Professional
Added to YB: 2024-09-30
Pitch date: 2024-09-18
AIOT [bullish]
PowerFleet, Inc.
-38.08%
current return
Author Info
Lake Cornelia Research Management provides managed accounts and bespoke advisory services to family offices & investment funds. Follow on Twitter/X.
Company Info
PowerFleet, Inc. provides Internet-of-Things solutions in the United States, Israel, and internationally.
Market Cap
$503.2M
Pitch Price
$5.20
Price Target
20.00 (+521%)
Dividend
N/A
EV/EBITDA
-59.16
P/E
-2.65
EV/Sales
3.50
Sector
Electronic Equipment, Instruments and Components
Category
value
PowerFleet (AIOT) Becomes Top North American Fleet IoT Player with $210M Fleet Complete Acquisition
AIOT: Acquiring Fleet Complete for $210M at 2x rev/5x synergized EBITDA. Adds 600k subs, AT&T/Telus partnerships. Now #3/4 in NA fleet IoT. FY26 guide: $450M rev, $130M EBITDA. Sandbagged guidance, upside from sales expansion & synergies. TAM growing 15-20%, consolidating.
Read full article (30 min)