ITI Iteris, Inc.
Iteris, Inc. engages in the provision of information solutions for both the traffic management and global agribusiness markets. It operates through the following segments: Roadway Sensors; Transportation Systems; and Agriculture and Weather Analytics. The Roadway Sensors segment offers various vehicle detection and information systems and products for traffic intersection control, incident detection, and roadway traffic data collection applications. The Transportation Systems segment includes transportation engineering and consulting services. The Agriculture and Weather Analytics segment consists of ClearAg solutions and ClearPath Weather management tools, which deliver road maintenance applications and digital agriculture platforms, respectively. The company was founded by Joel Slutzky in 1969 and is headquartered in Santa Ana, CA.
Company profile
Ticker
ITI
Exchange
Website
CEO
J. Joseph Bergera
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Iridium Communications • ESCO • UTStarcom • Lumentum • Inseego • Magal Security Systems • PowerFleet • Vocera Communications • Vislink • Ability ...
Former names
Iteris Holdings Inc, Odetics Inc
SEC CIK
Corporate docs
IRS number
952588496
ITI stock data
()
Calendar
9 Jun 20
10 Jul 20
31 Mar 21
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 30.9M | 28.73M | 27.88M | 26.61M | |
| Net income | 217K | -2.07M | -2.19M | -1.57M | |
| Diluted EPS | 0.01 | -0.05 | -0.05 | -0.05 | |
| Net profit margin | 0.70% | -7.20% | -7.84% | -5.91% | |
| Operating income | 115K | -2.17M | -2.35M | -1.57M | |
| Net change in cash | 3.99M | 771K | -5.78M | 8.16M | |
| Cash on hand | 14.22M | 10.23M | 9.46M | 15.23M | |
| Cost of revenue | 16.86M | 16.8M | 16.5M | 16.2M |
| Annual (USD) | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|
| Revenue | 114.12M | 99.12M | 103.73M | 95.98M | |
| Net income | -5.61M | -7.82M | -3.53M | -4.83M | |
| Diluted EPS | -0.14 | -0.23 | -0.11 | -0.15 | |
| Net profit margin | -4.92% | -7.89% | -3.40% | -5.03% | |
| Operating income | -5.98M | -7.96M | -5.6M | -5.24M | |
| Net change in cash | 7.15M | -3.08M | -8.05M | 2.17M | |
| Cash on hand | 14.22M | 7.07M | 10.15M | 18.2M | |
| Cost of revenue | 66.36M | 60.52M | 63.9M | 58.58M |
Financial data from Iteris earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 22 Jun 20 | Thomas Tom | Common Stock | Buy | Aquire P | No | 4.877 | 10,000 | 48.77K | 40,403 |
| 18 Jun 20 | Joshi Anjali | RSU Common Stock | Option exercise | Aquire M | No | 0 | 2,181 | 0 | 2,181 |
| 25 Feb 20 | Douglas L Groves | Common Stock | Buy | Aquire P | No | 5.08 | 10,000 | 50.8K | 10,000 |
| 21 Jan 20 | Dennis W Zank | RSU Common Stock | Option exercise | Aquire M | No | 0 | 4,855 | 0 | 4,855 |
Institutional ownership Q1 2020
46.8% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 75 |
| Opened positions | 3 |
| Closed positions | 13 |
| Increased positions | 29 |
| Reduced positions | 29 |
13F shares |
Current |
|---|---|
| Total value | 100.61M |
| Total shares | 19.05M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 2.84M | $9.1M |
| Cowen Prime Services | 2.57M | $8.24M |
| Vanguard | 2.47M | $7.91M |
| Royce & Associates | 1.71M | $5.46M |
| Renaissance Technologies | 984K | $3.15M |
| STT State Street | 789.33K | $2.53M |
| SAMG Silvercrest Asset Management | 751.96K | $2.41M |
| Geode Capital Management | 561.26K | $1.8M |
| NTRS Northern Trust | 539.98K | $1.73M |
| Dimensional Fund Advisors | 524.88K | $1.68M |
Financial report summary
?Management Discussion
- For a comparison of the 2019 to 2018 fiscal years, see Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the Company's Form 10-K for the fiscal year ended March 31, 2019."
