Iteris, Inc. provides intelligent transportation systems technology solutions in Canada and Europe. It operates through Roadway Sensors and Transportation Systems segments. The Roadway Sensors segment offers detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage, VantageLive!, Vantage Next, VantagePegasus, VantageRadius, Vantage Vector, Velocity, SmartCycle, SmartCycle Bike Indicator, SmartSpan, VersiCam, PedTrax, and P-Series products. This segment also sells original equipment manufacturer products for the traffic intersection markets, such as traffic signal controllers and traffic signal equipment cabinets. The Transportation Systems segment offers engineering and consulting services, managed services, and traffic analytics solutions, as well as the development of transportation management and traveler information systems for the ITS industry; and planning, design, development, and implementation of software and hardware-based ITS systems that integrate sensors, video surveillance, computers, and advanced communications equipment; and distributes real-time information about traffic conditions. This segment offers iPeMS, a performance measurement and analytic solution; and commercial vehicle operations and vehicle safety compliance platforms under the ClearFleet, CVIEW Plus, Check-Point, UCRLink, and Inspect names. The company serves public transportation agencies, municipalities, commercial entities, government agencies, and other transportation infrastructure providers. Iteris, Inc. was incorporated in 1987 and is headquartered in Santa Ana, California.
IPO Year:
Exchange: NASDAQ
Website: iteris.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2024 | $11.00 | Buy | Maxim Group |
| 2/4/2022 | $6.00 → $4.50 | Buy → Hold | Craig-Hallum |
More Than 98% of Votes Cast at Special Meeting Voted for Transaction 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 will receive $7.20 per share of common stock, valuing Iteris at approximately $335 million equity value. The parties anticipate the transaction will close on or
Iteris Shareholders to Receive $7.20 Per Share in Cash, Representing Significant Premium of 68% 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 cash for each share of Iteris common stock. Iteris is a global leader in smart mobility infrastructure management with over 10,000 p
Record trailing six-month net bookings of $102.1 million and record ending backlog of $126.8 million 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 of March 31, 2024, up 2.4% year over year Gross profit of $17.3 million, or 37.9% of revenue, compared to $16.8 mill
Iteris detection and connected vehicle technology will work together to improve safety at high-impact intersections Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced its selection by the City of Lakeland, Florida to provide smart mobility infrastructure management technologies to support the city's Intersection Crash Avoidance Safety Program (iCASP). The project includes the deployment of Vantage Next®, Iteris' next-generation video detection system and VantageLive!®, an easy-to-use, web-based data service that allows users to view activity at their intersections by automatically collecting and analyzing veh
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 host the call, followed by a question and answer period. Date: Thursday, August 8, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-free dial-in number: +1 800-715-9871 International dial-in number: +1 646-307-1963 P
Iteris will provide managed services that support 511 traveler information operations region-wide Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced the Metropolitan Transportation Commission (MTC) has awarded Iteris a $3.75 million contract for ongoing operational support in the San Francisco Bay Area. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723760174/en/Iteris Receives $3.75 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission (Photo: Business Wire) Iteris has been providing MTC's 511 Traveler Information t
Iteris expertise will help the six-county Houston District reduce traffic congestion, improve safety, and increase sustainability Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the Texas Department of Transportation (TxDOT). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240627265118/en/Iteris announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2
Iteris' expertise will help identify traffic safety issues and develop solutions to enhance the safety of the region's roads Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen to support Stephenson County, Illinois and the Blackhawk Hills Regional Council in completing a safety analysis of the area's transportation infrastructure. Iteris is subconsultant to Kaskaskia Engineering Group, a trusted local full-service civil engineering, environmental, and contracting firm. Iteris will be an active part of their team, providing a safety analysis, equity analysis, and an identification of safety
Reports record net new bookings of $53.3 million for fiscal 2024 fourth quarter, up 20% year over year Iteris, Inc. (NASDAQ:ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal fourth quarter and full year ended March 31, 2024. Fiscal 2024 Fourth Quarter Financial Highlights Revenues of $42.8 million, up 1% compared to an unusually strong prior year period Gross margins of 37.4%, up 558 basis points year over year Record net new bookings of $53.3 million, up 20% year over year Backlog of $123.8 million as of March 31, 2024, up 8% year over year GAAP net income of $0.1 million, or $0.00 per diluted share, a $0
Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it will participate in the Northland Capital Markets Virtual Growth Conference on Tuesday, June 25, 2024. Iteris President and CEO Joe Bergera, and CFO Kerry Shiba will be hosting virtual one-on-one meetings with institutional investors throughout the day. For additional information or to schedule a virtual meeting with Iteris management, please contact your Northland Capital Markets representative, or Iteris' investor relations firm, MKR Investor Relations, at [email protected]. About Iteris, Inc. Iteris is the world's trusted technology ecosystem f
