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Iteris: Fiscal Q1 Earnings Snapshot

Iteris: Fiscal Q1 Earnings Snapshot

By AP News
Published - Aug 08, 2024, 06:40 PM ET
Last Updated - Aug 08, 2024, 06:40 PM EDT

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Iteris Inc. (ITI) on Thursday reported net income of $392,000 in its fiscal first quarter.

On a per-share basis, the Austin, Texas-based company said it had net income of 1 cent. Earnings, adjusted for non-recurring costs and stock option expense, were 6 cents per share.

The vehicle detection and traffic control company posted revenue of $45.8 million in the period.

For the current quarter ending in September, Iteris said it expects revenue in the range of $44 million to $48 million.

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