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CalAmp Corp (CAMP.OQ)

CAMP.OQ on NASDAQ Stock Exchange Global Select Market

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18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

CalAmp names Kurtis Binder as CFO
Monday, 17 Jul 2017 04:05pm EDT 

July 17 (Reuters) - CalAmp Corp :CalAmp announces new chief financial officer.Executive Kurtis J. Binder as company's executive vice president and chief financial officer.Binder succeeds Rick Vitelle, whose planned retirement was announced on December 21, 2016.CalAmp Corp - Binder was most recently chief financial officer of Vizio Inc.  Full Article

Calamp says notified that Hong Kong International Arbitration Centre rendered decision in proceedings involving co's units
Wednesday, 7 Jun 2017 05:07pm EDT 

June 7 (Reuters) - Calamp Corp ::Calamp Corp - on june 2, notified that Hong Kong International Arbitration Centre rendered decision in proceedings involving co's units - sec filing.Calamp Corp - ‍on june 6, Lojack reached an agreement in principle with Eve Energy, its controlling shareholder eve holdings limited​ - sec filing​.Calamp Corp - agreement ‍to resolve damage award by payment to Lojack of approximately US$46 million​.Calamp Corp- Calamp has not yet determined income tax effects of settlement.Calamp Corp - ‍amounts to be realized by Lojack pursuant to settlement are expected to be material to Calamp s consolidated financial position​.  Full Article

Calamp, omega stipulated, subject to agreement of court, to supplemental damages of $4.9 mln
Friday, 26 May 2017 04:45pm EDT 

May 26 (Reuters) - Calamp Corp ::Calamp - co, omega stipulated, subject to agreement of court, to supplemental damages of $4.9 million for sales of products found to infringe omega's patents.Calamp - damages for infringement of omega's patents from feb 25, 2016 through April 5, plus ongoing royalty for sales of products deemed to infringe after April 5.Calamp - co is discontinuing products would be subject to royalty and therefore does not believe that any future royalty amounts will be material.Calamp Corp says as result of stipulation, co expects to record additional reserve of $5.3 million in its fiscal quarter ending may 31, 2017 - sec filing.Calamp Corp - reserve will not impact non-gaap earnings per share or adjusted EBITDA for fiscal quarter ending may 31, 2017.  Full Article

Lam Research reports qtrly shipments of $2.41 billion
Tuesday, 18 Apr 2017 04:28pm EDT 

April 18 (Reuters) - Lam Research Corp : :Qtrly shipments of $2.41 billion and revenue of $2.15 billion.Lam Research Corp qtrly diluted U.S. GAAP EPS $ 3.10.Lam Research Corp qtrly non-GAAP diluted EPS $ 2.80.Sees June 2017 quarter GAAP shipments of $2.5 billion plus/minus $100 million.Sees June 2017 quarter GAAP revenue of $2.3 billion plus/minus $100 million.Sees June 2017 quarter GAAP earnings per share of $2.73 plus/minus $0.12.Calamp Corp qtrly non GAAP revenue $ 2.15 billion versus $1.31 billion.  Full Article

CalAmp announces court ruling in Omega patent infringement case
Tuesday, 11 Apr 2017 04:30pm EDT 

CalAmp Corp : CalAmp announces court ruling in Omega patent infringement case . Says last week court entered judgment against calamp in patent infringement lawsuit filed in December 2013 . Says recorded a reserve of $2.9 million in February 2016 at time of jury verdict . CalAmp corp -recorded reserve of $6.0 million in its financial statements for year ended February 28, 2017 as a result of judge's award of trebled damages . CalAmp - on April 5, trial court judge awarded Omega trebled damages in aggregate amount of $8.9 million plus attorneys' fees in amount to be determined . CalAmp Corp - $6.0 million charge will impact fiscal 2017 GAAP-basis results of operations by $0.11 per diluted share .CalAmp Corp - $6.0 million charge will not impact fiscal 2017 non-GAAP earnings per share or adjusted EBITDA.  Full Article

