$CAMP (CalAmp Corp.)

$CAMP {{ '2016-06-29T06:29:22+0000' | timeago}} • Webcast

$CAMP's 1Q17 GAAP effective tax rate was 32% versus 37% in 1Q16. For FY17, company expects GAAP tax rate to be about 34%. For remainder of FY17, R&D and sales and marketing expenses as a percent of sales are expected to remain close to 1Q17 amounts, while G&A as a percent of sales is expected to be somewhat lower.

$CAMP {{ '2017-07-17T20:59:08+0000' | timeago}} • Announcement

Ushering in a change of guard, wireless solutions provider $CAMP appointed Kurtis Binder as its CFO with immediate effect. He will be reporting to the company’s CEO Michael Burdiek. Binder succeeds Rick Vitelle, whose retirement was announced on Dec 21, 2016.

$CAMP {{ '2017-06-27T21:43:04+0000' | timeago}} • Webcast

Across all of the SaaS and recurring service platforms, $CAMP had about 653,000 unique subscribers at the end of 1Q18. This compares with around 628,000 at the end of the immediately preceding quarter. and 589,000 unique subscribers at the end of the prior year quarter.

$CAMP {{ '2017-06-27T21:23:13+0000' | timeago}} • Webcast

As $CAMP reported 1Q18 results, it said that $CAT accounted for nearly $10MM in CalAmp's revenues. This was around 12% higher than the comparable quarter last year. CalAmp expects current year revenues with Catterpillar to grow in the range of 10-20% over last year.

$CAMP {{ '2017-06-27T21:01:33+0000' | timeago}} • Announcement

$CAMP said it expects revenues in the range of $86-91MM in 2Q18. CalAmp forecasts GAAP earnings of $0.32-0.38 per share and non-GAAP earnings of $0.23-0.29 per share. Adjusted EBITDA is projected to be in the $10.5-13.5MM range.

$CAMP {{ '2017-06-27T20:59:18+0000' | timeago}} • Announcement

Communications company $CAMP reported a net loss of $2.65MM or $0.08 per share in 1Q18, compared to a loss of $2.66MM or $0.07 per share last year. The loss reflects the impact of litigation charges. On a non-GAAP basis, the company posted earnings of $0.29 per share, compared to $0.30 per share in 1Q17. Revenues dropped 3% to $88.1MM in 1Q18.

$CAMP {{ '2017-04-18T21:27:31+0000' | timeago}} • Announcement

In 1Q18, $CAMP expects consolidated revenue in the range of $84-90MM. GAAP net income is expected between $0.01 and $0.09 per share, and non-GAAP net income is predicted in the range of $0.24-0.32 per share. $CAMP sees adjusted EBITDA in the range of $11-14MM.

$CAMP {{ '2017-04-18T21:23:23+0000' | timeago}} • Announcement

During fiscal 2017, $CAMP purchased and retired 1.8MM shares of its common stock at an aggregate cost of $25MM, pursuant to a stock repurchase plan adopted in June 2016.  Of these amounts, 0.2MM shares were purchased in 4Q17 at an aggregate cost of $3.1MM.

$CAMP {{ '2017-04-18T21:17:12+0000' | timeago}} • Announcement

$CAMP's adjusted EBITDA for 4Q17 was $12.8MM, compared to $13.7MM in the year-ago quarter. Net earnings in a non-GAAP basis were $9.9MM, or $0.28 per share, compared to $11.7MM, or $0.32 per share, in 4Q16.

$CAMP {{ '2017-04-18T21:09:51+0000' | timeago}} • Announcement

$CAMP, a provider of IoT solutions, swung to a loss in 4Q17, despite posting a revenue jump of 22% to $86.1MM. Hurt by higher expenses and a $6MM pre-tax charge relating to the recent Omega patent infringement case, $CAMP slipped to a net loss of $3.5MM, or $0.10 per share, compared to net income of $5.5MM, or $0.15 per share, in 4Q16.

$CAMP {{ '2017-01-17T17:40:46+0000' | timeago}} • Announcement

$CAMP said it will leverage its acquisition of LoJack to enter the cold chain and supply chain visibility markets with CalAmp Supply Chain Integrity (SCI). SCI is an enterprise visibility solution for multinational firms to secure goods in transit, improve supply chain performance and help meet regulatory compliance.

$CAMP {{ '2016-12-22T12:14:26+0000' | timeago}} • Webcast

$CAMP's net subscribers for range of fleet SaaS application rose by more than 4,000. The company had approx. 621,000 unique subscribers across all of its SaaS and recurring service platforms at the end of 3Q17. Caterpillar sales was in line with expectations with shipments of $6.2MM, up about $300,000 sequentially.

$CAMP {{ '2016-12-22T12:09:30+0000' | timeago}} • Webcast

$CAMP's Telematics Systems revenue was $55.3MM, of which 57% represents sales of MRM products, and the remainder represents the contribution of LoJack's SBR products business. Network and OEM product revenue was $12.2MM and MRM product sales in Europe grew 60%, contributing to the strong international revenue growth.

$CAMP {{ '2016-12-22T12:07:07+0000' | timeago}} • Webcast

$CAMP's Software and Subscription Services revenue grew 6% sequentially, driven by solid fleet subscriber growth and outstanding performance from LoJack Italy. The LoJack Italian licensee grew more than 60% from a year ago and is expected to maintain momentum into FY18.

$CAMP {{ '2016-12-22T12:02:58+0000' | timeago}} • Webcast

$CAMP informed the availability of the MDT-7P, its second generation Android-based ruggedized mobile data terminal designed to integrate with its family of telematics devices and application services. The MDT-7P is directed at in-cab fleet application like data logging for hours and service.

$CAMP {{ '2016-12-22T11:58:50+0000' | timeago}} • Webcast

$CAMP said its MRM telematics product sales reached the highest level by growing 7% sequentially, with telematics device sales for fleet and connected car applications reaching an all-time high. The company sense increasing optimism among its US customer base.

$CAMP {{ '2016-12-21T22:16:28+0000' | timeago}} • Announcement

For 4Q17, $CAMP expects revenue to be in the range of $84-89MM. Net income is expected to be in the range of $0.05-0.09 per diluted share on a GAAP basis and $0.25-0.31 per diluted share on a non-GAAP basis.

$CAMP {{ '2016-12-21T22:12:02+0000' | timeago}} • Announcement

$CAMP reported a net loss of $1.53MM, or $0.04 per diluted share, in 3Q17, compared with net income of $3.8MM, or $0.11 per diluted share, in same period a year ago. On adjusted basis, the company earned $0.21 per share, which is down 32% YoverY. Revenue grew 11.6% to $83.3MM.

$CAMP {{ '2016-12-21T21:57:53+0000' | timeago}} • Announcement

$CAMP announced that its EVP, CFO and Corporate Secretary, Rick Vitelle, plans to retire from the company. Vitelle will remain as CFO until his successor is found. $CAMP has initiated a comprehensive search to identify Vitelle's successor, and once a CFO is found, Rick Vitelle will remain with the company during a transition period.

$CAMP {{ '2016-12-15T18:53:30+0000' | timeago}} • Announcement

$CAMP entered into a development agreement with Cityworks to streamline public works operations for the City of Ann Arbor, Michigan. Pursuant to the agreement, $CAMP integrated its GovOutlook Esri GIS-based AVL system with Cityworks GIS-centric asset management solution to enable quicker work order processing and improve communication.

$CAMP {{ '2016-09-29T21:14:08+0000' | timeago}} • Webcast

$CAMP said that in 2Q17, the company had total cash and marketable securities of $117MM and total outstanding debt of $143MM. Consolidated effective tax rate, on a GAAP basis, was 15% in 1H17, down from 37% in 1H16, as a substantial portion of $CAMP's pre-tax income is taxed in international jurisdictions with lower rates.

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