CalAmp Reports Lower Revenue on Supply Issues Featured

By Staff Writer January 03, 2019

CalAmp recently reported its financial results for its quarter ended Nov. 30.

Consolidated revenue was $88.5 million, down 6 percent year-over-year, due to supply chain execution challenges.

Gross margin was 41.1 percent, up from 40.8 percent in the prior year.

Telematics Systems revenue for the third quarter was $68.6 million, down 12 percent year-over-year, principally due to a decline in legacy LoJack SVR product sales.

Last modified on Thursday, 03 January 2019 15:11