logo

This website uses cookies to ensure you get the best experience on our website.

Read through the Privacy Policy to understand better

 Go Back

CalAmp Corp Reports a Net Loss of $8.3 Million for the Second Quarter

By USInMinutes - Oct 10, 2023, 11:55 AM ET
Last Updated - Oct 10, 2023, 11:55 AM EDT
CalAmp Corp Reports a Net Loss of $8.3 Million for the Second Quarter

Quarterly Revenue Decreases to $61.7 Million

CalAmp Corp. [CAMP] a leading provider of wireless communication solutions, recently announced its financial results for the second quarter ended August 31, 2023. During this period, the company reported a net loss of $8.3 million on quarterly revenues of $61.7 million.

Sponsored

Financial Performance

Despite the net loss, CalAmp Corp experienced a slight decrease in revenues compared to the same period last year. The company's management attributed this decline to several factors, including a decrease in sales of products and applications subscriptions. Cost of revenues remained relatively stable, resulting in a gross profit of $22.3 million. Operating expenses, including research and development, selling and marketing, and general and administrative expenses, amounted to $25.6 million. As a result, CalAmp Corp had an operating loss of $3.2 million for the quarter.

By continuing to use this site, you agree to our terms and conditions
Sponsored
Sponsored
Sponsored
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250324