Iteris, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 08, 2022 at 04:11 pm EST
Share
Iteris, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was USD 39.26 million compared to USD 33.25 million a year ago. Net loss was USD 7.4 million compared to USD 2.15 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.05 a year ago. Basic loss per share was USD 0.17 compared to USD 0.05 a year ago. Diluted loss per share was USD 0.17 compared to USD 0.05 a year ago.
For the six months, revenue was USD 72.93 million compared to USD 67.33 million a year ago. Net loss was USD 12.26 million compared to USD 1.54 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to USD 0.03 a year ago. Basic loss per share was USD 0.29 compared to USD 0.03 a year ago. Diluted loss per share was USD 0.29 compared to USD 0.03 a year ago.
Iteris, Inc. is a provider of smart mobility infrastructure management solutions. The Company offers its solutions for public and private sectors customers primarily located in North America, which 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. It offers a range of software solutions, such as ClearGuide, ClearRoute, BlueArgus, TrafficCarma, Vantage Fusion, Vantage Apex, Vantage Fusion, Vantage Next, Vantage Vector, VantagePegasus, SmartCycle Bike Indicator, SmartSpan, VersiCam, PedTrax, BlueTOAD Spectra, BlueTOAD Spectra RSU and P-Series products. Its BlueARGUS is a software-as-a-service solution that collects, analyzes, and visualizes various information related to travel times, speeds, and origin-destination from its BlueTOAD Spectra sensors.
ITERIS, INC. 
