Rochester, NY 7/15/2009 12:19:35 AM
CAMP - Second Quarter of 2010 Outlook Announced by CalAmp Corporation
CalAmp Corporation
CalAmp Corp., CAMP
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CalAmp Corp. announced that for the second quarter of 2010, it expects consolidated revenues to show a sequential increase and be in the range of $23 to $25 million, with a GAAP basis net loss in the range of $0.06 to $0.10 per diluted share. The Adjusted Basis (non-GAAP) results of operations for the second quarter, which exclude changes in the valuation allowance for U.S. deferred tax assets, intangibles amortization expense net of tax and stock-based compensation expense net of tax, are expected to be a net loss of $0.02 to $0.06 per diluted share. The Company now expect that CalAmp will be profitable on a GAAP basis in the second half of 2010 with quarterly revenues in the range of $26 to $32 million.
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