Iteris (NASDAQ: ITI) reported Q1 EPS of $0.01, $0.03 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $45.78 million versus the consensus estimate of $46.4 million.

GUIDANCE:

Iteris sees FY2025 revenue of $188-194 million, versus the consensus of $189.3 million

representing organic growth of 11% year over year at the mid-point of the guidance range
Reiterating full year adjusted EBITDA margin in the range of 8.0% to 10.0% of revenue, representing a 150 basis points improvement at the midpoint of the guidance range (see “Non-GAAP Financial Measures and Reconciliation” below for important information)

Fiscal 2025 Second Quarter Outlook

Total revenues of $44.0 million to $48.0 million, versus the consensus of $47.785 million, representing organic growth of 6% year over year at the mid-point of the guidance range due to the timing of new product introduction cycles.
Adjusted EBITDA margin in the range of 6.0% to 7.0% of total revenue

For earnings history and earnings-related data on Iteris (ITI) click here.