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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.
Iteris, Inc. (NASDAQ: ITI) reported its fiscal first-quarter 2023 results, showing total revenue of $33.7 million, a 1% decrease from the previous year. Service revenue rose by 7% to $17.3 million, driven by the ClearMobility® Cloud platform, while product revenue fell by 9% to $16.4 million due to global supply chain constraints. The company maintains its full-year revenue guidance of $147 million to $155 million, reflecting anticipated growth. A net loss of $4.9 million, or $(0.11) per share, was reported, alongside record net bookings of $42.6 million.
Iteris (NASDAQ: ITI), a leader in smart mobility infrastructure management, will host a conference call on August 4, 2022, at 4:30 p.m. ET to discuss its financial results for the fiscal first quarter ending June 30, 2022. President and CEO Joe Bergera and CFO Douglas Groves will present the results, followed by a Q&A session. Investors can join the call by dialing the provided numbers or through the investor relations section of the Iteris website. A replay will be available post-call for one week.
Iteris has been awarded a multi-year contract valued at over
Iteris, Inc. (NASDAQ: ITI) has announced a new stock repurchase program authorizing the buyback of up to $10 million of its common stock, replacing the prior program. This decision reflects the company's commitment to enhancing shareholder value as stated by CFO Douglas Groves, who emphasized confidence in future growth and the stock's undervalued status. Repurchases will be executed in compliance with securities laws, with flexibility regarding timing and methods based on market conditions.
Iteris, Inc. (NASDAQ: ITI) reported financial results for its fiscal fourth quarter and year ended March 31, 2022. Total revenue reached $34.2 million for Q4, up 8% year over year, and full-year revenue increased 14% to $133.6 million. Notably, bookings were $41.9 million for Q4, a 27% increase. However, the company faced a net loss of $3.0 million for Q4 and $6.9 million for the full year, attributed to supply chain disruptions. The outlook for FY 2023 forecasts total revenue between $147 million and $155 million.
Iteris, Inc. (NASDAQ: ITI) has launched ClearData™, a customizable traffic management service that integrates multiple data sources for actionable mobility data. The service aims to meet the increasing demand for reliable traffic information across various sectors, including public transportation, logistics, and event management. Utilizing 20+ years of traffic analysis expertise, ClearData enhances traffic pattern analysis with validated incident and speed data. This solution is available via subscription-based data feeds and APIs, contributing to Iteris’ comprehensive mobility solutions.
Iteris, Inc. (NASDAQ: ITI) has announced its participation in the Stifel 2022 Cross Sector Insight Investor Conference scheduled for June 7, 2022. The company's president and CEO Joe Bergera, along with CFO Douglas Groves, will hold meetings with investors throughout the event. Iteris is recognized as a leader in smart mobility infrastructure management, providing innovative solutions through its ClearMobility Platform. For more details or to schedule meetings, interested parties can contact Iteris’ investor relations at MKR Investor Relations.
Iteris, Inc. (NASDAQ: ITI) will host a conference call on June 1, 2022, at 4:30 p.m. Eastern time to discuss its financial results for the fiscal fourth quarter and full year ending March 31, 2022. The call will feature CEO Joe Bergera and CFO Douglas Groves, including a Q&A session. Participants can join via a toll-free dial-in or through the live webcast available on Iteris' investor relations page. The company emphasizes its commitment to smart mobility infrastructure management through the ClearMobility Platform.
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