Canaccord Genuity Reiterates Buy on Calamp Corp. (CAMP) Following 3Q Beat
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CalAmp Reports Record Fiscal 2016 Third Quarter Financial Results
December 22, 2015 4:01 PM ESTOXNARD, CA -- (Marketwired) -- 12/22/15 -- CalAmp (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today reported results for its third quarter ended November 30, 2015. Highlights include:
Consolidated revenue up 18% year-over-year to a record $74.7 million Wireless Datacom revenue up 15% year-over-year to a record $62.8 million Adjusted EBITDA up 29% year-over-year to a record $12.8 million Adjusted Basis (non-GAAP) net income up 24% with diluted non-GAAP EPS of $0.31 Operating cash flow of $9.1 million compared to $5.4 million in the third quarter last year Total cash and marketable securities balance at... More