Iteris (ITI) Reports In-Line Q4 EPS, Beats on Revenues

Iteris (NASDAQ: ITI) reported Q4 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $25.3 million versus the consensus estimate of $22 million.

Fiscal Fourth Quarter 2017 Financial Highlights

• Total revenue increased 28% year over year to a record $25.3 million
• Transportation Systems revenue increased 32% year over year to $12.6 million
• Roadway Sensors revenue increased 25% year over year to $11.3 million
• Agriculture and Weather Analytics revenue increased 16% year over year to $1.4 million
• Net loss of $0.10 GAAP; $0.04 Non-GAAP

Fiscal 2017 Full Year Financial Highlights

• Total revenue increased 24% year over year to a record $96.0 million
• Transportation Systems revenue increased 45% year over year to $49.3 million, with Segment operating income margins expanding 500 basis points
• Roadway Sensors revenue increased 5% year over year to $42.2 million, with Segment operating income margins expanding 230 basis points
• Agriculture and Weather Analytics revenue increased 34% year over year to $4.5 million
• Cash balance increased to $18.2 million
• Net loss of $0.15 GAAP; $0.08 Non-GAAP

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

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