← Powerfleet, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income — — — — — ($6.8m) ($5.7m) ($51.0m) ($20.6m)
Net Income From Continuing Operations — — — — — ($6.8m) ($5.7m) ($51.0m) ($20.6m)
Net Income (Loss) Attributable to Parent — — — — ($13.3m) ($7.0m) ($5.7m) ($51.0m) ($20.6m)
Net Income (Loss) Available to Common Stockholders, Basic — ($5.8m) ($12.0m) ($13.6m) ($18.1m) ($11.9m) ($17.3m) ($51.0m) ($20.6m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — ($9.0m) ($13.3m) ($7.0m) ($5.6m) ($51.0m) ($19.9m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — ($5.8m) ($11.0m) — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest — — $18k ($3k) ($5k) $2k $35k $18k $608k
Depreciation and amortization $1.1m $1.6m $3.3m $8.4m $8.6m $8.3m $9.4m $47.5m $60.3m
Amortization Cash Flow — — — — — $5.1m $5.6m $27.6m —
Amortization Of Intangibles — — — — — $5.1m $5.6m $27.6m —
Depreciation Amortization Depletion — — — — — $8.3m $9.4m $47.5m $60.3m
Depreciation, Depletion and Amortization $1.1m $1.6m $3.3m $8.4m $8.6m $8.3m $9.4m $47.5m $60.3m
Amortization of Intangible Assets — $712k $2.0m $5.3m $5.2m $5.1m $5.6m $27.6m $37.0m
Capitalized Computer Software, Amortization — — — — — — — $5.7m $4.6m
Deferred income taxes — — — $359k $2.6m $134k ($6k) ($4.9m) ($1.7m)
Deferred Income Tax — — — — — $708k ($6k) ($4.9m) ($1.7m)
Deferred Tax — — — — — $708k ($6k) ($4.9m) ($1.7m)
Deferred Income Tax Expense (Benefit) — — — — — $143k $2k ($1.8m) ($1.7m)
Asset Impairment Charge — — — — — $215k $3.3m $9.4m $11.0m
Share-based Payment Arrangement, Noncash Expense — $2.2m $3.8m $4.3m $4.7m $4.3m $3.9m $9.4m $7.5m
Share-based Payment Arrangement, Expense — $2.2m $3.8m $4.1m $4.4m $4.3m $3.9m $9.4m $7.5m
Income Tax Expense (Benefit) — — $75k $1.0m $2.6m $296k $589k $4.5m $8.7m
Interest Expense Nonoperating — — — — — — — $20.3m $27.5m
Other Nonoperating Income (Expense) — — — ($102k) $8k $24k ($29k) ($1.2m) ($4.1m)
Changes in operating assets and liabilities:
Additional Financial Items
Net loss — — ($11.0m) ($9.0m) ($13.3m) ($7.0m) ($5.7m) ($51.0m) ($20.6m)
Non-controlling interest — — ($18k) ($3k) ($5k) $2k $35k $18k $608k
Gain on bargain purchase — — — — — — ($9.0m) $0 $0
Inventory reserve $313k $321k $207k $260k ($22k) $149k $1.5m $4.5m $2.3m
Stock-based compensation expense $2.4m $2.2m $3.8m $4.3m $4.7m $4.3m $3.9m $9.4m $7.5m
Right-of-use assets, non-cash lease expense — — $965k $2.8m $2.9m $2.8m $2.8m $5.0m $4.1m
Derivative mark-to-market adjustment — — — — — — $0 ($504k) ($775k)
Bad debts expense $115k $31k $319k $1.0m $1.4m $66k $1.8m $9.4m $11.0m
Shares issued for transaction bonuses — — — — — — $0 $889k $0
Lease termination and modification losses — — — — — — $0 $295k ($233k)
Other non-cash items ($69k) $85k ($40k) $23k $305k $707k $103k $1.1m ($2.2m)
Accounts receivable $1.6m ($554k) ($1.1m) $2.2m ($9.6m) ($1.6m) ($1.5m) ($14.0m) ($21.2m)
Inventories $87k ($384k) ($3.3m) $3.0m ($6.1m) ($4.5m) ($1.7m) $5.7m ($4.5m)
