Iteris

Iteris, Inc. engages in the provision of smart mobility infrastructure management solutions. The firms solutions enable public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers to monitor, visualize, and optimize mobility infrastructure to help ensure roads are safe, travel is efficient, and communities thrive. It operates through the following segments: Roadway Sensors, and Transportation Systems. The Roadway Sensors segment provides advanced detection sensors and systems for traffic intersection management that collectively comprise family of Vantage sensors. The Transportation Systems segment provides engineering and specialized consulting services, cloud-enabled managed services, performance measurement and traffic analytics solutions. The company was founded by Joel Slutzky in 1969 and is headquartered in Santa Ana, CA.

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Iteris reports record revenue and market share gains, eyes growth opportunities

Iteris delivered strong financial performance with record revenue, bookings, and backlog. The company faces challenges related to internal controls and operating expenses but has opportunities to leverage market share gains, IIJA funding, and remote service delivery to drive future growth.

Iteris achieves record revenue and eyes strategic expansion opportunities

Iteris delivered exceptional financial performance in Q2 2023, driven by strong revenue growth, improved margins, and robust customer adoption of its ClearMobility platform. The company's focus on innovation and commitment to long-term opportunities in the smart mobility infrastructure management market bode well for its future prospects. However, managing an aggressive solutions roadmap and potential acquisitions will be key challenges to navigate.

Iteris reports record revenue growth, eyes connected vehicle safety for Q4

Iteris delivered strong revenue growth and backlog expansion in Q3 2023, despite facing margin pressures and supply chain challenges. The company's innovative product offerings and strategic pricing adjustments position it well for future growth and profitability.

Iteris reports record revenue and strategic achievements, eyes growth opportunities

Iteris delivered strong financial performance in Q4 2023, with record revenue and strategic achievements. Despite challenges in the supply chain and internal controls evaluation, the company remains optimistic about long-term growth prospects. Opportunities for growth lie in organic revenue expansion, improved margins, and enhanced service offerings.

Iteris reports record Q1 revenue growth driven by ClearMobility success

Iteris delivered impressive Q1 2024 results with record revenue and profitability, driven by strong customer adoption of the ClearMobility platform. The company's focus on innovation and product quality contributed to significant revenue growth across product and service segments.
While facing challenges in sustaining growth and potential acquisition integration, Iteris remains well-positioned to capitalize on opportunities for market expansion and continued progress towards its strategic goals.

Iteris reports record revenue and margin growth, eyes acquisitions for expansion

Iteris' Q2 2024 performance reflects strong revenue growth, margin improvement, and customer adoption. While challenges exist in margin enhancement timing and fund dispersal delays, the company remains focused on scalable solutions and strategic acquisitions for future growth.

Iteris posts solid Q3 results, eyes international expansion and partnerships

Iteris demonstrated strong financial performance in Q3, with revenue growth, margin improvements, and positive EBITDA trends, underlining operational effectiveness.
While facing challenges such as bookings delays and labor availability issues, the company is leveraging strengths like market demand for ClearMobility and revenue growth guidance.
With opportunities in international markets, strategic partnerships, and ongoing operational enhancements, Iteris is positioning itself for long-term growth and profitability.

Iteris Reports Growth and Margin Improvement in Q4 2024

Iteris demonstrated solid financial performance in Q4 2024 with improvements in revenue, gross margins, and adjusted EBITDA. The company successfully increased its competitive procurement win rate and expanded its product and service offerings. Despite challenges in product revenue and booking lumpiness, Iteris is poised for continued growth with promising new technologies and a strong backlog.

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Iteris is a smart mobility infrastructure management firm that applies cloud computing, artificial intelligence, advanced sensors, advisory services, and managed services to achieve safe, efficient, and sustainable mobility.

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris announced the latest evolution of VantageCare®, a product support program that helps agencies optimize their Iteris traffic detection solutions.

Iteris Introduces Multi-Level Cloud-Enabled Managed Services to Optimize Traffic Detection

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris CEO Joe Bergera and CTO Todd Kreter will participate in the Northland Capital Markets Virtual Artificial Intelligence Investor Conference.

Iteris to Participate in Fireside Chat at the Northland Capital Markets Virtual Artificial Intelligence Investor Conference on December 14, 2023

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris awarded $13.3 million contract by the Metropolitan Transportation Commission (MTC).

Iteris Receives $13.3 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission

Iteris, Inc. (NASDAQ:ITI ) Q2 2024 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Todd Kehrli - MKR IR Joe Bergera - President and CEO Kerry Shiba - CFO Conference Call Participants Jeff Van Sinderen - B. Riley Mike Latimore - Northland Tim Moore - E.F.

Iteris, Inc. (ITI) Q2 2024 Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc., today reported financial results for its fiscal 2024 second quarter ended September 30, 2023.

Iteris Reports Record Second Quarter Revenue of $43.6 Million, Up 11% Year Over Year and GAAP Net Income of $0.6 Million, a $7.9 Million Improvement Year over Year

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AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #FHWA--Iteris has been awarded a $9.5 million task order from the FHWA ITS JPO to provide support for the ITS reference architecture program.