CalAmp reports Q3 loss per share $0.04
Wednesday, 21 Dec 2016 04:05pm EST 

CalAmp Corp - : Sees Q4 2017 revenue $84 million to $89 million . Sees q4 2017 gaap earnings per share $0.05 to $0.09 . Q4 earnings per share view $0.27, revenue view $85.7 million -- Thomson Reuters I/B/E/S . Sees Q4 2017 non-gaap earnings per share $0.25 to $0.31 . CalAmp Corp sees Q4 2017 adjusted ebitda in range of $11 to $15 million . CalAmp reports fiscal 2017 third quarter financial results . Q3 revenue $83.4 million versus I/B/E/S view $83.9 million . Q3 adjusted non-gaap earnings per share $0.21 . Q3 gaap loss per share $0.04 .Q3 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.  Full Article

Calamp Q2 adj non-GAAP earnings per share $0.27
Thursday, 29 Sep 2016 04:05pm EDT 

Calamp Corp : Calamp reports fiscal 2017 second quarter financial results . Q2 GAAP earnings per share $0.01 . Q2 revenue $90.5 million versus I/B/E/S view $92.3 million . Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S . Q2 adjusted non-GAAP earnings per share $0.27 . Sees Q3 2017 revenue $81 million to $87 million . Sees Q3 2017 GAAP earnings per share in the range of loss of $0.02 to earnings of $0.02 . Sees Q3 2017 non-GAAP earnings per share $0.24 to $0.30 . Q3 earnings per share view $0.31, revenue view $95.0 million -- Thomson Reuters I/B/E/S ."Expects its core business to steadily strengthen through balance of this year, with momentum building into fiscal 2018".  Full Article

CalAmp Q1 GAAP loss per share $0.07
Tuesday, 28 Jun 2016 04:02pm EDT 

CalAmp Corp : "Remain cautious in very near term as macro conditions in North America have resulted in softer than expected demand from key customers" . CalAmp Corp says for Q2 of fiscal 2017 ending August 31, 2016 revenue in range of $90 million to $95 million . Expect second half of year to be stronger than first half, with consolidated revenue reaching a $100 million quarterly run rate later in year . Q2 outlook includes approximately $6 million of revenue and a modest positive contribution to profitability from our satellite segment . Q2 earnings per share view $0.28, revenue view $96.5 million -- Thomson Reuters I/B/E/S . Sees Q2 non-GAAP net income in range of $0.25 to $0.31 per diluted share . Sees Q2 2017 adjusted EBITDA in range of $12 to $16 million . CalAmp reports fiscal 2017 first quarter financial results . Q1 GAAP loss per share $0.07 . Q1 revenue $91.1 million versus I/B/E/S view $80.7 million . Q1 earnings per share view $0.21 -- Thomson Reuters I/B/E/S .Q1 adjusted non-GAAP earnings per share $0.30.  Full Article

Calamp announces $25 mln share repurchase plan
Tuesday, 28 Jun 2016 04:01pm EDT 

Calamp Corp : Calamp announces $25 million share repurchase plan .Expects to fund repurchases with cash on hand.  Full Article

CalAmp to acquire Lojack Corporation
Monday, 1 Feb 2016 04:01pm EST 

CalAmp Corp:To acquire Lojack Corporation.Says deal valued at about $134 million.Deal for $6.45 per share.Says transaction is expected to be highly accretive to calamp's earnings in the first 12 months following consummation.Says CalAmp will fund the acquisition with existing cash on hand.Says deal expected to be highly accretive to calamp's earnings in the first 12 months following consummation of the transaction.Transaction has been unanimously approved by both companies' boards of directors.  Full Article

BRIEF-CalAmp names Kurtis Binder as CFO

* Executive Kurtis J. Binder as company's executive vice president and chief financial officer