PowerFleet Inc - Company Profile
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PowerFleet Inc (PowerFleet) is a developer, marketer, and seller of wireless machine-to-machine (M2M) solutions. The company provides wireless M2M solutions for securing, controlling, tracking, and managing value enterprise assets. PowerFleet utilizes wireless communication technologies such as Wi-Fi, radio frequency identification (RFID), satellite, and cellular, sensor technology and proprietary software to manage corporate assets, such as airport ground support equipment, chassis, dry van trailers, forklifts, intermodal containers, flatbeds, rental vehicles, refrigerated trailers, and railcars. The company operates in the UK and Germany. PowerFleet is headquartered in Woodcliff Lake, New Jersey, the US.
Headquarters
United States of America
Address
123 Tice Blvd, Woodcliff Lake, New Jersey, 07677-7670
Website
www.powerfleet.com
Telephone
1 201 9969000
No of Employees
795
Industry
Technology and Communications
Ticker Symbol & Exchange
PWFL (NASD)
Revenue (2022)
$135.2M
7.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
47.3%
(2022 vs 2021)
Market Cap*
$455.4M
Net Profit Margin (2022)
XYZ
50.8%
(2022 vs 2021)
* As of and is in US$
PowerFleet Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Analytics Platforms | Maintenance Services |
| Cloud-Based Software | Customer Support and Consulting Services |
| In-Cab ELD-Compliant Solution | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In October, the company entered into an agreement to merge with MiX Telematics Limited. |
| 2023 | Acquisitions/Mergers/Takeovers | In March, the company acquired Movingdots, a provider of insurance telematics and sustainable mobility solutions. |
| 2023 | Contracts/Agreements | In February, the company expanded its partnership with Energisa for improving vehicle fleet operations with Unity. |
Competitor Comparison
| Key Parameters | PowerFleet Inc | Crown Equipment Corporation | LoJack Corp | Omnitracs, LLC | ORBCOMM Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Woodcliff Lake | New Bremen | Irvine | Dallas | Rochelle Park |
| State/Province | New Jersey | Ohio | California | Texas | New Jersey |
| No. of Employees | 795 | - | 1,000 | - | 800 |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Brodsky | Chairman | Executive Board | 2016 | 55 |
| Steve Towe | Chief Executive Officer; Director | Executive Board | 2022 | 51 |
| David Wilson | Chief Financial Officer | Senior Management | 2023 | - |
| Offer Lehmann | Chief Operating Officer | Senior Management | 2022 | - |
| Luis Rodriguez | Chief Information Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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