Announcement • Nov 05
Iteris, Inc.(NasdaqGM:ITI) dropped from NASDAQ Transportation Index Iteris, Inc. has been dropped from the NASDAQ Transportation Index . New Risk • Aug 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 5.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.5% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 09
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: US$0.009 (down from US$0.05 in 1Q 2024). Revenue: US$45.8m (up 5.1% from 1Q 2024). Net income: US$392.0k (down 82% from 1Q 2024). Profit margin: 0.9% (down from 4.9% in 1Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 40%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$4.07, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Electronic industry in the US. Total loss to shareholders of 37% over the past three years. Announcement • Jul 29
Iteris, Inc. to Report Q1, 2025 Results on Aug 08, 2024 Iteris, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024 New Risk • Jun 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.073 (up from US$0.35 loss in FY 2023). Revenue: US$172.0m (up 10% from FY 2023). Net income: US$3.13m (up US$18.0m from FY 2023). Profit margin: 1.8% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • May 31
Iteris, Inc. to Report Q4, 2024 Results on Jun 13, 2024 Iteris, Inc. announced that they will report Q4, 2024 results on Jun 13, 2024 Announcement • Mar 26
Iteris Launches New Clearguide Signal Trends as Probe-Based Option for Improving Intersection Performance Iteris, Inc. announced the launch of ClearGuide® Signal Trends, a new probe data-based solution for improving signal performance. Signal Trends complements Iteris’ detection and traffic analytics software by enabling agencies to enhance performance at the intersection level without the need for equipment connectivity. The solution is designed to help agencies easily identify maintenance and congestion problems at more intersections, including where they do not yet have traffic sensors or communications infrastructure. The new solution within ClearGuide provides signal performance data and visualization by region or sub-region, notifies operators of abnormal conditions promptly, eliminates the need for traffic counting studies, and helps agencies better prioritize signal retiming with a data-driven, rather than calendar-based, approach to retiming. Signal Trends leverages anonymized trajectory data from cloud-connected vehicles to identify whenand where there are signal performance issues and how they have changed over time. This enables agencies to make timely adjustments to reduce delays and improve traveler satisfaction. Signal Trends integrates seamlessly with ClearGuide Roadways, ClearGuide Safety, and ClearGuide SPM. Together these comprehensive diagnostic solutions generate reports, alerts, and recommendations to improve the safety and efficiency of traffic signals and arterials in one user interface. Only Iteris offers both probe Signal Performance Measure (SPM) and Automated Traffic Signal Performance Measure (ATSPM) solutions. ClearGuide Signal Trends is available to any agency in the United States as a standalone solution, or as a valuable addition to the existing ClearGuide solutions in use today. The ClearGuide solution is a key component of Iteris’ ClearMobility® Platform, the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient and communities thrive. Recent Insider Transactions Derivative • Mar 03
President notifies of intention to sell stock J. Bergera intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of February. If the sale is conducted around the recent share price of US$5.09, it would amount to US$188k. For the year to March 2017, Bergera's total compensation was 39% salary and 61% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Bergera's direct individual holding has increased from 121.92k shares to 179.14k. Company insiders have collectively bought US$13k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Feb 23
Independent Director recently bought US$50k worth of stock On the 20th of February, Kimberly Valentine-Poska bought around 10k shares on-market at roughly US$5.02 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$13k more in shares than they have sold in the last 12 months. Major Estimate Revision • Feb 15
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.133 to US$0.103 per share. Revenue forecast steady at US$171.9m. Net income forecast to grow 224% next year vs 14% growth forecast for Electronic industry in the US. Consensus price target up from US$6.00 to US$6.88. Share price was steady at US$5.27 over the past week. Reported Earnings • Feb 10
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: US$0.008 (up from US$0.048 loss in 3Q 2023). Revenue: US$42.1m (up 3.5% from 3Q 2023). Net income: US$355.0k (up US$2.40m from 3Q 2023). Profit margin: 0.8% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 33%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 09
Iteris, Inc. Provides Earnings Guidance for Fiscal Year 2024 Iteris, Inc. provided earnings guidance for Fiscal Year 2024 . For the period, company is Tightening full-year total revenue guidance to a range of $171.0 million to $173.0 million, representing organic growth of 10% year over year at the mid-point, which reflects temporary customer delays largely due to current budget uncertainty and agency labor constraints. Announcement • Jan 26
