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

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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.

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $1.1 million contract from the California Department of Transportation for smart mobility design and engineering services.

Iteris Awarded $1.1 Million Contract by California Department of Transportation for Smart Mobility, Safety and Accessibility Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $4.5m contract from the Orange County Transportation Authority for a smart mobility, safety and sustainability program.

Iteris Awarded $4.5 Million Contract by Orange County Transportation Authority for Regional Smart Mobility, Safety and Sustainability Initiative

SANTA ANA, Calif. & AUBURN HILLS, Mich.--(BUSINESS WIRE)---- $ITI #IoT--Iteris and Continental announce the launch of Vantage Fusion, a hybrid traffic detection system that enables real-world V2X applications.

Iteris and Continental Unveil New V2X-Enabled Detection Solution for Smart Mobility Infrastructure

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded $1.4m to support the Florida Department of Transportation for a regional smart mobility, safety and sustainability program.

Iteris Awarded $1.4 Million to Support Florida Department of Transportation for Regional Smart Mobility, Safety and Sustainability Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris will host a virtual investor technology update on Tuesday, December 7 at 1:00 p.m. Eastern time (10:00 a.m. Pacific time).

Iteris to Host Virtual Investor Technology Update on December 7, 2021

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been named by the Orange County Business Journal as one of the 10 fastest-growing mid-size public companies in Orange County, CA.

Iteris Listed Among Top 10 Fastest-Growing Mid-Size Public Companies in Orange County by Orange County Business Journal

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $1.1 million contract by the City of Orange for a regional smart mobility, safety and sustainability program.

Iteris Awarded $1.1 Million Contract by City of Orange for Regional Smart Mobility, Safety and Sustainability Initiative

Iteris' (ITI) CEO Joe Bergera on Q2 2022 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -60.00% and -1.64%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Q2 Earnings and Revenues Miss Estimates

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal second quarter 2022 ended September 30, 2021.

Iteris Reports 18% Revenue Growth Year Over Year for First Half of Fiscal 2022 and Maintains Full Year Revenue Guidance of $134 Million to $142 Million

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris it will participate at the Craig-Hallum 12th Annual Alpha Select Virtual Conference on Tuesday, November 16, 2021.

Iteris to Participate at Craig-Hallum Alpha Select Virtual Conference on November 16, 2021

Iteris (ITI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Iteris (ITI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded $1.46 million from the FHWA to provide a National Highway Institute training and workforce development program.

Iteris Awarded $1.46 Million in Task Orders for Federal Highway Administration's National Training and Workforce Development Program

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced that it will conduct a conference call on Wednesday, November 3 to discuss its financial results for the fiscal second quarter.

Iteris Sets Fiscal Second Quarter 2022 Conference Call for Wednesday, November 3, 2021 at 4:30 p.m. ET

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris announces availability of new managed services that augment the traffic management operations of public agencies and commercial enterprises.

Iteris Announces Availability of New Cloud-enabled Managed Services for Smart Mobility Infrastructure Management

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $940,000 contract by the City of Fremont to provide a comprehensive smart mobility and safety solution.

Iteris Selected by City of Fremont for Smart Mobility and Safety Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #CVSA--Iteris wins new contract with the New Hampshire Department of Safety, Division of State Police for its commercial vehicle operations SaaS solutions.

New Hampshire State Police Expands Use of Iteris' Commercial Vehicle Operations SaaS Solutions to Improve Safety and Mobility Statewide

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded an open-ended on-call contract by the City of Suffolk, Virginia for traffic signal optimization engineering services.

Iteris Selected by City of Suffolk, VA for Traffic Signal Timing Engineering Services

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #1080p--Iteris has launched Vantage Apex™, the industry's first 1080p HD video and 4D radar sensor with integrated artificial intelligence algorithms.

Iteris Unveils New Artificial-Intelligence Powered Detection Sensor for Smart Intersections

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris will participate in the Colliers 2021 Institutional Conference and D.A. Davidson Software & Internet Conference, both on Thursday, September 9.

Iteris Announces Schedule of Investor Conferences for September 2021

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a contract by the Delaware Valley Regional Planning Commission with a potential value of $1.5 million.

Iteris Continues Eastern U.S. Expansion with Delaware Valley Regional Planning Commission Contract for Traffic Signal Timing Program

SANTA ANA, Calif. & MANCHESTER, England--(BUSINESS WIRE)---- $ITI #IoT--Iteris and Wejo have entered into an agreement to deliver enhanced connected vehicle data content to Iteris' customers throughout North America.

Iteris and Wejo Partner to Deliver Enhanced Applications of Connected Vehicle Data for Safer and More Efficient Roadways

Iteris, Inc. (ITI) CEO Joe Bergera on Q1 2022 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -80.00% and 2.84%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Q1 Earnings Lag Estimates

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal first quarter 2022 ended June 30, 2021.

News for Iteris Stock (ITI)