CAMP - Earnings announcements

IRVINE, Calif., Jan. 09, 2024 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its third quarter of fiscal year 2024 ended November 30, 2023. Third Quarter Fiscal Year 2024 Financial Overview    Revenue was $53.6 million, representing a 13% decline QoQ and a 32% decline YoY driven primarily by softer demand in the TSP market segment.Gross margin was 33%, representing a decline of approximately 340 bps QoQ and 100 bps decline YoY as a result of a shift in product mix and a higher-than-normal reserve for excess and obsolete inventory.S&SS revenue was $34.5

IRVINE, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a leading telematics solution provider that helps organizations improve operational performance, today announced that it will release its fiscal 2024 third quarter financial results after market close on Tuesday, January 9, 2024. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on January 9, 2024, to discuss its financial results. The call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at CalAmp IR Web Site. Please go to the website at least 15 minutes early to register, download and install any necessary audio software. A repla

IRVINE, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping people and organizations improve operational performance with telematics solutions, today announced the closing of a $45 million strategic financing with Lynrock Lake Master Fund LP ("Lynrock") in the form of a term loan maturing in November 2027. Lynrock is an existing holder of a large majority of CalAmp's 2.00% Convertible Senior Notes maturing in August 2025 (the "Notes"). In connection with the execution of the term loan agreement, CalAmp is amending the Notes to add a security interest. "As a long-standing investor in CalAmp, we are pleased to provide the company with add

IRVINE, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its second quarter of fiscal year 2024 ended August 31, 2023.   Second Quarter Fiscal Year 2024 Financial Overview  Total revenue was $61.7 million in the quarter, representing a $9.2 million decline sequentially and an $11.1 million decline year over year. Gross margin in the quarter decreased 200 basis points sequentially and 370 basis points year over year to 36.2% as a result of lower volumes and shift in product mix driven by strong shipments to industrial customers.Softw

IRVINE, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a leading telematics solution provider that helps organizations improve operational performance, today announced that it will release its fiscal 2024 second quarter financial results after market close on Thursday, October 5, 2023. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on October 5, 2023, to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and install any necessary audio software.

Gross Margin increases 280 basis points and Adjusted EBITDA remained strong in the quarter at $6.0 million The Company's Board of Directors has decided to explore strategic alternatives IRVINE, Calif., July 10, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its first quarter of fiscal year 2024 ended May 31, 2023. First Quarter Fiscal Year 2024 Financial Overview Total revenue was $70.9 million in the quarter, a $7.6 million decline sequentially and $6.2 million increase year over year.Software and Subscription Services (

IRVINE, Calif., June 26, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a leading telematics solution provider that helps organizations improve operational performance, today announced that it will release its fiscal 2024 first quarter financial results after market close on Monday, July 10, 2023. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on July 10, 2023 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and install any necessary audio software. A replay

IRVINE, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its fourth quarter and fiscal year 2023 ended February 28, 2023. "Fourth quarter results were highlighted by a significant increase in Adjusted EBITDA driven by a combination of gross margin increases and expense management," said Jeff Gardner, CalAmp's president and CEO. "The Company significantly reduced expenses through a restructuring late in Q4 to align the organization to a recurring revenue business model. As we enter this next fiscal year, our primary objective is to in

IRVINE, Calif., April 13, 2023 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a leading telematics solution provider that helps people and organizations improve operational performance, today announced that it will release its fiscal 2023 fourth quarter and full year financial results after market close on Thursday, April 27, 2023. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on April 27, 2023 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and install any nec

Total consolidated revenue increases 8% sequentially to $78.9 million Software and Subscription Services revenue increases 11% sequentially to $49.3 million IRVINE, Calif., Dec. 20, 2022 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its third quarter of fiscal year 2023 ended November 30, 2022. "Revenue in the quarter exceeded the high-end of our expectations as increased supply allowed us to ship aged backlog to strategic customers," said Jeff Gardner, CalAmp's President and CEO. "This increased supply included devices incorporating components

IRVINE, Calif., Dec. 06, 2022 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps people and organizations improve operational performance, today announced that it will release its fiscal 2023 third quarter financial results after the market close on Tuesday, December 20, 2022. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on December 20, 2022 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and install any necessary audio

Software and Subscription Services revenue increases 13% sequentially to $44.5 million and 61% of total revenue Total consolidated revenue also increases 13% sequentially to $72.8 million as backlog remains solid IRVINE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its second quarter of fiscal year 2023 ended August 31, 2022. "Consolidated revenue exceeded our expectations for mid to high single digit sequential growth, driven largely by Software and Subscription Services revenue that was 61% of total revenue," said Jeff Gardne

