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.
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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