CalAmp Corp. (CAMP) Bundle
A Brief History of CalAmp Corp. (CAMP)
Founding and Early Years
Founding and Early Years
CalAmp Corp. was founded in 1981 and began as a manufacturer of satellite communication equipment. The company went public in 1983, trading on the NASDAQ under the ticker symbol CAMP.
Growth Through Acquisitions
In the late 1990s, CalAmp expanded its business by acquiring several companies, including:
- In 1999, CalAmp acquired RadioWave for approximately $5 million.
- In 2002, CalAmp purchased Vanguard Wireless for $10 million.
- In 2010, it acquired MobiApps with an estimated value of $30 million.
Financial Performance
As of the fiscal year ending January 31, 2023, CalAmp reported revenues of $163.7 million, with a net loss of $20.2 million.
The company’s stock performance saw significant fluctuation, reaching an all-time high of $54.88 per share in 2000, and experiencing a considerable drop to below $5.00 per share by 2023.
Business Segments
CalAmp operates in two primary segments:
- The Telematics segment, which contributed approximately $114 million in revenue for the fiscal year 2023.
- The RF Solutions segment, with revenues of about $49 million in the same period.
Market Position
As of 2023, CalAmp holds a market share of approximately 20% in the telematics industry, catering primarily to the transportation and logistics sectors.
Recent Developments
In January 2023, CalAmp announced a strategic partnership with Verizon, aimed at enhancing their telematics offerings. The expected value of the partnership is projected to exceed $100 million over the next five years.
Employee Count and Corporate Structure
As of 2023, CalAmp employs approximately 800 individuals across its global offices.
The company’s headquarters is located in Oxnard, California.
| Year | Revenue ($ Millions) | Net Income ($ Millions) | Stock Price ($) |
|---|---|---|---|
| 2020 | 126.0 | -9.0 | 5.92 |
| 2021 | 140.0 | -13.0 | 9.77 |
| 2022 | 151.8 | -15.0 | 6.78 |
| 2023 | 163.7 | -20.2 | 4.95 |
Future Outlook
CalAmp plans to increase investment in AI and machine learning for improved telematics solutions, expecting annual growth rates of approximately 10-12% through 2025.
A Who Owns CalAmp Corp. (CAMP)
Institutional Ownership
As of the latest filing, institutional ownership in CalAmp Corp. (CAMP) stands at approximately 79.93%. This ownership consists of various investment firms and institutional investors that hold significant stakes in the company. Some key institutional owners include:
| Institution | Ownership Percentage (%) | Number of Shares | Market Value (in $ millions) |
|---|---|---|---|
| The Vanguard Group, Inc. | 10.14% | 2,665,498 | 25.75 |
| BlackRock, Inc. | 8.46% | 2,116,773 | 20.62 |
| Dimensional Fund Advisors LP | 7.05% | 1,785,500 | 17.35 |
| Renaissance Technologies LLC | 5.13% | 1,305,700 | 12.76 |
| State Street Corporation | 4.95% | 1,238,300 | 12.02 |
Insider Ownership
Insider ownership also plays a crucial role in the overall ownership structure of CalAmp Corp. The total insider ownership is reported at 5.42% as of the latest data.
| Insider Name | Position | Ownership Percentage (%) | Number of Shares |
|---|---|---|---|
| Michael Burdiek | CEO | 1.22% | 310,192 |
| Jeffrey S. Ross | Director | 1.10% | 278,000 |
| Brendan J. Devereaux | CFO | 0.88% | 220,000 |
| Laurie M. H. Pankratz | Director | 0.79% | 198,000 |
| Robert J. Decker | COO | 0.43% | 108,000 |
Recent Shareholder Composition
The shareholder composition of CalAmp Corp. also highlights the balance between institutional, retail, and insider investors:
| Investor Type | Ownership Percentage (%) | Number of Shares |
|---|---|---|
| Institutional Investors | 79.93% | 20,378,000 |
| Insider Investors | 5.42% | 1,380,000 |
| Retail Investors | 14.65% | 3,771,250 |
Stock Performance and Market Capitalization
The market capitalization of CalAmp Corp. is currently around $327.4 million, with a stock price hovering around $3.77 per share. The trading volume has varied but has shown activity on the NYSE.
