canar.ai
Rankings/AIOT/Q4 2024 Analysis

Powerfleet, Inc.

AIOT
Q4 2024(AIOT Q2 FY2025)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$10.8M
AI Revenue (Q)
$2.0M
Total Revenue (Q)
$66.3M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Q2 FY2025 (Jul-Sep 2024) revenue $77.0M. Still described as IoT in filings. Services revenue $56.7M (74%). Segment remains 'wireless IoT asset management.' No AI-specific revenue disclosed. 3% maintained. The addition of MiX Telematics' ~800K subscribers is overwhelmingly traditional GPS tracking.
Analyzed by claude-opus-4-6

Quoted Figures

Total revenues $77,018 (Products $20,293 + Services $56,725)
10-Q Q2 FY2025, Condensed Consolidated Statements of Operations
The Company operates in one reportable segment, wireless IoT asset management
10-Q Q2 FY2025, Note 17 Segment Information

AI Products Identified (Ring 1)

Unity platform ML analyticsMovingdots insurance telematics ML

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 SaaS

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix