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PowerFleet, Inc. (PWFL)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  56.850.846.060.551.639.0
    Other  33.930.528.811.71.51.9
    Israel  44.444.838.79.7  
Total revenues  135.2126.2113.681.953.141.0
            Revenue growth   [+]7.1%11.1%38.7%54.4%29.6% 
Cost of goods sold  71.066.054.643.627.320.0
Gross profit  64.260.259.038.425.820.9
            Gross margin  47.5%47.7%52.0%46.8%48.6%51.1%
Selling, general and administrative  63.057.151.934.424.720.5
Research and development  9.011.110.68.56.94.5
Other operating expenses     5.1  
EBITDA   [+]0.50.65.0-6.4-4.2-3.0
            EBITDA margin  0.3%0.5%4.4%-7.8%-7.9%-7.2%
Depreciation  3.23.43.11.40.80.8
EBITA  -2.7-2.81.9-7.8-5.0-3.7
            EBITA margin  -2.0%-2.2%1.6%-9.5%-9.5%-9.1%
Amortization of intangibles  5.15.25.32.00.70.4
EBIT   [+]-7.8-8.0-3.5-9.8-5.7-4.1
            EBIT margin  -5.8%-6.3%-3.0%-11.9%-10.8%-10.0%
Interest expense, net   [+]0.92.74.41.2-0.10.1
Other income (expense), net   [+]2.00.0-0.1-0.1-0.20.0
Pre-tax income  -6.7-10.7-8.0-11.1-5.8-4.2
Income taxes  0.32.61.0-0.10.0-0.3
            Tax rate     0.7%0.0%7.4%
Minority interest  0.00.00.00.0  
Net income  -11.9-18.1-13.6-12.0-5.8-3.9
            Net margin  -8.8%-14.3%-12.0%-14.7%-11.0%-9.4%
   
Basic EPS   [+]($0.34)($0.52)($0.46)($0.59)($0.34)($0.26)
Diluted EPS   [+]($0.34)($0.52)($0.46)($0.59)($0.34)($0.26)
   
Shares outstanding (basic)   [+]35.434.629.720.517.215.0
Shares outstanding (diluted)   [+]35.434.629.720.517.215.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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