CalAmp reports net loss despite record second quarter revenue

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CalAmp reports net loss despite record second quarter revenue

By Staff Report / Thursday, September 27th, 2018 / Comments Off on CalAmp reports net loss despite record second quarter revenue

Oxnard telematics company CalAmp announced record revenue for its fiscal second quarter, nearing the $100 million mark, but reported a net loss of 2 cents per share. Revenue grew 7 percent compared to the same period in 2017 to $96 million, including a 21 percent increase in software and subscription revenue. Adjusted for one-time gains…

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