AIOT

Powerfleet, Inc.

We are headquartered in Woodcliff Lake, New Jersey • FY2026 Annual Report

NYSE H-1B Visa Sponsor Revenue +22.4% YoY

Revenue

$444M

Net Income

$-21M

EBIT Margin

4.4%

Diluted EPS

$-0.15

Free Cash Flow

$9M

CEO Pay

$12,881,137

Steve Towe

36%

of Powerfleet, Inc.'s revenue comes from United States

Companies claim they must hire overseas workers because that's where their business is. The data says otherwise: Powerfleet, Inc. generates 36% of its $0.2B revenue from United States, yet continues to file H-1B petitions that displace American workers.

$12,881,137

Steve Towe's total compensation in FY2026

Base salary $425,000 • Stock awards $9,686,137. The CEO's pay package is funded by the same company that claims it cannot find qualified American workers for its open positions.

Financial Snapshot — FY2026

Total Revenue

$444M

+22.4% year-over-year

Net Income

$-21M

Operating Margin

4.4%

Diluted EPS

$-0.15

Free Cash Flow

$9M

Dividend / Share

N/A

Stock Buybacks

N/A

Where the Revenue Comes From — FY2026

United States

$0.2B

36%

Africa

$0.1B

25%

$0.1B

13%

Europe And Middle East

$0.1B

12%

Australia

$0B

10%

Other

$0B

Revenue earned in the United States contradicts the claim that H-1B workers are needed because “that’s where the business is.” Source: SEC EDGAR 10-K, FY2026.

What We Pay the Executives Source: SEC DEF 14A via sec-api.io

CEO Total Compensation

$12,881,137

Steve Towe

CEO Base Salary

$425,000

CEO Stock Awards

$9,686,137

Avg. Other NEO Total

$2,377,526

Executive	Title	Base Salary	Stock Awards	Total Comp
Steve Towe🔍	Chief Executive Officer	$425,000	$9,686,137	$12,881,137
David Wilson🔍	Chief Financial Officer	$357,875	$1,461,819	$2,495,944
Melissa Ingram🔍	Chief Corporate Development Officer	$247,705	$1,286,404	$2,259,109

SCT = Summary Compensation Table totals from SEC EDGAR DEF 14A proxy statement.

Board of Directors — Who Enables This

Director	Role	Age	Independent	Since	Tenure	Annual Pay
Andrew Martin🔍	Director	52	Yes	N/A	N/A	N/A
Ian Jacobs🔍	Director	48	Yes	N/A	N/A	N/A
Michael Brodsky🔍	Director and Chairman of the Board of Directors	57	No	N/A	N/A	N/A
Michael McConnell🔍	Director	59	Yes	N/A	N/A	N/A
Steve Towe🔍	Chief Executive Officer and Director	53	No	N/A	N/A	N/A

Source: SEC EDGAR DEF 14A proxy statement via sec-api.io.

H-1B Visa Dependency Key Metric

Search all Powerfleet, Inc. H-1B Labor Condition Applications filed with the U.S. Dept. of Labor.

🔍 Search H-1B Records for Powerfleet, Inc.

Source: U.S. Dept. of Labor OFLC disclosure data. LCA filing does not guarantee a visa was issued.

Shareholder Value Assessment

PositiveRevenue grew 22.4% year-over-year - strong growth.

ConcernCompany is operating at a net loss.

PositiveCEO compensation of $12.9M is within range for company size.

Key Business Risks (from 10-K Item 1A)

Risk Factors In addition to the other information contained in this Form 10-K, the following risk factors should be considered carefully in evaluating the Company and our business.
The risks described below could materially and adversely affect our business, financial condition or results of operations.
Additional risks and uncertainties not presently known to the Company or that the Company currently deems immaterial may also adversely affect our business, financial condition or results of operations.
The summary below is not exhaustive, and investors should read this “Risk Factors” section in full.

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Powerfleet, Inc.

of Powerfleet, Inc.'s revenue comes from United States

Steve Towe's total compensation in FY2026

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