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 →
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 →
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 →
CalAmp revenues up 39 percent compared to last year
CalAmp revenues soared during the first quarter of fiscal year 2017 but the company lost $2.7 million as the Oxnard-based wireless parts maker completed its acquisition of LoJack, CalAmp reported June 28. Revenues shot up 39 percent during the quarter from $65.4 million in 2016 to $91.1 million during the same period in fiscal 2017. Read More →
CalAmp misses on revenue but hits earnings per share estimates
CalAmp, an Oxnard-based company that makes products for the wireless sector, barely missed revenue estimates but hit earnings per share estimates when it reported fourth quarter 2016 and fiscal year-end earnings April 19. Fourth quarter revenues of $70.8 million barely missed analyst estimates of $71.05 million, according to Yahoo Finance, but that increased from $69.2 Read More →
Cal Amp stock falls after earnings forecast lowered
Shares of Oxnard-based Cal Amp, which makes products for the wireless sector, fell March 22 after the company lowered its earnings forecast for its fiscal year fourth quarter, which ended Feb. 29. On March 21, Cal Amp lowered its revenue estimates for the quarter from an estimated range of $73 million to $78 million to Read More →
Oxnard-based CalAmp buys LoJack for $134 million
Oxnard-based CalAmp completed its hostile takeover of Canton, Mass.-based LoJack on Feb. 1 by buying LoJack for $134 million. CalAmp makes wireless devices for the vehicle and transportation industries while LoJack makes theft recovery systems for cars, trucks and construction equipment. CalAmp had discussions with LoJack for 14 months prior to December 2015 and made Read More →
