| Small & micro cap project / Activism insight

Calamp Corp. (CAMP): Signs of moat


by | Dec 9, 2019


M. Cap: $335 million

The company is a telematics solutions pioneer, leading transformation in a globally connected economy. Since its inception, the company has sold over 20 million telematics devices and related products, and has built an industry-leading brand in the globally connected vehicle and industrial Internet of Machines marketplace.


(a) Migration towards SaaS (recurring revenue business model):

The company has steadily grown its base of SaaS subscribers and continues to move towards becoming a pure-play provider of software and subscription services.

As per the latest 10-K, the company has an installed-base of over 10 million telematics devices using its cloud-based device management platform and over one million unique subscribers.

Application subscription and other service revenue grew from $43 million in FY ’16 to $78 million in FY ’19.

(b) Patents: As at February 28, 2019, the company has 73 US patents and 200 foreign patents.



Submit a Comment

Your email address will not be published.


Snowball Research,

65, Sakhi Garden, 2nd Cross Street,

Okkiam Thoraipakkam, OMR, Chennai, India

Mobile: 979-0937-345



Snowball Research is an independent research firm. We do not provide personal investment advice. Kindly read our Terms of Use

Copyright by Snowball Research / March Intelligence Research LLP.  All rights reserved.