Iteris, Inc. to Report Q3, 2024 Results on Feb 08, 2024 Iteris, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 08, 2024 Announcement • Dec 14
Iteris, Inc. Announces the Launch of Vantage CV Iteris, Inc. announced the launch of Vantage CV, an integrated detection and connected vehicle (CV) system for safer intersections. This new offering combines traffic detection, cellular vehicle-to-everything (C-V2X) transportation infrastructure communications and connected vehicle safety applications into a single solution with advanced safety features, scalable design and complete intersection coverage. Vantage CV integrates traffic detection data from Iteris' Vantage Apex or Vantage Next detection systems and software to generate real-time safety alerts distributed to connected vehicles via the BlueTOAD Spectra CV roadside unit, so that drivers can be alerted to safety risks like pedestrians in the crosswalk and predicted red light runners. Because not all vehicles are currently equipped with vehicle-to-everything (V2X) technology, the Iteris system includes in-vehicle technologies that agencies can deploy quickly on selected fleet vehicles--such as school buses and maintenance vehicles--for immediate safety benefits. As part of the Vantage CV launch, Iteris has also released the next generation of BlueARGUS™?, now called VantageARGUS CV™?, an essential software component of Vantage CV providing CV data visualization, travel times, dynamic corridor analysis and other system monitoring and analytics capabilities. Announcement • Dec 06
Iteris, Inc. Introduces Multi-Level Cloud-Enabled Managed Services to Optimize Traffic Detection Iteris, Inc. announced the latest evolution of VantageCare, a comprehensive product support program that assists transportation agencies in optimizing their Iteris traffic detection technologies to manage the overall intersection. VantageCare is now offered as a cloud-enabled managed service that helps agencies maximize their traffic detection investments and ensure efficient, safe and reliable travel through intersections. Structured into three distinct plans--Standard, Maintenance Assist, and Performance Assist--the program will offer increasing levels of support and features that allow agencies of all sizes and resources to make the most out of their intersection management infrastructure. Effective immediately, all Vantage detection customers have been enrolled in the Standard plan of VantageCare, building upon Iteris' already support and making it more accessible than ever. Agencies will also have the choice to upgrade to Maintenance Assist or Performance Assist to leverage data, software, and connectivity for new, enhanced support offerings for proactive maintenance and improved operations. VantageCare is compatible with Vantage Next, Vantage Apex and VantageRadius detection systems and is a key component of Iteris' ClearMobility Platform, the most complete solution to continuously monitor, visualize and optimize mobility infrastructure to help ensure roads are safe, travel is efficient, and communities thrive. The ClearMobility Platform applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Reported Earnings • Nov 10
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: US$0.006 (up from US$0.17 loss in 2Q 2023). Revenue: US$43.6m (up 11% from 2Q 2023). Net income: US$551.0k (up US$7.95m from 2Q 2023). Profit margin: 1.3% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Electronic industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Oct 27
Iteris, Inc. to Report Q2, 2024 Results on Nov 09, 2023 Iteris, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Sep 29
Iteris Expands Capacity of Vantage Detection Platform with Release of Vantage Next Max™ Iteris, Inc. announced that it has launched Vantage Next Max™, a new central control unit (CCU) that doubles the number of sensors supported on the Vantage Next® platform from four to eight sensors per in-cabinet processor.This new addition to the Vantage detection product suite is an ideal traffic detection solution for larger or uniquely-configured intersections with up to ten lanes, diverging diamond interchanges and locations with special requirements that may typically require more sensors to achieve comprehensive detection coverage. It saves time, space and effort by allowing traffic engineers and system integrators to easily install and configure a single system rather than multiple systems in a traffic cabinet. With this new product, Iteris and the Vantage platform will be able to address a new and growing segment of the market that typically is a source of greater safety risk and higher traffic management because of challenges associated with large or complex intersection designs. The Vantage detection product suite is a key component of Iteris’ ClearMobility® Platform, the most complete solution for continuously monitoring, visualizing and optimizing mobility infrastructure to help ensure that roads are safe, travel is efficient, and communities thrive. The ClearMobility Platform applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Price Target Changed • Sep 14
Price target increased by 9.1% to US$6.00 Up from US$5.50, the current price target is an average from 4 analysts. New target price is 33% above last closing price of US$4.52. Stock is up 43% over the past year. The company is forecast to post earnings per share of US$0.16 next year compared to a net loss per share of US$0.35 last year. Announcement • Aug 09
