PowerFleet (AIOT) Delivers Strong Q4 Financial Results

PowerFleet, Inc. (NASDAQ:AIOT) is one of the 10 Best Technology Penny Stocks with Huge Upside Potential. On June 15, PowerFleet, Inc. (NASDAQ:AIOT) reported its financial results for the fourth quarter of fiscal 2026, which ended on March 31, 2026.

The company generated revenue of $114.5 million for the quarter, representing an 11% increase compared to the same period last year. Growth was supported by services revenue of $92.9 million, which rose 14% year-over-year.

The company also improved its profitability. Income from operations reached $11 million in the fourth quarter, compared with an operating loss of $7 million in the same quarter last year. In addition, adjusted EBITDA increased by 42% during the fourth quarter of fiscal 2026.

PowerFleet, Inc. (NASDAQ:AIOT) announced that it signed a major five-year agreement with the South African National Treasury. The contract is expected to deliver between $100 million and $120 million in total contract value.

The company's management said that the company achieved its goals of accelerating growth, improving profitability, and building a steady, expanding cash flow profile. During the fourth quarter, PowerFleet, Inc. (NASDAQ:AIOT

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/powerfleet-aiot-delivers-strong-q4-211424998.html)