Recent Financial Performance
CalAmp reported revenues of $224 million for the fiscal year 2023, with a net income of $5 million. The earnings per share (EPS) stood at $0.14.
Key financial metrics include:
| Financial Metric | Value |
|---|---|
| Revenue | $224 million |
| Net Income | $5 million |
| Market Capitalization | $327.4 million |
| Earnings Per Share (EPS) | $0.14 |
| Price-to-Earnings (P/E) Ratio | 27 |
Conclusion of Ownership Analysis
CalAmp Corp.'s ownership structure reflects a strong presence of institutional investors along with a moderate level of insider ownership. The financial performance indicates stability and potential growth, useful for various stakeholders analyzing the company's market position.
CalAmp Corp. (CAMP) Mission Statement
Company Overview
CalAmp Corp. (NASDAQ: CAMP) is a provider of wireless communications solutions for various applications in the Internet of Things (IoT) market. Established in 1981, the company specializes in providing software, services, and devices for tracking, monitoring, and managing assets.
Mission Statement
CalAmp's mission statement emphasizes their commitment to connecting the physical and digital worlds through their technology, delivering actionable insights that empower their customers to achieve operational efficiencies and enhance decision-making.
Core Values
- Innovation: Continuous development of cutting-edge technology.
- Customer Centricity: Focusing on customer needs for enhanced solutions.
- Collaboration: Teamwork to foster creativity and efficiency.
- Integrity: Upholding transparency and ethical practices.
Financial Highlights
As of October 2023, CalAmp Corp. reported the following financial data:
| Financial Metric | Value (in millions) |
|---|---|
| Revenue (2023) | $155.3 |
| Net Income (2023) | $8.4 |
| Total Assets | $240.5 |
| Market Capitalization | $290.0 |
| Debt to Equity Ratio | 0.46 |
Strategic Goals
- Expand IoT platform capabilities.
- Increase customer engagement through innovative solutions.
- Enhance operational efficiencies in logistics and asset management.
- Drive sustainable growth through acquisitions and partnerships.
Market Position
CalAmp Corp. holds a significant market position in the telematics space, with a competitive edge derived from their integrated cloud platform and strong industry partnerships.
Recent Developments
As of Q3 2023, CalAmp announced strategic partnerships with leading automotive companies to enhance their telematics solutions and expand their footprint in North America and Europe.
Long-Term Vision
CalAmp aims to be a leader in the IoT sector by leveraging advanced analytics and AI to transform data into actionable insights for improved operational outcomes.
Customer Base
The company serves a diverse range of industries including:
- Transportation and Logistics
- Construction and Heavy Equipment
- Government and Public Safety
- Rental and Leasing
Competitive Advantage
CalAmp’s ability to offer end-to-end IoT solutions gives it a competitive advantage, allowing customers to seamlessly integrate and manage their assets.
How CalAmp Corp. (CAMP) Works
Overview of CalAmp Corp.
CalAmp Corp. (CAMP) is a technology company that specializes in SaaS-based solutions and IoT devices for fleet management and asset tracking. As of October 2023, the company operates through two primary segments: Telematics and RF Solutions.
Business Segments
- Telematics: This segment provides data analytics and software applications that help businesses manage their fleet operations and improve efficiency.
- RF Solutions: This segment offers wireless communication and Internet of Things (IoT) products that serve various industries including healthcare, transportation, and utilities.
Financial Performance
As of the latest fiscal year ending February 28, 2023, CalAmp reported the following financial metrics:
| Metric | Amount (in millions) |
|---|---|
| Total Revenue | $238.4 |
| Gross Profit | $81.5 |
| Net Income (Loss) | ($15.2) |
| Adjusted EBITDA | $19.3 |
| Cash and Cash Equivalents | $32.7 |
| Total Assets | $300.5 |
Market Position
CalAmp holds a significant position in the telematics industry, with an estimated 10% market share in North America. As of 2023, the company reported having over 1 million active devices in the field.
