PowerFleet lowered its fiscal 2027 revenue and adjusted EBITDA guidance as it reallocates resources to a faster-than-expected South African government contract. The company now expects revenue of $468 million to $473 million and adjusted EBITDA of $111 million to $114 million, down from prior ranges of $485 million to $490 million and $122 million to $125 million, respectively. The revision reflects a deliberate decision to forgo approximately $17 million in nonstrategic revenue, primarily in South Africa, to support deployment of over 70,000 vehicles under the National Treasury contract, up from an original expectation of 10,000. First quarter revenue rose 6.4% year-over-year to $110.8 million, but was reduced by about $1.6 million from the South Africa reprioritization and $3.2 million from a production constraint tied to a component compatibility issue. The company also announced Paul Lalljie as President and CFO and Vishal Vallabha as Chief AI Officer, and reiterated expectations for annualized fourth-quarter revenue of approximately $495 million with adjusted EBITDA margins of about 27%.
PowerFleet, Inc.Guidance cut for FY27 revenue and EBITDA due to South Africa reprioritization.
CTO Realty Growth Inc