Prepaid expenses and other current assets $1.2m $963k $567k $1.9m ($2.9m) ($374k) $791k $5.5m $2.2m
Deferred costs $1.8m ($471k) $539k $3.2m $3.3m $1.2m $679k ($8.4m) ($8.5m)
Deferred revenue $186k ($361k) ($857k) ($4.3m) ($2.3m) ($158k) ($295k) $1.7m $1.6m
Accounts payable, accrued expenses and other current liabilities ($1.1m) $587k $360k ($2.4m) $8.3m ($484k) $4.4m ($12.2m) $5.2m
Lease liabilities — — ($1.1m) ($3.0m) ($2.7m) ($2.7m) ($2.9m) ($4.6m) ($3.7m)
Accrued severance payable — — — — — — ($21k) $1.2m ($1.0m)
Acquisition, net of cash assumed ($7.4m) — ($69.0m) — — — $8.7m ($137.1m) $55k
Proceeds from sale of fixed assets — — — — — — $0 $12k $140k
Capitalized software development costs — — — — ($627k) ($2.2m) ($3.6m) ($13.8m) ($18.5m)
Repayment of loan advanced to external parties — — — — — — $0 $294k $207k
Short-term bank debt, net — — $75k ($262k) ($270k) $5.7m $4.3m $19.6m $5.7m
Purchase of treasury stock upon vesting of restricted stock — ($652k) ($317k) ($423k) ($794k) ($211k) ($141k) ($2.8m) $0
Repayment of financing lease — — — — ($138k) ($121k) ($129k) $0 $0
Proceeds from private placement, net — — — — — — $0 $66.5m $0
Proceeds from exercise of stock options, net $1.3m $721k $330k $556k $229k — $36k $1.9m $39k
Taxes — — $605k $47k $58k $63k $175k $4.3m $7.2m
Interest $130k — $807k $2.3m $1.5m $1.3m $1.7m $15.3m $24.5m
Shares issued in connection with Combination — — — — — — $1.3m $745.4m $0
Value of warrant issued in connection with Movingdots acquisition — — — — — — $1.3m $0 $0
Value of licensed intellectual property acquired in connection with Movingdots acquisition $386k $251k $1.0m $3.4m $3.4m $3.5m $1.5m $0 $0
Issuance of redeemable non-controlling interest — — — — — — $0 $0 $8.8m
Rebalancing of ownership percentage between parent and subsidiaries — — — — — — $0 $0 ($3.4m)
Operating Cash Flow $3.9m ($1.7m) ($7.3m) $8.8m ($5.0m) $1.2m $4.4m ($3.3m) $30.5m
Cash Flow From Continuing Operating Activities $3.9m ($1.7m) ($7.3m) $8.8m ($5.0m) $1.2m $4.4m ($3.3m) $30.5m
Beginning Cash Position — — — — — $26.8m $18.0m $109.7m $48.8m
Cash Flow From Continuing Financing Activities — — — — — ($282k) ($3.7m) $115.7m $151k
Cash Flow From Continuing Investing Activities — — — — — ($6.3m) $1.5m ($170.6m) ($39.7m)
Change In Account Payable — — — — — ($533k) $4.4m ($12.2m) $5.2m
Change In Accrued Expense — — — — — ($42k) ($21k) $1.2m ($1.0m)
Change In Inventory — — — — — ($4.5m) ($1.7m) $5.7m ($4.5m)
Change In Other Current Liabilities — — — — — ($2.7m) ($2.9m) ($4.6m) ($3.7m)
Change In Other Working Capital — — — — — $981k $384k ($6.7m) ($6.9m)
Change In Payable — — — — — ($533k) $4.4m ($12.2m) $5.2m
Change In Payables And Accrued Expense — — — — — ($575k) $4.4m ($10.9m) $4.2m
Change In Prepaid Assets — — — — — ($816k) $791k $5.5m $2.2m
Change In Receivables — — — — — ($1.4m) ($1.5m) ($14.0m) ($21.2m)
Change In Working Capital — — — — — ($9.0m) ($460k) ($25.0m) ($29.9m)
Changes In Account Receivables — — — — — ($1.4m) ($1.5m) ($14.0m) ($21.2m)
Changes In Cash — — — — — ($5.4m) $2.2m ($58.2m) ($9.1m)