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Experience in infrastructure and technology will enhance the company's strategic planning and capital allocation Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that Gary Hall, partner and president of infrastructure & public finance for Siebert Williams Shank & Company, and Kimberly Valentine-Poska, managing director at Global Capital Markets, Inc., have been appointed to its board of directors. Mr. Hall has an extensive background in infrastructure, public finance and regulatory work and is currently a partner and president of infrastructure & public finance for Siebert Williams Shank & Company, the nati
SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has granted inducement awards to 17 new non-executive employees, who joined the company as a result of the recent TrafficCast International, Inc. acquisition. The awards were made on January 1, 2021 under Iteris’ 2020 Employment Inducement Incentive Award Plan, which provides for the granting of equity awards to new employees of Iteris as an inducement to join the company. The inducement awards to the 17 new non-executive employees consist of options to purchase an aggregate of 95,000 shares of Iteris common stock and 68,156 restrict
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Maxim Group initiated coverage of Iteris Holdings with a rating of Buy and set a new price target of $11.00
Craig-Hallum downgraded Iteris from Buy to Hold and set a new price target of $4.50 from $6.00 previously
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Record trailing six-month net bookings of $102.1 million and record ending backlog of $126.8 million 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 of March 31, 2024, up 2.4% year over year Gross profit of $17.3 million, or 37.9% of revenue, compared to $16.8 mill
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 host the call, followed by a question and answer period. Date: Thursday, August 8, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-free dial-in number: +1 800-715-9871 International dial-in number: +1 646-307-1963 P
Reports record net new bookings of $53.3 million for fiscal 2024 fourth quarter, up 20% year over year Iteris, Inc. (NASDAQ:ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal fourth quarter and full year ended March 31, 2024. Fiscal 2024 Fourth Quarter Financial Highlights Revenues of $42.8 million, up 1% compared to an unusually strong prior year period Gross margins of 37.4%, up 558 basis points year over year Record net new bookings of $53.3 million, up 20% year over year Backlog of $123.8 million as of March 31, 2024, up 8% year over year GAAP net income of $0.1 million, or $0.00 per diluted share, a $0
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 Kerry Shiba will host the call, followed by a question and answer period. Date: Thursday, June 13, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-free dial-in number: +1 888-506-0062 International dial-in number: +1
Nine-Month Adjusted EBITDA of $10.0 million, an $18.1 million improvement from the prior year period Iteris, Inc. (NASDAQ:ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal 2024 third quarter ended December 31, 2023. Fiscal 2024 Third Quarter Financial and Business Highlights Revenue of $42.1 million, up 4% year over year compared to an unusually strong prior year period Gross margins of 36.9%, up 780 basis points year over year GAAP net income of $0.4 million, or $0.01 per share, a $2.4 million, or $0.06 per share improvement from the prior year Adjusted EBITDA of $3.1 million, equivalent to $0.07 per share,
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 will host the call, followed by a question and answer period. Date: Thursday, February 8, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-free dial-in number: +1 888-506-0062 International dial-in number: +1 973-52
Adjusted EBITDA of $2.9 million, representing an $8.1 million improvement year over year Iteris, Inc. (NASDAQ:ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal 2024 second quarter ended September 30, 2023. Fiscal 2024 Second Quarter Financial Highlights Record revenue of $43.6 million, up 11% year over year Gross margins of 37.3%, up 2,060 basis points year over year due to successful supply chain improvement plan GAAP net income of $0.6 million, or $0.01 per share, a $7.9 million, or $0.18 per share improvement from the prior year Adjusted EBITDA of $2.9 million, an $8.1 million improvement, consistent with
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, November 9 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal second quarter ended September 30, 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 will host the call, followed by a question and answer period. Date: Thursday, November 9, 2023 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-free dial-in number: +1 877-545-0523 International dial-in number: +1 973-52
Record adjusted EBITDA of $3.7 million, representing a $6.1 million improvement year over year Iteris, Inc. (NASDAQ:ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal 2024 first quarter, which ended June 30, 2023. Fiscal 2024 First Quarter Financial Highlights Record revenue of $43.5 million, up 29% year over year Gross margins of 38.6%, up 840 basis points year over year and 680 basis points sequentially GAAP net income of $2.1 million, or $0.05 per share, a $7.0 million, or $0.16 per share improvement from the prior year Record adjusted EBITDA of $3.7 million, or 8.4% of revenue, a $6.1 million improvement y
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 Tuesday, August 8 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, 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 will host the call, followed by a question and answer period. Date: Tuesday, August 8, 2023 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll-free dial-in number: +1 877-545-0523 International dial-in number: +1 973-528-0016 Parti