Calamp Corp. (CAMP) Reports In-Line Q1 EPS, Q2 EPS Guidance Matches Views

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CalAmp Reports Fiscal 2016 First Quarter Financial Results

June 30, 2015 4:01 PM EDT

OXNARD, CA -- (Marketwired) -- 06/30/15 -- CalAmp (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today reported results for its first quarter ended May 31, 2015. Highlights include:

Consolidated revenue up 11% year-over-year to $65.4 million Wireless Datacom revenue up 21% year-over-year to $57.8 million GAAP net income up 57% year-over-year to $0.11 per diluted share Adjusted Basis (non-GAAP) net income up 37% to $0.26 per diluted share Adjusted EBITDA margin of 16.3% compared to 12.9% in the first quarter last year Successfully completed a convertible debt offering with net proceeds of... More