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CalAmp reports revenue decline but net income up

By   /  Thursday, September 28th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies, West Ventura County  /  Comments Off on CalAmp reports revenue decline but net income up

Information technology company CalAmp reported on Sept. 28 a slight drop in revenue for its second quarter but a dramatic increase in net income, bringing in $12.2 million, or 34 cents per share. The company, which has operations in Oxnard, brought in $89.8 million during the quarter, down slightly from $90.5 million in the second Read More →

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CalAmp acquires minority stake in ThinxNet

By   /  Tuesday, September 19th, 2017  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp acquires minority stake in ThinxNet

CalAmp, an Irvine-based Internet of Things company with operations in Oxnard, announced a deal Sept. 19 to acquire a minority stake in Munich, Germany connected car company ThinxNet. The German startup uses technology to enable fuel payments by smartphone and create a network of gas stations. The two companies said they had been working together Read More →

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CalAmp expands partnership in Latin America

By   /  Tuesday, September 12th, 2017  /  Latest news, Technology  /  Comments Off on CalAmp expands partnership in Latin America

CalAmp, the LoJack owner with operations in Oxnard, announced Sept. 12 that its licensee Car Security had expanded its contract, using the company’s full portfolio, including devices and risk management services. Car Security, based in Argentina, will use CalAmp’s CrashBoxx incident reporting service to manage claims and guard against fraud in Argentina, Chile and Uruguay. Read More →

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CalAmp launches new suite of IoT products

By   /  Friday, September 1st, 2017  /  Latest news, Technology  /  Comments Off on CalAmp launches new suite of IoT products

CalAmp, an Irvine-based Internet of Things provider with operations in Oxnard, announced a new suite of products for the transportation, construction, government and energy sectors. The software provides real-time updates on connected equipment like vehicles, environmental conditions and workers that minimize downtime for customers, the company said in a news release Aug. 31. “The CalAmp Read More →

Latest

CalAmp reports decline in revenues

By   /  Tuesday, June 27th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp reports decline in revenues

Internet of Things provider CalAmp, which has operations in Oxnard, announced a decline in revenues for its fiscal year 2018 first quarter, ended May 31, and net losses flat to the previous first quarter at $2.7 million. Revenues fell 3 percent to $88.1 million, primarily as a factor of the closing of the company’s satellite Read More →

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Oxnard’s CalAmp partners with Autobrain

By   /  Thursday, June 22nd, 2017  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Oxnard’s CalAmp partners with Autobrain

Internet of Things provider CalAmp, with operations in Oxnard, announced a partnership with Boca Raton, Fla-based Autobrain. Autobrain’s platform will use CalAmp’s networks to bring smart car capabilities to regular vehicles, according to the June 22 news release. Devices like OBD sensors and telematics systems will enable consumers to track their car’s location and condition Read More →

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CalAmp revenues up for fourth quarter

By   /  Tuesday, April 18th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp revenues up for fourth quarter

Oxnard-based CalAmp, owner of LoJack brand security devices, said revenue for the fourth quarter ended Feb. 28 jumped 22 percent. CalAmp, which has made extensive investments in Internet of Things technologies, said LoJack contributed $27.8 million to fourth-quarter revenue, which totaled $86.1 million. “As we close out fiscal 2017 we are pleased with the progress Read More →