--------------  --------------  ----------- --------- 
 
Total Revenue: 
Total Revenue as 
 reported                 $33,114         $34,501       $1,387       4.2 % 
Conversion impact 
 of U.S. Dollar                            $1,567       $1,567 
Total revenue on 
 a constant 
 currency basis           $33,114         $36,068       $2,954       8.9 % 
 
 
                    Twelve Months Ended December 
                                31,                 Year Over Year Change 
                                                   ----------------------- 
($ in Thousands)        2022            2023            $     % 
                   --------------  --------------  ----------- --------- 
 
Service Revenue: 
Service Revenue 
 as reported              $78,844         $84,194       $5,350       6.8 % 
Conversion impact 
 of U.S. Dollar                            $5,921       $5,921 
Service revenue 
 on a constant 
 currency basis           $78,844         $90,115      $11,271      14.3 % 
 
 
                    Twelve Months Ended December 
                                31,                 Year Over Year Change 
                                                   ----------------------- 
($ in Thousands)        2022            2023            $     % 
                   --------------  --------------  ----------- --------- 
 
Product Revenue: 
Product Revenue 
 as reported              $56,313         $49,391     ($6,922)    (12.3 %) 
Conversion impact 
 of U.S. Dollar                              $459         $459 
Product revenue 
 on a constant 
 currency basis           $56,313         $49,850     ($6,463)    (11.5 %) 
 
 
                    Twelve Months Ended December 
                                31,                 Year Over Year Change 
                                                   ----------------------- 
($ in Thousands)        2022            2023            $     % 
                   --------------  --------------  ----------- --------- 
 
Total Revenue: 
Total Revenue as 
 reported                $135,157        $133,585     ($1,572)     (1.2 %) 
Conversion impact 
 of U.S. Dollar                            $6,380       $6,380 
Total revenue on 
 a constant 
 currency basis          $135,157        $139,965       $4,808       3.6 % 
 

View original content to download multimedia:https://www.prnewswire.com/news-releases/powerfleet-reports-full-year-2023-and-fourth-quarter-financial-results-302086234.html

SOURCE Powerfleet

(END) Dow Jones Newswires

March 12, 2024 07:01 ET (11:01 GMT)