Iteris Stock Price, News & Analysis

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 $20 million by the Virginia Department of Transportation (VDOT) for smart mobility services. The initial phase includes an $11.4 million order. The contract encompasses a range of services including a data portal, real-time traveler information, and upgraded video distribution capabilities. It aims to enhance safety, mobility, and sustainability across Virginia's transportation infrastructure, reflecting strong demand for Iteris’ consulting services in the Mid-Atlantic region.

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.