- Product revenues primarily consist of Roadway Sensors product sales, but also include OEM products for the traffic signal markets, as well as Transportation Systems third-party product sales for installation under certain construction-type contracts. Product revenues for Fiscal 2020 increased approximately 14.1% to $55.0 million, compared to $48.2 million in Fiscal 2019, primarily due to an increase in sales of our core Roadway Sensors video detection products, and to a lesser extent, increases in both unit sales from our distribution in Texas of certain OEM products for the traffic intersection market and Transportation Systems third-party product sales for installation under certain construction-type contracts.
- Service revenues primarily consist of Transportation Systems engineering services, but also includes service revenues generated by our Roadway Sensors segment and the Agriculture and Weather Analytics segment. Service revenues for Fiscal 2020 increased approximately 16.1% to $59.1 million, compared to $50.9 million in Fiscal 2019, primarily due to approximately $6.4 million of revenues from the operations of AGI as well as higher Transportation Systems traffic engineering service revenues and to a lesser extent higher Agriculture and Weather Analytics revenues. Total revenues for Fiscal 2020 increased approximately 15.1% to $114.1 million, compared to $99.1 million in Fiscal 2019. The increase in total revenues was primarily due to an approximate 16.5% increase in Transportation
Content analysis
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New words:
abatement, adhere, AGI, Albeck, ancillary, anniversary, arterial, assume, assumed, attack, Beach, certainty, cessation, ClearFleet, ClearGuide, composed, Delinquent, deploy, EBITDA, economy, effort, escalation, escrow, exemption, exfiltration, explanatory, exploit, FL, Florida, footprint, Ford, forensic, forma, foundation, Gerken, harder, hardship, headquartered, imposition, interfere, intruder, intrusion, investigation, isolate, methodology, metric, Midwest, migrate, obsolescence, offline, Orlando, outbreak, outdated, pandemic, paragraph, precaution, proceed, redundant, relaxing, restore, sentiment, spread, Tampa, TBG, temporarily, thrive, underwriting, underwritten, unexpectedly, unprecedented, VA, Virginia
Removed:
accept, achievement, Advertising, advisory, aforementioned, aggregation, applying, bad, Bergera, billed, brand, broadly, CEO, commenced, commencing, contributor, country, county, cumulatively, decreased, deemed, deep, depict, designated, discovery, disposal, driven, duty, East, employ, EMPower, exclude, expensed, expertise, favorably, fiduciary, formed, fulfilment, hand, ice, iv, launched, leader, leadership, maximum, Middle, month, Nitrogen, objective, optional, perception, performed, person, precision, preventive, primary, principle, proposal, proposition, recently, reflected, registration, relationship, relocated, rental, requiring, resulted, sabotage, salary, setting, settlement, snow, Sony, subcontractor, supporting, tenant, TransitHelper, upcoming, variety, water
Financial reports
10-K
2020 FY
Annual report
9 Jun 20
10-Q
2020 Q3
Quarterly report
4 Feb 20
10-Q
2020 Q2
Quarterly report
7 Nov 19
10-Q
2020 Q1
Quarterly report
8 Aug 19
10-K
2019 FY
Annual report
6 Jun 19
10-Q
2019 Q3
Quarterly report
7 Feb 19
10-Q
2019 Q2
Quarterly report
6 Nov 18
10-Q
2019 Q1
Quarterly report
7 Aug 18
10-K/A
2018 FY
Annual report (amended)
