India, June 16 -- Powerfleet, Inc. (AIOT), a provider of internet of things (IoT) software-as-a-service (SaaS) solutions, reported Monday narrower net loss in fourth quarter, and an adjusted net income compared to prior year's loss, with strong growth in revenues.
In the pre-market activity on the Nasdaq, PowerFleet shares were gaining around 7.2 percent to trade at $4.77, after losing around 6 percent on Friday's regular trading.
In the fourth quarter, net loss attributable to stockholders was $12.44 million or $0.09 per share, narrower than loss of $20.37 million or $0.19 per share in the prior year, reflecting improved financial performance. The prior year results were on a pro forma combined basis, following the acquisitions.
Adjuste...