Iteris, Inc. Provides Earnings Guidance for the Second Quarter of 2024 and Full Year 2024 Iteris, Inc. provided earnings guidance for the second quarter of 2024 and full year 2024. Second quarter total revenue guidance in the range of $41.0 million to $42.0 million, representing growth of 6% year over year at the mid-point of the guidance range, which takes into account that some customer deployments and associated revenue recognition moved forward into the first quarter.Reiterating full-year total revenue guidance in the range of $168.0 million to $175.0 million, representing organic growth of 10% year over year at the mid-point of the guidance range. Announcement • Jul 29
Iteris, Inc., Annual General Meeting, Sep 07, 2023 Iteris, Inc., Annual General Meeting, Sep 07, 2023, at 16:00 Central Standard Time. Agenda: To elect Joe Bergera, Gary Hall, Gerard M. Mooney, Laura L. Siegal, Thomas L. Thomas, Kimberly Valentine-Poska, and Dennis W. Zank to the Board of Directors, each to hold such office until the next annual meeting of stockholders and until his or her successor is elected and qualified; to conduct an advisory vote to approve the compensation of named executive officers; and to discuss other matters. Announcement • Jul 26
Iteris, Inc. to Report Q1, 2024 Results on Aug 08, 2023 Iteris, Inc. announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • Jul 21
Iteris, Inc. Announces Board Appointments Iteris, Inc. announced that Gary Hall, partner and president of infrastructure & public finance for Siebert Williams Shank & Company, and Kimberly Valentine-Poska, managing director at Global Capital Markets, Inc., have been appointed to its board of directors. Mr. Hall has an extensive background in infrastructure, public finance and regulatory work and is currently a partner and president of infrastructure & public finance for Siebert Williams Shank & Company, the nation’s largest minority-owned investment bank. Mr. Hall is also a partner in a public infrastructure private equity firm (American Triple I Partners), which focuses on transportation, energy, knowledge and information systems, and smart city investments. Previously, Mr. Hall worked in the Mergers & Acquisitions Group of Bank One Capital Markets (JP Morgan), where he gained extensive experience serving as an advisor to middle-market companies executing strategic transactions. Prior to this, Mr. Hall served as a special advisor to the Under Secretary of the Treasury for Domestic Finance within the U.S. Department of Treasury. He also practiced law as a corporate finance attorney. Mr. Hall earned a bachelor’s degree in finance from Howard University and a J.D. from the University of Notre Dame. Ms. Valentine-Poska has a 30 year career of success in investment banking, helping clients across multiple industry verticals to successfully negotiate and close complex domestic and international transactions. She currently works as Managing Director for Global Capital Markets, a global middle-market investment bank where the focus includes middle-market technology transactions. Earlier in her career, she was elected as the first female partner in the National Corporate Finance Practice at Deloitte, an international professional services firm and the largest public accounting firm in the United States. While at Deloitte, Ms. Valentine-Poska advised technology, software, and real estate companies with mergers and acquisitions, IPOs, and debt and equity financings. Ms. Valentine-Poska earned a bachelor’s degree in finance and business economics from the University of Southern California and an MBA from Harvard Business School. In addition to Iteris, Ms. Valentine-Poska serves as an independent director on the board of Empire Valuation Consultants, Inc., a New York-based independent valuation firm. Announcement • Jun 15
Iteris, Inc. announced delayed annual 10-K filing On 06/14/2023, Iteris, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Jun 15
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$0.35 loss per share (further deteriorated from US$0.16 loss in FY 2022). Revenue: US$156.1m (up 17% from FY 2022). Net loss: US$14.9m (loss widened 115% from FY 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Electronic industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Jun 14
Iteris, Inc. Provides Earnings Guidance for the Fiscal Year 2024 Iteris, Inc. provided earnings guidance for the fiscal year 2024. For the year, the company expects total revenue of $168.0 million to $175.0 million, representing organic growth of 10% year over year at the mid-point of the guidance range. Announcement • May 19
Iteris, Inc. to Report Q4, 2023 Results on Jun 01, 2023 Iteris, Inc. announced that they will report Q4, 2023 results on Jun 01, 2023 Reported Earnings • Feb 05
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: US$0.048 loss per share (improved from US$0.057 loss in 3Q 2022). Revenue: US$40.7m (up 27% from 3Q 2022). Net loss: US$2.05m (loss narrowed 15% from 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Dennis Zank was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 19
Iteris, Inc. to Report Q3, 2023 Results on Feb 02, 2023 Iteris, Inc. announced that they will report Q3, 2023 results on Feb 02, 2023 Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from US$148.1m to US$151.8m. Forecast EPS reduced from -US$0.08 to -US$0.29 per share. Electronic industry in the US expected to see average net income growth of 10% next year. Consensus price target down from US$5.67 to US$4.17. Share price rose 6.0% to US$3.16 over the past week. Reported Earnings • Nov 10
