CalAmp Corp. (CAMPQ)
CalAmp Corp. operates in the Communication Equipment industry of the Technology sector, headquartered in Irvine, CA, US. The stock last traded at $0.07, up 75.00% on the session, giving a market capitalisation of $120,572. Its beta of 1.72 implies it has historically moved more than the broad market.
CalAmp Corp. is an intelligent connectivity provider that delivers a comprehensive suite of data-powered solutions to a diverse clientele across the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific region, and other international markets. The company's operations are primarily organized into two divisions: Software & Subscription Services and Telematics Products. Within its software offerings, CalAmp furnishes its proprietary CalAmp Telematics Cloud (CTC) platform. This cloud-based platform facilitates application enablement and telematics services, supporting the seamless integration of both its own and external applications through open application programming interfaces (APIs). Additionally, it offers software-as-a-service (SaaS) applications and critical tracking and monitoring services vital for fleet management, supply chain integrity, and international vehicle location. Beyond software, CalAmp manufactures and supplies specialized telematics hardware. This includes asset tracking units, mobile telematics devices, and various fixed and mobile wireless gateways and routers. These advanced products are designed for the connected vehicle and broader Internet of Things (IoT) marketplace, empowering customers to optimize their operations by collecting, monitoring, and reporting critical business intelligence from remote and mobile assets. Furthermore, the company delivers expert professional services, encompassing project management, engineering, and installation support. CalAmp markets its products and services to a wide array of industries, including automotive, telecommunications, industrial equipment, transportation and logistics, government and municipalities, insurance providers, original equipment manufacturers (OEMs), and leasing companies. Its sales strategy leverages a direct sales force, a channel partner program, OEM partnerships, independent sales representatives and distributors, as well as its digital platforms and websites. Established in 1981, CalAmp Corp. is headquartered in Irvine, California. Notably, on June 3, 2024, the company and its associated entities initiated voluntary Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware to pursue reorganization.
CalAmp Corp. is most often compared with the following Technology names: