PowerFleet, Inc. (NASDAQ:PWFL) Q4 2022 Earnings Call Transcript

Steve Towe: Yeah. Yeah. I think as well, we’ve increased marketing spend dramatically, because from a brand perspective, we’ve rebranded the company. We’re trying to grow pipeline through our lead generation activities. We’ve brought in a new enterprise sales team in the U.S. to drive the fleet market. And all of that has been done within that cost envelope. And as you said, dramatically increased not only data science, but our overall software and architecture teams, which is why Unity became real very quickly. We’ve got paying customers who are referenced on the platform and we’ve got a super strong development roadmap that’s going to be released — the features are going to get released throughout this year, that by the end of 2023, we’ll have a very feature-rich leading-edge set of solutions on the Unity Platform.

So again, we feel humbly proud in terms of the way that we’ve been able to re-architect the business within the cost envelope that we have. We’ve driven performance through the year. If I look at my scorecard, then most, if not all of the metrics have moved forward, plus, I think, we’ve been trued enough to find a very, very complementary game changing acquisition for us, but as I said, also brings some liquidity to the balance sheet.

Scott Searle: Great. Perfect. Hey. Nice job in a difficult environment and very exciting on the Movingdots front. Thanks, guys.

Operator: Thank you. There are no further questions at this time. I would like to hand the floor back over to Steve Towe for any closing comments.

Steve Towe: Thank you, Operator. So thank you all for the insightful questions and thanks again to everyone for joining us this morning. I look forward to again — speaking to you again very soon. Take care. Have a great day.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.