PowerFleet reported fourth-quarter fiscal 2026 revenue of $114.5 million, an 11% increase from the prior year, driven by a 14% rise in services revenue to $92.9 million. The company swung to an operating income of $11 million from a $7 million loss a year earlier, and adjusted EBITDA climbed 42%. PowerFleet also signed a five-year agreement with the South African National Treasury expected to deliver between $100 million and $120 million in total contract value. Management highlighted accelerating growth, improving profitability, and positive free cash flow in the second half of the fiscal year.
PowerFleet, Inc.Revenue growth, swing to operating income, and 42% adjusted EBITDA increase reported.