PowerFleet Inc. (AIOT) Achieves Robust Organic Growth Despite Wide Net Loss

PowerFleet Inc. (NASDAQ:AIOT) is one of the fastest-growing penny stocks to bargain now. On November 11, William Blair reiterated an Outperform rating, impressed by PowerFleet Inc. (NASDAQ:AIOT)’s second-quarter 2026 results, characterized by grounds gross and beardown show crossed cardinal metrics.

The institution achieved double-digit year-over-year integrated yearly recurring gross maturation driven by beardown planetary traction crossed nonstop and indirect channels. Total gross accrued 45% to a grounds precocious of $111.7 million, driven by expanding adoption of the company’s AIoT platform. Gross nett accrued 51% year-over-year to $62.6 million.

William Blair has touted the institution connected achieving 12% integrated services maturation amid broad-based concern spot and accelerating pipeline momentum.

“Strong merchandise gross with a sequential gross betterment of 27%, arsenic good arsenic coagulated sequential borderline expansion, highlights continued momentum and resilience amid evolving macroeconomic conditions,” said Steve Towe, Chief Executive Officer.

However, the institution delivered a wider-than-expected nett nonaccomplishment attributable to stockholders of $4.3 million, oregon $0.03 a share, compared to a nett nonaccomplishment of $1.9 million, oregon $0.02 a share, for the aforesaid 4th past year. The wider-than-expected nett nonaccomplishment was owed to higher involvement expenses and non-cash amortization.

PowerFleet, Inc. (NASDAQ:AIOT) is simply a planetary AIoT (Artificial Intelligence of Things) institution that provides software-as-a-service (SaaS) solutions to assistance organizations manage, monitor, and optimize assets similar connected vehicles and warehouse equipment.

While we admit the imaginable of AIOT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.