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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.

Rhea-AI Summary
Iteris, Inc. (NASDAQ: ITI) launches Vantage CV™, a cutting-edge integrated detection and connected vehicle system for safer intersections. Vantage CV combines traffic detection, cellular vehicle-to-everything (C-V2X) transportation infrastructure communications, and connected vehicle safety applications into a single solution with advanced safety features, scalable design, and complete intersection coverage. The system integrates traffic detection data from Iteris' Vantage Apex® or Vantage Next® detection systems and software to generate real-time safety alerts distributed to connected vehicles via the BlueTOAD® Spectra CV roadside unit. As part of the launch, Iteris also released VantageARGUS CV™, an essential software component providing CV data visualization, travel times, dynamic corridor analysis, and other system monitoring and analytics capabilities.
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Iteris, Inc. (NASDAQ: ITI) introduces VantageCare®, a cloud-enabled managed service program to optimize traffic detection technologies for transportation agencies. The program offers three plans - Standard, Maintenance Assist, and Performance Assist - to provide increasing levels of support and features for efficient, safe, and reliable travel through intersections. VantageCare is compatible with Vantage Next®, Vantage Apex®, and VantageRadius® detection systems and is a key component of Iteris’ ClearMobility® Platform.
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Iteris, Inc. (NASDAQ: ITI) announces participation in Northland Capital Markets Virtual Artificial Intelligence Investor Conference. President and CEO Joe Bergera and CTO Todd Kreter will discuss the company's use of AI machine learning in the Iteris ClearMobility® Platform for transportation purposes.
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Iteris, Inc. (NASDAQ: ITI) has been awarded a $13.3 million contract by the Metropolitan Transportation Commission (MTC) to provide managed services supporting traveler information and toll lane operations in the San Francisco Bay Area. The contract, extending through June 2027, entails Iteris continuing to support MTC's 511 Traveler Information and Bay Area Express Lanes Operations Programs, which includes real-time traffic operations and monitoring of 125 miles of Bay Area Express Lanes on I-680, I-880, and US-101.
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Iteris, Inc. (NASDAQ: ITI) reported a $2.9 million Adjusted EBITDA, an $8.1 million improvement year over year. The company also posted record revenue of $43.6 million, a 11% increase, and notable new contracts, including a $9.5 million deal with the US Department of Transportation. Fiscal 2024 third quarter total revenue guidance is in the range of $41.0 million to $43.0 million, with a full-year total revenue guidance raised to a range of $171.0 million to $175.0 million.
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Iteris, Inc. has been awarded a three-year contract with a ceiling of $9.5 million from the Federal Highway Administration Intelligent Transportation Systems Joint Program Office (ITS JPO) to provide support for the nation's Intelligent Transportation Systems (ITS) reference architecture program. Iteris will help evolve the Architecture Reference for Cooperative and Intelligent Transportation (ARC-IT) to reflect ongoing changes in ITS, including new capabilities enabled by automation, connectivity, and emerging technology. The program aims to encourage interoperability and emerging technology preparedness through workshops, training, and technical assistance.
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Iteris, Inc. will conduct a conference call on November 9 to discuss its financial results for the fiscal second quarter ended September 30, 2023.
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Iteris awarded $1.2 million contract for smart mobility project in Orange County
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Iteris, Inc. has launched Vantage Next Max, a new central control unit that doubles the number of sensors supported on the Vantage Next platform from four to eight sensors per in-cabinet processor. This expands the platform's total addressable market and extends its total cost of ownership advantage. Vantage Next Max is ideal for larger or uniquely-configured intersections with up to ten lanes, diverging diamond interchanges, and locations with special requirements. It allows for comprehensive detection coverage, saving time and effort for traffic engineers and system integrators. This new product enables Iteris and the Vantage platform to address a new and growing segment of the market. The Vantage detection product suite is a key component of Iteris' ClearMobility Platform, providing a complete solution for monitoring and optimizing mobility infrastructure. Vantage Next Max improves traffic operations, reduces emissions, and enhances safety for large intersections.
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Iteris awarded $1.0 million contract for Smart Corridor Project in northern California
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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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