Calamp Corp. (CAMP) Misses Q4 EPS by 18c

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Go back to Calamp Corp. (CAMP) Misses Q4 EPS by 18c

CalAmp Reports Fourth Quarter and Fiscal Year 2022 Financial Results

April 28, 2022 4:05 PM EDT

Fourth Quarter Software and Subscription Services revenue increases 19% year-over-year to $41 million, representing a record 60% of total revenue

Remaining Performance Obligations (RPO) increase 47% year-over-year to $200 million at year-end

IRVINE, Calif., April 28, 2022 (GLOBE NEWSWIRE) --  CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today reported financial results for its fourth quarter and fiscal year 2022 ended February 28, 2022.

Our Software and Subscription Services revenue increased 13% sequentially and 19% over the prior year period,... More