← Powerfleet, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income | — | — | — | — | ($13.3m) |
($6.8m)
+49.17%
|
($5.7m)
+15.98%
|
($51.0m)
-798.45%
|
($20.6m)
+59.69%
|
($20.6m)
0.00%
|
|
| Net loss | — | — | ($11.0m) | ($9.0m) | ($13.3m) | ($7.0m) | ($5.7m) | ($51.0m) | ($20.6m) | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($5.8m) |
($12.0m)
-107.28%
|
($13.6m)
-12.94%
|
($18.1m)
-32.82%
|
($11.9m)
+34.12%
|
($17.3m)
-45.38%
|
($51.0m)
-194.75%
|
($20.6m)
+59.71%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | ($9.0m) | ($13.3m) | ($7.0m) | ($5.6m) | ($51.0m) | ($19.9m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $18k | ($3k) | ($5k) | $2k | $35k | $18k | $608k | — | |
| Depreciation and amortization | $1.1m | $1.6m | $3.3m | $8.4m | $8.6m | $8.3m | $9.4m | $47.5m | $60.3m | $60.3m | |
| Amortization Cash Flow | — | — | — | — | — | $5.1m | $5.6m | $27.6m | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | $5.1m | $5.6m | $27.6m | — | $37.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $8.3m | $9.4m | $47.5m | $60.3m | $60.3m | |
| Depreciation, Depletion and Amortization | $1.1m | $1.6m | $3.3m | $8.4m | $8.6m | $8.3m | $9.4m | $47.5m | $60.3m | $60.3m | |
| Amortization of Intangible Assets | — | $712k | $2.0m | $5.3m | $5.2m | $5.1m | $5.6m | $27.6m | $37.0m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | $5.7m | $4.6m | — | |
| Deferred income taxes | — | — | — | $359k | $2.6m | $134k | ($6k) | ($4.9m) | ($1.7m) | ($1.7m) | |
| Deferred Tax | — | — | — | — | — | $708k | ($6k) | ($4.9m) | ($1.7m) | ($1.7m) | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | $143k | $2k | ($1.8m) | ($1.7m) | ($1.7m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $2.2m | $3.8m | $4.3m | $4.7m | $4.3m | $3.9m | $9.4m | $7.5m | $7.5m | |
| Share-based Payment Arrangement, Expense | — | $2.2m | $3.8m | $4.1m | $4.4m | $4.3m | $3.9m | $9.4m | $7.5m | $7.5m | |
| Stock-based compensation expense | $2.4m | $2.2m | $3.8m | $4.3m | $4.7m | $4.3m | $3.9m | $9.4m | $7.5m | $7.5m | |
| Asset Impairment Charge | — | — | — | — | — | $215k | $3.3m | $9.4m | $11.0m | $11.0m | |
| Other Nonoperating Income (Expense) | — | — | — | ($102k) | $8k | $24k | ($29k) | ($1.2m) | ($4.1m) | — | |
| Nonoperating Income (Expense) | — | ($165k) | ($50k) | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | ($9.0m) | ($460k) | ($25.0m) | ($29.9m) | ($29.9m) | |
| Accounts receivable | $1.6m | ($554k) | ($1.1m) | $2.2m | ($9.6m) | ($1.6m) | ($1.5m) | ($14.0m) | ($21.2m) | ($21.2m) | |
| Change In Receivables | — | — | — | — | — | ($1.4m) | ($1.5m) | ($14.0m) | ($21.2m) | ($21.2m) | |
| Changes In Account Receivables | — | — | — | — | — | ($1.4m) | ($1.5m) | ($14.0m) | ($21.2m) | ($21.2m) | |
| Increase (Decrease) in Accounts Receivable | — | $554k | $1.1m | ($2.2m) | $9.6m | $1.6m | $1.5m | $14.0m | $21.2m | ($21.2m) | |
| Inventory reserve | $313k | $321k | $207k | $260k | ($22k) | $149k | $1.5m | $4.5m | $2.3m | — | |
| Inventories | $87k | ($384k) | ($3.3m) | $3.0m | ($6.1m) | ($4.5m) | ($1.7m) | $5.7m | ($4.5m) | ($4.5m) | |
