Powerfleet Q1 FY27: revenue +6.4% to $110.8M, net loss narrows 19.3% to -$8.3M

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Operating income swung positive to $270K from -$2.0M loss YoY, driven by higher gross profit partially offset by increased SG&A. First quarter of operating profitability in the periods presented.

  MD&A: Operating Results verify on EDGAR →
• high

  Product revenue fell 6.7% to $16.5M due to firmware compatibility issues deferring customer orders; management expects resolution in Q2 FY27 but provides no assurance. Product gross margin compressed to 21.3% from 25.1%.

  MD&A: Product Revenue & Margins verify on EDGAR →
• high

  Services revenue grew 9.1% to $94.3M, driven primarily by Unity safety and AI video solutions. Reflects maturing post-acquisition revenue base with Unity AI as the primary organic growth driver.

  MD&A: Services Revenue verify on EDGAR →