Iteris Receives $3.75M Contract From San Francisco Bay Area Metropolitan Transportation Commission

7/23/24 8:33:35 AM ET

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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.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
4/30/2024	$11.00	Buy	Maxim Group
2/4/2022	$6.00 → $4.50	Buy → Hold	Craig-Hallum

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Iteris Reports Record Quarterly Revenue of $45.8 Million
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
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Iteris Sets Fiscal First Quarter 2025 Conference Call for Thursday, August 8, 2024 at 4:30 p.m. ET
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
7/29/24 8:30:00 AM ET
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Iteris Reports Record Fiscal 2024 Full Year Revenue of $172.0 million, Up 10% Year Over Year
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
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Iteris Stockholders Approve Merger Agreement with Almaviva
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
10/23/24 6:36:00 AM ET
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Iteris to Be Acquired by Almaviva for $335 Million
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
8/9/24 2:02:00 AM ET
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Iteris Reports Record Quarterly Revenue of $45.8 Million
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
8/8/24 4:05:00 PM ET
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Iteris Receives $3.75M Contract From San Francisco Bay Area Metropolitan Transportation Commission

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Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Valentine-Poska Kimberly bought $50,200 worth of shares (10,000 units at $5.02), increasing direct ownership by 57% to 27,429 units (SEC Form 4)

$ITI
Financials

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Iteris Reports Record Quarterly Revenue of $45.8 Million

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

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

$ITI
Press Releases

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Iteris Stockholders Approve Merger Agreement with Almaviva

Iteris to Be Acquired by Almaviva for $335 Million

Iteris Reports Record Quarterly Revenue of $45.8 Million

$ITI
Large Ownership Changes

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SEC Form SC 13G filed by Iteris Inc.

SEC Form SC 13G/A filed by Iteris Inc. (Amendment)

SEC Form SC 13G/A filed by Iteris Inc. (Amendment)

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SEC Form EFFECT filed by Iteris Inc.

SEC Form EFFECT filed by Iteris Inc.

SEC Form RW filed by Iteris Inc.

Iteris Appoints Gary Hall and Kimberly Valentine-Poska to its Board of Directors

Iteris Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

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Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Mooney Gerard returned $874,505 worth of shares to the company (121,459 units at $7.20), closing all direct ownership in the company (SEC Form 4)

Senior Vice President Kreter Todd returned $695,844 worth of shares to the company (96,645 units at $7.20), closing all direct ownership in the company (SEC Form 4)

Director Valentine-Poska Kimberly returned $277,596 worth of shares to the company (38,555 units at $7.20), closing all direct ownership in the company (SEC Form 4)

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Maxim Group initiated coverage on Iteris Holdings with a new price target

Iteris downgraded by Craig-Hallum with a new price target

Iteris Receives $3.75M Contract From San Francisco Bay Area Metropolitan Transportation Commission

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Recent Analyst Ratings for $ITI

$ITI Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Valentine-Poska Kimberly bought $50,200 worth of shares (10,000 units at $5.02), increasing direct ownership by 57% to 27,429 units (SEC Form 4)

$ITI Financials

Live finance-specific insights

Iteris Reports Record Quarterly Revenue of $45.8 Million

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

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

$ITI Press Releases

Fastest customizable press release news feed in the world

Iteris Stockholders Approve Merger Agreement with Almaviva

Iteris to Be Acquired by Almaviva for $335 Million

Iteris Reports Record Quarterly Revenue of $45.8 Million

$ITI Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by Iteris Inc.

SEC Form SC 13G/A filed by Iteris Inc. (Amendment)

SEC Form SC 13G/A filed by Iteris Inc. (Amendment)

$ITI SEC Filings

$ITI Leadership Updates

Live Leadership Updates

SEC Form EFFECT filed by Iteris Inc.

SEC Form EFFECT filed by Iteris Inc.

SEC Form RW filed by Iteris Inc.

Iteris Appoints Gary Hall and Kimberly Valentine-Poska to its Board of Directors

Iteris Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

$ITI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Mooney Gerard returned $874,505 worth of shares to the company (121,459 units at $7.20), closing all direct ownership in the company (SEC Form 4)

Senior Vice President Kreter Todd returned $695,844 worth of shares to the company (96,645 units at $7.20), closing all direct ownership in the company (SEC Form 4)

Director Valentine-Poska Kimberly returned $277,596 worth of shares to the company (38,555 units at $7.20), closing all direct ownership in the company (SEC Form 4)

$ITI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Maxim Group initiated coverage on Iteris Holdings with a new price target

Iteris downgraded by Craig-Hallum with a new price target

Recent Analyst Ratings for
$ITI

$ITI
Insider Purchases

$ITI
Financials

$ITI
Press Releases

$ITI
Large Ownership Changes

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SEC Filings

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Leadership Updates

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Insider Trading

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Analyst Ratings