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PowerFleet Inc
123 TICE BLVD.
Phone: (201) 996-9000p:201 996-9000 WOODCLIFF LAKE, NJ  07677  United States Ticker: AIOTAIOT
On April 5, 2024, the audit committee of the board of directors of the Company, following a comprehensive review with the company’s management, concluded that the previously released financial statements for the fiscal years ended December 31, 2021 and 2022, and for each of the interim periods during the 2022 and 2023 fiscal years, should no longer be relied upon. During the final stages of the preparation for filing of the company’s financial statements for the year ended December 31, 2023, management concluded that the accounting treatment relating to the redemption premium associated with the Company’s Series A convertible preferred stock required correction to comply with U.S. generally accepted accounting principles.
Business Summary
Powerfleet, Inc. is a provider of artificial Internet of things (AIoT) software-as-a-service (SaaS) solution, which includes valuable business intelligence for managing high-value enterprise assets. The Company delivers advanced mobility solutions that connect assets to increase visibility operational efficiency and profitability by leveraging its Unity platform product strategy. Its Powerfleet for Warehouse solutions are designed to provide on-premises or in-facility asset and operator management, monitoring, and visibility for warehouse trucks. Its Powerfleet for Logistics solutions are designed to provide bumper-to-bumper asset management, monitoring, and visibility for over-the-road based assets. Its Powerfleet for Vehicles solutions are designed both to enhance the vehicle fleet management process, whether it’s a rental car, a private fleet, or automotive original equipment manufacturer (OEM) partners. Its offerings are sold under the Powerfleet, Pointer, and Cellocator brands.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20243/31/2024YesYes--Yes

Industries
SIC Code Description
3669 Communications equipment, not elsewhere classified
7371 Computer programming services
7382 Security systems services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board Michael B.Brodsky 56 12/31/2016 6/1/2014
Chief Executive Officer, Director SteveTowe 52 1/5/2022 1/5/2022
Chief Financial Officer, Corporate Secretary DavidWilson 56 1/4/2023 1/4/2023
9 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Movingdots GmbH Lloydstrasse 4 - 6 Bremen Germany
Centro de Soluciones Inalmbricas S.A. de C.V. Montecito No. 38, Piso 19 Mexico City Mexico
Pointer Telocation Ltd 14 Hamelacha Street ROSH HA'AYIN Israel
6 additional Subsidiary records available in full report.

Business Names
Business Name
1001020321 Ontario Inc.
AIOT
Asset Intelligence, LLC
59 additional Business Names available in full report.

General Information
Number of Employees: 1,954 (As of 7/15/2024)
Outstanding Shares: 132,138,557 (As of 11/8/2024)
Shareholders: 47
Stock Exchange: NASD
Federal Tax Id: 223270799
Fax Number: (201) 996-9144
Email Address: ned@id-systems.com


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Tuesday, December 3, 2024