Customer Base
The company serves a diverse array of clients, including:
- Logistics and Transportation Companies
- Construction Firms
- Municipal Governments
- Healthcare Providers
Recent Developments
In September 2023, CalAmp announced a partnership with a leading automotive manufacturer to integrate advanced telematics solutions into new vehicle models.
Furthermore, in Q2 2023, CalAmp launched a new version of its fleet management software, which resulted in a 20% increase in subscriptions.
Stock Performance
As of October 23, 2023, the stock price of CalAmp (CAMP) is approximately $4.25, with a market capitalization of about $155 million. The stock has shown a year-to-date increase of 15%.
Strategic Goals
CalAmp is focusing on enhancing its technological capabilities through:
- Investing in R&D to develop next-generation IoT solutions
- Expanding its presence in international markets
- Enhancing its software analytics capabilities
Competitive Landscape
CalAmp faces competition from several key players in the telematics market, including:
- Verizon Connect
- Geotab
- Samsara
- Teletrac Navman
Conclusion
CalAmp's ongoing efforts to innovate and expand its service offerings position it well within the rapidly evolving telematics and IoT landscape. The company's focus on enhancing customer solutions and entering new markets is pivotal for its future growth.
How CalAmp Corp. (CAMP) Makes Money
Revenue Streams
CalAmp Corp. generates revenue through diverse channels, including:
- Subscription services
- Hardware sales
- Professional services
- Software solutions
Subscription Services
Subscription services form a significant part of CalAmp’s revenue model. The company offers SaaS (Software as a Service) solutions that provide ongoing support and services to clients. As of Q2 2023, CalAmp reported a subscription revenue of approximately $57 million, representing a year-over-year increase of 10%.
| Subscription Revenue (Q2 2023) | Year-over-Year Growth |
|---|---|
| $57 million | 10% |
Hardware Sales
CalAmp's hardware sales involve the manufacturing and selling of telematics devices, including GPS tracking units and vehicle communication systems. For fiscal year 2023, the revenue from hardware sales was approximately $85 million.
| Hardware Sales Revenue (FY 2023) |
|---|
| $85 million |
Professional Services
CalAmp also provides professional services, including system integration, consulting, and support. The revenue from professional services for the fiscal year 2023 was around $30 million.
| Professional Services Revenue (FY 2023) |
|---|
| $30 million |
Software Solutions
CalAmp offers various software solutions, primarily targeted at fleet management and asset tracking. In FY 2023, the software solutions segment generated approximately $40 million in revenue.
| Software Solutions Revenue (FY 2023) |
|---|
| $40 million |
Key Financial Metrics
CalAmp's financial health can be assessed through several key metrics:
- Total Revenue for FY 2023: $212 million
- Net Loss for FY 2023: $15 million
- Gross Margin: 35%
| Financial Metrics | Value |
|---|---|
| Total Revenue (FY 2023) | $212 million |
| Net Loss (FY 2023) | $15 million |
| Gross Margin | 35% |
Market Segments
CalAmp primarily operates within the following market segments:
- Fleet management
- Asset tracking
- Telematics
In the fleet management sector, CalAmp serves over 1 million vehicles globally, contributing significantly to subscription and service revenue.
Geographic Presence
CalAmp's operations extend across several geographic regions, including North America, Europe, and Asia. For FY 2023, the revenue breakdown by region was:
| Region | Revenue |
|---|---|
| North America | $150 million |
| Europe | $40 million |
| Asia | $22 million |
Strategic Partnerships
CalAmp has established various strategic partnerships to enhance its product offerings and market reach. Notable partnerships include:
- Collaboration with major telecom providers
- Alliances with automotive manufacturers
- Partnerships with logistics companies
Competitive Positioning
CalAmp competes with companies such as:
- Verizon Connect
- Geotab
- Teletrac Navman
As of Q2 2023, CalAmp holds approximately 5% of the U.S. telematics market share.
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