CalAmp Reports Fiscal 2021 First Quarter Financial Results
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Calamp Corp. (CAMP) Tops Q1 EPS by 7c, Revenues Beat
June 25, 2020 4:07 PM EDTCalamp Corp. (NASDAQ: CAMP) reported Q1 EPS of $0.02, $0.07 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $80.2 million versus the consensus estimate of $75.29 million.
First Quarter Fiscal Year 2021 Financial Overview
Consolidated revenue was $80.2 million, down 10% year-over-year due to a decline in Telematics Systems revenue largely attributable to the COVID-19 impact on LoJack U.S. SVR (Stolen Vehicle Recovery) product sales.Software & Subscription Services revenue was $28.0 million, up 10% year-over-year, and 35% of consolidated revenue.LoJack U.S. SVR products revenue was $6.6 million and is now being presented as a... More