PowerFleet, Inc. (NASDAQ:PWFL) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET
Company Participants
Steve Towe - Chief Executive Officer
David Wilson - Chief Financial Officer
Conference Call Participants
Scott Searle - ROTH MKM
Mike Walkley - Canaccord Genuity
Jaeson Schmidt - Lake Street
Gary Prestopino - Barrington Research
Operator
Good morning. Welcome to PowerFleet's Third Quarter 2023 Conference Call. Joining us for today's presentation is the company's CEO, Steve Towe, and CFO, David Wilson. Following their remarks, we will open up the call for questions.
Before we begin the call, I would like to provide PowerFleet's safe harbor statement that includes cautions regarding forward-looking statements made during this call. During the call, there will be forward-looking statements made regarding future events, including PowerFleet's future financial performance. All statements other than present and historical facts, which include any statements regarding the company's plans for future operations, anticipated future financial position, anticipated results of operation, business strategy, competitive position, company's expectations regarding opportunities for growth, demand for the company's product offering and other industry trends are considered forward-looking statements.
Such statements include, but are not limited to, the company's financial expectations for 2023 and beyond. All such forward-looking statements imply the presence of risks, uncertainties and contingencies, many of which are beyond the company's control. The company's actual results, performance or achievements may differ materially from those projected or assumed in any forward-looking statements. Factors that could cause actual results to differ materially could include, amongst others, SEC filings, overall economic and business conditions, demand for the company's products and services, competitive factors, emergence of new technologies and the company's cash position. The company does not intend to undertake any duty to update any forward-looking statements to reflect future events or circumstances.
Finally, I would like to remind everyone that this call will be made available for replay in the Investor Relations section of the company's website at www.powerfleet.com.
Now, I would like to turn the call over to PowerFleet's CEO, Mr. Steve Towe. Sir, please proceed.
Steve Towe
Good morning, everyone, and thank you for being here today. In today's call, I will share an update on our Q3 performance, as well as spending some time reviewing progress on the strategic pillars of the business.
Turning first to our Q3 performance. We're delighted to report a strong set of Q3 financial results. Our commitment to evolve into a high-quality SaaS business required us to take brave decisions to manage existing revenues in ways where our success will become clear in quarters rather than months.