Welcome to CalAmp s Fourth Quarter 2021 Financial Results Conference Call. [Operator Instructions]
I would now like to introduce your host for today s conference call, Joel Achramowicz, Managing Director of the Shelton Group, CalAmp s Investor Relations firm. Joel, you may begin.
Joel Achramowicz
Managing Director
Good afternoon, and welcome to CalAmp s Fiscal Fourth Quarter 2021 Financial Results Conference Call. I m Joel Achramowicz, Managing Director 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 re subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking projections. These risk factors are discussed
CalAmp Reports Fourth Quarter and Fiscal Year 2021 Financial Results
Quarterly revenue together with revenue from discontinued operations increased sequentially to $89.5 million
Achieves 6% year-over-year quarterly revenue growth from continuing operations, including $35 million in SaaS revenue
Annual Recurring Revenue increases 15% to $87 million for the full year, excluding the Automotive Vehicle Finance business
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IRVINE, Calif., April 22, 2021 /PRNewswire/
CalAmp (Nasdaq: CAMP), a global connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, today reported financial results for its fourth quarter and fiscal year 2021 ended February 28, 2021. On March 16, 2021, the Company announced that Spireon acquired its LoJack North America business, which is being accounted for as discontinued operations and thereby excluded from the reported financial results f
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