PowerFleet's $30 Million Share Repurchase Raises Questions About AIOT's Future Prospects PowerFleet Inc.
, a SaaS provider specializing in artificial intelligence of things (AIoT), has announced that its board of directors approved a $30 million share buyback program, which could be executed over the next two years.
At first glance, this move might seem like a classic play by a cash rich firm looking to boost shareholder value.