PowerFleet, Inc. (AIOT) revealed Loss for first quarter of -$10.234 million
The company's earnings came in at -$10.234 million, or -$0.08 per share. This compares with -$22.337 million, or -$0.21 per share, last year.
The company's revenue for the period rose 38.0% to $104.121 million from $75.430 million last year.
PowerFleet, Inc. earnings at a glance (GAAP) :
-Earnings: -$10.234 Mln. vs. -$22.337 Mln. last year.-EPS: -$0.08 vs. -$0.21 last year.-Revenue: $104.121 Mln vs. $75.430 Mln last year.
Excluding items, the company reported earnings of $0.961 million, or $0.01 per share, compared with $0.327 million, or $0 per share, in the same period last year.
Looking ahead, for the full year, PowerFleet has revised its revenue outlook to a range of $430 million to $440 million, compared with the prior guidance of around $420 million to $440 million.
The company reaffirmed its annual adjusted EBITDA growth guidance of 45% to 55%.
AIOT was up by 12.66% at $4.360 in the pre-market trade on the Nasdaq.
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