30 Jul 18
10-K
2018 FY
Annual report
7 Jun 18
Current reports
8-K
Departure of Directors or Certain Officers
6 Jul 20
8-K
Iteris Appoints Anjali Joshi to Its Board of Directors
23 Jun 20
8-K
Iteris Reports 18% Revenue Growth Year Over Year in Fiscal Fourth Quarter
9 Jun 20
8-K/A
Results of Operations and Financial Condition
3 Jun 20
8-K
Results of Operations and Financial Condition
6 May 20
8-K
Company Expects Fourth Quarter and Full Year Revenue to Increase Approximately 21% and 16% Respectively
4 May 20
8-K
Other Events
11 Feb 20
8-K
Iteris Reports 24% Revenue Growth Year Over Year in Fiscal Third Quarter
4 Feb 20
8-K
Dennis W. Zank Joins Iteris Board of Directors
23 Jan 20
8-K/A
Departure of Directors or Certain Officers
27 Dec 19
Registration and prospectus
S-3/A
Shelf registration (amended)
11 Feb 20
S-3/A
Shelf registration (amended)
24 Jan 20
S-3
Shelf registration
24 Dec 19
424B5
Prospectus supplement for primary offering
14 Jun 19
424B5
Prospectus supplement for primary offering
13 Jun 19
25-NSE
Exchange delisting
7 Nov 18
S-8
Registration of securities for employees
6 Nov 18
8-A12B/A
Registration of securities on exchange (amended)
4 Oct 18
S-8
Registration of securities for employees
28 Nov 17
S-3
Shelf registration
1 Sep 17
Proxies
DEFA14A
Additional proxy soliciting materials
3 Sep 19
DEFA14A
Additional proxy soliciting materials
3 Sep 19
DEFA14A
Additional proxy soliciting materials
28 Aug 19
DEFA14A
Additional proxy soliciting materials
21 Aug 19
DEFA14A
Additional proxy soliciting materials
21 Aug 19
DEFA14A
Additional proxy soliciting materials
14 Aug 19
PX14A6G
Letter to shareholders
13 Aug 19
DEF 14A
Definitive proxy
29 Jul 19
DEFA14A
Additional proxy soliciting materials
5 Oct 18
DEF 14A
Definitive proxy
31 Aug 18
Other
EFFECT
Notice of effectiveness
13 Feb 20
CORRESP
Correspondence with SEC
11 Feb 20
EFFECT
Notice of effectiveness
21 Sep 17
CORRESP
Correspondence with SEC
19 Sep 17
UPLOAD
Letter from SEC
5 Sep 17
UPLOAD
Letter from SEC
24 Jan 13
CORRESP
Correspondence with SEC
22 Jan 13
UPLOAD
Letter from SEC
7 Jan 13
CT ORDER
Confidential treatment order
17 Nov 11
CT ORDER
Confidential treatment order
11 Apr 11
Ownership
4
ITERIS / TOM THOMAS ownership change
30 Jun 20
4
ITERIS / ANJALI JOSHI ownership change
30 Jun 20
3
ITERIS / ANJALI JOSHI ownership change
30 Jun 20
4
ITERIS / Douglas L Groves ownership change
26 Feb 20
4
ITERIS / DENNIS W ZANK ownership change
13 Feb 20
SC 13G
Beneficial ownership report
11 Feb 20
SC 13G/A
Iteris, Inc.
5 Feb 20
SC 13G
Iteris, Inc.
4 Feb 20
3
ITERIS / DENNIS W ZANK ownership change
31 Jan 20
4
ITERIS / Ramin M Massoumi ownership change
11 Dec 19
Patents
GRANT
Utility
Dynamic advanced traffic detection from assessment of dilemma zone activity for enhancement of intersection traffic flow and adjustment of timing of signal phase cycles
5 May 20
A framework for precision traffic analysis estimates dilemma zone activity to dynamically adjust phase cycle timing for improved efficiency of traffic flow at a roadway intersection.
GRANT
Utility
Augmented reality system for visualization of traffic information in a transportation environment
29 Oct 19
An augmented reality visualization framework for precision traffic analysis combines traffic data with content representative of physical-world characteristics, such as conditions in an intersection or roadway in which traffic activity occurs, and images of the intersection and roadway itself.