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)--Iteris, Inc. (“Iteris” or the “Company”), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced the closing of its previously announced agreement to be acquired by Almaviva S.p.A. (“Almaviva”). Iteris' common stock has ceased trading on the NASDAQ and Iteris will no longer be listed on any public market effective as of the closing. As part of Almaviva, Iteris will continue to operate as a separate legal entity and.

Iteris Completes Transaction with Almaviva

AUSTIN, Texas--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI) (“Iteris” or the “Company”), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that Iteris stockholders approved the proposed merger agreement with Almaviva S.p.A. (“Almaviva”) at Iteris' Special Meeting of Stockholders held yesterday. As previously announced, under the terms of the merger agreement, Almaviva will acquire Iteris in an all-cash transaction in which Iteris' stockholders.

Iteris Stockholders Approve Merger Agreement with Almaviva

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Iteris, Inc. (NasdaqCM: ITI) to Almaviva S.p.A. Under the terms of the proposed transaction, shareholders of Iteris will receive $7.20 in cash for each share of Iteris that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration.

ITERIS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Iteris, Inc. - ITI

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Iteris, Inc. (NASDAQ: ITI) to Almaviva S.p.A. for $7.20 in cash per share is fair to Iteris shareholders. Halper Sadeh encourages Iteris shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Iteris and its board of d.

ITI Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Iteris, Inc. is Fair to Shareholders

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Iteris, Inc. (Nasdaq : ITI ), relating to its proposed merger with Almaviva S.p.A. Under the terms of the agreement, Iteris shares will automatically be converted into the right to receive $7.20 in cash.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Iteris, Inc. – ITI

NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Iteris, Inc. - ITI

Iteris, Inc. (NASDAQ:ITI ) Q1 2025 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Jim Byers - MKR Investor Relations Joe Bergera - President and CEO Kerry Shiba - Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley Alex Latimore - Northland Capital Markets Derek Greenberg - Maxim Group Operator Good day and welcome to Iteris' Fiscal First Quarter 2025 Conference Call.

Iteris, Inc. (ITI) Q1 2025 Earnings Call Transcript

ITI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Iteris, Inc. Is Fair to Shareholders

MILWAUKEE , Aug. 9, 2024 /PRNewswire/ -- Ademi LLP is investigating Iteris (NASDAQ: ITI) for possible breaches of fiduciary duty and other violations of law in its transaction with Almaviva. Click here to learn how to join our investigation https://www.ademilaw.com/case/iteris-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Iteris, Inc. has obtained a Fair Price for its Public Shareholders

Iteris (NASDAQ: ITI ) stock is soaring higher on Friday after the intelligent transportation systems technology solutions company announced a new acquisition deal. This will see Iteris be acquired by the private digital innovation group Almaviva.

Why Is Iteris (ITI) Stock Up 64% Today?

AUSTIN, Texas--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI) (“Iteris” or the “Company”), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it has entered into a definitive merger agreement to be acquired by Almaviva S.p.A. (“Almaviva”), a private Italian digital innovation group, in an all-cash transaction valuing Iteris at approximately $335 million equity value. Under the terms of the agreement, Iteris shareholders will receive $7.20 in.

Iteris to Be Acquired by Almaviva for $335 Million

Iteris (ITI) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.05 per share a year ago.

Iteris (ITI) Beats 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 first quarter ended June 30, 2024. Fiscal 2025 First Quarter Financial Highlights Revenues of $45.8 million, up 5.1% year over year compared to an unusually strong prior year period Net new bookings of $48.8 million, resulting in record trailing six months net new bookings of $102.1 million Record Backlog of $126.8 million as.

Iteris Reports Record Quarterly Revenue of $45.8 Million

TAMPA, Fla.--(BUSINESS WIRE)---- $ITI #IoT--Iteris was selected by the City of Lakeland, Florida to provide smart mobility infrastructure management technologies to the city.

Iteris Chosen by City of Lakeland for Smart Mobility and Safety Initiative

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, August 8th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal first quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerry Shiba will ho.

Iteris Sets Fiscal First Quarter 2025 Conference Call for Thursday, August 8, 2024 at 4:30 p.m. ET

OAKLAND, Calif.--(BUSINESS WIRE)---- $ITI #BayAreaTransportation--Iteris has been awarded a $3.75 million contract for ongoing operational support by the Metropolitan Transportation Commission (MTC) in the Bay Area.

Iteris Receives $3.75 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #Houston--Iteris announced that it has been awarded a five-year IDIQ contract with a value of up to $2 million by the Texas Department of Transportation (TxDOT).

Iteris Awarded $2 Million Texas DOT IDIQ Contract for Smart Mobility and Traffic Signal Timing Services

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GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been chosen to support a transportation infrastructure safety analysis in Stephenson County and surrounding areas in rural Illinois.

Iteris Selected to Support IIJA-Funded Northwestern Illinois Region Safety Evaluation Project

Iteris, Inc. (NASDAQ:ITI ) Q4 2024 Earnings Call Transcript June 13, 2024 4:30 PM ET Company Participants Todd Kehrli - IR, MKR IR Joe Bergera - President and CEO Kerry Shiba - CFO Conference Call Participants Jeff Van Sinderen - B. Riley Mike Latimore - Northland Capital Markets Tim Moore - EF Hutton Allen Klee - Maxim Group Operator Good day and welcome to the Iteris Fiscal 2024 Fourth Quarter and Full Year Financial Results Conference Call.

Iteris, Inc. (ITI) Q4 2024 Earnings Call Transcript

Iteris (ITI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.01 per share a year ago.

Iteris (ITI) Reports Break-Even Earnings for Q4

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. reported financial results for its fiscal fourth quarter and full year ended March 31, 2024.

Iteris Reports Record Fiscal 2024 Full Year Revenue of $172.0 million, Up 10% Year Over Year

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris announced that it will participate in the Northland Capital Markets Virtual Growth Conference on Tuesday, June 25, 2024.

Iteris to Participate in the Northland Capital Markets Virtual Growth Conference on June 25, 2024

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris and Sumitomo Electric Industries announced a partnership that will bring the highly acclaimed Sumitomo Pedestrian Detection sensor to the U.S.

Iteris ClearMobility Platform will Integrate Sumitomo Electric's Pedestrian Sensor to Create Industry's Most Advanced Pedestrian Detection Solution

AUSTIN, Texas & SANTA CLARA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris and Telenav, Inc. today announced that Telenav has chosen Iteris' ClearData® as their source for traffic and travel information.

News for Iteris Stock (ITI)