Iteris Stock Price, News & Analysis

Iteris has launched Vantage Fusion, a hybrid traffic detection system in collaboration with Continental. This advanced system delivers real-time visualization and unmatched detection accuracy for vehicles, pedestrians, and cyclists, enhancing safety and sustainability. Vantage Fusion marks the first solution from the partnership aimed at preparing cities and automotive OEMs for the future of connected and automated vehicles. The technology supports Vision Zero goals, striving to reduce traffic-related fatalities.

Iteris, Inc. (NASDAQ: ITI) announced a virtual investor technology update scheduled for December 7, 2021, starting at 1:00 p.m. Eastern time. The event will be led by president and CEO Joe Bergera and CFO Douglas Groves, covering the company's strategy, ClearMobility™ platform, and opportunities in the connected and automated vehicle market. It will also address the Infrastructure Investment and Jobs Act impact and provide a long-term financial outlook. Participants can submit questions by December 6, 2021. Register for the webcast here.

Iteris, Inc. (NASDAQ: ITI) reported its fiscal second quarter 2022 results, with total revenues of $33.2 million, reflecting a 14% increase year-over-year. The company achieved a record total ending backlog of $83.4 million, also up 14% year-over-year. Despite a GAAP net loss of $2.1 million attributable to a one-time, non-cash charge, adjusted EBITDA improved 18% to $2.3 million. The full-year revenue guidance remains between $134 million and $142 million, indicating projected growth of 15% to 21%.

Iteris, Inc. (NASDAQ: ITI) will participate in the Craig-Hallum 12th Annual Alpha Select Virtual Conference on November 16, 2021. The company's president and CEO, Joe Bergera, and CFO, Douglas Groves, are set to host virtual one-on-one meetings with investors throughout the day. Interested parties can reach out for scheduling through their Craig-Hallum representative or by contacting MKR Investor Relations at ITI@mkr-group.com.

Iteris is a leader in smart mobility infrastructure management, focusing on creating safe, efficient, and sustainable mobility solutions.

Iteris, a leader in smart mobility infrastructure management, has secured multi-year task orders worth $1.46 million from the Federal Highway Administration (FHWA). These orders focus on the development and delivery of training and workforce development programs through the National Highway Institute (NHI). The agreements, part of a larger $9 million IDIQ contract, aim to enhance various transportation sectors, including cybersecurity and logistics. Iteris continues to play a crucial role in improving safety and efficiency in transportation across the U.S.