MARKET COMPOSITE
CAMP - Calamp Corp.7:59:48 PM 3/28/2024
Price
$3.26
-0.08 (-2.40%)
CalAmp is an Irvine, California-based provider of Internet of things software applications, cloud services, data intelligence and telematics products and services. The company's technology includes edge computing devices and SaaS-based applications for remotely tracking and managing vehicles, drivers, cargo and other mobile assets. The company also owns the LoJack Stolen Vehicle Recovery System and provides connected car and lot management products. CalAmp was founded as California Amplifier Inc. in Newbury Park, California in 1981, by Jacob Inbar and David Nichols, who worked together at a microwave division of Eaton Corporation. The company originally made amplifiers and other equipment used to transmit microwave signals for satellite video and broadband communications. The company began trading on NASDAQ in 1983.
Financials
Quarterly financials
(USD)Nov 2023Q/Q
Revenue53.6MM-24%
Gross Profit17.6MM-35%
Cost Of Revenue36.1MM-18%
Operating Income-83.4MM-
Operating Expenses101MM-
Net Income-85MM-
R&D4.1MM-31%
G&A10.1MM-11%
Marketing8.9MM-19%
Amortization1.1MM-9%
Interest Expense1.4MM-16%
Stock Chart

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Stock news

    IRVINE, Calif., Feb. 27, 2024 (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 on February 5, 2024, the Human Capital Committee of CalAmp’s Board of Directors granted inducement restricted and performance stock unit awards covering 65,218 shares of CalAmp common stock to its Chief Executive Officer. The awards were granted under CalAmp’s 2023 Em

    CalAmp Corp. (NASDAQ:CAMP) Q3 2024 Earnings Call Transcript January 9, 2024 CalAmp Corp. misses on earnings expectations. Reported EPS is $-0.12 EPS, expectations were $-0.1. CAMP isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and thank you for […]

    Q3 2024 CalAmp Corp Earnings Call01-10-2024 12:10:39 PM

    Q3 2024 CalAmp Corp Earnings Call

    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%, representi

    Company hires technology veteran to accelerate its transformation and drive profitable growthIRVINE, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance with telematics solutions, is pleased to announce that Chris Adams will be joining the company as President and Chief Executive Officer (CEO), effective January 22, 2024. Adams is an accomplished technology leader who brings a wealth of

    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 company reports closing a $45 million term loan in support of its business transformationIRVINE, 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 majo

    Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund delivered a return of -5.77% net of fees (-5.57% gross of fees), trailing the Russell 2000 Index’s -5.13% total return. Both security selection and […]

    IRVINE, Calif., Oct. 06, 2023 (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 on October 5, 2023, the Human Capital Committee of CalAmp’s Board of Directors granted inducement restricted stock unit awards covering 252,240 shares of CalAmp common stock to four new non-executive employees. The awards were granted under CalAmp’s 2023 Employment In

    CalAmp Corp. (NASDAQ:CAMP) Q2 2024 Earnings Call Transcript October 5, 2023 CalAmp Corp. misses on earnings expectations. Reported EPS is $-0.01 EPS, expectations were $0.02. Operator: Welcome to CalAmp’s Second Quarter 2024 Financial Results Conference Call. My name is Cole, and I’ll be the moderator for today’s call. All lines will be muted during the […]