MARKET COMPOSITE
ITI - Iteris Inc.7:58:13 PM 4/16/2024
Price
$4.68
+ 0.07 (1.52%)
Iteris Inc. is an American company based in Santa Ana, California that provides software and consulting services for smart mobility infrastructure management, including software as a service as well as managed and advisory services, and produces sensors and other devices that record and predict traffic conditions. Iteris Inc. was established in 2004. The company from which it was formed, Odetics Inc., was originally founded in 1969, in Anaheim, California and incorporated in Delaware in 1987. Joe Bergera has served as the company's president and chief executive officer since 2015, and Iteris reported revenue of $114.1 million in fiscal year 2020, ending March 31. The company from which Iteris Inc. was formed, Odetics Inc., was originally founded in 1969, in Anaheim, California, and incorporated in Delaware in 1987. It served as a business incubator for technology companies, and provided digital tape recorders to aerospace manufacturers. Odetics received an initial public offering in 1989. The company became known as simply Iteris in October 2004, through reverse merger.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue42.1MM-3%
Gross Profit15.5MM-4%
Cost Of Revenue26.6MM-3%
Operating Income394K-16%
Operating Expenses15.2MM-4%
Net Income355K-36%
R&D2.9MM+11%
G&A5.2MM-18%
Marketing6.4MM+3%
Amortization650K-19%
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