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.

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #ATSPM--Iteris has been awarded a three-year SaaS contract from the Florida Department of Transportation District 5 for use of its ClearGuide solution.

Florida Department of Transportation Selects Iteris' ClearGuide SaaS Solution to Provide Smart Mobility Infrastructure Management

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced that it has been invited to present at the JMP Securities Technology Conference on Monday, March 1.

Iteris to Present at JMP Securities Technology Conference on March 1, 2021

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #ClearGuide--Iteris has received $737,000 in service orders under an existing $2.49m on-call contract from the San Bernardino County Transportation Authority.

Iteris Awarded Traffic Signal Synchronization Services Contract Extension from San Bernardino County Transportation Authority

Iteris, Inc. (ITI) CEO Joe Bergera on Q3 2021 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -100.00% and 0.14%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Reports Break-Even Earnings for Q3

Shares of Iteris (NASDAQ:ITI) rose in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were flat 0.00% year over year to ($0.00), which missed the estimate of $0.01.

Iteris: Q3 Earnings Insights

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal third quarter 2021 ended December 31, 2020.

Iteris Reports 5% Revenue Growth Year Over Year with Significant Increases in GAAP Net Income and Adjusted EBITDA for Fiscal Third Quarter

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #API--Iteris today announced the launch of its new open-architecture cloud framework for smart mobility infrastructure management, the ClearMobility Cloud.

Iteris Launches ClearMobility Cloud to Drive Breakthrough Innovations in Smart Mobility Infrastructure Management

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) Reports Next Week: Wall Street Expects Earnings Growth

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris will conduct a conference call on Tuesday, February 2 at 4:30 p.m. ET to discuss its financial results for the fiscal third quarter.

Iteris Sets Fiscal Third Quarter 2021 Conference Call for Tuesday, February 2, 2021 at 4:30 p.m. ET

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has launched VantageCare™, a new managed service for smart mobility infrastructures operated by state and local transportation agencies.

Iteris Unveils New Software-Enabled Managed Service for Smart Mobility Infrastructures

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been invited to present at the 23rd Annual Needham Virtual Growth Conference on Thursday, January 14.

Iteris to Present at 23rd Annual Needham Virtual Growth Conference on January 14, 2021

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has granted inducement awards to 17 new non-executive employees, who joined the company as a result of the recent TrafficCast acquisition.

Iteris Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #ARCIT--Iteris has received a second task order with funding of $4.07m under its IDIQ contract from the Federal Highway Administration.

Iteris Awarded $4.07 Million in New Task Order Funding by Federal Highway Administration to Support Nation's Architecture Reference for Cooperative and Intelligent Transportation

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced that it will host a virtual investor day on Thursday, December 17 at 1:00 p.m. ET (10:00 a.m. PT).

Iteris to Host Virtual Investor Day on December 17, 2020

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced its acquisition of TrafficCast International, Inc., a privately held company headquartered in Madison, Wisconsin.

Iteris Announces Acquisition of TrafficCast International, Inc.

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been invited to present at the Northland IoT, AI and Safety Virtual Technology Conference on Monday, December 7.

Iteris to Present at Northland IoT, AI and Safety Virtual Technology Conference on December 7, 2020

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a four-year contract with a ceiling of $8 million from the Hillsborough County Board of County Commissioners.

Iteris Selected by Hillsborough County for Smart Mobility and Safety Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced that it will participate in the Craig-Hallum 11th Annual Alpha Select Virtual Conference on Tuesday, November 17, 2020.

Iteris to Participate at Craig-Hallum Alpha Select Virtual Conference on November 17, 2020

Iteris, Inc. (ITI) CEO Joe Bergera on Q2 2021 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -50.00% and 2.38%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Q2 Earnings Miss Estimates

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal second quarter 2021 ended September 30, 2020.

Iteris Reports 10% Revenue Growth Year Over Year with Significant Increases in GAAP Net Income and Adjusted EBITDA for Fiscal Second Quarter

Iteris (ITI) Earnings Expected to Grow: Should You Buy?

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #FDOT--Iteris has been awarded a five-year professional services contract with a ceiling of $5 million from the Florida Department of Transportation.

Iteris Awarded Florida Department of Transportation Contract for Traffic Signal Retiming Program

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris will conduct a conference call on Wednesday, November 4 to discuss its financial results for the fiscal second quarter ended September 30 2020.

News for Iteris Stock (ITI)