Powerfleet, Inc.
AIOTQ3 2024(AIOT Q1 FY2025)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$10.0M
AI Revenue (Q)
$2.0M
Total Revenue (Q)
$66.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
First post-merger quarter (Apr-Jun 2024). Revenue jumps to $75.4M with MiX Telematics consolidation from Apr 2. Company still described as 'Internet-of-Things (IoT) solutions' in this filing. MiX Telematics was primarily a GPS fleet tracking and driver safety company in South Africa — traditional telematics, not AI. Services revenue $56.7M dominates (75%). Small uptick to 3% reflects growing Unity platform AI analytics across larger combined customer base, but the vast majority of MiX revenue is basic GPS tracking subscriptions.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenues $75,430 (Products $18,738 + Services $56,692)
10-Q Q1 FY2025, Condensed Consolidated Statements of Operations
The Company operates in one reportable segment, wireless IoT asset management
10-Q Q1 FY2025, Note 17 Segment Information
AI Products Identified (Ring 1)
Unity platform ML analyticsMovingdots insurance telematics MLMiX fleet intelligence analytics
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 trackingMiX Telematics subscriptionsIoT hardware devicesBasic telematics SaaSDriver behavior monitoringVehicle recovery services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix