Powerfleet Inc. Expands AI Video Safety Partnership with EverDriven
WOODCLIFF LAKE, N.J., June 16, 2025 /PRNewswire/ – Powerfleet, Inc. (Nasdaq: AIOT), a leading information technology company specializing in wireless asset management systems, has announced an expanded partnership with EverDriven Technologies. This collaboration focuses on enhancing student transportation safety across 34 states in the U.S. EverDriven, a prominent player in alternative student transportation, operates with over 9,000 drivers completing more than 2 million trips annually. The partnership will see a significant deployment of Powerfleet’s advanced AI video safety solution, scaling to approximately 4,000 subscribers. This initiative aims to improve driver safety, provide automated coaching, and enable real-time risk detection, aligning with EverDriven’s commitment to prioritizing safety.
Powerfleet to Release Q1 2025 Earnings Report
Powerfleet Inc. is set to present its quarterly financial results for the period ending March 31, 2025, on June 16, 2025. Analysts anticipate a slight improvement in the company’s financial performance compared to the previous year. For the quarter, six analysts predict an average earnings per share (EPS) loss of -0.020 USD, a reduction from the -1.690 USD loss per share reported in the same quarter of the previous year. Revenue expectations are more optimistic, with seven analysts forecasting a substantial increase of 203.16% to 103.6 million USD, up from 34.2 million USD in the prior year. For the full fiscal year, six analysts expect an average EPS loss of -0.345 USD, an improvement from the -2.190 USD loss per share in the previous fiscal year. Revenue projections for the year are set at 362.5 million USD by seven analysts.
Market Overview
As of June 12, 2025, Powerfleet’s stock closed at 4.45 USD, with a 52-week range between 3.70 USD and 8.71 USD. The company’s market capitalization stands at 628.09 million USD. Despite a negative price-to-earnings ratio of -5.37, Powerfleet continues to focus on expanding its technological solutions in the information technology sector, particularly in wireless asset management systems for industrial and transportation assets.