Calamp expects revenue for quarter to be below its original guidance

Calamp updates fiscal 2020 fourth quarter revenue outlook.expects revenue for quarter to be below its original guidance.cut q4 revenue guidance due to confluence of factors including effect of coronavirus outbreak in china on its supply chain and related transitions.during q4, experienced significant supply shortages and softer than expected demand for mrm telematics products.calamp - were unable to ship unusually high portion of existing mrm backlog late in q4, resulting in $8 million increase in backlog from q3 end.expect to achieve goal of at least $120 million in saas revenue for 2020.sees q4 gaap revenues of $85 million-$87 million.q4 revenue view $97.1 million -- refinitiv ibes data.
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