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: US$0.17 loss per share (further deteriorated from US$0.049 loss in 2Q 2022). Revenue: US$39.3m (up 18% from 2Q 2022). Net loss: US$7.40m (loss widened 254% from 2Q 2022). Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 05
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: US$0.11 loss per share (down from US$0.015 profit in 1Q 2022). Revenue: US$33.7m (down 1.2% from 1Q 2022). Net loss: US$4.85m (down US$5.48m from profit in 1Q 2022). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 175%. Over the next year, revenue is forecast to grow 14%, compared to a 10% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 02
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: US$0.16 loss per share (down from US$0.012 profit in FY 2021). Revenue: US$133.6m (up 14% from FY 2021). Net loss: US$6.90m (down US$7.39m from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 85%. Over the next year, revenue is forecast to grow 9.6%, compared to a 12% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to US$7.88 Down from US$8.75, the current price target is an average from 3 analysts. New target price is 227% above last closing price of US$2.41. Stock is down 67% over the past year. The company is forecast to post a net loss per share of US$0.087 compared to earnings per share of US$0.012 last year. Buying Opportunity • Feb 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be US$4.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. The company became loss making over the last year. Price Target Changed • Feb 06
Price target decreased to US$7.88 Down from US$8.75, the current price target is an average from 3 analysts. New target price is 133% above last closing price of US$3.38. The company is forecast to post a net loss per share of US$0.087 compared to earnings per share of US$0.012 last year. Reported Earnings • Feb 05
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.057 loss per share (down from US$0.006 loss in 3Q 2021). Revenue: US$32.0m (up 14% from 3Q 2021). Net loss: US$2.40m (loss widened US$2.14m from 3Q 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 10%, compared to a 14% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 09
Price target decreased to US$8.00 Down from US$8.67, the current price target is an average from 3 analysts. New target price is 74% above last closing price of US$4.60. The company is forecast to post a net loss per share of US$0.0033 compared to earnings per share of US$0.012 last year. Price Target Changed • Nov 16
Price target decreased to US$8.33 Down from US$9.00, the current price target is an average from 3 analysts. New target price is 60% above last closing price of US$5.21. The company is forecast to post a net loss per share of US$0.01 compared to earnings per share of US$0.012 last year. Reported Earnings • Nov 05
Second quarter 2022 earnings released: US$0.049 loss per share (vs US$0.018 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: US$33.2m (up 14% from 2Q 2021). Net loss: US$2.09m (down 391% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.09 to US$0.06 per share. Revenue forecast steady at US$138.2m. Net income forecast to grow 698% next year vs 22% growth forecast for Electronic industry in the US. Consensus price target of US$9.00 unchanged from last update. Share price was steady at US$6.17 over the past week. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS US$0.015 (vs US$0.01 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$34.1m (up 22% from 1Q 2021). Net income: US$629.0k (up 51% from 1Q 2021). Profit margin: 1.8% (up from 1.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jun 12
President exercised options and sold US$177k worth of stock On the 7th of June, J. Bergera exercised 64.93k options at around US$2.38, then sold 38k of the shares acquired at an average of US$7.04 per share and kept the remainder. For the year to March 2020, Bergera's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2020, Bergera has owned 7.80k shares directly. Company insiders have collectively sold US$193k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Jun 03
Full year 2021 earnings released: EPS US$0.012 (vs US$0.045 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$117.1m (up 9.1% from FY 2020). Net income: US$491.0k (up US$2.25m from FY 2020). Profit margin: 0.4% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • May 27
Forecast breakeven pushed back to 2022 The 4 analysts covering Iteris previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of US$4.66m in 2022. Average annual earnings growth of 26% is required to achieve expected profit on schedule. Reported Earnings • Feb 04
Third quarter 2021 earnings released: US$0.006 loss per share (vs US$0.051 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$28.2m (down 2.0% from 3Q 2020). Net loss: US$261.0k (loss narrowed 87% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 16%, compared to a 13% growth forecast for the Electronic industry in the US. Is New 90 Day High Low • Jan 08
New 90-day high: US$6.75 The company is up 54% from its price of US$4.38 on 09 October 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$14.71 per share. 