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Iteris, Inc. - 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.

Iteris, Inc. (NASDAQ: ITI) is a global front-runner in applied informatics, particularly within the transportation and agriculture sectors. The company specializes in transforming vast amounts of data into actionable insights that drive significant advancements. By collecting, aggregating, and analyzing information on traffic, roads, weather, water, soil, and crops, Iteris provides precise informatics that enhance safety in transportation and promote smarter farming practices.

Municipalities, government agencies, crop science companies, farmers, and agronomists worldwide rely on Iteris' solutions to make roads safer, travel more efficient, and farmlands more sustainable, healthy, and productive. The company's extensive portfolio includes smart mobility infrastructure management solutions such as traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, and advanced sensing devices.

Iteris offers cloud-enabled, end-to-end solutions that empower public transportation agencies, municipalities, commercial entities, and other transportation infrastructure providers to monitor, visualize, and optimize mobility infrastructure. This leads to safer, more efficient, and sustainable transportation for all. Among its software solutions are ClearGuide, ClearRoute, Commercial Vehicle Operations, BlueArgus, and TrafficCarma.

Recently, Iteris has made significant strides in enhancing its offerings and expanding its market presence. The company has formed strategic partnerships and launched innovative projects that leverage cutting-edge technology to address emerging needs in both transportation and agriculture sectors. Financially, Iteris continues to show solid performance, reflecting its robust business model and commitment to delivering high-value solutions.

For more information, visit www.iteris.com.

News

Iteris Launches Cutting-Edge Integrated Detection and Connected Vehicle System for Safety Applications

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 Introduces Multi-Level Cloud-Enabled Managed Services to Optimize Traffic Detection

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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 to Participate in Fireside Chat at the Northland Capital Markets Virtual Artificial Intelligence Investor Conference on December 14, 2023

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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 Receives $13.3 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission

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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 Reports Record Second Quarter Revenue of $43.6 Million, Up 11% Year Over Year and GAAP Net Income of $0.6 Million, a $7.9 Million Improvement Year over Year

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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 Awarded Federal Highway Administration Contract for Intelligent Transportation Systems Architecture Program

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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 Sets Fiscal Second Quarter 2024 Conference Call for Thursday, November 9, 2023 at 4:30 p.m. ET

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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 by the City of Yorba Linda for a Regional Smart Mobility Initiative

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Iteris awarded $1.2 million contract for smart mobility project in Orange County
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Iteris Expands Capacity of Vantage Detection Platform with Release of Vantage Next Max™

Rhea-AI Summary
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 4.5 Year Contract for the City/County Association of Governments of San Mateo County’s Smart Corridor Project

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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 November 1, 2024.

What is the market cap of Iteris (ITI)?

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

What does Iteris, Inc. specialize in?

Iteris specializes in applied informatics for transportation and agriculture, turning data into actionable insights.

Who uses Iteris' solutions?

Municipalities, government agencies, crop science companies, farmers, and agronomists utilize Iteris' solutions globally.

What are some of Iteris' key software solutions?

Key software solutions include ClearGuide, ClearRoute, Commercial Vehicle Operations, BlueArgus, and TrafficCarma.

How does Iteris contribute to transportation safety?

Iteris enhances transportation safety by providing data-driven insights that optimize mobility infrastructure and traffic management.

What role does Iteris play in agriculture?

Iteris helps make farmlands more sustainable, healthy, and productive by providing precise agricultural informatics.

What recent achievements has Iteris made?

Iteris has formed strategic partnerships and launched innovative projects to further enhance its offerings in transportation and agriculture.

How does Iteris support public transportation agencies?

Iteris provides cloud-enabled solutions that help public transportation agencies monitor, visualize, and optimize mobility infrastructure.

What is the financial condition of Iteris?

Iteris continues to show solid financial performance, reflecting its strong business model and high-value solutions.

Where can I find more information about Iteris?

More information about Iteris can be found on their website at www.iteris.com.

What is the ticker symbol for Iteris, Inc.?

The ticker symbol for Iteris, Inc. is ITI.

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Iteris, Inc.

Nasdaq:ITI

ITI Rankings

#3501 Ranked by Market Cap
N/A Ranked by Dividends

ITI Stock Data

309.47M
42.07M
2.26%
53.91%
1.51%
Communication Equipment
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