlier. The company revised its full-year fiscal 2027 guidance to reflect a reprioritization in South Africa, where it is forgoing some non-strategic revenue, and it named a new President and CFO.
Key points
- Q1 revenue was $110.8 million, up from $104.1 million; services revenue rose 9.1% to $94.3 million.
- Net loss attributable to common stockholders was $8.4 million, or $(0.06) per share, versus $(0.08) a year earlier.
- Revised fiscal 2027 guidance: revenue of $468 million to $473 million and adjusted EBITDA of $111 million to $114 million.
- Paul Lalljie joins as President and CFO and Vishal Vallabha as Chief AI Officer, both starting this week.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
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