CalAmp Sees Q2 Revenue $67M-$73M Vs $77.14M Est.
Portfolio Pulse from Happy Mohamed
CalAmp expects its Q2 FY24 revenues to range between $67 million and $73 million, which is lower than the estimated $77.14 million. The company also anticipates adjusted EBITDA to be between $5 million and $9 million. Due to the uncertainty and potential variability of future expenses, a reconciliation of non-GAAP guidance financial measures to corresponding GAAP guidance financial measures is not available.
July 10, 2023 | 8:10 pm
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CalAmp's projected Q2 FY24 revenues are lower than estimated, which could negatively impact the company's stock price.
CalAmp's projected revenues for Q2 FY24 are lower than the estimated $77.14 million. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100