IRVINE, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today announced that it will release its fiscal 2023 second quarter financial results after the market close on Thursday, September 22, 2022. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on September 22, 2022 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and install any necessar

Software and Subscription Services revenue increases 13% year-over-year to $40 million, representing 61% of total revenue Remaining Performance Obligations (RPO) increase 57% year-over-year and 7% sequentially to $215 million IRVINE, Calif., June 23, 2022 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today reported financial results for its first quarter of fiscal year 2023 ended May 31, 2022. "We have successfully converted more than one-third of our total installed base of eligible telematics customers to recurring software contracts t

IRVINE, Calif., June 09, 2022 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today announced that it will release its fiscal 2023 first quarter financial results after the market close on Thursday, June 23, 2022. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on June 23, 2022 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download and

Fourth Quarter Software and Subscription Services revenue increases 19% year-over-year to $41 million, representing a record 60% of total revenue Remaining Performance Obligations (RPO) increase 47% year-over-year to $200 million at year-end IRVINE, Calif., April 28, 2022 (GLOBE NEWSWIRE) --  CalAmp (NASDAQ:CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today reported financial results for its fourth quarter and fiscal year 2022 ended February 28, 2022. "Our Software and Subscription Services revenue increased 13% sequentially and 19% over the prior year period, reflecting our ongoing succe

IRVINE, Calif., April 14, 2022 (GLOBE NEWSWIRE) -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today announced that it will release its fiscal 2022 fourth quarter and full year financial results after the market close on Thursday, April 28, 2022. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on April 28, 2022 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early

IRVINE, Calif., Dec. 21, 2021 /PRNewswire/ -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today reported financial results for its third quarter of fiscal year 2022 ended November 30, 2021. "As indicated in the business update announcement last month, the ongoing global component shortages have been more pronounced than expected, causing a significant reduction in our shipments during the quarter," said Jeff Gardner, CalAmp's president and CEO. "We are working closely with our suppliers to source the needed parts, qualify additional components and even redesign certain de

IRVINE, Calif., Dec. 7, 2021 /PRNewswire/ -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today announced that it will release its fiscal 2022 third quarter financial results after the market close on Tuesday, December 21, 2021. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on December 21, 2021 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, download

IRVINE, Calif., Nov. 12, 2021 /PRNewswire/ -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today provided a business update and outlook on supply chain constraints as well as the Company's progress transitioning telematics device customers to software subscription-based contracts. Jeff Gardner, CalAmp's president and chief executive officer, commented, "During our last quarter conference call on September 23, 2021, we indicated that we expected to ship approximately 20% more devices in the back half of our fiscal year than in the first half based on anticipated allocati

IRVINE, Calif., Nov. 2, 2021 /PRNewswire/ -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today announced that management will participate at the following virtual conferences: Craig-Hallum 12th Annual Alpha Select ConferenceParticipation Date: Tuesday, November 16, 2021Format: 1x1 conference calls with management throughout the day ROTH 10th Annual Technology EventParticipation Date: Thursday, November 18, 2021Format: 1x1 conference calls with management throughout the day Portfolio managers and analysts can request a conference call with CalAmp management by contacting th

IRVINE, Calif., Sept. 23, 2021 /PRNewswire/ -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today reported financial results for its second quarter of fiscal year 2022 ended August 31, 2021. "We achieved another quarter of solid revenue growth in our Software and Subscription Services business, which also contributed to an increase in our consolidated gross margin," commented Jeff Gardner, CalAmp's president and chief executive officer. "Key to this performance was the initial conversion of a few strategic customers to our new CTC platform as well as the fulfillment o

IRVINE, Calif., Sept. 9, 2021 /PRNewswire/ -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today announced that it will release its fiscal 2022 second quarter financial results after the market close on Thursday, September 23, 2021. In addition, the Company will host a conference call at 5:00 p.m. Eastern (2:00 p.m. Pacific) on September 23, 2021 to discuss its financial results. The conference call may be accessed via webcast by visiting the Investor Relations section of CalAmp's website at www.calamp.com. Please go to the website at least 15 minutes early to register, dow

IRVINE, Calif., July 27, 2021 /PRNewswire/ -- CalAmp (NASDAQ:CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today announced that management will participate at the following virtual conferences: Oppenheimer Technology, Internet & Communications ConferenceParticipation Date: Tuesday, August 10, 2021Format: 1x1 conference calls with management throughout the day Canaccord Genuity Annual Growth ConferenceParticipation Date: Thursday, August 12, 2021Format: Fireside Chat at 7:30 a.m. PT and 1x1 conference calls with management throughout the dayWebcast: The live and archived webcast of manageme