CalAmp Updates Fourth Quarter Revenue and Earnings Toward Upper End of Previous Guidance Range
March 06 2012 - 9:00AM
Marketwired
CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless
products, services and solutions, has updated its fiscal 2012
fourth quarter revenue and earnings guidance toward the upper end
of the guidance previously issued on December 22, 2011. The Company
now expects fourth quarter revenue in the range of $37 to $38
million, GAAP EPS in the range of $0.04 to $0.07 per diluted share
and Non-GAAP EPS in the range of $0.07 to $0.10 per diluted share.
In addition, the Company is pleased to announce that it ended
fiscal 2012 in a net cash position of approximately $2.5 million.
The Company expects that its fourth quarter and fiscal 2012
earnings announcement and conference call will take place the week
of April 23, 2012.
Michael Burdiek, CalAmp President and CEO, stated, "We are
pleased with our strong fourth quarter performance, and we expect
continued momentum into our fiscal 2013 first quarter."
As previously announced, CalAmp will be presenting at the
Wedbush Technology, Media & Telecommunications Conference in
New York on March 7, 2012 at 4:15 p.m. Eastern Time.
Forward-Looking Statements Statements in
this press release that are not historical in nature are
forward-looking statements that involve known and unknown risks and
uncertainties. Words such as "may," "will," "expect," "intend,"
"plan," "believe," "seek," "could," "estimate," "judgment,"
"targeting," "should," "anticipate," "goal" and variations of these
words and similar expressions, are intended to identify
forward-looking statements. Actual results could differ materially
from those implied by such forward-looking statements due to the
risks described in the Company's Report on Form 10-K for fiscal
2011 as filed on April 28, 2011 with the Securities and Exchange
Commission. Although the Company believes the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its
expectations will be attained.
About CalAmp CalAmp develops and markets
wireless communications solutions that deliver data, voice and
video for critical networked communications and other applications.
The Company's two business segments are Wireless DataCom, which
serves enterprise, utility and governmental customers, and
Satellite, which focuses on the North American Direct Broadcast
Satellite market. For more information, please visit
www.calamp.com.
Contact: Joanne Keates Director Corporate Communications
jkeates@calamp.com (805) 419-8239
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