CalAmp Reports Fiscal 2020 Second Quarter Financial Results
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Calamp Corp. (CAMP) Tops Q2 EPS by 3c, Revenues Beat; Offers Q3 EPS Guidance Below Consensus
September 26, 2019 4:08 PM EDTCalamp Corp. (NASDAQ: CAMP) reported Q2 EPS of $0.14, $0.03 better than the analyst estimate of $0.11. Revenue for the quarter came in at $93.2 million versus the consensus estimate of $91.55 million.
Consolidated revenue for the second quarter was $93.2 million, up 5% sequentially due to increased subscription revenue and down 3% year-over-year due to a decline in Telematics Systems product sales.Software and Subscriptions Services revenue for the second quarter increased 65% year-over-year to $31.2 million, or 33% of consolidated revenue, driven by recent acquisitions coupled with LoJack® subscription services.Telematics Systems revenue for the... More