CalAmp Corp. reported earnings results for the second quarter and six months ended August 31, 2023. For the second quarter, the company reported sales was USD 61.71 million compared to USD 72.83 million a year ago. Net loss was USD 4.23 million compared to USD 7.49 million a year ago. Basic loss per share from continuing operations was USD 2.53 compared to USD 4.83 a year ago. Diluted loss per share from continuing operations was USD 2.53 compared to USD 4.83 a year ago.
For the six months, sales was USD 132.61 million compared to USD 137.55 million a year ago. Net loss was USD 8.26 million compared to USD 19.67 million a year ago. Basic loss per share from continuing operations was USD 5.06 compared to USD 12.65 a year ago. Diluted loss per share from continuing operations was USD 5.06 compared to USD 12.65 a year ago.