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8-K - CURRENT REPORT - CalAmp Corp. | calamp_8k.htm |
NEWS BULLETIN
FOR RELEASE
CalAmp Raises Guidance for
First
Quarter Revenue and Earnings
OXNARD, CA, June 8, 2012 CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, announced today that revenue for its fiscal 2013 first quarter ended May 31, 2012 is expected to be in the range of $43.5 to $44 million, above the previously issued revenue guidance range of $38 to $41 million. The higher revenue is primarily due to increased demand in the Companys Wireless Datacom segment.
In addition, earnings per diluted share for the first quarter are now expected to be in the range of $0.13 to $0.14 GAAP and $0.17 to $0.18 Non-GAAP. These ranges are above the previously issued guidance of $0.07 to $0.11 GAAP and $0.10 to $0.14 Non-GAAP.
These first quarter revenue and EPS estimates are preliminary and are subject to completion of the Companys normal quarterly closing process and the independent auditors quarterly review procedures.
The Companys first quarter earnings announcement and conference call is scheduled for Thursday, June 28, 2012, after the market close.
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 2012 as filed on April 26, 2012 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 Companys two business segments are Wireless DataCom,
which serves enterprise, utility and government 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