Powerfleet, Inc. (AIOT) Q2 2027 Earnings Call Transcript

Operator

Good day, everyone, and welcome to Powerfleet’s Second Quarter 2027 Earnings Call. [Operator Instructions]

It is now my pleasure to hand the floor over to your host, Carolyn Capaccio. Ma’am, the floor is yours.

Carolyn Capaccio
Alliance Advisors, LLC

Thank you, operator, and good morning. With me today are Steve Towe, Chief Executive Officer; Paul Lalljie, President and Chief Financial Officer; Jeff Lautenbach, Chief Revenue Officer; and Jonathan Bates, Chief Marketing Officer.

Earlier this morning, Powerfleet issued its earnings release for the second quarter ended September 30, 2026, which was furnished on a Form 8-K and is available together with a slide presentation for this call in the Investors section of our website at ir.powerfleet.com.

During this call, management will make forward-looking statements within the meaning of federal securities laws, including statements about the company’s fiscal 2027 outlook, expected fourth quarter fiscal 2027 revenue on an adjusted basis and adjusted EBITDA margin, third quarter revenue mix and margins, expected capital expenditures, cash interest and cash taxes, leverage and free cash flow, the timing, pace and contribution of the South African National Treasury contract deployment, the South African device financing facility, including its completion, terms and expected benefits, the recovery from the production constraint disclosed last quarter, the effects of foreign exchange, including the South African rand, pipeline, bookings and customer expansion, and estimated addressable markets and expected

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