OverviewSuggest Edit

PowerFleet (also known as I.D. Systems) is a global provider of fleet management solutions for securing, tracking and managing enterprise assets. The Company's solutions consist of hardware, software, maintenance, support, and consulting services. The solutions can be divided into three categories: industrial vehicle management, transportation asset management, and rental fleet management. I.D. Systems help to optimize the utilization of the materials handling equipment, improve maintenance and service procedures in the workshop – for a marked increase in productivity all round.

TypePublic
Founded1993
HQWoodcliff Lake, NJ, US
Websitepowerfleet.com
Employee Ratings2.3

Latest Updates

Employees (est.) (Dec 2018)138(+18%)
Revenue (FY, 2018)$53.1 M(+30%)
Share Price (Oct 2021)$6.6
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Key People/Management at PowerFleet

Michael Brodsky

Michael Brodsky

Chairman of the Board
Chris Wolfe

Chris Wolfe

Chief Executive Officer
Ned Mavrommatis

Ned Mavrommatis

Chief Financial Officer
Moses Zelniker

Moses Zelniker

Chief Technology Officer
David Mahlab

David Mahlab

Director
Luis Rodriguez

Luis Rodriguez

Chief Information Officer
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PowerFleet Office Locations

PowerFleet has offices in Woodcliff Lake, Plano, Tampa, Düsseldorf and in 4 other locations
Woodcliff Lake, NJ, US (HQ)
123 Tice Blvd
Plano, TX, US
5700 Granite Pkwy #550
Tampa, FL, US
6204 Benjamin Rd #211
Düsseldorf, DE
Am Seestern 4
Rosh Haayin, IL
HaMelacha St 14
Ciudad de México, MX
Tecoyotitla #412-Local 102, Hacienda de Guadalupe Chimalistac, Chimalistac, Álvaro Obregón
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PowerFleet Financials and Metrics

PowerFleet Revenue

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PowerFleet's revenue was reported to be $53.06 m in FY, 2018
USD

Revenue (Q2, 2019)

16.3m

Gross profit (Q2, 2019)

7.1m

Gross profit margin (Q2, 2019), %

43.4%

Net income (Q2, 2019)

(2.6m)

EBIT (Q2, 2019)

(2.6m)

Market capitalization (15-Oct-2021)

236.1m

Closing stock price (15-Oct-2021)

6.6

Cash (30-Jun-2019)

8.1m

EV

229.3m
PowerFleet's current market capitalization is $236.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

39.3m44.6m39.9m45.6m41.8m36.8m41.0m53.1m

Revenue growth, %

14%(8%)

Cost of goods sold

18.7m21.7m6.1m6.2m6.7m18.5m20.0m27.3m

Gross profit

20.6m22.9m33.8m39.5m35.0m18.3m20.9m25.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

8.3m11.3m9.8m8.7m15.5m8.0m9.4m11.2m9.7m11.4m11.7m11.1m9.9m10.5m8.9m8.2m8.0m10.7m11.1m13.4m14.8m13.4m13.6m16.3m

Cost of goods sold

3.9m5.4m4.9m4.1m6.9m4.2m4.5m5.4m4.8m6.3m6.3m7.2m5.8m1.3m5.3m4.2m4.2m3.8m5.2m5.5m6.9m8.4m6.6m6.6m9.2m

Gross profit

4.5m5.9m4.9m4.6m8.6m3.8m4.9m5.8m5.0m5.1m5.5m3.9m4.1m5.2m4.7m4.0m4.2m5.5m5.6m6.5m6.4m6.8m7.0m7.1m

Gross profit Margin, %

54%52%50%52%56%48%52%52%51%45%47%36%42%50%53%49%52%52%51%48%43%51%52%43%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

8.4m1.6m6.6m6.0m4.5m5.0m5.1m10.2m

Accounts Receivable

7.9m8.8m9.6m14.8m10.9m8.7m9.2m

Prepaid Expenses

2.2m1.0m909.0k1.8m2.3m3.6m3.2m

Inventories

8.1m7.5m5.2m6.3m7.2m3.9m4.6m4.6m
USDQ2, 2011

Financial Leverage

1.4 x
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PowerFleet Acquisitions / Subsidiaries

