Advertisement
Canada markets closed

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7263
    -0.0001 (-0.01%)
     

  • CRUDE OIL

    82.59
    -0.14 (-0.17%)
     

  • Bitcoin CAD

    87,651.73
    +2,753.62 (+3.24%)
     

  • CMC Crypto 200

    1,312.54
    +427.00 (+48.23%)
     

  • GOLD FUTURES

    2,394.10
    -3.90 (-0.16%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,517.50
    -29.75 (-0.17%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • CAD/EUR

    0.6821
    0.0000 (0.00%)
     

PowerFleet: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

WOODCLIFF LAKE, N.J. (AP) _ PowerFleet, Inc. (PWFL) on Thursday reported a loss of $2.4 million in its fourth quarter.

On a per-share basis, the Woodcliff Lake, New Jersey-based company said it had a loss of 12 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 5 cents per share.

The maker of tracking and communications technology for fleet vehicles posted revenue of $29.4 million in the period.

For the year, the company reported that its loss narrowed to $9 million, or 46 cents per share. Revenue was reported as $113.6 million.

PowerFleet shares have risen slightly more than 8% since the beginning of the year. The stock has climbed nearly 2% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PWFL at https://www.zacks.com/ap/PWFL