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CalAmp Corp. (CAMP) Earnings Call Transcript: 2015 Q3 Results

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Below is CalAmp Corp. (NASDAQ:CAMP)’s fiscal year 2015 Q3 earnings call transcript. Lyon Street Capital, Prescott Group, and Marshall Wace are among the hedge funds with large positions in CalAmp Corp. (NASDAQ:CAMP) at the end of the third quarter of 2014.

Host

Lasse Glassen – Investor Relations, Addo Communications

Company Representatives

Michael Burdiek – President and CEO, CalAmp

Rick Vitelle – Chief Financial Officer, CalAmp

Analysts

Mike Walkley – CanaccordGenuity

Mike Crawford – B. Riley & Co.

Mike Latimore – Northland Capital Markets

Tim Quillin – Stephens, Inc.

Rajesh Ghai – Macquarie Research

Greg Burns – Sidoti& Company

 

Operator

Greetings and welcome to the CalAmp Third Quarter Fiscal 2015 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

I now will turn the conference over to your host, Lasse Glassen, from Addo Communications. Thank you. You may now begin.

Lasse Glassen, Investor Relations, Addo Communications

Thank you, operator. Good afternoon and welcome to CalAmp Corp. (NASDAQ:CAMP)’s fiscal 2015 third quarter results conference call. With us today are CalAmp’s President and Chief Executive Officer, Michael Burdiek, and Chief Financial Officer, Rick Vitelle.

Before I turn the call over to management, please remember that our prepared remarks and responses to questions may contain forward-looking statements. Words such as may, will, expect, intend, plan, believe, seek, could, estimates, judgment, targeting, should, anticipate, goal and variations of these words and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors including, competitive pressures and pricing declines on the company’s Wireless DataCom and satellite segments, delays in the rampup in production shipments to a key OEM customer in the heavy equipment industry, and other risks and uncertainties that are described in the company’s Annual Report on Form 10-K for fiscal 2014 as filed on April 24, 2014 with the Securities and Exchange Commission.

Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. The company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Michael Burdiek will begin today’s call with a review of the company’s financial and operational highlights. Rick Vitelle will then provide additional details about the company’s financial results and Mike will then wrap up with CalAmp’s business outlook and guidance for the fiscal 2015 fourth quarter. This will be followed by a question-and-answer session.

With that, it’s now my pleasure to turn the call over to CalAmp Corp. (NASDAQ:CAMP)’s President and CEO, Michael Burdiek.

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