CalAmp Corp. Reports Earnings Results for the First Quarter Ended May 31, 2023

CalAmp Corp. is a connected intelligence company. The Company operates through two segments: Software & Subscription Services and Telematics Products. The Software & Subscription Services segment offers solutions comprised of telematics devices bundled with cloud-based application enablement and telematics service platforms that facilitate the integration of its own applications, as well as those of third parties, through open application programming interfaces (APIs) to deliver full-featured mobile Internet of things (IoT) solutions to customers and markets. Its Telematics Products segment offers a series of advanced telematics products for the broader connected vehicle and emerging industrial IoT marketplace. Its products include asset tracking units, mobile telematics devices, fixed and mobile wireless gateways, and routers. These wireless networking devices underpin a range of solutions and are ideal for applications demanding secure, reliable and business-critical communications.