CalAmp Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 20, 2025
EPS estimate -$0.82
EPS actual -
Revenue estimate -
Revenue actual -
Expected change +/- 6.63%
Q3 2024 Missed
-$24.19 (-2,160.75%)
Release date Oct 11, 2024
EPS estimate -$1.07
EPS actual -$24.19
EPS Surprise -2,160.75%
Revenue estimate 250K
Revenue actual -
Q2 2024 Beat
-$1.61 (21.08%)
Release date Jul 08, 2024
EPS estimate -$2.04
EPS actual -$1.61
EPS Surprise 21.08%
Revenue estimate 51.27M
Revenue actual -
Q1 2024
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.

Q1 2024
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%
Q2 2024 Beat
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%
Q3 2024 Missed
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%
Q4 2024 (Upcoming)
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.
Cost and Financing:
  • 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.
Long-Term Outlook:
  • 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.
Leadership Transition:
  • 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.
Key Takeaways for Investors:
  1. Revenue Declines: Watch for trends in TSP customer recovery and stabilization; this segment is crucial for overall performance.
  2. Cost Management: Strong emphasis on cost reduction should improve profitability moving forward.
  3. Product Innovation: Focus on new product capabilities and market segment alignment could drive higher average revenue per user (ARPU) and growth.
  4. Leadership Transition: The appointment of Chris Adams may influence strategic direction and execution.
  5. 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.

CalAmp Earnings History

Earnings Calendar

FAQ

When is the earnings report for CAMP?
CalAmp Corp (CAMP) has scheduled its earnings report for Feb 20, 2025 before the markets open.

What is the CAMP price-to-earnings (P/E) ratio?
CAMP P/E ratio as of Feb 13, 2025 (TTM) is -1.87.

What is the CAMP EPS forecast?
The forecasted EPS (Earnings Per Share) for CalAmp Corp (CAMP) for the first fiscal quarter 2024 is -$0.82.

What are CalAmp Corp's retained earnings?
On its balance sheet, CalAmp Corp reported retained earnings of $0 for the latest quarter ending Aug 29, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT CALAMP CORP
CalAmp
CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products. It provides CalAmp Telematics Cloud platform, such as cloud-based application enablement and telematics service plat...
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