| Change In Inventory | — | — | — | — | — | ($4.5m) | ($1.7m) | $5.7m | ($4.5m) | ($4.5m) | |
| Increase (Decrease) in Inventories | — | $384k | $3.3m | ($3.0m) | $6.1m | $4.5m | $1.7m | ($5.7m) | $4.5m | ($4.5m) | |
| Inventory Write-down | — | — | — | — | — | — | — | $4.5m | — | — | |
| Accounts payable, accrued expenses and other current liabilities | ($1.1m) | $587k | $360k | ($2.4m) | $8.3m | ($484k) | $4.4m | ($12.2m) | $5.2m | $5.2m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($575k) | $4.4m | ($10.9m) | $4.2m | $5.2m | |
| Deferred revenue | $186k | ($361k) | ($857k) | ($4.3m) | ($2.3m) | ($158k) | ($295k) | $1.7m | $1.6m | — | |
| Accrued severance payable | — | — | — | — | — | — | ($21k) | $1.2m | ($1.0m) | — | |
| Change In Accrued Expense | — | — | — | — | — | ($42k) | ($21k) | $1.2m | ($1.0m) | ($1.0m) | |
| Prepaid expenses and other current assets | $1.2m | $963k | $567k | $1.9m | ($2.9m) | ($374k) | $791k | $5.5m | $2.2m | — | |
| Change In Other Current Liabilities | — | — | — | — | — | ($2.7m) | ($2.9m) | ($4.6m) | ($3.7m) | ($3.7m) | |
| Net cash provided by (used in) operating activities | $3.9m |
($1.7m)
-143.43%
|
($7.3m)
-327.09%
|
$8.8m
+221.72%
|
($5.0m)
-156.72%
|
$757k
+115.08%
|
$4.4m
+480.85%
|
($3.3m)
-176.07%
|
$30.5m
+1010.64%
|
$30.5m
0.00%
|
|
| Cash flows from investing activities: | |||||||||||
| Value of licensed intellectual property acquired in connection with Movingdots acquisition | $386k | $251k | $1.0m | $3.4m | $3.4m | $3.5m | $1.5m | $0 | $0 | — | |
| Capital expenditures | ($386k) | ($251k) | ($1.0m) | ($3.4m) | ($3.4m) | ($3.5m) | ($3.5m) | ($20.0m) | ($21.6m) | ($40.1m) | |
| Capital Expenditure Reported | — | — | $1.0m | $3.4m | $3.4m | ($6.2m) | ($7.1m) | ($33.8m) | ($40.1m) | ($40.1m) | |
| Payments to Acquire Property, Plant, and Equipment | ($386k) | ($251k) | ($1.0m) | ($3.4m) | ($3.4m) | ($3.5m) | $1.5m | $20.0m | $21.6m | ($40.1m) | |
| Unrealized Gain (Loss) on Investments | — | $66k | $47k | — | — | — | — | — | — | — | |
| Purchase of investments | ($11.1m) | ($3.2m) | ($99k) | — | $0 | ($100k) | ($100k) | $0 | $0 | $0 | |
| Payments to Acquire Investments | — | $3.2m | $99k | — | — | — | — | $0 | $0 | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $69.0m | — | — | — | — | $137.1m | ($55k) | ($137.3m) | |
| Net Other Investing Changes | — | — | — | — | — | — | — | $294k | $207k | $207k | |
| Net cash provided by (used in) investing activities | ($17.7m) | $6.6m | ($65.5m) | ($3.3m) | ($3.4m) | ($5.8m) | $1.5m | ($170.6m) | ($39.7m) | ($39.7m) | |
| Cash flows from financing activities: | |||||||||||
| Bad debts expense | $115k | $31k | $319k | $1.0m | $1.4m | $66k | $1.8m | $9.4m | $11.0m | — | |
| Short-term bank debt, net | — | — | $75k | ($262k) | ($270k) | $5.7m | $4.3m | $19.6m | $5.7m | — | |
| Proceeds from long-term debt | — | — | $30.0m | — | — | — | $0 | $125.0m | $0 | — | |
