Powerfleet, Inc.
AIOTQ3 2021(AIOT Q1 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$5.3M
AI Revenue (Q)
$663,220
Total Revenue (Q)
$33.2M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Pre-rebrand period. Company describes itself as 'Internet-of-Things (IoT) solutions' provider. Single segment: wireless IoT asset management. Total Q revenue ~$33.2M (Products $14.4M + Services $18.8M). Enterprise software has 'machine learning capabilities' per 10-K but no AI-specific revenue disclosed. AI/ML is an embedded feature in basic fleet analytics, not a distinct product. Conservative 2% reflects early-stage ML feature contribution to SaaS value proposition. ACV of IoT subscriptions is not AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenues $33,161 (Products $14,392 + Services $18,769)
10-Q Q1 FY2022, Condensed Consolidated Statements of Operations
Our enterprise software applications have machine learning capabilities and are built to integrate with our customers management systems
10-K FY2022, Item 1 Business
AI Products Identified (Ring 1)
Unity platform ML analyticsFleet KPI machine learning
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
GPS fleet trackingIoT hardware devicesBasic telematics SaaSDriver behavior monitoring
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix