CalAmp Corp. (NASDAQ:CAMP) Q2 2021 Earnings Conference Call - Final Transcript

Sep 24, 2020 • 04:30 pm ET

Previous

CalAmp Corp. (NASDAQ:CAMP) Q2 2021 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Q & A
Analyst
Paul Coster

of out there, but I'm sure like everyone, you're seeing this massive amount of innovation in the commercial vehicle space with what looked like a slew of new electric vehicles, primarily coming to market and about two years from now, I'd say that seems to be the surge and they are picking off specific niches, many of the business models assume some kind of relationships with the end customer rather than just a straightforward style. And I'm just wondering, is this an opportunity? Are you seeing designing opportunities coming your way? I mean to an extent, this is an opportunity or a threat?

Executive
Jeff Gardner

Yeah, I think it's going to be a big opportunity. It's early days for that, so in terms of the opportunity for near term, but I mean the information that is needed by the customer and fleet managers as it relates to electric vehicles is slightly different, but not much of it's the same. And so our engineering team is trying to stay ahead of that and work on a solution so that when that market gets traction, we'll be a player there. As you know, our business is tracking, monitoring, recovering mobile assets, whether they are powered by a motor or by electric battery.

Analyst
Paul Coster

Sure. Okay, all right. Thanks so much.

Executive
Jeff Gardner

Thank you.

Executive
Kurt Binder

Thank you.

Operator
Operator

This concludes the Q&A period. I'll now turn it back over to Jeff Gardner for any closing remarks.

Executive
Jeff Gardner

Great, thank you. Thank you all for joining us on the call today and for your continued interest in CalAmp. On a final note, for those of you who would like to schedule an introductory call or an update meeting with us, please contact the Shelton Group. I look forward to discussing our continued progress during our fiscal third quarter call scheduled for late December just prior to Christmas. Operator, you may now disconnect the call.

Operator
Operator

[Operator Closing Remarks]