PowerFleet Q3 Earnings: Revenue Up 6.7%, Non-GAAP EPS Misses Estimate

PowerFleet reported mixed Q3 results, with non-GAAP EPS of $0.02 missing by $0.02 but revenue of $113.5M (+6.7% Y/Y) beating expectations by $1.81M. Net loss margin improved to 3% from 13% in the prior year, and adjusted EBITDA increased 26% year-over-year to $25.7 million.