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Calamp Corp. - CAMP STOCK NEWS

Welcome to our dedicated news page for Calamp (Ticker: CAMP), a resource for investors and traders seeking the latest updates and insights on Calamp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Calamp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Calamp's position in the market.

Rhea-AI Summary
CalAmp (CAMP) grants inducement restricted and performance stock unit awards to its CEO under the 2023 Employment Inducement Incentive Award Plan. The awards cover 65,218 shares of common stock and vest over a three-year period. This move aims to attract and retain top talent in the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.69%
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Rhea-AI Summary
CalAmp (Nasdaq: CAMP) reported a 13% QoQ and 32% YoY decline in revenue for the third quarter of fiscal year 2024. Gross margin declined by 340 bps QoQ and 100 bps YoY. Adjusted EBITDA was $1.0 million, a $4.8 million QoQ and $3.7 million YoY decline. GAAP net loss from continuing operations was $85 million. The company ended the quarter with $38.2 million in cash and cash equivalents, down $400K QoQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.51%
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Rhea-AI Summary
CalAmp (Nasdaq: CAMP) announces the appointment of Chris Adams as the new President and CEO, effective January 22, 2024. Adams brings a wealth of knowledge and experience in technology, semiconductor, hardware, and software solutions. He is expected to lead the company through its transformation and drive profitable growth in the telematics industry.
Rhea-AI Impact
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End-of-Day
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management
Rhea-AI Summary
CalAmp (CAMP) to release fiscal 2024 third quarter financial results on January 9, 2024, and host a conference call to discuss the results. The webcast will be available on the Investor Relations section of CalAmp's website.
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End-of-Day
-- %
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Rhea-AI Summary
CalAmp (Nasdaq: CAMP) closes a $45 million term loan for business transformation
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.93%
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Rhea-AI Summary
CalAmp grants inducement restricted stock unit awards to new non-executive employees
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Rhea-AI Summary
CalAmp reports Q2 financial results with a decline in total revenue and gross margin. Adjusted EBITDA increased year over year. The company is exploring options to address the non-compliance with Nasdaq stock price requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-35.56%
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Rhea-AI Summary
CalAmp will release its fiscal 2024 Q2 financial results on October 5, 2023, and host a conference call to discuss the results. Webcast and dial-in options available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.13%
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Rhea-AI Summary
CalAmp CEO Jeff Gardner passes away unexpectedly, Jason Cohenour named Interim CEO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
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none
Rhea-AI Summary
CalAmp reported financial results for its first quarter of fiscal year 2024. Total revenue was $70.9 million, a $7.6 million decline sequentially but a $6.2 million increase year over year. Gross margin increased 280 basis points to 38.2%. Adjusted EBITDA remained strong at $6.0 million. The company's Board of Directors has decided to explore strategic alternatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.82%
Tags
Calamp Corp.

Nasdaq:CAMP

CAMP Rankings

CAMP Stock Data

5.43M
1.45M
4.39%
36.31%
5.44%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
US
Irvine

About CAMP

calamp (nasdaq: camp) is leading the internet of things revolution with its extensive portfolio of intelligent communications devices, robust and capable cloud platform, and targeted software applications. calamp enables customers to optimize operations by collecting, monitoring and efficiently reporting business-critical data and desired intelligence from high-value remote assets. with a heritage in the m2m market, calamp has more than five million devices connected to its iot cloud. partners across transportation, oil and gas, and public safety markets leverage calamp to effectively gather mission- and business-critical data to make intelligent, actionable decisions. for more information, please visit www.calamp.com.