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) will host a virtual Investor Day on December 17, 2020, starting at 1:00 p.m. Eastern Time. The event, led by CEO Joe Bergera and CFO Douglas Groves, will cover key topics such as the smart mobility infrastructure market, product offerings, growth strategies, and a financial outlook. Notable speakers include Todd Kreter and Ramin Massoumi, along with guest speaker Shailen Bhatt, CEO of the Intelligent Transportation Society of America. A Q&A session will conclude the presentation. Attendees can register online for the event.
Iteris, Inc. (NASDAQ: ITI) announced its acquisition of TrafficCast International for $16 million in cash, plus a $1 million earn-out based on revenue targets. TrafficCast, which generated $14.6 million in revenue for the trailing 12 months, specializes in travel information technology for both commercial and public sector clients. The acquisition strengthens Iteris' position in smart mobility infrastructure, aligning with its ClearMobility™ Platform. Management expressed optimism about future growth opportunities and acquisition strategies following the deal.
Iteris, Inc. (NASDAQ: ITI), a leader in smart mobility infrastructure management, will present at the Northland IoT, AI and Safety Virtual Technology Conference on December 7. CEO Joe Bergera and CFO Douglas Groves are scheduled to speak at 2:30 p.m. ET. They will also engage in one-on-one virtual meetings during the event. Interested attendees can register here for the live webcast, which will also be available for replay on the company's investor relations website.
Iteris, Inc. (NASDAQ: ITI) has secured a four-year, on-call professional services contract worth up to $8 million from the Hillsborough County Board of County Commissioners. This initiative focuses on smart mobility and safety, highlighting the demand for Iteris’ consulting and SaaS solutions. Services will include traffic signal management and operations support, utilizing the upgraded ClearGuide mobility intelligence platform. The program aims to enhance travel efficiency and safety in Hillsborough County, benefiting communities such as Tampa and Plant City.
Iteris, Inc. (NASDAQ: ITI), a leader in smart mobility infrastructure management, will participate in the Craig-Hallum 11th Annual Alpha Select Virtual Conference on November 17, 2020. President and CEO Joe Bergera, along with CFO Douglas Groves, will conduct virtual meetings with investors throughout the event. Those interested in scheduling a meeting can contact Craig-Hallum representatives or MKR Investor Relations at ITI@mkr-group.com. Iteris focuses on utilizing advanced technology to enhance road safety and travel efficiency.
Iteris, Inc. (NASDAQ: ITI) reported a strong fiscal Q2 2021, with total revenue rising 10% year over year to $29.3 million, driven by a 14% increase in Roadway Sensors and a 7% rise in Transportation Systems. The company achieved net bookings of $34.5 million, up 6% year over year, reflecting strong market demand. GAAP net income from continuing operations improved to $0.7 million, or $0.02 per diluted share. Adjusted EBITDA also rose to $2.0 million, marking a significant year-over-year increase. Despite economic challenges, Iteris is positioned for long-term growth.
Iteris, Inc. (NASDAQ: ITI) has secured a five-year, $5 million professional services contract from the Florida Department of Transportation (FDOT) for a regional traffic signal retiming program. This project involves enhancements at over 1,100 intersections in Tampa, which represents about 20% of Florida's total signalized intersections. The main objectives are to improve traffic flow, safety, and reduce stops through optimized signal coordination and timing plans. Iteris is set to begin the project immediately, reinforcing its position in the smart mobility sector.
Iteris, Inc. (NASDAQ: ITI) has announced a conference call scheduled for November 4, 2020, at 4:30 p.m. ET to discuss its financial results for the fiscal second quarter ended September 30, 2020. The results will precede the call, which will be hosted by CEO Joe Bergera and CFO Douglas Groves. Investors can join the call via toll-free and international dial-in numbers provided. A replay will be available until November 11, 2020. For more details, visit the investor relations section on Iteris’ website.
Iteris (NASDAQ: ITI) has secured a $6.9 million contract from the Metropolitan Transportation Commission (MTC) for operational services at two Bay Area operations centers. This three-year agreement includes options for an additional four years and focuses on staffing and management for the 511 Operations Center in Oakland and the Regional Operations Center in San Francisco. The centers aim to enhance traffic information dissemination and congestion management, supporting over 63 million interactions through Iteris's ClearMobility™ Platform in the past year.
Iteris (NASDAQ: ITI) announced a $4.7 million contract with the Orange County Transportation Authority (OCTA) for a traffic signal synchronization project. The three-year initiative aims to enhance traffic flow, public safety, and reduce stops through improved signal coordination across key intersections along Katella Avenue, spanning eight cities in Orange County, California. The project leverages Iteris' Intersection-as-a-Service™ and ClearMobility™ Platform for proactive monitoring and optimized traffic management. Services begin immediately, building on a previous $3.6 million contract awarded in January 2020.
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