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Iteris - ITI STOCK NEWS

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.

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Iteris, Inc. (NASDAQ: ITI) secures a one-year contract from the South Dakota Department of Transportation to enhance the 511 traveler information system. The contract includes new features such as county and tribe road closure updates and automation of state highway network map updates. Iteris will also provide operation and maintenance services for the system, website, mobile apps, and interactive voice response number.
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Iteris, Inc. (NASDAQ: ITI) secures a $3 million contract with the Texas Department of Transportation San Antonio District for smart mobility and traffic engineering services, marking their third contract with a total value of $8 million in the last six years. The agreement includes developing construction plans and deploying various smart infrastructure solutions to reduce congestion, enhance safety, and promote sustainability in the twelve-county area.
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Iteris, Inc. (NASDAQ: ITI) secures a $1 million contract from Ventura County Transportation Commission for its ClearGuide solution to enhance mobility analytics and traffic volume data in the region, utilizing AI-powered technology.
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Iteris, Inc. (NASDAQ: ITI) secures a new contract with the Virginia Department of Transportation for a smart mobility initiative. The contract involves developing a Traffic Operations Strategic Plan (TOSP) to enhance safety, accessibility, and efficiency statewide.
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Iteris, Inc. (ITI) secures $2 million in contracts from the Federal Highway Administration for training programs aimed at improving transportation safety and mobility nationwide. The five-year deal highlights Iteris' expertise in developing and delivering educational courses for transportation professionals over two decades.
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Iteris, Inc. (NASDAQ: ITI) secures a $900,000 contract with the City of Downey in Los Angeles County, California for a regional smart mobility project. The project aims to improve traffic flow for bus transportation by installing technology to enable buses to request priority at signalized intersections. This initiative is part of Iteris' Intelligent Transportation Systems (ITS) Build initiative, offering specialized ITS installation services for traffic sensors and other hardware, with benefits including streamlined procurement, accelerated implementation, and cost savings.
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Iteris, Inc. (ITI) reported record revenue of $129.2 million for the fiscal year 2024, representing a 14% increase year over year. The company also achieved a 4% year over year increase in revenue for the fiscal 2024 third quarter, reaching $42.1 million. Gross margins improved significantly, reaching 37.6% for the fiscal year, and 36.9% for the third quarter, up 1,250 basis points and 780 basis points year over year, respectively. Adjusted EBITDA for the nine-month period was $10.0 million, a substantial $18.1 million improvement from the prior year. The company's cash and cash equivalents stood at $21.2 million as of December 31, 2023, reflecting positive net cashflow of $0.9 million. Iteris also announced a new partnership with Arity, a mobility data and analytics company. The company is tightening its full-year total revenue guidance to a range of $171.0 million to $173.0 million, representing organic growth of 10% year over year at the mid-point. Despite the positive financial performance, temporary customer delays due to current budget uncertainty and agency labor constraints are impacting the full-year outlook.
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Iteris, Inc. (NASDAQ: ITI) has announced a new agreement with Arity, a mobility data and analytics company, to integrate a broader suite of traffic data solutions from Arity into Iteris’ ClearMobility® Platform. Arity collects nearly four million trips every hour from its 40 million users, or 15% of US licensed drivers, generating extensive near-real-time trip data. This partnership aims to improve traffic flow, intersection signal timing, and urban bottlenecks, ultimately making transportation smarter, safer, and more efficient.
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Iteris, Inc. (NASDAQ: ITI) will conduct a conference call to discuss its financial results for the fiscal third quarter ended December 31, 2023. The call will be hosted by president and CEO Joe Bergera and CFO Kerry Shiba. It will include a live Q&A session with sell-side analysts and pre-submitted questions. The call will take place on Thursday, February 8th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time).
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Iteris, Inc. (NASDAQ: ITI) has been awarded contracts for traffic engineering, signal coordination, and signal timing services for two Illinois-based transportation agencies, with a combined value of approximately $6.0M. The contracts aim to improve safety, mobility, and sustainability by reducing stops and traffic congestion, minimizing delays, and reducing emissions from vehicles. These contracts further solidify Iteris' presence in the Midwest region and enhance its large presence in the Chicago suburban area.
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FAQ

What is the current stock price of Iteris (ITI)?

The current stock price of Iteris (ITI) is $7.195 as of February 7, 2025.

What is the market cap of Iteris (ITI)?

The market cap of Iteris (ITI) is approximately 309.5M.

What is the core business of Iteris, Inc.?

Iteris specializes in applied informatics, transforming big data into actionable insights for the transportation and agriculture sectors. Their solutions focus on enhancing road safety and optimizing farming practices.

How does Iteris generate revenue?

The company generates revenue through subscription-based data services, licensing solutions, and tailored analytics that provide clients with crucial operational insights in transportation and agriculture.

Which industries does Iteris primarily serve?

Iteris serves a diverse range of industries including municipal governments, transportation planners, crop science companies, and agriculture professionals, all seeking data-driven solutions for safety and efficiency.

What makes Iteris unique in its market?

Iteris stands out by integrating multiple data streams—from environmental conditions to traffic metrics—into a unified analytics platform, enabling precise decision-making and operational improvements.

How does Iteris utilize technology in its operations?

The company employs advanced technologies like machine learning, sensor integration, and predictive analytics to process large volumes of data and deliver actionable, industry-specific insights.

How do Iteris's solutions benefit transportation and agriculture?

Iteris's analytics help reduce risks in transportation by optimizing traffic flow and road safety measures, while also supporting sustainable agricultural practices by enhancing farm productivity and resource management.

How does Iteris compare with other data analytics companies?

While many firms focus on generic data processing, Iteris distinguishes itself through specialized analytics tailored to the complexities of transportation and agriculture, providing in-depth, practical insights for clients.

What challenges does Iteris address in its market?

The company tackles issues related to inefficiencies in traffic management and the unpredictability of agricultural environments by converting complex datasets into clear, actionable intelligence, aiding better decision-making.
Iteris

Nasdaq:ITI

ITI Rankings

ITI Stock Data

309.47M
42.07M
2.26%
53.91%
1.51%
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