BRIEF-Powerfleet Inc On April 2, Received Nasdaq Letter Notifying That It Did Not Timely File Its Annual Report On Form 10-K For FY Ended Dec 31, 2023

Reuters
06 Apr 2024

April 5 (Reuters) - PowerFleet Inc :

* POWERFLEET INC: ON APRIL 2, RECEIVED NASDAQ LETTER NOTIFYING THAT IT DID NOT TIMELY FILE ITS ANNUAL REPORT ON FORM 10-K FOR FY ENDED DEC 31, 2023

* POWERFLEET: CONCLUDED PREVIOUS FINANCIAL STATEMENTS FOR FY ENDED DEC 31 2021, 2022 & FOR INTERIM PERIODS 2022, 2023 FY SHOULD NO LONGER BE RELIED UPON

* POWERFLEET: ESTIMATES CORRECTIONS EXPECTED TO INCREASE NET LOSS BY ABOUT $5 MILLION, $6 MILLION, $5 MILLION FOR FY 2021, 2022 & NINE MONTHS ENDED SEPT 30, 2023

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