PowerFleet, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 32.84 million compared to USD 33.16 million a year ago. Net income was USD 4.77 million compared to net loss of USD 2.93 million a year ago.

Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.