LONDON, UK / ACCESSWIRE / January 12, 2018 / Active-Investors.com has just released a free earnings report on CalAmp Corp. (NASDAQ: CAMP). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CAMP. The Company posted its financial results on December 21, 2017, for the third quarter fiscal 2018. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CalAmp most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=CAMP
Earnings Highlights and Summary
For three months ended November 30, 2017, CalAmp's revenues increased 12.4% to $93.67 million from $83.35 million in Q3 FY17. The Company's revenue surpassed analysts' expectations of $90.99 million.
During Q3 FY18, the Company's Telematics systems revenue increased 15.3% to $77.78 million from $67.46 million in the same period last year. For the reported quarter, the Company's Software & subscription services revenue was $15.89 million, on par with $15.89 million in Q3 FY17.
For the reported quarter, the Company's gross profit increased 8.7% to $38.19 million from $35.12 million in Q3 FY17. For the reported quarter, the Company's gross margin decreased 130 basis points to 40.8% of revenue from 42.1% of revenue in Q3 FY17.
For the reported quarter, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 39% to $13.84 million from $9.96 million in Q3 FY17. For the reported quarter, the Company's adjusted EBITDA margin increased 300 basis points to 15% of revenue from 12% of revenue in Q3 FY17.
For the reported quarter, the Company's operating income increased 135.2% to $4.21 million, from $1.79 million in Q3 FY17. For the reported quarter, the Company's operating margin decreased 100 basis points to 41% of revenue from 42% of revenue in Q3 FY17.
During Q3 FY18, CalAmp's earnings before tax (EBT) was positive $15.57 million compared to negative $1.07 million in the same period last year.
For the reported quarter, CalAmp's net income was $11.81 million compared to net loss of $1.53 million in Q3 FY17. During Q3 FY18, the Company's diluted EPS was positive $0.33 compared to negative $0.04 in the same period last year. For the reported quarter, CalAmp's adjusted net income increased 48.7% to $11.24 million on a y-o-y basis from $7.56 million in Q3 FY17. During Q3 FY18, the Company's adjusted diluted EPS increased 47.6% to $0.31 on a y-o-y basis from $0.21 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $0.29.
Balance Sheet
As on November 30, 2017, CalAmp's cash and cash equivalents increased 47.4% to $138.10 million from $93.71 million on February 28, 2017.
For the reported quarter, the Company's net accounts receivable increased 4.1% to $70.19 million from $67.40 million in Q4 FY17. For the reported quarter, the Company's accounts payable increased 40.1% to $42.40 million from $30.27 million in Q4 FY17.
In the first nine months of 2017, the Company's net cash provided by operating activities increased 196.6% to $58.73 million from $19.80 million in the same period last year.
Outlook
For Q4 FY18, the Company expects revenue to be in the range of $91.00 million to $96.00 million and diluted EPS to be in the band of $0.26 to $0.32. The Company estimates adjusted EBITDA to be in the range of $12.00 million to $15.00 million and adjusted diluted EPS to be in the range of $0.27 to $0.33 for the fourth quarter of 2018.
Stock Performance Snapshot
January 11, 2018 - At Thursday's closing bell, CalAmp's stock rose 3.86%, ending the trading session at $23.15.
Volume traded for the day: 282.98 thousand shares.
Stock performance in the last month – up 5.61%; previous six-month period – up 18.78%; past twelve-month period – up 53.21%; and year-to-date – up 8.03%
After yesterday's close, CalAmp's market cap was at $828.08 million.
Price to Earnings (P/E) ratio was at 49.36.
The stock is part of the Technology sector, categorized under the Wireless Communications industry. This sector was up 0.4% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
