Calamp Corp. (CAMP) Reports In-Line Q3 EPS, Still Not Providing Guidance

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CalAmp Reports Third Quarter Fiscal Year 2023 Financial Results

December 20, 2022 4:05 PM EST

Total consolidated revenue increases 8% sequentially to $78.9 million

Software and Subscription Services revenue increases 11% sequentially to $49.3 million

IRVINE, Calif., Dec. 20, 2022 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its third quarter of fiscal year 2023 ended November 30, 2022.

Revenue in the quarter exceeded the high-end of our expectations as increased supply allowed us to ship aged backlog to strategic customers, said Jeff Gardner,... More