CalAmp Rebounds with Nasdaq Compliance Plan Amid Risks
Company Announcements

CalAmp Rebounds with Nasdaq Compliance Plan Amid Risks

Calamp (CAMP) has released an update.

CalAmp Corp. has regained compliance with Nasdaq’s minimum bid price requirement, addressing a previous deficiency notice. However, the company still faces a challenge with Nasdaq’s stockholders’ equity requirement and must submit a plan to rectify this by March 4, 2024. Amidst these compliance efforts, the company’s forward-looking statements in its reports suggest cautious optimism but acknowledge risks, including economic conditions, market competition, and the ongoing COVID-19 pandemic.

For further insights into CAMP stock, check out TipRanks’ Stock Analysis page.

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