India, June 15 -- On Monday, Powerfleet, Inc. (AIOT), a provider of artificial-intelligence-on-things, reported narrower loss in the fourth quarter, attributable to lower operating expenses and higher revenues. Further, the firm issued fiscal 2027 outlook, expecting higher adjusted EBITDA and revenues.
In the pre-market activity on the Nasdaq, the shares were trading 1.90 percent higher at $4.3000, after closing Friday's regular trading at 0.24 percent higher.
Net loss for the fourth quarter went down to $2.67 million from loss of $12.44 million on the same quarter last year. Net loss per share was $0.02 in 2026, compared to loss of $0.09 in the previous year.
Adjusted net income rose to $5.66 million, from $2.79 million a year ago. Adju...