reports
Iteris Reports Record Quarterly Revenue of $45.8 Million
AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal first quarter ended June 30, 2024. Fiscal 2025 First Quarter Financial Highlights Revenues of $45.8 million, up 5.1% year over year compared to an unusually strong prior year period Net new bookings of $48.8 million, resulting in record trailing six months net new bookings of $102.1 million Record Backlog of $126.8 million as of March 31, 2024, up 2.4% year over year Gross profit of $17.3 million, or 37.9% of revenue, comp...
Iteris Chosen by City of Lakeland for Smart Mobility and Safety Initia...
TAMPA, Fla.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced its selection by the City of Lakeland, Florida to provide smart mobility infrastructure management technologies to support the city’s (iCASP). The project includes the deployment of ®, Iteris’ next-generation video detection system and !®, an easy-to-use, web-based data service that allows users to view activity at their intersections by automatically collecting and analyzing vehicle, bicycle and pedestrian data, removing the need for manual,...
Iteris Sets Fiscal First Quarter 2025 Conference Call for Thursday, Au...
AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a conference call on Thursday, August 8th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal first quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerry Shiba will host the call, followed by a question and answer period. Date: Thursday, August 8, 2024 Time: 4:30 p.m. Easter...
Iteris Receives $3.75 Million Contract from San Francisco Bay Area Met...
OAKLAND, Calif.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced the (MTC) has awarded Iteris a $3.75 million contract for ongoing operational support in the San Francisco Bay Area. This press release features multimedia. View the full release here: Iteris Receives $3.75 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission (Photo: Business Wire) Iteris has been providing telephone system since 2016 and this new contract for the 511 SF Bay Interactive Voice Response (IVR) ...
Iteris Awarded $2 Million Texas DOT IDIQ Contract for Smart Mobility a...
AUSTIN, Texas--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the (TxDOT). This press release features multimedia. View the full release here: Iteris announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the Texas Department of Transportation (TxDOT). (Photo: Business Wire) Under the terms of...
Iteris Selected to Support IIJA-Funded Northwestern Illinois Region Sa...
GENEVA, Ill.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen to support and the in completing a safety analysis of the area’s transportation infrastructure. Iteris is subconsultant to , a trusted local full-service civil engineering, environmental, and contracting firm. Iteris will be an active part of their team, providing a safety analysis, equity analysis, and an identification of safety improvement countermeasures for the rural six-county area in Northwestern Illinois. The aim ...
Iteris Reports Record Fiscal 2024 Full Year Revenue of $172.0 million,...
AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal fourth quarter and full year ended March 31, 2024. Fiscal 2024 Fourth Quarter Financial Highlights Revenues of $42.8 million, up 1% compared to an unusually strong prior year period Gross margins of 37.4%, up 558 basis points year over year Record net new bookings of $53.3 million, up 20% year over year Backlog of $123.8 million as of March 31, 2024, up 8% year over year GAAP net income of $0.1 million, or $0.00 per dil...
Iteris to Participate in the Northland Capital Markets Virtual Growth ...
AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it will participate in the Northland Capital Markets Virtual Growth Conference on Tuesday, June 25, 2024. Iteris President and CEO Joe Bergera, and CFO Kerry Shiba will be hosting virtual one-on-one meetings with institutional investors throughout the day. For additional information or to schedule a virtual meeting with Iteris management, please contact your Northland Capital Markets representative, or Iteris’ investor relations firm, ...
Iteris ClearMobility Platform will Integrate Sumitomo Electric’s Pedes...
AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, and (SEI) today announced a groundbreaking partnership that will bring the highly acclaimed Sumitomo Pedestrian Detection sensor to the U.S. market, a technology that has significantly enhanced pedestrian safety across Japan. This press release features multimedia. View the full release here: Iteris ClearMobility Platform will Integrate Sumitomo Electric’s Pedestrian Sensor to Create Industry’s Most Advanced Pedestrian Detection Solution (Photo: Business Wir...
Telenav Chooses Iteris’ ClearData Solution to Enhance Navigation Appli...
AUSTIN, Texas & SANTA CLARA, Calif.--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, and , a leading provider of connected-car and location-based services, today announced that Telenav has chosen Iteris’ ® as their source for traffic and travel information. ClearData aggregates and validates proprietary and diversely sourced mobility data such as incident, speed and connected vehicle probes and delivers it to public- and private-sector clients via subscription-based direct computer data feeds or application programming ...
Iteris Sets Fiscal Fourth Quarter and Full Year 2024 Conference Call f...
AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a conference call on Thursday, June 13th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal fourth quarter and full year ended March 31, 2024. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerry Shiba will host the call, followed by a question and answer period. Date: Thursday, June 13, 2024 Time: 4:...
Iteris to Participate in Fireside Chat at the Maxim Group TMT Conferen...
AUSTIN, Texas--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it will participate in the upcoming Maxim Group Virtual TMT Conference. President and CEO Joe Bergera will participate in a fireside chat on Tuesday, June 4, 2024, at 3:30 p.m. ET (12:30 p.m. PT) with Maxim’s Senior Research Analyst, Allen Klee, CFA. Maxim 2024 Virtual Tech Conference Charting the Course: Navigating the Intersection of TMT and Business in the AI era The continuous evolution of technology is paving the way for ground...
Iteris Selected to Support Intelligent Transportation Systems Project ...
FAIRFAX, Va.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen to support the selection and deployment of Intelligent Transportation System (ITS) technologies in Metro Cebu, Philippines as part of a USTDA-funded . This press release features multimedia. View the full release here: Iteris Selected to Support Intelligent Transportation Systems Project in Metro Cebu, Philippines (Photo: Business Wire) This technical assistance activity is provided by USTDA to the grantee, Philippines’ Depa...
Iteris Announces Schedule of Investor Conferences for May 2024
AUSTIN, Texas--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been invited to participate in the following two investor conferences in May: EF Hutton Annual Global Conference Wednesday, May 15 (one-on-one meetings only) The Plaza Hotel in New York City B. Riley 24th Annual Institutional Investor Conference Wednesday, May 22 (fireside chat at 1:00pm PT and one-on-one meetings) The Beverly Hilton in Beverly Hills, California Iteris president and CEO Joe Bergera, and CFO Kerry Shiba will be hos...
Carson City Upgrades Intersection Infrastructure with Iteris’ AI-Power...
OAKLAND, Calif.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that Carson City, Nevada has chosen to upgrade the city’s intersection detection sensors to Iteris’ hybrid sensors. This press release features multimedia. View the full release here: Carson City Upgrades Intersection Infrastructure with Iteris’ AI-Powered Hybrid Sensors (Photo: Business Wire) Vantage Apex is the industry’s first 1080p high-definition (HD) video and four-dimensional (4D) radar sensor with integrated artificial intelligence...
Iteris Chosen by Port of Long Beach to Complete a Multimodal Transport...
SANTA ANA, Calif.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been awarded a $900,000 contract by the for an 18-month multimodal transportation study. This press release features multimedia. View the full release here: Iteris Chosen by Port of Long Beach to Complete a Multimodal Transportation Study (Photo: Business Wire) The project will identify how best to accommodate cargo movement within the Port to enhance safety and efficiency for various transportation modes, including trucks, rail, ...
Iteris Awarded $9.6 Million Contract by the Orange County Transportati...
SANTA ANA, Calif.--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been awarded a new contract by the (OCTA) for an unprecedented countywide traffic signal synchronization project that will ultimately increase efficiency, safety and sustainability across the entire county. This press release features multimedia. View the full release here: Iteris Awarded $9.6 Million Contract by the Orange County Transportation Authority for Countywide Smart Mobility Initiative (Photo: Business Wire) Under the ter...
Iteris Launches New ClearGuide Signal Trends as a Probe-based Option f...
AUSTIN, Texas--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced the launch of ClearGuide® Signal Trends, a new probe data-based solution for improving signal performance. This press release features multimedia. View the full release here: Iteris Launches New ClearGuide Signal Trends as a Probe-based Option for Improving Intersection Performance (Photo: Business Wire) Signal Trends complements Iteris’ industry-leading detection and traffic analytics software by enabling agencies to enhance performance at t...
Iteris to Enhance 511 Road Management System for State of South Dakota
CHICAGO--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced the (SDDOT) awarded Iteris a one-year contract to introduce new features to its and to continue operation and maintenance services for the statewide system. SDDOT 511, which is powered by Iteris’ advanced traveler information system, , delivers contextual, real-time, actionable information to the traveling public and transportation professionals throughout South Dakota. This new contract will fund two new enhancements: (1) county and tribe road ...
Iteris Awarded $3 Million Contract by Texas DOT for Smart Mobility, In...
AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract by the (TxDOT) San Antonio District. The contract has a value of up to $3.0 million, representing continued demand for Iteris’ specialized consulting services in the large and forward-thinking Texas market. This press release features multimedia. View the full release here: Iteris Awarded $3 Million Contract by Texas DOT for Smart Mobility, Intelligen...
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