trending Market Intelligence /marketintelligence/en/news-insights/trending/zM-6dRDieZ6rnRum72J8gA2 content esgSubNav
In This List

I.D. Systems Q1 loss narrows YOY

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Broadcast broker activities, H1'21

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


I.D. Systems Q1 loss narrows YOY

PowerFleet Inc. said its first-quarter normalized net income came to a loss of 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.

The per-share loss decreased 83.2% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $436,250, compared with a loss of $2.5 million in the year-earlier period.

The normalized profit margin climbed to negative 4.2% from negative 22.2% in the year-earlier period.

Total revenue decreased 5.8% year over year to $10.5 million from $11.1 million, and total operating expenses declined 26.2% year over year to $11.2 million from $15.2 million.

Reported net income totaled a loss of $698,000, or a loss of 5 cents per share, compared to a loss of $3.9 million, or a loss of 32 cents per share, in the prior-year period.