Iteris Company profile
About Iteris Inc
Iteris, Inc. is a provider of smart mobility infrastructure management solutions. The Company operates through two segments: Roadway Sensors (RWS) and Transportation Systems (SYS). The RWS segment provides detection sensors and systems for traffic management that comprise of family of vantage sensors and BlueTOAD line of products, as well as communication systems and roadway traffic data collection applications that complement sensor products. The Vantage product line uses image processing technology, radar technology and other techniques to analyze sensor data through algorithms, enabling vehicle, bicycle, and pedestrian detection, as well as the transmission of both video images and multiple data sets using various communication technologies. The SYS segment provides traffic engineering and consulting services, cloud-enabled managed services, transportation performance measurement and traffic analytics solutions. Its RWS products include Vantage, Vantage Next and VantagePegasus.
Financial summary
BRIEF: For the nine months ended 31 December 2021, Iteris Inc revenues increased 16% to $99.3M. Net loss before extraordinary items totaled $3.9M vs. income of $876K. Revenues reflect Service revenues increase of 24% to $47.7M, Product revenues increase of 10% to $51.6M. Net loss reflects Research and development - Balancing increase of 55% to $5.3M (expense), Amortization of intangible assets increase from $836K to $2M (expense), Interest income.
Equity composition
Class A Common Stock $.10 Par, 02/10, 70M auth., 34,337,756 issd. Insiders own 24.86% . 3/06, Redeemable Common Stock 1,219,445 issd. PO:10/93, 1M Class A shares @ $9.25 by PaineWebber, Inc. FY'01-'02 Q's are restated for disc. ops. Exchange changed from OTC to AMEX.
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