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Ituran Location and Control Q4 2022 Earnings Report

Ituran Location and Control logo
$30.85 +0.21 (+0.69%)
(As of 12:17 PM ET)

Ituran Location and Control EPS Results

Actual EPS
$0.47
Consensus EPS
$0.52
Beat/Miss
Missed by -$0.05
One Year Ago EPS
N/A

Ituran Location and Control Revenue Results

Actual Revenue
$74.95 million
Expected Revenue
$74.63 million
Beat/Miss
Beat by +$320.00 thousand
YoY Revenue Growth
N/A

Ituran Location and Control Announcement Details

Quarter
Q4 2022
Time
N/A

Conference Call Resources

Conference Call Audio

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Ituran Location and Control Earnings Headlines

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About Ituran Location and Control

Ituran Location and Control (NASDAQ:ITRN), together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment. This segment also delivers on-demand navigation guidance, information, and assistance, including the provision of traffic reports and directions, as well as information on the location of gas stations, car repair shops, post offices, hospitals, and other facilities; and Connected Car, a service platform that includes a back-office application, a telematics device installed in the vehicle, mobile apps for IOS and Android users, and interface using the car infotainment screen, as well as usage based insurance and auto financing services. This segment serves insurance companies and agents, car manufacturers, dealers and importers, cooperative sales channels, and private subscribers. The Telematics Products segment offers Base Site, a radio receiver that includes a processor and a data computation unit to collect and send data to and from transponders, and to control centers; Control Center, a center consisting of software used to collect data from various base sites, conduct location calculations, and transmit location data to various customers and law enforcement agencies; navigation and tracking devices installed in vehicles; and SMART, a portable transmitter installed in vehicles that sends a signal to the base site enabling the location of vehicles, equipment, or an individual. The company was incorporated in 1994 and is headquartered in Azor, Israel.

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