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

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