Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	[1]
Current assets:
Cash and cash equivalents	$ 30,242	$ 24,354
Restricted cash	1,151	85,310
Accounts receivables, net of allowance for credit losses of $3,197 and $3,727 as of March 31, 2024 and June 30, 2024, respectively	60,132	30,333
Inventory, net	25,832	21,658
Deferred costs - current	24	42
Prepaid expenses and other current assets	16,498	8,091
Total current assets	133,879	169,788
Fixed assets, net	49,705	12,719
Goodwill	300,775	83,487
Intangible assets, net	170,093	19,652
Right-of-use asset	10,722	7,428
Severance payable fund	3,760	3,796
Deferred tax asset	3,544	2,781
Other assets	12,435	9,029
Total assets	684,913	308,680
Current liabilities:
Short-term bank debt and current maturities of long-term debt	27,604	1,951
Accounts payable and accrued expenses	68,771	34,008
Deferred revenue - current	10,019	5,842
Lease liability - current	2,441	1,789
Total current liabilities	108,835	43,590
Long-term debt - less current maturities	111,957	113,810
Deferred revenue - less current portion	4,825	4,892
Lease liability - less current portion	8,555	5,921
Accrued severance payable	4,533	4,597
Deferred tax liability	52,645	4,465
Other long-term liabilities	3,015	2,496
Total liabilities	294,365	179,771
Commitments and Contingencies (Note 22)
Convertible redeemable preferred stock: Series A - 100 shares authorized, $0.01 par value; 60 and 0 shares issued and outstanding at March 31, 2024 and June 30, 2024, respectively, at redemption value of $90,273 at March 31, 2024	0	90,273
STOCKHOLDERS’ EQUITY
Preferred stock; authorized 50,000 shares, $0.01 par value	0	0
Common stock; authorized 175,000 shares, $0.01 par value; 38,709 and 109,641 shares issued at March 31, 2024 and June 30, 2024, respectively; shares outstanding, 37,212 and 107,578 at March 31, 2024 and June 30, 2024, respectively	1,096	387
Additional paid-in capital	578,514	202,607
Accumulated deficit	(177,108)	(154,796)
Accumulated other comprehensive loss	(567)	(985)
Treasury stock; 1,497 and 2,063 common shares at cost at March 31, 2024 and June 30, 2024, respectively	(11,518)	(8,682)
Total Powerfleet, Inc. stockholders’ equity	390,417	38,531
Non-controlling interest	131	105
Total equity	390,548	38,636
Total liabilities, convertible redeemable preferred stock, and stockholders’ equity	$ 684,913	$ 308,680

[1] Derived from audited balance sheet as of March 31, 2024.