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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Iteris's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Iteris's position in the market.
Rhea-AI Summary
Iteris, Inc. (NASDAQ: ITI) reported a $2.9 million Adjusted EBITDA, an $8.1 million improvement year over year. The company also posted record revenue of $43.6 million, a 11% increase, and notable new contracts, including a $9.5 million deal with the US Department of Transportation. Fiscal 2024 third quarter total revenue guidance is in the range of $41.0 million to $43.0 million, with a full-year total revenue guidance raised to a range of $171.0 million to $175.0 million.
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End-of-Day
-0.7%
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Rhea-AI Summary
Iteris, Inc. has been awarded a three-year contract with a ceiling of $9.5 million from the Federal Highway Administration Intelligent Transportation Systems Joint Program Office (ITS JPO) to provide support for the nation's Intelligent Transportation Systems (ITS) reference architecture program. Iteris will help evolve the Architecture Reference for Cooperative and Intelligent Transportation (ARC-IT) to reflect ongoing changes in ITS, including new capabilities enabled by automation, connectivity, and emerging technology. The program aims to encourage interoperability and emerging technology preparedness through workshops, training, and technical assistance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
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Iteris, Inc. will conduct a conference call on November 9 to discuss its financial results for the fiscal second quarter ended September 30, 2023.
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End-of-Day
4.6%
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Iteris awarded $1.2 million contract for smart mobility project in Orange County
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0.47%
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Rhea-AI Summary
Iteris, Inc. has launched Vantage Next Max, a new central control unit that doubles the number of sensors supported on the Vantage Next platform from four to eight sensors per in-cabinet processor. This expands the platform's total addressable market and extends its total cost of ownership advantage. Vantage Next Max is ideal for larger or uniquely-configured intersections with up to ten lanes, diverging diamond interchanges, and locations with special requirements. It allows for comprehensive detection coverage, saving time and effort for traffic engineers and system integrators. This new product enables Iteris and the Vantage platform to address a new and growing segment of the market. The Vantage detection product suite is a key component of Iteris' ClearMobility Platform, providing a complete solution for monitoring and optimizing mobility infrastructure. Vantage Next Max improves traffic operations, reduces emissions, and enhances safety for large intersections.
Rhea-AI Impact
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End-of-Day
-0.24%
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Rhea-AI Summary
Iteris awarded $1.0 million contract for Smart Corridor Project in northern California
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-0.22%
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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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-1.07%
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Iteris awarded $1.3M contract for a smart mobility initiative in Orange County
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End-of-Day
-1.18%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.38%
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Iteris, Inc.
Nasdaq:ITI
ITI Rankings
ITI Stock Data
199.25M
35.64M
2.07%
51.04%
0.49%
Other Communications Equipment Manufacturing
Manufacturing
United States of America
AUSTIN
About ITI
iteris, inc. (nasdaq: iti) is the global leader in applied informatics for transportation and agriculture, turning big data into big breakthrough solutions. we collect, aggregate and analyze data on traffic, roads, weather, water, soil and crops to generate precise informatics that lead to safer transportation and smarter farming. municipalities, government agencies, crop science companies, farmers and agronomists around the world use our solutions to make roads safer and travel more efficient, as well as farmlands more sustainable, healthy and productive. visit www.iteris.com for more information.