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Last $2.13 USD
Change Today +0.04 / 1.91%
Volume 127.8K
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

iteris inc (ITI) Snapshot

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52 Week High
09/3/14 - $2.23
52 Week Low
10/15/14 - $1.58
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iteris inc (ITI) Details

Iteris, Inc. provides intelligent information solutions to the traffic management market worldwide. It operates in three segments: Roadway Sensors, Transportation Systems, and Performance Analytics. The Roadway Sensors segment offers a range of vehicle detection systems for traffic intersection control, incident detection, and roadway traffic data collection applications. Its products include Vantage video detection system to detect vehicle presence at intersections; VantageView software to manage video detection assets remotely; Vantage Vector vehicle detection sensor with stop bar detection, advanced-zone detection, and sensing capabilities; SmartCycle for differentiating bicycles and other vehicles; and VersiCam integrated camera and processor video detection system for smaller intersections, as well as SmartSpan, Velocity, P10, P100, and Abacus products. The Transportation Systems segment offers transportation engineering and consulting services with a focus on the planning, design, development, and implementation of software-based systems that integrate sensors, video surveillance systems, computers, and communications equipment to enable public agencies to monitor, control, and direct traffic flow; assist in the dispatch of emergency crews; and distribute real-time information about traffic conditions. The Performance Analytics segment provides iPeMS, a specialized transportation performance measurement and traffic analytics solution; ClearPath Weather management tools that allow users to create solutions to meet roadway maintenance decision needs; and ClearAg, a precision agriculture solution. The company sells its services to federal, state, and local government agencies. Iteris, Inc. was founded in 1969 and is headquartered in Santa Ana, California.

257 Employees
Last Reported Date: 06/18/15
Founded in 1969

iteris inc (ITI) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $47.8K
Senior Vice President and General Manager of ...
Total Annual Compensation: $251.0K
Senior Vice President of Performance Analytic...
Total Annual Compensation: $250.5K
Compensation as of Fiscal Year 2015.

iteris inc (ITI) Key Developments

Iteris to Provide Road Weather Services for Four US Cities

Iteris has entered into new service agreements with the cities of Colorado Springs, Colorado; Bloomington and Ramsey, Minnesota; and Omaha, Nebraska, to provide road weather services. Under the deal, the company will use its maintenance decision support system, ClearPath Weather, to provide pavement forecasting, weather alerts and inclement, weather-related call-outs. ClearPath Weather is based on the company's Highway Condition Analysis and Prediction System (HiCAPS) pavement condition model, which features an easy- to-use interface with new visualization tools and mapping. With this cloud-based decision support solution, road maintenance managers will also have access to critical information such as radar, satellite imagery, weather forecasts, plow location, and route-specific pavement weather and road maintenance treatment recommendations.

Iteris, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2015

Iteris, Inc. reported earnings results for the first quarter ended June 30, 2015. Total revenues increased to $18.4 million compared to $18.1 million in the same quarter a year ago. This is primarily driven by an increase in transportation revenues led by a 10% increase in Roadway Sensors segment. Non-GAAP operating loss for this first quarter was $41,000 or essentially breakeven compared to operating income of $281,000 in the prior year period. Non-GAAP net income for the first quarter was $59,000 or $0.00 per share compared to net income of $214,000 or $0.01 per share in the same quarter a year ago. Cash used in operating activities was approximately $2 million. However, this is primarily due to the timing of accounts payable. Capital expenditures were approximately $320,000, and continue to carry no debt.

Iteris, Inc. Enters into Agreement with the Minnesota Wheat Research and Promotion Council to Provide Custom Weather and Soil Data to Localize Wheat Disease Models

Iteris, Inc. has entered into an agreement with the Minnesota Wheat Research and Promotion Council (MWRPC) to provide custom weather and soil data to localize wheat disease models for Minnesota wheat growers via Iteris’ precision farming data delivery platform, ClearA. MWRPC members will gain access to high-resolution weather and soil data for decision support on planning fungicide applications to on-farm research through the ClearAg App. Specifically, Iteris plans to provide its unique modeling-as-a-service to wheat producers by hosting the publicly developed Fusarium Head Blight Forecasting model and the Wheat Leaf Disease Forecasting model through the ClearAg precision farming platform. This platform is expected to provide producers with instant access to these forecasting models through easily understood maps and graphics on their mobile devices.


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