End Cash Position — — — — — $18.0m $19.3m $48.8m $40.8m
Financing Cash Flow — — — — — ($282k) ($3.7m) $115.7m $151k
Free Cash Flow — — — — — ($5.0m) ($2.7m) ($37.1m) ($9.7m)
Gain Loss On Investment Securities — — — — — — — ($504k) ($775k)
Investing Cash Flow — — — — — ($6.3m) $1.5m ($170.6m) ($39.7m)
Issuance Of Capital Stock — — — — — $0 $0 $66.5m $0
Net Business Purchase And Sale — — — — — $0 $8.7m ($137.1m) $55k
Net PPE Purchase And Sale — — — — — $0 $0 $12k $140k
Operating Gains Losses — — — — — — — ($504k) ($775k)
Proceeds From Stock Option Exercised — — — — — $0 $36k $1.9m $39k
Provisionand Write Offof Assets — — — — — $149k $1.5m $4.5m $2.3m
Purchase Of Business — — — — $0 — — ($137.1m) —
Repurchase Of Capital Stock — — — — — ($211k) ($141k) ($2.8m) $0
Sale Of Business — — — — $0 $0 $8.7m — $55k
Sale Of PPE — — — — — $0 $0 $12k $140k
Stock Based Compensation — — — — — $4.3m $3.9m $9.4m $7.5m
Increase (Decrease) in Accounts Receivable — $554k $1.1m ($2.2m) $9.6m $1.6m $1.5m $14.0m $21.2m
Increase (Decrease) in Inventories — $384k $3.3m ($3.0m) $6.1m $4.5m $1.7m ($5.7m) $4.5m
Foreign Currency Transaction Gain (Loss), Realized — $77k $653k — — — — — —
Gain (Loss) on Termination of Lease — — — — — — — ($295k) $233k
Goodwill — $7.3m $89.1m $83.3m $83.5m $83.5m $83.5m $383.1m $412.0m
Inventory Write-down — — — — — — — $4.5m —
Investment Income, Interest — $262k $125k $55k $45k $71k $103k $926k $780k
Nonoperating Income (Expense) — ($165k) ($50k) — — — — — —
Operating Expenses — $31.5m $48.5m $62.5m $68.2m $72.0m $79.6m $220.4m $226.8m
Proceeds from Stock Options Exercised — $721k $330k $556k $229k — $36k $1.9m $39k
Unrealized Gain (Loss) on Investments — $66k $47k — — — — — —
Derivative, Gain (Loss) on Derivative, Net — — — — — — — $504k $775k
Net cash provided by (used in) operating activities $3.9m ($1.7m) ($7.3m) $8.8m ($5.0m) $757k $4.4m ($3.3m) $30.5m
Net Cash Provided by (Used in) Operating Activities $3.9m ($1.7m) ($7.3m) $8.8m ($5.0m) $757k $4.4m ($3.3m) $30.5m
Cash flows from investing activities:
Capital expenditures ($386k) ($251k) ($1.0m) ($3.4m) ($3.4m) ($3.5m) ($3.5m) ($20.0m) ($21.6m)
Capital Expenditure Reported — — $1.0m $3.4m $3.4m ($6.2m) ($7.1m) ($33.8m) ($40.1m)
Payments to Acquire Property, Plant, and Equipment ($386k) ($251k) ($1.0m) ($3.4m) ($3.4m) ($3.5m) $1.5m $20.0m $21.6m
Payments to Acquire Businesses, Net of Cash Acquired — — $69.0m — — — — $137.1m ($55k)
Purchase of investments ($11.1m) ($3.2m) ($99k) — — ($100k) ($100k) $0 $0
Net Investment Purchase And Sale — — — — $0 ($100k) ($100k) $0 —
Purchase Of Investment — — — — $0 ($100k) ($100k) $0 —
Payments to Acquire Investments — $3.2m $99k — — — — $0 $0
Net Other Investing Changes — — — — — — — $294k $207k
Net cash provided by (used in) investing activities ($17.7m) $6.6m ($65.5m) ($3.3m) ($3.4m) ($5.8m) $1.5m ($170.6m) ($39.7m)
Net Cash Provided by (Used in) Investing Activities — $6.6m ($65.5m) ($3.3m) ($3.4m) ($5.8m) $1.5m ($170.6m) ($39.7m)
