Powerfleet, Inc. appointed Paul Lalljie as President and Chief Financial Officer effective August 11, 2026, succeeding David Wilson whose employment was terminated on August 10, 2026. Lalljie receives a $475,000 annual base salary, an up to 85% bonus eligibility, a $100,000 sign-on bonus, and one-time equity awards of 225,000 restricted stock units plus 225,000 performance-based restricted stock units. Wilson receives approximately $346,192 in severance payments and will serve as a consultant for $37,410 per month over an initial 90-day term. Powerfleet provides fleet management software and hardware solutions.

Powerfleet, Inc. reported first-quarter fiscal 2027 results ending June 30, 2026, with total revenue increasing 6.4% to $110.8 million and services revenue rising 9.1% to $94.3 million. Gross margin expanded to 55.2%, while operating cash flow nearly doubled to $8.4 million. The company updated its full-year fiscal 2027 guidance, projecting revenue between $468 million and $473 million and adjusted EBITDA of $111 million to $114 million, reflecting a strategic reprioritization in South Africa where over 70,000 vehicles are now slated for near-term deployment under the National Treasury contract. Leadership changes include Paul Lalljie joining as President and Chief Financial Officer, replacing David Wilson who will remain on consulting. Powerfleet operates in the artificial intelligence of things (AIoT) software-as-a-service mobile asset industry.

On July 15, 2026, Powerfleet, Inc. appointed Michael Casey to its Board of Directors, where he will serve as chair of the Audit Committee and a member of the Compensation and Nominating Committees. Simultaneously, Michael McConnell resigned from the Board and his role as chair of the Audit Committee, effective immediately. Mr. Casey previously served as a director from 2016 until the company's combination with MiX Telematics. Powerfleet is a global provider of artificial intelligence of things (AIoT) software-as-a-service (SaaS) for the mobile asset industry.

Powerfleet, Inc. issued a press release on June 15, 2026, regarding its financial results for the fourth quarter and fiscal year ended March 31, 2026. The company held a conference call and provided a business update via a slide presentation. Powerfleet, Inc. provides telematics and Internet of Things (IoT) proven-to-performance solutions for global enterprise and global enterprise management.