Powerfleet, Inc.
AIOTQ1 2025(AIOT Q3 FY2025)Estimated3.5% AI
AI Revenue %
3.5%
AI Fair Value
$12.6M
AI Revenue (Q)
$3.5M
Total Revenue (Q)
$100.9M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2025 (Oct-Dec 2024) revenue $106.4M — sharp increase from Fleet Complete acquisition (closed Oct 1, 2024). Fleet Complete adds Connvex platform with 'CONNVEX INSIGHTS' and connected fleet analytics. However, Fleet Complete is primarily a fleet GPS tracking and compliance business. Services revenue $81.7M (77%). Segment now labeled 'wireless AIoT asset management' in the next filing period. Small uptick to 3.5% reflects growing AI feature adoption across three combined platforms (Powerfleet Unity, MiX, Fleet Complete Connvex).
Analyzed by claude-opus-4-6
Quoted Figures
Total revenues $106,429 (Products $24,687 + Services $81,742)
10-Q Q3 FY2025, Condensed Consolidated Statements of Operations
Nine months ended December 31, 2024: Total revenues $258,877 (Products $63,718 + Services $195,159)
10-Q Q3 FY2025, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
Unity platform ML analyticsConnvex Insights 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 subscriptionsFleet Complete subscriptionsIoT hardware devicesBasic telematics SaaSELD/compliance solutions
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix