Data-driven solutions provider Calamp’s (NASDAQ:CAMP) shares are ticking lower in the pre-market session today after its second-quarter numbers. Revenue declined ~8% over the prior year to $72.8 million but came in ahead of expectations by ~$3.5 million.
Net loss per share at $0.02 too, beat expectations by $0.01.
During the quarter, the software and subscription revenue of the company jumped 13% sequentially, making up 61% of the total top line. Further, total S&SS subscribers increased by 9% over the prior quarter to 1.3 million during this period.
Importantly, Calamp expects a low to mid-single-digit point sequential top-line growth in the third quarter.
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