SaaS Platform Manages Fleets

12/02/2015 7:00 am EST

Focus: STOCKS

James Oberweis

President, Oberweis Asset Management, Inc.

Our latest featured recommendation is a leading global provider of fleet management solutions delivered as software-as-a-service, or SaaS, explains Jim Oberweis, Jr., small-cap expert and editor of The Oberweis Report.

Fleetmatics Group PLC (FLTX) offers a mobile software platform that enables businesses to meet the challenges associated with managing their local fleets of commercial vehicles and improve productivity based on vehicle and driver behavioral data.

Fleetmatics offers intuitive, cost-effective Web-based and mobile solutions that provide fleet operators with visibility into vehicle location, fuel usage, speed, and mileage, enabling them to reduce operating and capital costs, as well as increase revenue.

Their mobile workforce management application empowers the field worker and expedites the job completion process from quote through payment.

As of December 31, 2014, the company had approximately 25,000 customers who collectively deployed their solutions in approximately 552,000 vehicles worldwide.

The substantial majority of their customers are small- and medium-sized businesses, or SMBs, each of which deploys these solutions in 500 or fewer vehicles.

A new launch extends Fleetmatics software platform to larger enterprises and is configurable to customers requiring integration capabilities with third-party workflow solutions.

In the company’s latest reported third quarter, sales increased approximately 22% to $73.5 million from $60.4 million in the third quarter of last year.

Fleetmatics reported earnings per share of $0.41 in the latest reported third quarter versus $0.29 in the same quarter of last year.

Clients of Oberweis Asset Management own approximately 8,800 shares. These shares may be appropriate for risk oriented investors.

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