Welcome to our dedicated page for Iteris news (Ticker: ITI), a resource for investors and traders seeking the latest updates and insights on Iteris stock.
Overview
Iteris, Inc. (ITI) leverages the power of big data and advanced analytics to transform transportation and agriculture. With a specialization in applied informatics, Iteris collects, aggregates, and analyzes data from various sources such as traffic patterns, road conditions, weather, water, soil, and crop health. These capabilities enable municipalities, government entities, crop science companies, and agronomists to make informed decisions that enhance road safety and optimize farm productivity. The company employs cutting-edge technology to process vast amounts of information, turning raw data into breakthrough solutions that address everyday challenges in transportation and agriculture.
Business Model and Operations
At its core, Iteris operates on a model that integrates data acquisition with sophisticated analytical tools. By providing comprehensive datasets and actionable insights, the company helps clients reduce risk, improve operational efficiency, and create safer travel and sustainable farming environments. Revenue is generated through tailored analytic services, including data subscriptions and licensing solutions that allow customers to access proprietary information and industry-specific intelligence. The company’s robust analytical frameworks and systematic approach to informatics are key drivers of its market significance.
Technological Excellence and Industry Position
Iteris stands out in the competitive landscape by utilizing technologies such as machine learning, sensor integration, and predictive analytics. These industry-specific tools facilitate the transformation of complex data into clear, valuable insights for decision-makers. The company's detailed and precise classification of traffic and environmental data underscores its authority in the big data domain. Iteris's methodical use of data not only promotes safer transportation systems but also supports the development of smarter, more sustainable agricultural practices.
Core Value Proposition
The primary value of Iteris lies in its ability to bridge the gap between raw data and intelligent decision-making. Customers benefit from a comprehensive analytics platform that contextualizes information into meaningful guidance for improving public safety and optimizing resource management. By maintaining a strong focus on applied informatics, Iteris ensures that its solutions are both relevant and impactful, addressing the immediate needs of its diverse user base. The company’s interdisciplinary approach, combining data science with practical industry applications, reinforces its position as an indispensable resource in transportation and agriculture.
Competitive Advantage and Market Significance
- Specialized Data Analytics: Iteris uses advanced analytics tailored to address specific challenges within transportation and agriculture, ensuring clients receive targeted insights.
- Integrated Systems: The company’s technology platform seamlessly integrates multiple data streams, from environmental factors to traffic metrics, providing a holistic view of critical operational parameters.
- Industry Expertise: With years of experience in the applied informatics space, Iteris demonstrates deep knowledge of both the technical and practical aspects of data-driven decision-making.
Understanding the Impact
The solutions provided by Iteris empower a range of stakeholders—from city planners striving for safer road designs to farmers seeking to increase crop efficiency. The ability to turn complex variable data into actionable insights helps reduce operational costs and mitigate risks associated with unpredictable environmental conditions. This balance of technical innovation and practical application illustrates why Iteris remains a pivotal player in the industries it serves.
Iteris, Inc. (NASDAQ: ITI), a leader in smart mobility infrastructure management, will present at the 24th Annual Oppenheimer & Co Technology, Internet & Communications Conference on August 11, 2021. The presentation, scheduled for 3:45 p.m. ET (12:45 p.m. PT), will be led by President and CEO Joe Bergera and CFO Douglas Groves. Investors can arrange virtual meetings with Iteris management throughout the day. For more details or to schedule meetings, contact Oppenheimer representatives or MKR Investor Relations at ITI@mkr-group.com.
Iteris, Inc. (NASDAQ: ITI) has been selected by the City of Lake Forest, California for a multi-year smart mobility program aimed at reducing congestion and enhancing safety. This significant contract involves the delivery of Congestion Management for Arterials services, leveraging Iteris' cloud-enabled managed services and ClearGuide™ software solutions. The project aims to analyze traffic trends, identify infrastructure improvements, and optimize signal timing across the city.
