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Powerfleet Delays Filing of Annual Report

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Powerfleet Delays Filing of Annual Report

Powerfleet ( (AIOT) ) has released a notification of late filing.

Confident Investing Starts Here:

Powerfleet, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending March 31, 2025. The delay is primarily due to the additional time needed for reviewing certain financial statement disclosures and assessing internal controls. The company anticipates filing the report within a 15-day extension period. Powerfleet expects significant changes in its financial results, with projected revenue of approximately $362.5 million and a net loss of about $51.0 million for the fiscal year. The company is committed to ongoing compliance efforts, as indicated by the signature of its Chief Financial Officer, David Wilson.

The most recent analyst rating on (AIOT) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Powerfleet stock, see the AIOT Stock Forecast page.

Spark’s Take on AIOT Stock

According to Spark, TipRanks’ AI Analyst, AIOT is a Neutral.

Powerfleet’s overall stock score reflects significant financial challenges, including persistent losses and increased leverage. However, recent earnings call highlights, such as strong revenue and EBITDA growth, provide a positive outlook. Technical indicators suggest mixed momentum, while valuation metrics indicate overvaluation concerns. Leadership changes and innovation strategies offer potential for future growth.

To see Spark’s full report on AIOT stock, click here.

More about Powerfleet

Average Trading Volume: 1,834,173

Technical Sentiment Signal: Hold

Current Market Cap: $659.9M

See more data about AIOT stock on TipRanks’ Stock Analysis page.

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