Powerfleet revenue rose 6.4% to $110.8 million in fiscal Q1, driven by services revenue up 9.1% to $94.3 million.
Net loss attributable to common stockholders narrowed 17.5% to $8.4 million, or $(0.06) per share.
Operating income turned positive to $0.3 million; operating cash flow climbed 79% to $8.4 million.
Full-year outlook revised higher
FY2027 revenue outlook revised to $468 million-$473 million; adjusted EBITDA guided at $111 million-$114 million with free cash flow of $20 million-$23 million.
South African National Treasury contract seen generating more than $27 million in ARR for near-term activation, with immediate-deployment vehicles rising to over 70,000.
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