Company NameDateDeal Size
Pointer TelocationMarch 13, 2019$140 m

PowerFleet Online and Social Media Presence

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PowerFleet News and Updates

Hyundai Translead Taps PowerFleet Telematics to Launch HT LinkSense Platform

Partnership will Leverage PowerFleet LV-300 Solution to Provide Real-Time Visibility and Cost-Effective Operations Partnership will Leverage PowerFleet LV-300 Solution to Provide Real-Time Visibility and Cost-Effective Operations 

PowerFleet Sets Summer 2021 Financial Conference Schedule

WOODCLIFF LAKE, N.J., Aug. 10, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, is scheduled to participate at the following vi…

Day & Ross Again Selects PowerFleet Telematics for Total U.S. Trailer Visibility

The PowerFleet LV-500 will Provide Enhanced Visibility and Cost-effective Operations The PowerFleet LV-500 will Provide Enhanced Visibility and Cost-effective Operations 

PowerFleet Receives 2021 IoT Evolution Asset Tracking Award

PowerFleet LV-500 and LV-710 Honored for Excellent Innovation in Burgeoning Internet of Things Market Segment PowerFleet LV-500 and LV-710 Honored for Excellent Innovation in Burgeoning Internet of Things Market Segment

PowerFleet CEO Chris Wolfe Named EY Entrepreneur Of The Year® 2021 New Jersey Award Finalist

Wolfe Recognized as Part of the 35th Class of Unstoppable Entrepreneurs Who Transform New Jersey and Beyond Wolfe Recognized as Part of the 35th Class of Unstoppable Entrepreneurs Who Transform New Jersey and Beyond

PowerFleet to Present at the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021

WOODCLIFF LAKE, N.J., May 12, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking and managing high-value enterprise assets, will be virtually presenting and holding one-on-o…
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PowerFleet Blogs

What’s Causing Trucking Capacity Issues?

Discover the underlying factors causing the trucking industry’s capacity issues and how the industry can adapt. The post What’s Causing Trucking Capacity Issues? appeared first on PowerFleet®.

How to Avoid OSHA Violations or Worse with Telematics

Learn about OSHA’s requirements for forklifts and how telematics can help mitigate these risks—and unlock other benefits. The post How to Avoid OSHA Violations or Worse with Telematics appeared first on PowerFleet®.

What Geofencing Can Do For Your Fleet Management

Learn all about geofencing and how it can improve your fleet’s safety and efficiency. The post What Geofencing Can Do For Your Fleet Management appeared first on PowerFleet®.

Level Up Your Customer Service with Telematics

Learn why customer service matters and the different ways that telematics can help improve it. The post Level Up Your Customer Service with Telematics appeared first on PowerFleet®.

Power Up Your Dispatch Teams with These Technologies

Learn how to empower your dispatch teams with telematics to make their lives easier and options more efficient. The post Power Up Your Dispatch Teams with These Technologies appeared first on PowerFleet®.

Next Generation Smart Trailer Expectations

Discover key findings in the TMC’s recent smart trailer research report and webinar to help guide your technology adoption plans. The post Next Generation Smart Trailer Expectations appeared first on PowerFleet®.
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PowerFleet Frequently Asked Questions

  • When was PowerFleet founded?

    PowerFleet was founded in 1993.

  • Who are PowerFleet key executives?

    PowerFleet's key executives are Michael Brodsky, Chris Wolfe and Ned Mavrommatis.

  • How many employees does PowerFleet have?

    PowerFleet has 138 employees.

  • What is PowerFleet revenue?

    Latest PowerFleet annual revenue is $53.1 m.

  • What is PowerFleet revenue per employee?

    Latest PowerFleet revenue per employee is $384.5 k.

  • Who are PowerFleet competitors?

    Competitors of PowerFleet include Omnitracs, DerbySoft and Plusgrade.

  • Where is PowerFleet headquarters?

    PowerFleet headquarters is located at 123 Tice Blvd, Woodcliff Lake.

  • Where are PowerFleet offices?

    PowerFleet has offices in Woodcliff Lake, Plano, Tampa, Düsseldorf and in 4 other locations.

  • How many offices does PowerFleet have?

    PowerFleet has 10 offices.