Key Developments For CalAmp Corp.
CalAmp Corp. (CAMP.O) (Nasdaq)
CalAmp Corp. Comments On FY 2010 Revenue Outlook-Conference Call
CalAmp Corp. announced that it expects fiscal 2010 to be an up year for revenue after two substantial down years. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $111 million for fiscal 2010.
CalAmp Corp. Issues Q3 2010 Guidance In Line With Analysts' Estimates; Issues Q4 2010 Guidance; Revenues Guidance Above Analysts' Estimates
CalAmp Corp. announced that for the third quarter of 2010, it expect consolidated revenues increase significantly on a sequential quarter basis and be in the range of $29 to $32 million, with a GAAP basis net loss in the range of $0.03 to $0.07 per diluted share. The Adjusted Basis (non-GAAP) results of operations for the third quarter, which exclude changes in the valuation allowance for U.S. deferred tax assets, intangibles amortization expense net of tax and stock-based compensation expense net of tax, are expected to be in the range of $0.04 net loss to breakeven. With the increased demand and strong operating momentum the Company expect further growth in the 2010 fourth quarter with consolidated revenues in the $34 to $38 million range and GAAP-basis profitability. According to Reuters Estimates, analysts were expecting the Company to report revenues of $31 million and EPS of $0.00 for the third quarter of 2010 and revenues of $32 million and EPS of $0.03 for the fourth quarter of 2010.
CalAmp Corp. And Elster Announces Partnership For Wireless Smart Grid Solutions
CalAmp Corp. announced a partnership with Elster to provide a customized WiMAX based version of CalAmp's Dataradio Sentry 4G Wireless IP Router. This new rugged broadband communications and networking platform has been developed for mobile/converged networks for smart grid applications as part of Elster's EnergyAxis System's smart metering and smart grid offerings.
CalAmp Corp. Introduces New Galaxy 900
CalAmp Corp. announced that it has introduced its new Galaxy 900 point-to-point digital access radio system, which provides wireless transmission of voice and broadband data traffic over long distances for backhaul applications in the public safety, industrial and utility markets.
CalAmp Corp. Issues Q2 2010 Outlook; Comments On H2 2010 Outlook
CalAmp Corp. announced that for the second quarter of 2010, it expects consolidated revenues to show a sequential increase and be in the range of $23 to $25 million, with a GAAP basis net loss in the range of $0.06 to $0.10 per diluted share. The Adjusted Basis (non-GAAP) results of operations for the second quarter, which exclude changes in the valuation allowance for U.S. deferred tax assets, intangibles amortization expense net of tax and stock-based compensation expense net of tax, are expected to be a net loss of $0.02 to $0.06 per diluted share. The Company now expect that CalAmp will be profitable on a GAAP basis in the second half of 2010 with quarterly revenues in the range of $26 to $32 million.
