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)---- $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, June 13th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal fourth quarter and full year ended March 31, 2024. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerr.

Iteris Sets Fiscal Fourth Quarter and Full Year 2024 Conference Call for Thursday, June 13, 2024 at 4:30 p.m. ET

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 participate in the upcoming Maxim Group Virtual TMT Conference. President and CEO Joe Bergera will participate in a fireside chat on Tuesday, June 4, 2024, at 3:30 p.m. ET (12:30 p.m. PT) with Maxim's Senior Research Analyst, Allen Klee, CFA. Maxim 2024 Virtual Tech Conference Charting the Course: Navigating the Intersect.

Iteris to Participate in Fireside Chat at the Maxim Group TMT Conference on June 4, 2024

FAIRFAX, Va.--(BUSINESS WIRE)---- $ITI #Cebu--Iteris has been chosen to support the selection and deployment of Intelligent Transportation System (ITS) technologies in Metro Cebu, Philippines.

Iteris Selected to Support Intelligent Transportation Systems Project in Metro Cebu, Philippines

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #BRiley--Iteris has announced it will participate in the EF Hutton Annual Global Conference and B. Riley 24th Annual Institutional Investor Conference in May.

Iteris Announces Schedule of Investor Conferences for May 2024

OAKLAND, Calif.--(BUSINESS WIRE)---- $ITI #CarsonCity--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that Carson City, Nevada has chosen to upgrade the city's intersection detection sensors to Iteris' Vantage Apex hybrid sensors. Vantage Apex is the industry's first 1080p high-definition (HD) video and four-dimensional (4D) radar sensor with integrated artificial intelligence (AI) algorithms. It delivers state-of-the-art detection,.

Carson City Upgrades Intersection Infrastructure with Iteris' AI-Powered Hybrid Sensors

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $900,000 contract by the Port of Long Beach for an 18-month multimodal transportation study.

Iteris Chosen by Port of Long Beach to Complete a Multimodal Transportation Study

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced it has been awarded a new contract by the Orange County Transportation Authority (OCTA) for an unprecedented countywide traffic signal synchronization project that will ultimately increase efficiency, safety and sustainability across the entire county. Under the terms of the $9.6 million agreement, Iteris will provide signal timin.

Iteris Awarded $9.6 Million Contract by the Orange County Transportation Authority for Countywide Smart Mobility Initiative

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris announced the launch of ClearGuide® Signal Trends, a new probe data-based solution for improving signal performance.

Iteris Launches New ClearGuide Signal Trends as a Probe-based Option for Improving Intersection Performance

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CHICAGO--(BUSINESS WIRE)---- $ITI #IoT--Iteris announced the South Dakota Department of Transportation awarded Iteris a contract to introduce new features to 511 traveler information system.

Iteris to Enhance 511 Road Management System for State of South Dakota

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a five-year contract by the Texas Department of Transportation (TxDOT) San Antonio District.

Iteris Awarded $3 Million Contract by Texas DOT for Smart Mobility, Intelligent Transportation and Traffic Engineering Services

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a three year, over $1 million contract from the Ventura County Transportation Commission (VCTC) for use of ClearGuide solution.

Iteris Awarded Over $1 Million SaaS Contract by Ventura County Transportation Commission

RICHMOND, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced it has been awarded a new contract by the Virginia Department of Transportation for a statewide smart mobility initiative.

Iteris Chosen by Virginia Department of Transportation to Create Traffic Operations Strategic Plan

FAIRFAX, Va.--(BUSINESS WIRE)---- $ITI #FHWA--The National Highway Institute (NHI) awarded Iteris over $2 million dollars to provide comprehensive training on several initiatives.

Iteris Awarded Contracts Totaling Over $2 Million from the Federal Highway Administration

ITI recently posted strong Q3 FY24 results, with total revenues rising by 3.5% compared to the previous year. The company's net income improved significantly, and its backlog increased by 1%. The technical analysis suggests that ITI's stock price has broken out and is expected to reach $5.96 in the short term. The current valuation is attractive, making ITI undervalued.

Iteris: An Undervalued Company That Can Be Rewarding (Rating Upgrade)

Iteris, Inc. (ITI) Q3 2024 Earnings Call Transcript

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal 2024 third quarter ended December 31, 2023.

Iteris Reports Record Nine-Month Revenue of $129.2 Million, 14% Higher Than Prior Year Period, and GAAP Net Income of $3.0 Million, a $17.3 Million Improvement from the Prior Year Period

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #Arity--Iteris announced a new agreement with Arity to integrate a broader suite of traffic data solutions from Arity into Iteris' ClearMobility® Platform.

Iteris Expands Partnership with Arity to Deliver Enhanced Traffic Data Solutions

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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, February 8th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal third quarter ended December 31, 2023. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerry Shiba w.

Iteris Sets Fiscal Third Quarter 2024 Conference Call for Thursday, February 8, 2024 at 4:30 p.m. ET

GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IDOT--Iteris has been awarded contracts for traffic engineering, signal coordination and signal timing services for 2 Illinois-based transportation agencies.

Iteris Expands Presence in Illinois with Two Contracts for Traffic Signal Coordination and Timing Initiatives

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AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #CVtech--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced the launch of Vantage CV™, an integrated detection and connected vehicle (CV) system for safer intersections. This new offering combines traffic detection, cellular vehicle-to-everything (C-V2X) transportation infrastructure communications and connected vehicle safety applications into a single solution with advanced safety features,.

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