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Iteris Q3 2024 Earnings Report

Iteris EPS Results

Actual EPS
$0.01
Consensus EPS
$0.01
Beat/Miss
Met Expectations
One Year Ago EPS
N/A

Iteris Revenue Results

Actual Revenue
$42.13 million
Expected Revenue
$41.39 million
Beat/Miss
Beat by +$740.00 thousand
YoY Revenue Growth
N/A

Iteris Announcement Details

Quarter
Q3 2024
Time
N/A

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Conference Call Audio

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Iteris Earnings Headlines

Iteris Acquired by Almaviva, Expands Global Reach
Iteris Completes Transaction with Almaviva
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I believe it’s going to power Elon Musk’s next AI revolution… A revolution he believes will be worth more than $9 trillion. That’s nearly 10 times more money than the market caps of Tesla… SpaceX… PayPal… Neuralink… and X… COMBINED.
Iteris’ stockholders approve merger agreement with Almaviva
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About Iteris

Iteris (NASDAQ:ITI) provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services. Its products include ClearGuide, ClearRoute, Commercial Vehicle Operations, BlueArgus, TrafficCarma, Vantage Apex, Vantage Fusion, Vantage Next, VantagePegasus, VantageRadius, Vantage Vector, Velocity, SmartCycle, SmartCycle Bike Indicator, SmartSpan, VersiCam, PedTrax, and P-Series products. The company sells original equipment manufacturer products for the traffic intersection markets, such as traffic signal controllers and traffic signal equipment cabinets. In addition, it offers traffic management centers design, staffing, and operations services; traffic engineering and mobility consulting services include planning, design, development, and implementation of software and hardware-based ITS systems that integrate sensors, video surveillance, computers, and advanced communications equipment; distributes real-time information about traffic conditions; and surface transportation infrastructure systems implementation, and operation and management. Further, the company provides travel demand forecasting and systems engineering, and identify mitigation measures to reduce traffic congestion; ClearMobility platform; and ClearMobility Cloud that enables mobility data management engine, application programming interface framework, and microservices ecosystem. It serves public transportation agencies, municipalities, commercial entities, government agencies, and other transportation infrastructure providers. Iteris, Inc. was founded in 1969 and is headquartered in Austin, Texas.

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