The IoT solutions provider reported $114.5 million in revenue, exceeding expectations by $1.51 million.
PowerFleet posted Q4 non-GAAP earnings per share of $0.04, beating estimates by $0.02. Revenue reached $114.5 million, up 11% year-over-year and $1.51 million above consensus.
The company’s revenue growth was driven by a 14% increase in its core segment, outpacing the $103.6 million reported in the same period last year. Analysts had anticipated slightly lower figures for both earnings and revenue.
Shares showed limited movement in after-hours trading as investors digested the results.