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.

The number of applications and services that receive information from Iteris is quite overwhelming. They range from artificial intelligence tools to traffic flow optimization, geolocalization, and commercial vehicle operations. The company believes that it could deliver close to 85% increase in net revenue from 2023 to 2027.

Iteris: Mobility Management And Data Vendor At Cheap Valuation

FAIRFAX, Va.--( BUSINESS WIRE )--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a four-year contract from the North Carolina Department of Transportation (NCDOT), a member of The Eastern Transportation Coalition (TETC), for use of its ClearGuide® solution to improve mobility throughout the state.

North Carolina Department of Transportation Selects Iteris' ClearGuide Solution to Provide Smart Mobility Infrastructure Management

Iteris, Inc. (NASDAQ:ITI ) Q2 2023 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Todd Kehrli - MKR Group Joseph Bergera - President, CEO & Director Douglas Groves - CFO, SVP & Secretary Conference Call Participants Ryan Sigdahl - Craig-Hallum Jeff Van Sinderen - B. Riley Securities Aditya Dagaonkar - Northland Capital Markets Operator Good day and welcome to the Iteris Fiscal Second Quarter 2023 Financial Results Conference Call.

Iteris, Inc. (ITI) Q2 2023 Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -325% and 8.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Reports Q2 Loss, Tops Revenue Estimates

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris reported financial results for its fiscal second quarter 2023 ended September 30, 2022.

Iteris Reports Record Fiscal 2023 Second Quarter Total Revenue of $39.3 Million and Record Total Ending Backlog of $111.8 Million

Iteris Sets Fiscal Second Quarter 2023 Conference Call for Tuesday, November 8, 2022 at 4:30 p.m. ET

Iteris to Implement Cloud-Enabled Congestion and Asset Management Services for City of Anaheim for Regional Smart Mobility, Safety and Sustainability Initiative

TAMPA, Fla.--(BUSINESS WIRE)---- $ITI #BrevardCounty--Iteris has been awarded a $1 million extension to support a Florida Department of Transportation smart mobility, safety and sustainability program.

Iteris Awarded $1 Million Extension for Continued Support of Florida Department of Transportation Initiative for Regional Smart Mobility, Safety and Sustainability

FAIRFAX, Va.--(BUSINESS WIRE)---- $ITI #FHWA--Iteris has received a $2.95 million task order under its IDIQ contract from the Federal Highway Administration (FHWA).

Iteris Awarded $2.95 Million in New Task Order Funding by Federal Highway Administration to Support Nation's Architecture Reference for Cooperative and Intelligent Transportation

FAIRFAX, Va.--(BUSINESS WIRE)---- $ITI #GSA--Iteris announced that it has been awarded a Multiple Award Schedule (MAS) by the General Services Administration (GSA).

Iteris Awarded General Services Administration's Multiple Award Schedule Contract

RICHMOND, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris awarded a sub-contract by the Virginia Department of Transportation (VDOT) for connected and automated vehicle (CAV) related planning services

Iteris Selected by Virginia Department of Transportation for Connected and Automated Vehicle Initiative

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a new contract by the New York State Department of Motor Vehicles for CVIEWplus software-as-a-service (SaaS) solution.

New York State Department of Motor Vehicles Awards a Contract for Iteris' Commercial Vehicle Operations SaaS Solution to Improve Safety and Mobility Statewide

Iteris, Inc. (NASDAQ:ITI ) Q1 2023 Results Conference Call August 4, 2022 4:30 PM ET Company Participants Todd Kehrli - MKR Group Joe Bergera - President and CEO Doug Groves - CFO Conference Call Participants Mike Shlisky - DA Davidson Mike Latimore - Northland Capital Operator Good day and welcome to the Iteris Incorporated Fiscal First Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

Iteris, Inc. (ITI) CEO Joe Bergera on Q1 2023 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -120% and 1.79%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Reports Q1 Loss, Lags Revenue Estimates

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal first quarter 2023 ended June 30, 2022.

Iteris Reports Fiscal 2023 First Quarter Total Revenue of $33.7 Million and Record Ending Total Backlog of $109 Million, Up 36% Year Over Year

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris will conduct a conference call on Thursday, August 4 at 4:30 p.m. EDT to discuss its fiscal first quarter ended June 30, 2022.

Iteris Sets Fiscal First Quarter 2023 Conference Call for Thursday, August 4, 2022 at 4:30 p.m. ET

RICHMOND, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris awarded a new contract by the Virginia Department of Transportation (VDOT) for smart mobility, safety and sustainability programs.

Iteris Awarded a Multimillion-dollar Contract by Virginia Department of Transportation for Traffic, Traveler and Road Information Program (TTRIP) Services for Statewide Transportation Operations

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $3.2 million-contract by the City of Baton Rouge for a smart mobility, safety and sustainability initiative.

Iteris Selected by City of Baton Rouge for Smart Mobility, Safety and Sustainability Initiative

Iteris provides Infrastructure Management Systems to municipalities around the country. Hardware revenues are cyclical and highly dependent on government spending, so the company is developing cloud services.

Iteris: Not Interesting Until SaaS-Like Profitability Kicks In

Iteris is a growth company trading at a deep value multiple. Supply chain issues have hampered revenue and gross margin but now the company has an active mitigation plan in place.

Iteris - Undisputed Leader In Mobility Management Trading At Only 0.6x Sales With Multiple Catalysts For Growth

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a contract from the Seattle Department of Transportation (SDOT) for a smart mobility, safety and sustainability program.

Seattle Department of Transportation Selects Iteris' ClearGuide SaaS Solution for Smart Mobility, Safety and Sustainability Program

Iteris, Inc (NASDAQ: ITI) reported fourth-quarter FY22 revenue growth of 8% year-on-year to $34.2 million, missing the consensus of $34.7 million. The sustained strong customer adoption of Iteris' ClearMobility Platform drove the increase.

Iteris Clocks 8% Revenue Growth In Q4 Aided By Strong Adoption Of ClearMobility Platform; Plans $10M Buyback

Iteris, Inc. (NASDAQ:ITI ) Q4 2022 Earnings Conference Call June 1, 2022 4:30 PM ET Company Participants Todd Kehrli - MKR Group Joe Bergera - President and Chief Executive Officer Douglas Groves - Senior Vice President and Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Ryan Sigdahl - Craig-Hallum Capital Group Mike Latimore - Northland Capital Markets Operator Good day, and welcome to the Iteris Inc. Fiscal Fourth Quarter and Full Year 2022 Financial Results Conference Call.

Iteris, Inc.'s (ITI) CEO Joe Bergera on Q4 2022 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -225% and 0.07%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Reports Q4 Loss, Misses Revenue Estimates

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced a new stock repurchase program that permits the purchase of up to $10 million of the Company's common stock.

News for Iteris Stock (ITI)