PowerFleet reports Q3 adjusted EPS 2c, consensus 4c

Reports Q3 revenue $113.5M, consensus $111.69M. “This was the Q1 in which year-over-year results reflect the total combined businesses, and Powerfleet (AIOT) delivered another quarter of solid execution across the organization,” said Steve Towe, CEO of Powerfleet. “Total revenue reached a company high of $113.5M, driven by strong recurring revenue growth reflecting an 11% year-over-year increase in high value services which now represents 80% of total revenue.”