"Our refreshed leadership team is taking a customer first approach, with a focus on delivering innovative solutions and world-class customer service.” CalAmp delivered robust business results in 2024, including the following milestones: Surpassed a total of 2.7 million subscribers across its business unitsGenerated revenue of $197 million and EBITDA of $12.7 millionDelivered strong positive free cash flow with >100% EBITDA conversionEnded the year with a solid cash position of $72 million and positive net cash on the balance sheet following the elimination of $230 million of debt CalAmp’s technology solutions processed and analyzed over one trillion data points (3.5 billion a day) during 2024, reinforcing the company’s position as a powerhouse in connected intelligence.
The company hired and promoted accomplished leaders to bolster each of these divisions: Tom Ayers, a former VP at onsemi and Sony Electronics, hired to lead Edge Devices;Paul Washicko, previously General Manager of SaaS at CalAmp, returned to lead Telematics Solutions;Maurizio Iperti promoted to President of Connected Car Solutions, overseeing all regions, including Europe, the United Kingdom, and Mexico;Thomas Polan, a co-founder of the Synovia K-12 solution acquired by CalAmp in 2019, rejoined as Deputy GM of Student Safety.
Enters 2025 With Growth and Momentum in Product InnovationCARLSBAD, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- CalAmp, a leading telematics company providing products and solutions that help organizations worldwide monitor, track, and protect vital assets, today announced strong results for calendar year 2024.
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