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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Earnings data Q3 2024

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Earnings data Q2 2025

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 today reported financial results for its fiscal fourth quarter and full year 2022 ended March 31, 2022.

Iteris Reports Record Full Year 2022 Revenue of $134 Million, Up 14% Year Over Year, and Record Full Year 2022 Bookings of $155 Million, Up 28% Year Over Year

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #DaaS--Iteris announces the addition of customizable ClearData™ traffic management feeds, adding to its extensive mobility solutions offerings.

Iteris Announces Availability of Customizable Enhanced Mobility Data

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris to participate in the Stifel 2022 Cross Sector Insight Investor Conference on Tuesday, June 7, 2022.

Iteris to Participate at Stifel Cross Sector Insight Investor Conference on June 7, 2022

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris Sets Fiscal Fourth Quarter and Full Year 2022 Conference Call for Wednesday, June 1, 2022 at 4:30 p.m. ET

Iteris Sets Fiscal Fourth Quarter and Full Year 2022 Conference Call for Wednesday, June 1, 2022 at 4:30 p.m. ET

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been invited to present at the B. Riley Securities 22nd Annual Institutional Investor Conference taking place May 25-26, 2022.

Iteris to Present at B. Riley Securities 22nd Annual Institutional Investor Conference on May 26, 2022

RICHMOND, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded new task orders totaling more than $1 million by the Virginia Department of Transportation (VDOT).

Iteris Awarded Task Orders Totaling More Than $1 Million by Virginia Department of Transportation for Smart Mobility, Safety and Sustainability Initiatives

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #FHWA--Iteris has received funding under its IDIQ contract from the Federal Highway Administration (FHWA) for a smart mobility and accessibility initiative.

Iteris Awarded New Task Order Funding by Federal Highway Administration to Support Smart Mobility and Accessibility Initiative

OAKLAND, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $2 million contract by the City of Concord for a smart mobility, safety and sustainability program.

Iteris Awarded $2 Million Contract by City of Concord for Smart Mobility, Safety and Sustainability Initiative

LOS ANGELES--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $1.5 million subcontract by HNTB Corporation to provide operations, maintenance and management services for LA Metro.

Iteris Awarded $1.5 Million Subcontract to Operate and Manage Vehicle-to-Infrastructure Countywide Signal Priority System for LA Metro

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $3.7m contract from the Orange County Transportation Authority for a smart mobility, safety and sustainability program.

Iteris Awarded $3.7 Million Contract by Orange County Transportation Authority for Smart Mobility, Safety and Sustainability Initiative

SANTA ANA, Calif. & NEW YORK--(BUSINESS WIRE)---- $ITI #IoT--Iteris and Total Traffic & Weather Network today announced the expansion of their nationwide partnership.

Total Traffic & Weather Network and Iteris Expand Nationwide Partnership

GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been selected by the City of Joliet for a smart mobility, safety and sustainability initiative.

Iteris Selected by City of Joliet for Smart Mobility, Safety and Sustainability Program

RICHMOND, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris wins contract by Virginia Department of Transportation for intelligent transportation system operations, planning and support services.

Iteris Selected by Virginia Department of Transportation for Intelligent Transportation System Operations, Planning and Support Services

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been selected by the University of Michigan's Transportation Research Institute for a smart mobility and safety initiative.

Iteris Selected by University of Michigan Transportation Research Institute for Smart Mobility and Safety Initiative

GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been selected by the Illinois Department of Transportation Districts Six through Nine for various traffic signal synchronization projects.

Iteris Selected by Illinois Department of Transportation for Traffic Signal Coordination and Timing Initiatives

TAMPA, Fla.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a five-year professional services contract of up to $5 million from the Florida Department of Transportation.

Iteris Awarded Contract of up to $5 Million by Florida Department of Transportation for Smart Mobility, Safety and Sustainability Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has launched a new smart mobility infrastructure asset management solution, ClearAsset™.

Iteris Unveils Powerful New Asset Management SaaS Solution

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been selected by the Kane County Department of Transportation for a smart mobility, safety and sustainability program.

Iteris Selected by Kane County Department of Transportation for Smart Mobility, Safety and Sustainability Program

Iteris, Inc. (ITI) CEO Joe Bergera on Q3 2022 Results - Earnings Call Transcript

Iteris (ITI) delivered earnings and revenue surprises of -225% and 1.49%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Iteris (ITI) Reports Q3 Loss, Lags Revenue Estimates

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal third quarter 2022 ended December 31, 2021.

Iteris Reports 14% Revenue Growth Year Over Year for Fiscal Third Quarter 2022

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $1.7m contract from San Bernardino County Transportation Authority for a smart mobility, safety and sustainability program.

Iteris Awarded $1.7 Million by San Bernardino County Transportation Authority for Regional Smart Mobility, Safety and Sustainability Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris will conduct a conference call on Thursday, February 3 to discuss its financial results for the fiscal third quarter ended December 31, 2021.

Iteris Sets Fiscal Third Quarter 2022 Conference Call for Thursday, February 3, 2022 at 4:30 p.m. ET

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been selected by the Florida Department of Transportation as part of the SwRI team to develop a connected vehicle data exchange platform.

Iteris Selected to Support Development of Connected Vehicle Data Exchange Platform for Florida Department of Transportation

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been invited to present at the 24th Annual Needham Virtual Growth Conference on Wednesday, January 12.

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