| Issuance of derivative on long-term debt | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | $125.0m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $125.0m | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($71k) | ($216k) | $141.9m | $112k | $112k | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($5.8m) | ($4.5m) | $122.4m | ($5.6m) | ($5.6m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $5.7m | $4.3m | $19.6m | $5.7m | $5.7m | |
| Proceeds from Issuance of Long-term Debt | — | — | $30.0m | — | — | — | — | $125.0m | $0 | $0 | |
| Repayment of long-term debt | — | — | ($2.0m) | ($2.9m) | ($5.7m) | ($5.7m) | ($4.4m) | ($2.6m) | ($5.6m) | — | |
| Payment of long-term debt costs | — | — | ($742k) | — | — | — | $0 | ($1.4m) | — | — | |
| Long Term Debt Payments | — | — | — | — | — | ($5.8m) | ($4.5m) | ($2.6m) | ($5.6m) | ($5.6m) | |
| Repayment Of Debt | — | — | — | — | — | ($5.8m) | ($4.5m) | ($2.6m) | ($5.6m) | ($5.6m) | |
| Repayments of Long-term Debt | — | — | $2.0m | — | $5.7m | $5.7m | $4.4m | $2.6m | $5.6m | ($5.6m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $66.5m | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($211k) | ($141k) | ($2.8m) | $0 | $0 | |
| Common stock issued for transaction bonus | — | — | — | — | — | — | $0 | $9k | $0 | — | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $66.5m | $0 | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | ($211k) | ($141k) | $63.6m | $0 | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | $4.0m | $26.9m | — | — | — | — | $0 | |
| Common Stock Payments | — | — | — | — | — | ($211k) | ($141k) | ($2.8m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | $652k | $317k | — | — | — | — | $2.8m | $0 | — | |
| Payment of preferred stock dividend and redemption of preferred stock | — | — | — | — | ($4.1m) | — | ($3.4m) | ($90.3m) | $0 | — | |
| Preferred stock dividends paid in shares | — | — | — | — | — | $4.2m | $1.1m | $0 | $0 | — | |
| Cash Dividends Paid | — | — | — | — | — | $0 | ($3.4m) | ($90.3m) | $0 | $0 | |
| Preferred Stock Dividend Paid | — | — | — | — | — | $0 | ($3.4m) | ($90.3m) | $0 | $0 | |
| Dividends Payable | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Net cash (used in) provided by financing activities | $14.3m |
$69k
-99.52%
|
$78.6m
+113878.26%
|
($3.9m)
-105.02%
|
$16.2m
+510.82%
|
($282k)
-101.74%
|
($3.7m)
-1214.18%
|
$115.7m
+3222.56%
|
$151k
-99.87%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $69k |
$78.6m
+113878.26%
|
($3.9m)
-105.02%
|
$16.2m
+510.82%
|
($282k)
-101.74%
|
($3.7m)
-1214.18%
|
$115.7m
+3222.56%
|
$151k
-99.87%
|
$151k
0.00%
|
|
| Net increase (decrease) in cash and cash equivalents, and restricted cash | $126k | $5.1m | $6.2m | $1.7m | $8.3m | ($8.8m) | $1.3m | ($60.9m) | ($8.0m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $5.1m | $6.2m | $1.7m | $8.3m | ($8.8m) | $1.3m | ($60.9m) | ($8.0m) | $40.8m | |
| Beginning Cash Position | — | — | — | — | — | $26.8m | $18.0m | $109.7m | $48.8m | $48.8m | |
| Cash and cash equivalents, and restricted cash at beginning of the period | — | — | — | — | — | — | $19.3m | $48.8m | $40.8m | — | |
| Restricted cash | $306k | $307k | $308k | $308k | $308k | $309k | $310k | $4.4m | $4.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $26.8m | — | — | $48.8m | $40.8m | $40.8m | |
