Iteris, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 04:18 pm EST
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Iteris, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was USD 42.13 million compared to USD 40.69 million a year ago. Net income was USD 0.355 million compared to net loss of USD 2.05 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the nine months, revenue was USD 129.24 million compared to USD 113.61 million a year ago. Net income was USD 3.03 million compared to net loss of USD 14.31 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 0.34 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. 