Cash flows from financing activities:
Proceeds from long-term debt — — $30.0m — — — $0 $125.0m $0
Issuance of derivative on long-term debt — — — — — — $0 $0 $0
Issuance Of Debt — — — — — $0 $0 $125.0m $0
Long Term Debt Issuance — — — — — $0 $0 $125.0m $0
Net Issuance Payments Of Debt — — — — — ($71k) ($216k) $141.9m $112k
Net Long Term Debt Issuance — — — — — ($5.8m) ($4.5m) $122.4m ($5.6m)
Net Short Term Debt Issuance — — — — — $5.7m $4.3m $19.6m $5.7m
Proceeds from Issuance of Long-term Debt — — $30.0m — — — — $125.0m $0
Repayment of long-term debt — — ($2.0m) ($2.9m) ($5.7m) ($5.7m) ($4.4m) ($2.6m) ($5.6m)
Payment of long-term debt costs — — ($742k) — — — $0 ($1.4m) —
Long Term Debt Payments — — — — — ($5.8m) ($4.5m) ($2.6m) ($5.6m)
Repayment Of Debt — — — — — ($5.8m) ($4.5m) ($2.6m) ($5.6m)
Repayments of Long-term Debt — — $2.0m — $5.7m $5.7m $4.4m $2.6m $5.6m
Common stock issued for transaction bonus — — — — — — $0 $9k $0
Common Stock Issuance — — — — — $0 $0 $66.5m $0
Net Common Stock Issuance — — — — — ($211k) ($141k) $63.6m $0
Proceeds from Issuance of Common Stock — — — $4.0m $26.9m — — — —
Common Stock Payments — — — — — ($211k) ($141k) ($2.8m) $0
Payments for Repurchase of Common Stock — $652k $317k — — — — $2.8m $0
Payment of preferred stock dividend and redemption of preferred stock — — — — ($4.1m) — ($3.4m) ($90.3m) $0
Preferred stock dividends paid in shares — — — — — $4.2m $1.1m $0 $0
Cash Dividends Paid — — — — — $0 ($3.4m) ($90.3m) $0
Preferred Stock Dividend Paid — — — — — $0 ($3.4m) ($90.3m) $0
Dividends Payable — — — — $0 $0 $0 $0 $0
Net cash (used in) provided by financing activities $14.3m $69k $78.6m ($3.9m) $16.2m ($282k) ($3.7m) $115.7m $151k
Net Cash Provided by (Used in) Financing Activities — $69k $78.6m ($3.9m) $16.2m ($282k) ($3.7m) $115.7m $151k
Effect of foreign exchange rate changes on cash and cash equivalents ($413k) $100k $345k $128k $531k ($3.4m) ($877k) ($2.7m) $1.2m
Effect Of Exchange Rate Changes — — — — — ($3.4m) ($877k) ($2.7m) $1.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $5.1m $6.2m $1.7m $8.3m ($8.8m) $1.3m ($60.9m) ($8.0m)
Net increase (decrease) in cash and cash equivalents, and restricted cash $126k $5.1m $6.2m $1.7m $8.3m ($8.8m) $1.3m ($60.9m) ($8.0m)
Cash and cash equivalents, and restricted cash at beginning of the period — — — — — — $19.3m $48.8m $40.8m
Cash and cash equivalents $5.1m $10.2m $16.4m $18.1m $26.5m $17.7m $19.0m $24.4m $44.4m
Restricted cash $306k $307k $308k $308k $308k $309k $310k $4.4m $4.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $26.8m — — $48.8m $40.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — ($8.8m) $1.3m ($60.9m) ($8.0m)
Income Tax Paid Supplemental Data — — — — — $63k $175k $4.3m $7.2m
Interest Paid Supplemental Data — — — — — $1.3m $1.7m $15.3m $24.5m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $807k $2.3m $1.5m $1.3m $1.7m $15.3m $24.5m
Income Taxes Paid, Net — — $605k $47k $58k $63k $175k $4.3m $7.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.