Attached files
file | filename |
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8-K - CURRENT REPORT - CalAmp Corp. | calamp_8k.htm |
EX-99.3 - PRESS RELEASE ISSUED ON DECEMBER 10, 2015 PROVIDING THE COMPANY'S COMMENTS - CalAmp Corp. | exhibit99-3.htm |
EX-99.2 - PRESS RELEASE ISSUED ON DECEMBER 10, 2015 ANNOUNCING THE COMPANY'S OFFER - CalAmp Corp. | exhibit99-2.htm |
Exhibit 99-1 | |
NEWS
BULLETIN
|
CalAmp Updates Fiscal 2016 Third Quarter and Full-Year Outlook
OXNARD, CA, December 10, 2015 -- CalAmp (NASDAQ: CAMP) (the Company), a leading provider of wireless products, services and solutions, announced today the Company is updating its outlook for the fiscal 2016 third quarter ended November 30, 2015 and the full-year ending February 29, 2016.
The Company currently expects fiscal 2016 third quarter revenue in the range of $74 to $75 million, with GAAP-basis net income in the range of $0.10 to $0.11 per diluted share and non-GAAP net income in the range of $0.29 to $0.31 per diluted share. In addition, the Company also expects full-year revenues in the range of $282 to $288 million.
Complete results for the fiscal 2016 third quarter will be issued in conjunction with CalAmps earnings release and conference call scheduled for December 22, 2015 after the market close.
About CalAmp
CalAmp (NASDAQ: CAMP) is a proven leader in
providing wireless communications solutions to a broad array of vertical market
applications and customers. CalAmps extensive portfolio of intelligent
communications devices, robust and scalable cloud service platform, and targeted
software applications streamline otherwise complex Machine-to-Machine (M2M)
deployments. These solutions enable customers to optimize their operations by
collecting, monitoring and efficiently reporting business critical data and
desired intelligence from high-value mobile and remote assets. For more
information, please visit www.calamp.com.
Forward-Looking Statements
Statements in this
press release that are not historical in nature are forward-looking statements,
including those regarding guidance on our fiscal 2016 third quarter and
full-year results, that, within the meaning of the federal securities laws
including the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995, involve known and unknown risks and uncertainties. These statements
speak only as of the date of this press release. Readers are cautioned that
actual results could differ materially from those implied by such
forward-looking statements due to a variety of factors, including risks and
uncertainties that are described in our Annual Report on Form 10-K filed on
April 21, 2015 with the Securities and Exchange Commission and subsequent
Quarterly Reports on Form 10-Q. Although we believe the expectations reflected
in such forward-looking statements are based upon reasonable assumptions, we can
give no assurances that our expectations will be attained. We undertake no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
AT CALAMP: | AT ADDO COMMUNICATIONS: | |
Garo Sarkissian | Lasse Glassen | |
SVP, Corporate Development | (424) 238-6249 | |
`(805) 987-9000 |