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PowerFleet: Q1 Earnings Snapshot

WOODCLIFF LAKE, N.J. (AP) _ PowerFleet, Inc. (PWFL) on Wednesday reported a loss of $1.8 million in its first quarter...

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WOODCLIFF LAKE, N.J. (AP) _ PowerFleet, Inc. (PWFL) on Wednesday reported a loss of $1.8 million in its first quarter.

On a per-share basis, the Woodcliff Lake, New Jersey-based company said it had a loss of 9 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to less than 1 cent on a per-share basis.

The maker of tracking and communications technology for fleet vehicles posted revenue of $29 million in the period.

PowerFleet shares have fallen 4% since the beginning of the year. The stock has increased 63% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PWFL at https://www.zacks.com/ap/PWFL

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