| Effect of foreign exchange rate changes on cash and cash equivalents | ($413k) | $100k | $345k | $128k | $531k | ($3.4m) | ($877k) | ($2.7m) | $1.2m | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($3.4m) | ($877k) | ($2.7m) | $1.2m | $1.2m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | ($5.8m) | ($11.0m) | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | — | $75k | $1.0m | $2.6m | $296k | $589k | $4.5m | $8.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $20.3m | $27.5m | — | |
| Additional Financial Items | |||||||||||
| Non-controlling interest | — | — | ($18k) | ($3k) | ($5k) | $2k | $35k | $18k | $608k | — | |
| Gain on bargain purchase | — | — | — | — | — | — | ($9.0m) | $0 | $0 | — | |
| Right-of-use assets, non-cash lease expense | — | — | $965k | $2.8m | $2.9m | $2.8m | $2.8m | $5.0m | $4.1m | — | |
| Derivative mark-to-market adjustment | — | — | — | — | — | — | $0 | ($504k) | ($775k) | — | |
| Shares issued for transaction bonuses | — | — | — | — | — | — | $0 | $889k | $0 | — | |
| Lease termination and modification losses | — | — | — | — | — | — | $0 | $295k | ($233k) | — | |
| Other non-cash items | ($69k) | $85k | ($40k) | $23k | $305k | $707k | $103k | $1.1m | ($2.2m) | — | |
| Deferred costs | $1.8m | ($471k) | $539k | $3.2m | $3.3m | $1.2m | $679k | ($8.4m) | ($8.5m) | — | |
| Lease liabilities | — | — | ($1.1m) | ($3.0m) | ($2.7m) | ($2.7m) | ($2.9m) | ($4.6m) | ($3.7m) | — | |
| Acquisition, net of cash assumed | ($7.4m) | — | ($69.0m) | — | — | — | $8.7m | ($137.1m) | $55k | — | |
| Proceeds from sale of fixed assets | — | — | — | — | — | — | $0 | $12k | $140k | — | |
| Capitalized software development costs | — | — | — | — | ($627k) | ($2.2m) | ($3.6m) | ($13.8m) | ($18.5m) | — | |
| Repayment of loan advanced to external parties | — | — | — | — | — | — | $0 | $294k | $207k | — | |
| Purchase of treasury stock upon vesting of restricted stock | — | ($652k) | ($317k) | ($423k) | ($794k) | ($211k) | ($141k) | ($2.8m) | $0 | — | |
| Repayment of financing lease | — | — | — | — | ($138k) | ($121k) | ($129k) | $0 | $0 | — | |
| Proceeds from private placement, net | — | — | — | — | — | — | $0 | $66.5m | $0 | — | |
| Proceeds from exercise of stock options, net | $1.3m | $721k | $330k | $556k | $229k | — | $36k | $1.9m | $39k | — | |
| Taxes | — | — | $605k | $47k | $58k | $63k | $175k | $4.3m | $7.2m | — | |
| Interest | $130k | — | $807k | $2.3m | $1.5m | $1.3m | $1.7m | $15.3m | $24.5m | $24.5m | |
| Shares issued in connection with Combination | — | — | — | — | — | — | $1.3m | $745.4m | $0 | — | |
| Value of warrant issued in connection with Movingdots acquisition | — | — | — | — | — | — | $1.3m | $0 | $0 | — | |
| Issuance of redeemable non-controlling interest | — | — | — | — | — | — | $0 | $0 | $8.8m | — | |
| Rebalancing of ownership percentage between parent and subsidiaries | — | — | — | — | — | — | $0 | $0 | ($3.4m) | — | |
| Operating Cash Flow | $3.9m |
($1.7m)
-143.43%
|
($7.3m)
-327.09%
|
$8.8m
+221.72%
|
($5.0m)
-156.72%
|
$1.2m
+124.89%
|
$4.4m
+252.04%
|
($3.3m)
-176.07%
|
$30.5m
+1010.64%
|
$30.5m
0.00%
|
|
