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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.

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Iteris, Inc. to participate in Northland Capital Markets Virtual Institutional Investor Conference on September 19, 2023
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Iteris awarded contract for smart mobility project in Bellevue, Washington
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Iteris awarded $1.3M contract for a smart mobility initiative in Orange County
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Iteris, Inc. (NASDAQ: ITI) to participate in Sidoti Virtual Micro-Cap Investor Conference on August 16-17, 2023, with president and CEO Joe Bergera and CFO Kerry Shiba presenting. The company's presentation will be webcast live and available for replay via the investor relations section of the company’s website at www.iteris.com.
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Iteris, Inc. (NASDAQ: ITI) reported a record adjusted EBITDA of $3.7 million, representing a $6.1 million improvement year over year. Record revenue of $43.5 million, up 29% YoY. Gross margins increased by 840 basis points YoY. GAAP net income of $2.1 million, a $7.0 million improvement from the prior year. A record ClearData™ contract win valued at over $15.0 million over four years. Record bookings of $53.1 million, up 25% YoY. Record backlog of $123.8 million, up 14% YoY. Second quarter total revenue guidance in the range of $41.0 million to $42.0 million, representing growth of 6% YoY at the mid-point. Reiterating full-year total revenue guidance in the range of $168.0 million to $175.0 million, representing organic growth of 10% YoY at the mid-point.
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Iteris, Inc. will conduct a conference call on August 8 to discuss its financial results for the fiscal first quarter. The call will be hosted by the president and CEO, Joe Bergera, and the CFO, Kerry Shiba. The financial results will be issued in a press release prior to the call.
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Iteris, Inc. has announced the appointment of Gary Hall and Kimberly Valentine-Poska to its board of directors. Gary Hall is a partner and president of infrastructure & public finance for Siebert Williams Shank & Company, with extensive experience in infrastructure and public finance. Kimberly Valentine-Poska is a managing director at Global Capital Markets, Inc., with a successful career in investment banking. Their appointments bring valuable expertise in infrastructure, technology, strategic transactions, and capital allocation to the board.
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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.

Iteris, Inc.

Nasdaq:ITI

ITI Rankings

ITI Stock Data

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