| Over a week ago | ||||
Iteris announced that it… Iteris announced that it has been chosen by the Illinois Department of Transportation, or IDOT, District One for select traffic signal plan preparation and plan review projects. | ||||
| Over a month ago | ||||
Conference call with… Conference call with management will be held on February 21 at 2:30 pm hosted by Northland. | ||||
Conference call with… Conference call with management will be held on February 21 at 2:30 pm hosted by Northland. | ||||
Conference call with… Conference call with management will be held on February 21 at 2:30 pm hosted by Northland. | ||||
B. Riley analyst Jeff Van… B. Riley analyst Jeff Van Sinderen raised the firm's price target on Iteris to $4.50 from $3.50 and keeps a Buy rating on the shares post the fiscal Q3 beat. The impact of supply chain headwinds substantially eased, as the company's circuit board build-around initiatives took hold, the analyst tells investors in a research note. | ||||
Q4 adjusted EBITDA is… Q4 adjusted EBITDA is expected to be in the range of $3.5 million to $4.0 million, or 8.7% to 10.0% of revenue at the midpoint . | ||||
Reports Q3 revenue… Reports Q3 revenue $40.7M, consensus $37.7M. "Due to the continued progress of our supply chain management program, we achieved a financial inflection point in our fiscal 2023 third quarter," said Joe Bergera, president and CEO of Iteris. "As anticipated, the introduction of our alternative circuit boards and the other benefits of our supply chain management program began to normalize our sensors line of business. More specifically, in the fiscal third quarter, we realized a step-change increase in quarterly product revenue and a greater than 2,600 basis point sequential improvement in product gross margins, demonstrating that we have started to overcome the supply chain issues that impacted our fiscal first half performance." | ||||
Iteris announced that… Iteris announced that Kerry A. Shiba will join the company as senior vice president & CFO effective February 3, 2023. Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company's finance, information systems, legal, supply chain, and manufacturing functions. | ||||
Iteris announced that it… Iteris announced that it has been awarded a $2.8M contract from the San Bernardino County Transportation Authority SBCTA to support the development of the I-10 Express Lanes. The project proposes to widen the I-10 highway for a stretch of 11 miles between the I-10/I-15 interchange and Pepper Street. One express lane will be added in each direction as well as new auxiliary lanes, and additional California Highway Patrol enforcement areas. | ||||
| Over a quarter ago | ||||
Meeting to be held with… Meeting to be held with CEO Bergera on December 8 at 10 am hosted by Northland. | ||||
