CalAmp Corp.
calamp.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Jan 9, 2024. Its latest SEC filing is a 15-12G from Aug 1, 2024.
10-Q for Q2 FY2024, filed Jan 9, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells wireless tracking devices and cloud-based telematics software to fleet and transportation businesses, industrial equipment companies, and government organizations.
10-K for FY2023, filed Apr 28, 2023CalAmp Corp. (including its subsidiaries unless the context otherwise requires, “CalAmp”, “the Company”, “we”, “our”, or “us”) is a…View ↗
Flexible Edge Computing Products. We offer a series of telematics edge products that serve as the foundation of our mobile connected…View ↗
Intuitive SaaS Applications. We provide our customers with intelligent analytics and reporting solutions that are accessible via a single…View ↗
How Did They Make Money?
Customers buy telematics products, with sales counted when the products ship. They also pay for software subscriptions over the service term; project and installation services are provided as the work is performed.
10-K for FY2023, filed Apr 28, 2023Telematics Products. Our products revenues consist primarily of sales of our telematics products or wireless networking devices to large…View ↗
Revenues from subscription services are recognized ratably on a straight-line basis over the term of the subscription, which generally…View ↗
From time to time, we provide various professional services to customers. These services include project management, engineering services…View ↗
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10-K for FY2023, filed Apr 28, 2023
FY2023 revenue by product or service ↗
$294.9M
-
10-K for FY2023, filed Apr 27, 2023
$294.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Products
Sold outright
10-K for FY2023, filed Apr 28, 2023 |
64%
FY2020: 67%
|
Products, FY2023
$188.9M Sources
|
Sold outright |
|
Application Subscriptions and Other Services
Recurring
10-K for FY2023, filed Apr 28, 2023 |
36%
FY2020: 33%
|
Application Subscriptions and Other Services, FY2023
$106.1M Sources
|
Recurring |
Who Were Their Customers?
CalAmp sells to large global enterprises, small- to mid-sized companies, and industrial OEM customers. Its direct sales teams work alongside channel partners, independent sales representatives and distributors.
10-K for FY2023, filed Apr 28, 2023We market and sell our solutions and services through our global direct sales organization, channel partner program and Original Equipment…View ↗
We sell our solutions and services to large global enterprises, small- to mid-sized companies, channel accounts and distributors as well as…View ↗
We also actively sell our products in certain markets through independent sales representatives and distributors. In some cases, we have…View ↗
10-K for FY2023, filed Apr 28, 2023
We sell telematics products and services to large global enterprises in the industrial equipment, transportation, and automotive market…View ↗
Did Revenues Turn Into Profits?
No. It lost $32.5M in FY2023.
10-K for FY2023, filed Apr 27, 2023
−$24.7MView ↗
10-K for FY2023, filed Apr 27, 2023
−$32.5MView ↗
10-K for FY2023, filed Apr 27, 2023
−$34MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q2 FY2024, filed Jan 9, 2024
−$85MView ↗
- ▲ +1696% (Loss)
- vs −$4.7M in Q2 FY2023
10-Q for Q2 FY2024, filed Jan 9, 2024
Open tableView ↗
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Aug 1, 2024
CalAmp emerged from Chapter 11 as a private company
The plan cancelled existing shares, and CalAmp became privately held.
Sources
8-K, filed Aug 1, 2024
On July 31, 2024 (the “Effective Date”), each condition precedent to consummation of the Plan was satisfied or waived in accordance with…View ↗
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Jul 17, 2024
Court confirmed CalAmp’s restructuring plan
Sources
8-K, filed Jul 17, 2024
On July 11, 2024, the Bankruptcy Court entered an order (Docket No. 133) (the “Confirmation Order”) confirming the Plan. A copy of the…View ↗
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Jun 3, 2024
CalAmp filed for Chapter 11 bankruptcy protection
Its restructuring agreement contemplated debt changes and cancellation of existing equity interests.
Sources
8-K, filed Jun 3, 2024
On May 31, 2024, CalAmp Corp. (“CalAmp”) and its wholly-owned subsidiaries, CalAmp Wireless Networks Corporation, LoJack Global LLC and…View ↗
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Jun 3, 2024
Nasdaq determined it would delist CalAmp’s securities
CalAmp said it would not appeal the determination.
Sources
8-K, filed Jun 3, 2024
On June 3, 2024, the Company was notified that The Nasdaq Stock Market LLC (“Nasdaq”) had determined that, as a result of the Chapter 11…View ↗
Held flat. Revenue was $294.9M in FY2023, about the same as the $311.5M of FY2019.
More bundled subscriptions The earlier report described a plan to migrate toward subscription services; the latest says most Mobile Resource Management device customers shifted to subscription contracts bundling devices and services.
LoJack North America sale The earlier report highlighted LoJack licensee acquisitions in the U.S.; the latest says CalAmp sold assets and transferred liabilities of its LoJack North America business.
Who Did They Compete With?
Competes with Geotab, Verizon Connect, Phillips Connect, Sky Bitz, Xirgo, Keep Truckin’, and Samsara
10-K for FY2023, filed Apr 28, 2023The competitive landscape is incredibly fragmented, and most companies offer solutions to solve the needs of specific verticals, sub…View ↗
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