Powerfleet Reports Record Q2 Revenue and Expanding EBITDA Margins
Powerfleet (AIOT) reported record quarterly revenue of $115.7 million for the second quarter of fiscal 2027. The company demonstrated significant operational efficiency, with adjusted EBITDA reaching $24.9 million and margins expanding to 21.5%, up from 19.4% in the previous quarter. Looking ahead, management has set ambitious targets, aiming for an annualized revenue run rate of $495 million by Q4. This growth strategy is supported by the launch of Unity, which is expected to expand the company's sales pipeline and drive long-term profitability toward a target adjusted EBITDA margin of 27%.
Tickers: $AIOT
Topics: earnings report EBITDA margin improvement revenue growth
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