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 #BayArea--Metropolitan Transportation Commission awards Iteris $6.9m to provide operational services for two operations centers in San Francisco Bay Area.

San Francisco Bay Area Metropolitan Transportation Commission Awards Iteris $6.9 Million Operational Services Contract

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has executed a contract with the Orange County Transportation Authority for a $4.7m regional traffic signal synchronization initiative.

Iteris Awarded $4.7 Million Contract by Orange County Transportation Authority for Traffic Signal Synchronization

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $1.1m contract by the City of Moreno Valley to supply Iteris’ Vantage Vector hybrid video and radar detection system.

Iteris Awarded $1.1 Million Contract by City of Moreno Valley for Smart Mobility Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #ClearRoute--Iteris today announced the deployment of ClearRoute™, the company’s next-generation traveler information services solution.

Iteris Unveils Next-Generation Traveler Information Services Solution

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #FDOT--The Florida Dept of Transportation has selected Iteris to deploy a near-miss identification system at key intersections in three Florida counties.

Iteris Selected by Florida Department of Transportation to Implement Smart Mobility and Safety Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris president and CEO Joe Bergera, and CFO Douglas Groves will be hosting virtual meetings with investors on Thursday, September 10, 2020.

Iteris to Participate at Colliers Securities Institutional Investor Conference on September 10, 2020

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris announces that it has partnered with Phoenix Pacific to expand distribution of its roadway sensors technology across the U.S.

Iteris Expands Geographic Coverage Into U.S. Pacific Islands Through Distribution Agreement With Phoenix Pacific

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #BayArea--Iteris today announced the MTC has awarded Iteris a $5.4m contract to continue its use of Iteris’ next-generation traveler information solution.

Iteris Awarded $5.4 Million Contract Extension by San Francisco Bay Area Metropolitan Transportation Commission

Iteris, Inc. (ITI) CEO Joe Bergera on Q1 2021 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of 125.00% and -0.18%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Q1 Earnings Top Estimates

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

Iteris Reports 11% Revenue Growth Year Over Year with Significant Increases in GAAP Net Income and Adjusted EBITDA for Fiscal First Quarter

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) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #I405--Iteris today announced that OC 405 Partners is upgrading to the ClearGuide solution as part of the I-405 Improvement Project in southern California.

OC 405 Partners Upgrades to Iteris’ ClearGuide to Manage Traffic During I-405 Improvement Project

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris announces that it will be hosting virtual meetings on August 12 at the Oppenheimer Technology, Internet & Communications Conference.

Iteris to Participate at 23rd Annual Oppenheimer Technology, Internet and Communications Conference on August 12, 2020

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced that it will conduct a conference call on August 4 to discuss its financial results for the fiscal first quarter ended June 30.

Iteris Sets Fiscal First Quarter 2021 Conference Call for Tuesday, August 4, 2020 at 4:30 p.m. ET

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced that Luke Schneider, a serial smart mobility entrepreneur, has been appointed to its board of directors.

Iteris Appoints Luke Schneider to Its Board of Directors

Shares of Iteris Inc (NASDAQ:ITI) moved higher by 2.2% from the previous closing price.

Insider Buys Iteris Shares

Iteris, Inc., (ITI) CEO Joe Bergera on Q4 2020 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of 150.00% and -1.25%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Beats Q4 Earnings Estimates

Iteris (ITI) possesses 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) Expected to Beat Earnings Estimates: Should You Buy?

Iteris (ITI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Iteris (ITI)

Iteris, Inc. (ITI) CEO Joseph Bergera on Q3 2020 Results - Earnings Call Transcript

Will Iteris (ITI) Report Negative Earnings Next Week? What You Should Know

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