CalAmp Corp Stock Earnings Reports
CalAmp Earnings Calls
Release date | Feb 20, 2025 |
EPS estimate | -$0.82 |
EPS actual | - |
Revenue estimate | - |
Revenue actual | - |
Expected change | +/- 6.63% |
Release date | Oct 11, 2024 |
EPS estimate | -$1.07 |
EPS actual | -$24.19 |
EPS Surprise | -2,160.75% |
Revenue estimate | 250K |
Revenue actual | - |
Release date | Jul 08, 2024 |
EPS estimate | -$2.04 |
EPS actual | -$1.61 |
EPS Surprise | 21.08% |
Revenue estimate | 51.27M |
Revenue actual | - |
Release date | May 23, 2024 |
EPS estimate | -$2.04 |
EPS actual | - |
Revenue estimate | 51.27M |
Revenue actual | - |
Last 4 Quarters for CalAmp
Below you can see how CAMP performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | May 23, 2024 |
Fiscal end date | Mar 01, 2024 |
Price on release | $3.27 |
EPS estimate | -$2.04 |
EPS actual | - |
Date | Price |
---|---|
May 17, 2024 | $3.77 |
May 20, 2024 | $3.68 |
May 21, 2024 | $3.72 |
May 22, 2024 | $3.85 |
May 23, 2024 | $3.27 |
May 24, 2024 | $3.37 |
May 28, 2024 | $3.35 |
May 29, 2024 | $3.09 |
May 30, 2024 | $3.31 |
4 days before | -13.26% |
4 days after | 1.22% |
On release day | 3.05% |
Change in period | -12.20% |
Release date | Jul 08, 2024 |
Fiscal end date | May 29, 2024 |
Price on release | $0.400 |
EPS estimate | -$2.04 |
EPS actual | -$1.61 |
EPS surprise | 21.08% |
Date | Price |
---|---|
Jul 01, 2024 | $0.400 |
Jul 02, 2024 | $0.400 |
Jul 03, 2024 | $0.400 |
Jul 05, 2024 | $0.400 |
Jul 08, 2024 | $0.400 |
Jul 09, 2024 | $0.400 |
Jul 10, 2024 | $0.400 |
Jul 11, 2024 | $0.400 |
Jul 12, 2024 | $0.400 |
4 days before | 0% |
4 days after | 0% |
On release day | 0% |
Change in period | 0% |
Release date | Oct 11, 2024 |
Fiscal end date | Aug 29, 2024 |
Price on release | $0.400 |
EPS estimate | -$1.07 |
EPS actual | -$24.19 |
EPS surprise | -2,160.75% |
Date | Price |
---|---|
Sep 04, 2024 | $0.400 |
Sep 05, 2024 | $0.400 |
Sep 06, 2024 | $0.400 |
Sep 09, 2024 | $0.400 |
Sep 10, 2024 | $0.400 |
Oct 14, 2024 | $9.75 |
Oct 15, 2024 | $10.75 |
Oct 16, 2024 | $10.92 |
Oct 17, 2024 | $10.86 |
4 days before | 0% |
4 days after | 2,615.00% |
On release day | 2,337.50% |
Change in period | 2,615.00% |
Release date | Feb 20, 2025 |
Fiscal end date | Nov 30, 2024 |
Price on release | - |
EPS estimate | -$0.82 |
EPS actual | - |
Date | Price |
---|---|
Feb 07, 2025 | $4.36 |
Feb 10, 2025 | $4.51 |
Feb 11, 2025 | $4.56 |
Feb 12, 2025 | $4.47 |
Feb 13, 2025 | $4.52 |
CalAmp Earnings Call Transcript Summary of Q3 2024
CalAmp Corp.
This was primarily due to decreased sales to Telematics Service Provider (TSP) customers, offset by strong performances in industrial and international connected car segments.
Adjusted EBITDA:The company generated $1 million in adjusted EBITDA, which was lower than expected due to reduced revenue and gross margin. Non-GAAP operating expenses decreased sequentially due to previous cost reduction initiatives.
Operational Highlights:- TSP Customer Segment: There has been soft demand attributed to post-COVID supply chain corrections and a competitive environment. However, CalAmp expects stabilization and potential growth in this segment, supported by a completed migration from a legacy device management system to a more efficient successor system (DMCTC).
- Product Developments:
- Launch of the upgraded AI dash cam solution, Vision 2.1, which integrates telematics functionalities.
- Strong performance in the industrial segment and positive traction with OEMs utilizing CalAmp's edge software platform, EdgeCore.
- Achievements in the connected car sector, including certification from Toyota for streamlined installation, and an endorsement from Jaguar Land Rover for its Stolen Vehicle Recovery system.
- CalAmp implemented significant cost reduction initiatives targeting $16 million in annualized savings, enhancing operating leverage and profitability potential. The majority of savings will come from operating expenses and capital expenditures, expected to be fully realized by the end of FY '25.
- A $45 million term loan was secured from Lynrock Lake Master Fund, which will replace a previous line of credit and provide additional financial flexibility for strategic initiatives.
- The company anticipates recovery in the TSP business in Q4, potentially stabilizing overall revenue, although a slight decrease is expected from the industrial segment.
- There are expectations for adjusted EBITDA to remain stable relative to Q3 FY '24.
- Chris Adams will join as the new President and CEO on January 22, 2024. Jason Cohenour will remain as Interim CEO until the transition and then return to his role as Independent Director.
- Revenue Declines: Watch for trends in TSP customer recovery and stabilization; this segment is crucial for overall performance.
- Cost Management: Strong emphasis on cost reduction should improve profitability moving forward.
- Product Innovation: Focus on new product capabilities and market segment alignment could drive higher average revenue per user (ARPU) and growth.
- Leadership Transition: The appointment of Chris Adams may influence strategic direction and execution.
- Financial Flexibility: The recent loan acquisition increases liquidity, aiding efforts around debt maturities in the next few years.
Investors should monitor how these factors evolve as CalAmp navigates current market conditions and implements its strategic initiatives.