CalAmp Updates Fourth Quarter Revenue and Earnings Toward Upper End of Previous Guidance Range

CalAmp Corp. CAMP has updated its fiscal 2012 fourth quarter revenue and earnings guidance toward the upper end of the guidance previously issued on December 22, 2011. The Company now expects fourth quarter revenue in the range of $37 to $38 million, GAAP EPS in the range of $0.04 to $0.07 per diluted share and Non-GAAP EPS in the range of $0.07 to $0.10 per diluted share. In addition, the Company is pleased to announce that it ended fiscal 2012 in a net cash position of approximately $2.5 million. The Company expects that its fourth quarter and fiscal 2012 earnings announcement and conference call will take place the week of April 23, 2012.