PowerFleet, Inc..
AIOT.US | Other information technology and computer service activities
PowerFleet, Inc. is a global leader in the Internet of Things (IoT) and Machine-to-Machine (M2M) solutions. The company provides wireless IoT and M2M solutions for securing, tracking, monitoring, and managing high-value enterprise assets. PowerFleet's solutions are used across various industries, in...Show More
Better Health for All
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Powerfleet's core products and services deliver substantial health benefits by preventing pedestrian accidents and injuries in warehouses through AIoT solutions.
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The company's solutions also enable the safe and efficient transportation of temperature-sensitive pharmaceuticals and vaccines, which are critical for public health.
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The company's AIoT solutions are highlighted as preventative measures to reduce workplace accidents and improve safety.
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The company's products do not have direct safety implications for physical or mental health, as they are IoT/M2M solutions for asset management, therefore the safety record KPI is not applicable. There is no evidence to suggest the company's products or services have any negative health impacts or contribute to mental health issues.
Fair Money & Economic Opportunity
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PowerFleet, Inc. is a global leader in IoT and M2M solutions, providing services for securing, tracking, monitoring, and managing high-value enterprise assets. The company's core business model does not involve lending, insuring, moving, or storing money for consumers, nor does it offer consumer credit products or financial services. Therefore, all KPIs related to fair money and economic opportunity for consumers are not applicable to its operations. The company reported total revenue of $362.5 million in FY2025, with approximately 75% recurring SaaS revenue, and a customer base of 48,000, including over half of Fortune 500 companies.
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No regulatory actions, violations, fines, or compliance issues related to financial services were mentioned in the provided article.
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Fair Pay & Worker Respect
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Powerfleet's employee engagement is low, with 38% of employees recommending the company to a friend and 34% approving of the CEO, based on Glassdoor reviews.
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The company's compensation and benefits received a 2.3 out of 5 stars rating, which decreased by 7% in the last 12 months.
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The company offers employer-funded health and dental insurance, covering 100% of premiums for executive officers and 75% for other employees.
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The voluntary driver turnover rate for private fleets, which Powerfleet serves, is estimated at 18%.
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Fair Trade & Ethical Sourcing
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No evidence available to assess PowerFleet, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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PowerFleet restated its consolidated financial statements for fiscal years 2021 and 2022, and for interim periods during 2022 and 2023, due to a technical accounting issue related to convertible preferred stock
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. Its independent auditor, Ernst & Young LLP, communicated material weaknesses in internal control over financial reporting as of December 31, 2023, and December 31, 2022
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. In 2025, two additional material weaknesses were identified related to journal entries at I.D. Systems and Pointer Mexico, and financial close controls at Fleet Complete
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. The company received written notices from Nasdaq in August 2024 for late filings of its Transition Report on Form 10-KT and Quarterly Report on Form 10-Q, requiring a compliance plan within 60 days, and also for the late filing of its 2023 Form 10-K
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. Despite these issues, 100% of the company's financial statements are audited by an independent registered public accounting firm
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. All current directors and director nominees, with the exception of one, satisfy Nasdaq's independent director standards, and Audit Committee members meet additional SEC independence requirements
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. PowerFleet's Code of Ethics promotes prompt internal reporting of violations and prohibits retaliation
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. Its acquired entity, Fleet Complete, has a formal whistleblower policy with a secure reporting hotline and a comprehensive Global Business Integrity Policy (updated May 1, 2019) that prohibits bribery, kickbacks, facilitation payments, and sets specific gift limits (US$100 without approval)
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. The company also engages external assessors for independent audits of cybersecurity practices and uses third-party screening tools for due diligence on intermediaries and employees
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. No information is available regarding a recognized transparency index score, ESG controversy index score, or median complaint resolution time.
Kind to Animals
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Powerfleet, Inc. is an AIoT innovator providing solutions for managing, monitoring, and optimizing assets and vehicles.
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Its core business model does not involve animal-derived products, animal testing, animal husbandry, or direct sourcing of animal products. Therefore, KPIs related to cruelty-free certification, alternative testing, humane certifications, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policies, animal testing volume, and animal-free R&D collaboration are not applicable. While the company uses AI to enhance sustainable farming
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and helps customers comply with ESG regulations,
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there is no specific evidence of its direct, measurable impact on wildlife conservation, investment in animal-free technologies, or engagement in animal welfare policy improvement.
No War, No Weapons
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No evidence was found in the provided articles to assess PowerFleet, Inc. against any of the 'No War, No Weapons' KPIs. The articles either resulted in 404 errors
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or discussed the company's core business in fleet management and IoT solutions for civilian applications, without providing specific data points related to arms manufacturing, military contracts, dual-use technology, sales to sanctioned regimes, or peacebuilding initiatives.
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Planet-Friendly Business
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No specific, quantitative evidence was found in the provided articles to assess AIOT.US against the 'Planet-Friendly Business' ethical value. While articles discuss the company's solutions enabling customers to reduce CO2 emissions, improve fuel economy, and manage fleets more sustainably, this does not constitute evidence of AIOT.US's own operational environmental performance.
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Mentions of future targets for emissions reduction, carbon offsets, or renewable energy use are not evidence of achieved actions.
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Data on waste diverted was provided in tons, but without total waste generated, a diversion rate percentage could not be calculated as required by the rubric.
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Respect for Cultures & Communities
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No evidence available to assess PowerFleet, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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The company's privacy policy, last updated May 2025, states that personal information is shared with service providers, fleet administrators, and regulatory/law enforcement authorities as required by law.
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There are no documented incidents of unauthorized data use. Users have basic control over their data, able to request access, correction, or deletion of inaccurate data, and withdraw consent.
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They can also set their browser to refuse cookies.
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The site uses cookies to save passwords "when applicable," but there is no information on multi-factor authentication availability or strong password policies.
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Data retention for personal information collected from Vision hardware varies by subscription tier: 1 month for Basic, 4 months for Standard, and 6 months for Advanced.
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The company collects essential account data, optional vehicle data, contact information, billing information, GPS data, and engine-related data.
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The privacy policy states it may be amended from time to time, but there is no further information on specific regulatory compliance or penalties.
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Zero Waste & Sustainable Products
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The provided articles detail how PowerFleet's solutions help its customers reduce fuel consumption, CO2 emissions, and optimize fleet operations. However, there is no explicit evidence regarding PowerFleet's own internal waste management practices, product recyclability, packaging sustainability, use of recycled content, take-back programs for its own products, or specific waste reduction targets for its own operations.
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Therefore, no KPIs under the 'Zero Waste & Sustainable Products' value can be scored based on the provided information.