Revenue Update on Iteris Inc(NYSEMKT:ITI)

Iteris Inc(NYSEMKT:ITI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 16, 2016. Company reported revenue of $19.80M. Analysts estimated a revenue of $19.08M. Earnings per share were $-0.04.

Iteris Inc (ITI) made into the market gainers list on Tuesdays trading session with the shares advancing 1.49% or 0.04 points. Due to strong positive momentum, the stock ended at $2.73, which is also near the day’s high of $2.75. The stock began the session at $2.67 and the volume stood at 94,997 shares. The 52-week high of the shares is $2.96 and the 52 week low is $1.62. The company has a current market capitalization of $87 M and it has 3,20,38,329 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2015, Andrew C Schmidt (CFO) purchased 10,000 shares at $2.20 per share price.Also, On Aug 27, 2015, Kevin Daly (CEO) purchased 15,000 shares at $2.07 per share price.On Aug 27, 2015, Tom Thomas (director) purchased 15,000 shares at $2.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Iteris Inc. is a provider of information solutions for the intelligent traffic systems (ITS) and the precision agriculture markets. The Company operates through three segments: Roadway Sensors Transportation Systems and Performance Analytics. The Roadway Sensors segment products include Vantage Vantage Vector VantageView SmartCycle and vehicle detection systems for traffic intersection control incident detection and highway traffic data collection applications. The Transportation Systems segment includes transportation engineering and consulting services and the development of transportation management and traveler information systems. The Performance Analytics segment includes ClearAg its precision agriculture solution; iPeMS its transportation performance measurement solution which provides big data and software analytics solutions and ClearPath Weather its road-maintenance application which provides maintenance and treatment recommendation for road networks.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *