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ITRI Itron

Itron, Inc. is a technology and services company, which engages in the provision of solutions that measure, manage, and analyze energy and water use. It operates through the following segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment includes hardware products used for measurement, control, or sensing that do not have communications capability embedded for use with its broader Itron systems. The Networked Solutions segment offers a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution for acquiring and transporting robust application-specific data. The Outcomes segment consist of the firm’s value-added, enhanced software and services operating segment in which it manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. The company was founded in 1977 and is headquartered in Liberty Lake, WA.

Company profile

Ticker
ITRI
Exchange
Website
CEO
Philip Mezey
Employees
Incorporated
Location
Fiscal year end
Former names
ITRON INC /WA/
SEC CIK
IRS number
911011792

ITRI stock data

(
)

Calendar

3 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Itron earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 574.59M 574.59M 574.59M 574.59M 574.59M 574.59M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 485.42K (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 1.88M n/a n/a
Cash remaining n/a n/a n/a 572.71M n/a n/a
Runway (months of cash) n/a n/a n/a 1179.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jul 21 John F. Marcolini Common Stock Sell Dispose S No Yes 98.19 342 33.58K 5,926
2 Jul 21 Reeves Donald L. III Common Stock Sell Dispose S No No 99.41 391 38.87K 7,694
2 Jul 21 John F. Marcolini Common Stock Sell Dispose S No No 99.41 182 18.09K 6,268
2 Jul 21 John F. Marcolini Common Stock Sell Dispose S No Yes 100.87 349 35.2K 6,450
1 Jul 21 Glanville Thomas S Common Stock Grant Aquire A No No 0 322 0 8,101
1 Jul 21 Jaehnert Frank M Common Stock Grant Aquire A No No 0 322 0 12,748
1 Jul 21 Tremblay Diana D Common Stock Grant Aquire A No No 0 322 0 12,748

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 272 240 +13.3%
Opened positions 68 46 +47.8%
Closed positions 36 33 +9.1%
Increased positions 100 86 +16.3%
Reduced positions 77 78 -1.3%
13F shares
Current Prev Q Change
Total value 4.22B 6.74B -37.4%
Total shares 43.3M 39.6M +9.3%
Total puts 59.7K 36.3K +64.5%
Total calls 73.4K 62.6K +17.3%
Total put/call ratio 0.8 0.6 +40.3%
Largest owners
Shares Value Change
BLK Blackrock 7.56M $670.23M +22.6%
Vanguard 4.81M $426.18M +16.1%
JPM JPMorgan Chase & Co. 2.78M $246.68M +64.6%
IPXAF Impax Asset Management 2.4M $211.7M -8.5%
STT State Street 1.4M $123.81M +9.3%
IVZ Invesco 1.11M $98.38M -13.1%
CS Credit Suisse 956.15K $84.77M +53.8%
Ninety One UK 898.08K $79.62M +64.2%
Aristotle Capital Boston 885.51K $78.5M -4.4%
Dimensional Fund Advisors 854.02K $75.71M -1.2%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 7.56M +1.39M +22.6%
JPM JPMorgan Chase & Co. 2.78M +1.09M +64.6%
Vanguard 4.81M +666.36K +16.1%
Wellington Management 759.1K -557.95K -42.4%
Mirova 336.15K -469.43K -58.3%
Caas Capital Management 459.78K +459.78K NEW
Norges Bank 0 -406.8K EXIT
Ninety One UK 898.08K +351.09K +64.2%
CS Credit Suisse 956.15K +334.44K +53.8%
BK Bank Of New York Mellon 532.34K -333.28K -38.5%

Financial report summary

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Management Discussion
  • Revenues - Three months ended March 31, 2021 vs. Three Months Ended March 31, 2020
  • Total revenues decreased $78.8 million, or 13%, for the first three months of 2021, compared with the same period in 2020. We have been unfavorably impacted by timing of customer projects and shipments that continue to be impacted by COVD-19, which drove the lower year-over-year results. Product revenues decreased by $85.3 million, and service revenues increased by $6.5 million. Device Solutions decreased by $29.5 million; Networked Solutions decreased by $52.5 million; and Outcomes increased by $3.2 million when compared with the same period last year. Changes in exchange rates favorably impacted total revenues by $17.7 million, of which $13.4 million favorably impacted Device Solutions.
  • Gross Margin - Three months ended March 31, 2021 vs. Three Months Ended March 31, 2020
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: acoustic, adhering, air, Australian, bear, calendar, case, certified, chosen, client, commercial, concurrently, Confirmation, consecutive, criteria, customary, deployed, discharged, drove, equivalent, expressly, extinguishment, fundamental, globe, gunshot, hand, holder, identification, indenture, infection, inflow, Intelligence, intelligent, location, meet, metric, mutation, newly, notice, occurrence, opportunity, parking, paydown, penetration, permit, platform, preceding, predominantly, prepaid, Previously, public, quality, rank, reader, regular, reinfection, resurgence, retrospective, run, send, set, signage, sinking, strike, structurally, submitted, subordinated, suite, synthetic, Temetra, traffic, trustee, understanding, unsubordinated, vehicle, warrant, widespread, withheld
Removed: acquired, addressing, adequately, adversely, amortize, announced, announcement, arise, aware, bad, burden, buy, cap, capacity, circuit, collectible, combined, confidence, consisting, contractually, controlled, covered, created, DA, decline, declining, deemed, delay, delivery, designation, difficult, difficulty, disruption, disruptive, doubtful, effort, essential, exacerbate, experience, experienced, geographic, governmental, guidance, IEC, immaterial, implemented, inability, inhibit, integrated, invoicing, legacy, length, medical, methodology, metrology, mitigate, mitigating, netted, November, organization, played, predicted, program, prolonged, prudent, quarantine, recently, recognition, recognize, recoverable, reduction, referred, remotely, response, return, reverse, role, shipment, shown, sourcing, stop, sum, supportable, temporary, treat, Unbilled, unchanged, unclear, unexpected, unfavorable, unknown, updated, upgrade, velocity, vulnerability

Patents

GRANT
Utility
System subset version and authentication for remotely connected devices
27 Jul 21
A delta file may be assembled for use in updating software on a networked device.
GRANT
Utility
Channel plan management in a radio network
27 Jul 21
Channel plan management enables a radio to select preferred channels within a potentially noisy radio frequency (RF) spectrum.
GRANT
Utility
Power-efficient passive discovery by network devices
20 Jul 21
Disclosed are techniques to minimize the electricity consumption of battery powered devices during network discovery and other phases of network operation.
APP
Utility
Man-In-The-Middle Extender Defense In Data Communications
1 Jul 21
A method of determining whether a received message at a communications device is from a legitimate second device may include building a message intended for a legitimate second device, generating a time delay using a secret key known to the device and the legitimate second device, sending the built message to the legitimate second device, starting a timer at the time of sending the built message, receiving a response to the sent message, determining a response time of the received response based on a time value of the timer, determining an acceptable receive window of time based on the generated time delay, determining whether the determined response time is within the determined acceptable receive window of time, and when the determined response time is within the determined acceptable receive window of time, recognizing the received response as a legitimate message from the legitimate second device.
APP
Utility
Local Authentication of Communications Device
1 Jul 21
A device and method for locally authenticating an accessor device to access an operable device.