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.
Iteris, Inc. (ITI) delivers transformative data solutions for transportation networks and agricultural operations through advanced analytics. This news hub provides investors and industry professionals with direct access to official corporate announcements, financial updates, and operational developments.
Stay informed about ITI's latest innovations in traffic management systems, environmental sensing technologies, and farm optimization tools. Our curated collection includes earnings reports, strategic partnerships, product launches, and regulatory filings – all essential for understanding the company's market position.
Key updates cover transportation safety initiatives, precision agriculture advancements, and smart city infrastructure projects. Bookmark this page for real-time access to verified information about ITI's data-driven solutions that enhance mobility efficiency and agricultural sustainability.
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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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Nasdaq:ITI
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Communication Equipment
Communications Equipment, Nec
United States
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