Iteris, Inc. (NASDAQ: ITI) will host a conference call on August 5, 2021, at 4:30 p.m. ET, to discuss its fiscal Q1 results ended June 30, 2021. The financial results will precede the call in a press release. The event will be led by CEO Joe Bergera and CFO Douglas Groves, followed by a Q&A session. Interested parties can join via a toll-free number or through a live webcast on the company's investor relations page. A replay will be available after the call until August 12, 2021.
Iteris (NASDAQ: ITI) announced two contracts valued at $1.5 million with the Los Angeles County Metropolitan Transportation Authority for smart mobility planning services. These contracts will focus on converting high-occupancy vehicle lanes to high-occupancy toll lanes on major freeways, specifically the I-405 and I-10. The initiative aims to alleviate congestion, enhance traffic efficiency, and serve approximately 600,000 daily users across over 25 miles of freeway. The project highlights the growing demand for Iteris’ expertise in smart mobility solutions.
Iteris, Inc (NASDAQ: ITI) has secured two additional contracts from the Utah Department of Transportation (UDOT) worth over $2.7 million, reflecting the growing demand for its smart mobility solutions. These contracts will enhance safety compliance for commercial motor carriers and improve transportation analytics through Iteris' SaaS offerings, including CVIEWplus™ and ClearGuide™. The collaboration also extends UDOT's access to real-time data for traffic monitoring, emphasizing Iteris' commitment to advancing transportation infrastructure in the western U.S.
Iteris, Inc. (NASDAQ: ITI) reported strong fiscal fourth quarter and full year 2021 results. Total revenue reached a record $31.7 million, a 10% increase year over year, contributing to an overall annual revenue of $117.1 million, up 9%. The company achieved a net income of $0.5 million for the year, an improvement from a loss of $1.8 million the previous year. Despite a GAAP net loss of $0.4 million for Q4, the ending backlog grew to $78 million, up 26%. For fiscal 2022, management projects revenue between $132 million and $142 million, indicating potential growth of up to 22%.
Iteris, Inc. (NASDAQ: ITI), a leader in smart mobility infrastructure management, announced participation in the Stifel 2021 Virtual Cross Sector Insight Investor Conference on June 8, 2021. President and CEO Joe Bergera and CFO Douglas Groves will conduct virtual meetings with investors throughout the event. For further details or to arrange a meeting with Iteris management, stakeholders are encouraged to reach out to their Stifel representative or contact MKR Investor Relations at ITI@mkr-group.com.
Iteris, Inc. (NASDAQ: ITI), a leader in smart mobility infrastructure management, will participate in the 18th Annual Craig-Hallum Institutional Investor Virtual Conference on June 2, 2021. President and CEO Joe Bergera and CFO Douglas Groves will conduct virtual meetings with investors throughout the day. Interested parties can arrange meetings through Craig-Hallum or Iteris' investor relations firm, MKR Investor Relations, via ITI@mkr-group.com. For more details on the company’s initiatives, visit www.iteris.com.
Iteris, Inc. (NASDAQ: ITI) will hold a conference call on June 1, 2021, at 4:30 p.m. ET to discuss its financial results for the fourth quarter and full year ending March 31, 2021. This follow-up call will be hosted by Joe Bergera, president and CEO, and Douglas Groves, CFO. Investors can dial in 5-10 minutes early using the toll-free number +1 800-367-2403. A replay will be available post-call until June 8, 2021. Iteris specializes in smart mobility infrastructure management, utilizing advanced technologies for sustainable mobility solutions.
Iteris, Inc. (NASDAQ: ITI) has secured a three-year contract valued at up to $1.1 million from the City of San Antonio for traffic signal optimization. This agreement underscores the company's growing footprint in Texas, which is a strategic market for Iteris, as evidenced by seven major contracts awarded in recent years. The project involves enhancing traffic signal timing at over 1,400 intersections in San Antonio, demonstrating Iteris' expertise in smart mobility infrastructure management.
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