01:02 PM EDT, 08/22/2024 (MT Newswires) -- Powerfleet's ( AIOT ) shares were up nearly 1% in recent Thursday trading after the company reported fiscal Q1 non-GAAP net income of $0.003 per share, swinging from a loss of 0.002 per share a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended June 30 was $75.4 million, up from $68.4 million, a year earlier.

Three analysts surveyed by Capital IQ expected $74.9 million.

For fiscal 2025 the company projects revenue to exceed $300 million, up from the previous estimate of around $300 million. Analysts surveyed by Capital IQ expect $300.2 million.

Price: 4.93, Change: +0.04, Percent Change: +0.82