| Cash Flow From Continuing Operating Activities | $3.9m | ($1.7m) | ($7.3m) | $8.8m | ($5.0m) | $1.2m | $4.4m | ($3.3m) | $30.5m | $30.5m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($282k) | ($3.7m) | $115.7m | $151k | $151k | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($6.3m) | $1.5m | ($170.6m) | ($39.7m) | ($39.7m) | |
| Change In Account Payable | — | — | — | — | — | ($533k) | $4.4m | ($12.2m) | $5.2m | $5.2m | |
| Change In Other Working Capital | — | — | — | — | — | $981k | $384k | ($6.7m) | ($6.9m) | ($6.9m) | |
| Change In Payable | — | — | — | — | — | ($533k) | $4.4m | ($12.2m) | $5.2m | $5.2m | |
| Change In Prepaid Assets | — | — | — | — | — | ($816k) | $791k | $5.5m | $2.2m | $2.2m | |
| Changes In Cash | — | — | — | — | — | ($5.4m) | $2.2m | ($58.2m) | ($9.1m) | ($9.1m) | |
| End Cash Position | — | — | — | — | — | $18.0m | $19.3m | $48.8m | $40.8m | $40.8m | |
| Financing Cash Flow | — | — | — | — | — | ($282k) |
($3.7m)
-1214.18%
|
$115.7m
+3222.56%
|
$151k
-99.87%
|
$151k
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | ($5.0m) | ($2.7m) | ($37.1m) | ($9.7m) | ($9.7m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | — | ($504k) | ($775k) | ($775k) | |
| Investing Cash Flow | — | — | — | — | — | ($6.3m) | $1.5m | ($170.6m) | ($39.7m) | ($39.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $8.7m | ($137.1m) | $55k | $55k | |
| Net PPE Purchase And Sale | — | — | — | — | — | $0 | $0 | $12k | $140k | $140k | |
| Operating Gains Losses | — | — | — | — | — | — | — | ($504k) | ($775k) | ($775k) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $36k | $1.9m | $39k | $39k | |
| Provisionand Write Offof Assets | — | — | — | — | — | $149k | $1.5m | $4.5m | $2.3m | $2.3m | |
| Purchase Of Business | — | — | — | — | $0 | — | — | ($137.1m) | — | ($137.3m) | |
| Sale Of Business | — | — | — | — | $0 | $0 | $8.7m | — | $55k | $55k | |
| Sale Of PPE | — | — | — | — | — | $0 | $0 | $12k | $140k | $140k | |
| Stock Based Compensation | — | — | — | — | — | $4.3m | $3.9m | $9.4m | $7.5m | $7.5m | |
| Foreign Currency Transaction Gain (Loss), Realized | — | $77k | $653k | — | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | ($295k) | $233k | — | |
| Goodwill | — | $7.3m | $89.1m | $83.3m | $83.5m | $83.5m | $83.5m | $383.1m | $412.0m | $11.0m | |
| Investment Income, Interest | — | $262k | $125k | $55k | $45k | $71k | $103k | $926k | $780k | — | |
| Operating Expenses | — | $31.5m | $48.5m | $62.5m | $68.2m | $72.0m | $79.6m | $220.4m | $226.8m | — | |
| Proceeds from Stock Options Exercised | — | $721k | $330k | $556k | $229k | — | $36k | $1.9m | $39k | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | $504k | $775k | — | |
| Net Investment Purchase And Sale | — | — | — | — | $0 | ($100k) | ($100k) | $0 | — | $0 | |
| Cash and cash equivalents | $5.1m | $10.2m | $16.4m | $18.1m | $26.5m | $17.7m | $19.0m | $24.4m | $44.4m | $48.8m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($8.8m) | $1.3m | ($60.9m) | ($8.0m) | — | |
| Income Tax Paid Supplemental Data | — | — | — | — | — | $63k | $175k | $4.3m | $7.2m | $7.2m |