Iteris, Inc. (ITI)

NASDAQ: ITI · IEX Real-Time Price · USD
4.630
-0.010 (-0.22%)
Apr 17, 2024, 4:00 PM EDT - Market closed
-0.22%
Market Cap 198.66M
Revenue (ttm) 171.68M
Net Income (ttm) 2.49M
Shares Out 42.91M
EPS (ttm) 0.06
PE Ratio 77.17
Forward PE 26.57
Dividend n/a
Ex-Dividend Date n/a
Volume 71,421
Open 4.710
Previous Close 4.640
Day's Range 4.610 - 4.710
52-Week Range 3.720 - 5.490
Beta 0.67
Analysts Strong Buy
Price Target 7.50 (+61.99%)
Earnings Date May 30, 2024

About ITI

Iteris, Inc. provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services. Its products include ClearGuide, ClearRoute, Commercial Vehicle Opera... [Read more]

Sector Technology
CEO J. Joseph Bergera Ph.D.
Employees 450
Stock Exchange NASDAQ
Ticker Symbol ITI
Full Company Profile

Financial Performance

In 2022, Iteris's revenue was $156.05 million, an increase of 16.83% compared to the previous year's $133.57 million. Losses were -$14.86 million, 109.8% more than in 2021.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ITI stock is "Strong Buy." The 12-month stock price forecast is $7.5, which is an increase of 61.99% from the latest price.

Price Target
$7.5
(61.99% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Iteris Chosen by Port of Long Beach to Complete a Multimodal Transportation Study

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a $900,000 contract by the Port of Long Beach for an 18-month multimodal transportation study.

1 day ago - Business Wire

Iteris Awarded $9.6 Million Contract by the Orange County Transportation Authority for Countywide Smart Mobility Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced it has been awarded...

21 days ago - Business Wire

Iteris Launches New ClearGuide Signal Trends as a Probe-based Option for Improving Intersection Performance

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris announced the launch of ClearGuide® Signal Trends, a new probe data-based solution for improving signal performance.

22 days ago - Business Wire

Iteris to Enhance 511 Road Management System for State of South Dakota

CHICAGO--(BUSINESS WIRE)---- $ITI #IoT--Iteris announced the South Dakota Department of Transportation awarded Iteris a contract to introduce new features to 511 traveler information system.

27 days ago - Business Wire

Iteris Awarded $3 Million Contract by Texas DOT for Smart Mobility, Intelligent Transportation and Traffic Engineering Services

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a five-year contract by the Texas Department of Transportation (TxDOT) San Antonio District.

4 weeks ago - Business Wire

Iteris Awarded Over $1 Million SaaS Contract by Ventura County Transportation Commission

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a three year, over $1 million contract from the Ventura County Transportation Commission (VCTC) for use of ClearGuide solution...

5 weeks ago - Business Wire

Iteris Chosen by Virginia Department of Transportation to Create Traffic Operations Strategic Plan

RICHMOND, Va.--(BUSINESS WIRE)---- $ITI #IoT--Iteris today announced it has been awarded a new contract by the Virginia Department of Transportation for a statewide smart mobility initiative.

6 weeks ago - Business Wire

Iteris Awarded Contracts Totaling Over $2 Million from the Federal Highway Administration

FAIRFAX, Va.--(BUSINESS WIRE)---- $ITI #FHWA--The National Highway Institute (NHI) awarded Iteris over $2 million dollars to provide comprehensive training on several initiatives.

7 weeks ago - Business Wire

Iteris Reports Record Nine-Month Revenue of $129.2 Million, 14% Higher Than Prior Year Period, and GAAP Net Income of $3.0 Million, a $17.3 Million Improvement from the Prior Year Period

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris today reported financial results for its fiscal 2024 third quarter ended December 31, 2023.

2 months ago - Business Wire

Iteris Expands Partnership with Arity to Deliver Enhanced Traffic Data Solutions

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #Arity--Iteris announced a new agreement with Arity to integrate a broader suite of traffic data solutions from Arity into Iteris' ClearMobility® Platform.

2 months ago - Business Wire

Iteris Sets Fiscal Third Quarter 2024 Conference Call for Thursday, February 8, 2024 at 4:30 p.m. ET

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a ...

2 months ago - Business Wire

Iteris Expands Presence in Illinois with Two Contracts for Traffic Signal Coordination and Timing Initiatives

GENEVA, Ill.--(BUSINESS WIRE)---- $ITI #IDOT--Iteris has been awarded contracts for traffic engineering, signal coordination and signal timing services for 2 Illinois-based transportation agencies.

3 months ago - Business Wire

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

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #CVtech--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced the launch of Vantag...

4 months ago - Business Wire

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

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris announced the latest evolution of VantageCare®, a product support program that helps agencies optimize their Iteris traffic detection solutions.

4 months ago - Business Wire

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

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris CEO Joe Bergera and CTO Todd Kreter will participate in the Northland Capital Markets Virtual Artificial Intelligence Investor Conference.

4 months ago - Business Wire

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

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris awarded $13.3 million contract by the Metropolitan Transportation Commission (MTC).

5 months ago - Business Wire

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

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc., today reported financial results for its fiscal 2024 second quarter ended September 30, 2023.

5 months ago - Business Wire

Iteris Awarded Federal Highway Administration Contract for Intelligent Transportation Systems Architecture Program

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #FHWA--Iteris has been awarded a $9.5 million task order from the FHWA ITS JPO to provide support for the ITS reference architecture program.

6 months ago - Business Wire

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

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a ...

6 months ago - Business Wire

Iteris Awarded $1.2 Million Contract by the City of Yorba Linda for a Regional Smart Mobility Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a new contract by the City of Yorba Linda in Orange County, California for traffic signal synchronization and ITS upgrades.

6 months ago - Business Wire

Iteris Expands Capacity of Vantage Detection Platform with Release of Vantage Next Max™

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris has launched Vantage Next Max™, a new central control unit (CCU) that doubles the number of sensors supported on the Vantage Next® platform.

7 months ago - Business Wire

Iteris Awarded 4.5 Year Contract for the City/County Association of Governments of San Mateo County's Smart Corridor Project

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #CCAG--The City/County Association of Governments of San Mateo County has awarded Iteris an almost $1 million, multi-year Smart Corridor Project contract.

7 months ago - Business Wire

Iteris to Participate in the Northland Capital Markets Virtual Institutional Investor Conference on September 19, 2023

AUSTIN, Texas--(BUSINESS WIRE)---- $ITI #IoT--Iteris will participate in the Northland Capital Markets Virtual Institutional Investor Conference on Tuesday, September 19, 2023.

8 months ago - Business Wire

City of Bellevue Selects Iteris' ClearGuide SaaS Solution for Smart Mobility, Safety and Sustainability Program

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #IoT--Iteris has been awarded a contract from the City of Bellevue, Washington for a smart mobility, safety and sustainability project.

8 months ago - Business Wire

Iteris Awarded $1.3 Million Contract by the City of La Habra for a Regional Smart Mobility Initiative

SANTA ANA, Calif.--(BUSINESS WIRE)---- $ITI #EuclidStreet--Iteris has been awarded a new contract by the City of La Habra in Orange County, California for a Regional Traffic Signal Synchronization Pro...

8 months ago - Business Wire