CalAmp Corp. reported earnings results for the third quarter and nine months ended November 30, 2023. For the third quarter, the company reported revenue was USD 53.63 million compared to USD 78.89 million a year ago. Net loss was USD 85 million compared to USD 4.73 million a year ago. Basic loss per share from continuing operations was USD 52.21 compared to USD 2.99 a year ago. Diluted loss per share from continuing operations was USD 52.21 compared to USD 2.99 a year ago.
For the nine months, revenue was USD 186.23 million compared to USD 216.44 million a year ago. Net loss was USD 93.26 million compared to USD 24.4 million a year ago. Basic loss per share from continuing operations was USD 57.96 compared to USD 15.64 a year ago. Diluted loss per share from continuing operations was USD 57.96 compared to USD 15.64 a year ago.