Iteris Awarded Federal Highway Administration Contract for Intelligent Transportation Systems Architecture Program

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a conference call on Thursday, November 9 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal second quarter ended September 30, 2023. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerry Shiba w.

Iteris Sets Fiscal Second Quarter 2024 Conference Call for Thursday, November 9, 2023 at 4:30 p.m. ET

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a new contract by the City of Yorba Linda in Orange County, California for traffic signal synchronization and ITS upgrades.

Iteris Awarded $1.2 Million Contract by the City of Yorba Linda for a Regional Smart Mobility Initiative

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris has launched Vantage Next Max™, a new central control unit (CCU) that doubles the number of sensors supported on the Vantage Next® platform.

Iteris Expands Capacity of Vantage Detection Platform with Release of Vantage Next Max™

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #CCAG--The City/County Association of Governments of San Mateo County has awarded Iteris an almost $1 million, multi-year Smart Corridor Project contract.

Iteris Awarded 4.5 Year Contract for the City/County Association of Governments of San Mateo County's Smart Corridor Project

Iteris faced several supply chain issues in F2023 which cause the stock to drop significantly from its 2021-highs. These problems are now solved, and ITI is back on a profitable and steady growth path. Shares are still undervalued and we see a +100% return in the coming years.

Iteris: Underappreciated Opportunity With Huge Upside Potential In The Long Term

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris will participate in the Northland Capital Markets Virtual Institutional Investor Conference on Tuesday, September 19, 2023.

Iteris to Participate in the Northland Capital Markets Virtual Institutional Investor Conference on September 19, 2023

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a contract from the City of Bellevue, Washington for a smart mobility, safety and sustainability project.

City of Bellevue Selects Iteris' ClearGuide SaaS Solution for Smart Mobility, Safety and Sustainability Program

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #EuclidStreet--Iteris has been awarded a new contract by the City of La Habra in Orange County, California for a Regional Traffic Signal Synchronization Project.

Iteris Awarded $1.3 Million Contract by the City of La Habra for a Regional Smart Mobility Initiative

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris to participate in the Sidoti Virtual Micro-Cap Investor Conference taking place on August 16-17, 2023.

Iteris to Participate in Sidoti Virtual Micro-Cap Investor Conference on August 17, 2023

Iteris, Inc. (NASDAQ:ITI ) Q1 2024 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Todd Kehrli - MKR IR Joe Bergera - President and CEO Kerry Shiba - CFO Conference Call Participants Mike Latimore - Northland Capital Markets Tim Moore - EF Hutton Operator Good day, and welcome to the Iteris's Fiscal First Quarter 2024 Financial Results Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation.

Iteris, Inc. (ITI) Q1 2024 Earnings Call Transcript

Iteris (ITI) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to loss of $0.11 per share a year ago.

Iteris (ITI) Surpasses Q1 Earnings and Revenue Estimates

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal 2024 first quarter, which ended June 30, 2023. Fiscal 2024 First Quarter Financial Highlights Record revenue of $43.5 million, up 29% year over year Gross margins of 38.6%, up 840 basis points year over year and 680 basis points sequentially GAAP net income of $2.1 million, or $0.05 per share, a $7.0 million, or $0.16 per shar.

Iteris Reports Record First Quarter Revenue of $43.5 Million, Up 29% Year Over Year, and GAAP Net Income of $2.1 Million, a $7.0 Million Improvement Year Over Year

GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IMPO--Iteris was awarded contracts for smart mobility, safety and sustainability projects by two major agencies, expanding their presence in the Midwest.

Iteris Expands Midwest Presence with Two Contracts for Regional Smart Mobility Initiatives

FAIRFAX, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris selected to modernize public transit in Mérida, Mexico, as part of a USTDA-funded ITS modernization project.

Iteris Chosen to Support Intelligent Transportation Systems Project in Mérida, Mexico

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris will conduct a conference call on Tuesday, August 8 at 4:30 p.m. ET to discuss financial results for the fiscal first quarter ended 6/30/2023.

Iteris Sets Fiscal First Quarter 2024 Conference Call for Tuesday, August 8, 2023 at 4:30 p.m. ET

TAMPA, Fla.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a new $1 million contract by Seminole County, Florida for a regional traffic signal retiming program.

Iteris Awarded Contract for Seminole County Traffic Signal Retiming Program

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. today announced that Gary Hall and Kimberly Valentine-Poska have been appointed to its board of directors.

Iteris Appoints Gary Hall and Kimberly Valentine-Poska to its Board of Directors

Iteris' financial performance looks weak, with shrinking margins and unstable free cash flow, raising doubts about the sustainability of its business model. Despite low valuation multiples, the stock is not attractively valued due to the company's inability to achieve sustainable positive free cash flow. Major risks include the unclear path to increased profitability and the highly competitive IT industry, with potential threats from tech giants like Google.

News for Iteris Stock (ITI)