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CalAmp Telematics Help Unite Vehicle Safety with Home Automation
TYSONS, Va.–(BUSINESS WIRE)–Alarm.com (Nasdaq: ALRM) is connecting your car and home through its integrated security platform to help people stay informed about their vehicle’s status and unlock more home automation capabilities. Alarm.com Connected Car, developed in collaboration with vehicle telematics solutions pioneer CalAmp (Nasdaq: CAMP), offers all the benefits of a vehicle monitoring solution plus the unique benefit of deep integration with the Alarm.com smart home security system. Vehicle insights, notifications and home automation features are all accessible through one interface – the Alarm.com mobile app.
Operator
Welcome to CalAmp s Third Quarter 2021 Financial Results Conference Call. As a reminder, this call is being recorded. I would now like to introduce your host for today s conference call, Leanne Sievers, President of Shelton Group, CalAmp s Investor Relations firm. Leanne, you may begin.
Leanne K. Sievers
Investor Relations, President of Shelton Group
Good morning, and welcome to CalAmp s fiscal third quarter 2021 financial results conference call. I m Leanne Sievers, President of Shelton Group, CalAmp s Investor Relations firm. With us today are CalAmp s President and Chief Executive Officer, Jeff Gardner; and Chief Financial Officer, Kurt Binder.
Before we begin, I d like to remind you that this call may contain forward-looking statements. While these forward-looking statements reflect CalAmp s best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking projection
CalAmp Reports Fiscal 2021 Third Quarter Financial Results
Achieves consolidated revenue of $88 million, including SaaS revenue of $34.4 million, or 39% of the total
Begins the wind down of its LoJack U.S. operations
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IRVINE, Calif., Dec. 17, 2020 /PRNewswire/
CalAmp (Nasdaq: CAMP), a global technology solutions pioneer transforming the mobile connected economy, today reported financial results for its third quarter ended November 30, 2020. Our results reflect another quarter of revenue growth from continued strong demand for our global SaaS solutions, commented Jeff Gardner, CalAmp s president and chief executive officer. As we navigate the challenges related to the global pandemic, there are a number of growth trends driving opportunities across our business including the 3G-to-4G transition underway in the U.S. as well as the increasing need for fleet management solutions, especially for municipalities and school districts wher