calamp corp (CAMP) Details
CalAmp Corp. develops and markets wireless communications solutions that deliver data, voice, and video for critical networked communication and other applications primarily in the United States. The company’s Wireless DataCom segment offers wireless technologies, products, and services for industrial machine-to-machine (M2M) and mobile resource management (MRM) markets for a range of applications. It designs and provides solutions involving various combinations of private and public networks, narrowband and broadband frequencies, licensed and unlicensed radio spectrum, and mobile and fixed-remote communications. This segment also designs and builds multi-network wireless systems that permit first-responder fire, police, and emergency medical services personnel to access data and communicate remotely with colleagues, dispatchers, and back-office databases; and provides various MRM wireless solutions comprising global positioning system location, cellular data modems, and programmable events-based notification firmware as main components that allow customers to know where and how their assets are performing. It sells its products and services for enterprise, utility, and government customers through direct and indirect sales channels. The company’s Satellite segment develops, manufactures and sells direct broadcast satellite (DBS) outdoor customer premise equipment and home video networking devices for digital and high definition satellite television reception. Its DBS reception products receive subscription television programming signals transmitted from orbiting satellites. This segment’s DBS reception products consist principally of outdoor electronics that receive, process, amplify, and switch satellite television signals for distribution over coaxial cable to multiple set-top boxes inside the home. CalAmp Corp. was founded in 1981 and is headquartered in Oxnard, California.
Last Reported Date: 04/25/13
Founded in 1981
calamp corp (CAMP) Top Compensated Officers
Chief Executive Officer, President and Direct...
Total Annual Compensation: $379.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $290.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $235.0K
Compensation as of Fiscal Year 2012.
CalAmp Introduces New Location-Messaging Unit for Automotive Insurance, Fleet and Driver Behavior Applications
May 21 13
CalAmp Corp. showcased a new location-and-messaging device for automobiles and light trucks at CTIA Wireless Conference and Exhibition. The affordable and versatile LMU-3030, featuring cellular data communications capability and high-sensitivity GPS for precision location-based services and tracking, will enable wide-scale consumer deployment for a variety of automotive applications including insurance, fleet management and driver behavior management. The LMU-3030 is an economical, full-featured vehicle monitoring product designed for easy and reliable installation in passenger or light-duty vehicles. CalAmp's new LMU-3030 features HSPA, CDMA and GPRS connectivity options for robust mobile communications and sensitive three-axis 16G accelerometers optimized for detecting aggressive driving maneuvers such as harsh acceleration, braking and cornering, as well as high-impact events. With its highly sensitive internal antennas and small footprint (1.7"x2.5"x1"), along with optional features like a backup battery and Bluetooth personal area networking, the LMU-3030 can be quickly and reliably installed. The LMU-3030 dramatically reduces cost, power and size while significantly improving field reliability -- all of which are expected to propel wide-scale deployment in commercial and consumer vehicles. Commercial shipments of the LMU-3030 are scheduled to begin in July, initially with insurance programs in North America and Europe.
CalAmp Corp. Announces New CalAmp ATU-620
May 15 13
CalAmp Corp. announced a new wireless device designed specifically for tracking high-value shipments and assets. Targeting supply chain logistics and specialty transportation markets, the new CalAmp ATU-620 provides an extra measure of security and protection for valuable remote assets and premium goods in transit. CalAmp's new ATU-620 combines enhanced battery management technology with precision Global Positioning System (GPS) satellite tracking and superior cellular-based wireless communications for extended monitoring of mobile goods and remote assets. Featuring highly sensitive embedded GPS and cellular antennas with a sealed and rugged IP67-rated enclosure, the ATU-620 is designed to perform in the harshest outdoor environments. The ATU-620 will operate for up to one year with one daily message on just six field replaceable AA batteries. The new asset tracker employs CalAmp's pioneering programmable event generator (PEG) and programming-update-logistics system (PULS) that enable extensive customization and over-the-air provisioning and firmware updating. Commercial shipments of the new ATU-620 will begin in late spring 2013.
CalAmp Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2013; Provides Earnings Guidance for the First Quarter of Fiscal 2013
Apr 25 13
CalAmp Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended February 28, 2013. Total revenue for the fiscal 2013 fourth quarter was $48.4 million compared to $37.6 million for the fourth quarter of fiscal 2012, an increase of 29%. Consolidated gross profit for the fiscal 2013 fourth quarter was $15.1 million, an increase of $4.5 million over the same quarter last year that was primarily driven by higher revenue. GAAP-basis net income for the fiscal 2013 fourth quarter was $32.6 million, or $1.06 per diluted share compared with $1.642 million or $0.06 per diluted share a year ago. During the fourth quarter of fiscal 2013, the Company recognized an income tax benefit of $29.2 million as a result of eliminating the deferred tax asset valuation allowance associated with net operating loss and tax credit carryforwards that are expected to be utilized in future years. Excluding this income tax benefit, net income in the fourth quarter would have been $3.4 million or $0.11 per diluted share, compared to net income of $1.6 million, or $0.06 per diluted share, in the fourth quarter of last year. Non-GAAP net income for the fiscal 2013 fourth quarter was $4.8 million, or $0.16 per diluted share, compared to non-GAAP net income of $2.6 million or $0.09 per diluted share for the same quarter last year. Non-GAAP pretax income was $4.806 million against $2.603 million a year ago. Cash provided by operating activities was $5.8 million in the fourth quarter of 2012.
For the year, the company reported revenue of $180,579,000, operating income of $15,980,000, income before income taxes of $15,448,000 and net income of $44,626,000 or $1.49 per diluted share against revenue of $138,728,000, operating income of $7,370,000, income before income taxes of $5,279,000 and net income of $5,218,000 or $0.18 per diluted share a year ago period. Net cash provided by operating activities was $16,597,000 against $12,432,000 a year ago. Capital expenditures were $1,852,000 against $1,076,000 a year ago. Non-GAAP net income for the fiscal 2013 was $20.352 million, or $0.68 per diluted share, compared to non-GAAP net income of $9.671 million or $0.34 per diluted share for the same period last year. Non-GAAP pretax income was $20.406 million against $9.732 million a year ago.
The company expects first quarter consolidated revenue in the range of $50 to $54 million. The company anticipates Wireless Datacom revenue in the first quarter will be significantly higher on both a year-over-year and a sequential quarter basis. The revenue contribution from Wireless Matrix business is expected to more than fully offset a projected lull in shipments of Positive Train Control radios in the first quarter. Satellite revenue in the first quarter is expected to be up on a sequential quarter basis and relatively flat on a year-over-year basis. At the bottom line, the company expects first quarter GAAP-basis net income in the range of $0.01 to $0.05 per diluted share and non-GAAP net income in the range of $0.11 to $0.15 per diluted share. The company also expects that its first quarter GAAP-basis operating results will be impacted by transaction and integration expenses of approximately $0.6 million arising from the Wireless Matrix acquisition.