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.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced it has joined the Russell 2000® Index. Iteris was included in a preliminary list of additions posted in May and is now a member, effective this morning, June 26, after the U.S. markets open. “We are delighted to be included in the Russell 2000 Index, one of the most widely referenced benchmarks in the U.S. stock market,” said Joe Berg.

Iteris to Join the Russell 2000® Index

Iteris, Inc. (NASDAQ:ITI ) Q4 2023 Earnings Conference Call June 13, 2023 4:30 PM ET Company Participants Todd Kehrli - MKR Investor Relations Joe Bergera - President and Chief Executive Officer Kerry Shiba - Chief Financial Officer Conference Call Participants Mike Latimore - Northland Capital Markets Tim Moore - EF Hutton Ryan Sigdahl - Craig-Hallum Operator Good day and welcome to the Iteris Fiscal 2023 Fourth Quarter and Full-Year Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Iteris, Inc. (ITI) Q4 2023 Earnings Call Transcript

Iteris (ITI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.05. This compares to loss of $0.05 per share a year ago.

Iteris (ITI) Reports Q4 Loss, Tops Revenue Estimates

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI) today reported financial results for its fiscal fourth quarter and full year ended March 31, 2023.

Iteris Reports Record Fiscal 2023 Fourth Quarter Revenue Up 24% Year Over Year and Record Full Year Revenue Up 17% Year Over Year

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris has changed the earnings release date for its fiscal 2023 fourth quarter and full year conference call and webcast to June 13th at 4:30 p.m. ET.

Iteris Announces Date Change for 2023 Fiscal Fourth Quarter and Full Year Conference Call

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris will conduct a conference call on Thursday, June 1 at 4:30 p.m. ET to discuss financial results for the fiscal fourth quarter and full year.

Iteris Sets Fiscal Fourth Quarter and Full Year 2023 Conference Call for Thursday, June 1, 2023 at 4:30 p.m. ET

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris will participate in the B. Riley Securities 23rd Annual Investor Conference taking place May 24-25, 2023.

Iteris to Attend B. Riley Securities 23rd Annual Institutional Investor Conference on May 24, 2023

RICHMOND, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been chosen by Virginia Department of Transportation (VDOT) to provide statewide traffic operations support services.

Virginia Department of Transportation Selects Iteris for Traffic Operations Support Services

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #EFHutton--Iteris will participate in the EF Hutton Global Conference taking place May 10-11, 2023 at The Plaza Hotel in New York City.

Iteris to Participate at EF Hutton Global Conference on May 11, 2023

MINNEAPOLIS--(BUSINESS WIRE)---- $ITI #I35--Iteris has been chosen by the Minnesota Department of Transportation to provide performance-based MOT in support of the I-494 Improvement Project.

Iteris Awarded Contract to Support Minnesota's Interstate 494 Improvement Project

FAIRFAX, Va.--(BUSINESS WIRE)---- $ITI #FHWA--The National Highway Institute (NHI) awarded Iteris a contract with a value of up to $10 million to provide training focused on transportation safety.

Iteris Awarded Five-Year Transportation Training Contract with National Highway Institute

GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a two-year contract for statewide traffic signal timing and operation by the Ohio Department of Transportation (ODOT).

Iteris Selected by Ohio Department of Transportation for Traffic Signal Timing Services

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #DaaS--Iteris has been awarded a $1.3 million contract from the Utah Department of Transportation for traffic data through the ClearData™ (DaaS) solution.

Iteris Awarded $1.3 Million Data-as-a-Service Contract from Utah Department of Transportation

Iteris Selected by Virginia Department of Transportation for Statewide Traffic Operation Center Services

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $2.5 million contract from the SBCTA to monitor and maintain SBVCTSS corridors and develop a Smart County Master Plan.

Iteris Awarded $2.5 Million by San Bernardino County Transportation Authority for Signal Coordination Support and Development of Smart County Master Plan

CHICAGO & AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #HEREtechnologies--HERE Technologies and Iteris will integrate broader location-based services and user capabilities from HERE into Iteris' ClearMobility® Platform.

HERE Technologies and Iteris Partner to Create New Smart Mobility Solutions

GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IDOT--Iteris has been chosen by the Illinois Department of Transportation (IDOT) District One for traffic signal plan preparation and plan review projects.

Iteris Wins New $1.2 Million Contract with Illinois Department of Transportation for Traffic Design Project Management Services

Market leader taking share in a market driven by secular tailwinds. Iteris is rapidly recovering from costly supply chain problems lowering its cost basis by $15M in FY23 (starting in March/23), on top of operational leverage.

5 Reasons To Still Buy Iteris

Iteris, Inc. (NASDAQ:ITI ) Q3 2023 Earnings Conference Call February 2, 2023 4:30 PM ET Company Participants Todd Kehrli - MKR Group Joe Bergera - President & Chief Executive Officer Doug Groves - Chief Financial Officer, Senior Vice President & Secretary Conference Call Participants Jeff Van Sinderen - B. Riley Mike Latimore - Northland Securities Ryan Sigdahl - Craig-Hallum Capital Group Tim Moore - EF Hutton Operator Good day and welcome to the Iteris Fiscal Third Quarter 2023 Financial Results Conference Call.

Iteris, Inc. (ITI) Q3 2023 Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of 16.67% and 7.55%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Reports Q3 Loss, Tops Revenue Estimates

AUSTIN, Texas--( BUSINESS WIRE )--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal third quarter 2023, ended December 31, 2022.

Iteris Reports Record Fiscal 2023 Third Quarter Total Revenue of $40.7 Million, Up 27% Year Over Year, and Record Total Ending Backlog of $112.2 Million, up 22% Year Over Year

SANTA ANA, Calif.--( BUSINESS WIRE )--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, February 2 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal third quarter ended December 31, 2022. The financial results will be issued in a press release prior to the call.

Iteris Sets Fiscal Third Quarter 2023 Conference Call for Thursday, February 2, 2023 at 4:30 p.m. ET

SANTA ANA, Calif.--( BUSINESS WIRE )--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a $2.8 million contract from the San Bernardino County Transportation Authority (SBCTA) to support the development of the I-10 Express Lanes.

Iteris Awarded $2.8 Million by San Bernardino County Transportation Authority to Support I-10 Express Lane Initiative

ITI is differentiated by its unique software and high-performance detection sensors for the Internet of Things as it expands its SaaS cloud-based platform. I believe that investors have not noticed the successful evolution of ITI's business model and how it is on track to generate positive EBITDA next year.

Iteris: Strong Growth Prospects With An Improved Profitability Outlook

AUSTIN, Texas--( BUSINESS WIRE )--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, announced that it has been chosen as the prime consultant for a multi-year master contract to design and integrate the network infrastructure at Fort Bend County's new Emergency Operations Center.

News for Iteris Stock (ITI)