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.
_____
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
∎