Last $1.73 USD
Change Today -0.01 / -0.57%
Volume 17.7K
ITI On Other Exchanges
As of 11:02 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

iteris inc (ITI) Snapshot

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iteris inc (ITI) Details

Iteris, Inc. provides intelligent transportation systems solutions to the traffic management market worldwide. The company’s Roadway Sensors segment offers a range of vehicle detection systems for traffic intersection control, incident detection, and highway traffic data collection applications. Its products include Vantage video detection system to detect vehicle presence at intersections; VantageView software to manage and see video detection assets; Vantage Vector vehicle detection sensor with stop bar detection, advanced-zone detection, and sensing capabilities; SmartSpan, a product for the detection of vehicles at intersections; SmartCycle for differentiating bicycles and other vehicles; VersiCam integrated camera and processor video detection system for smaller intersections; Pico compact video detection system for international video detection needs; and Abacus products to monitor roadways, signalized intersections, tunnels, and bridges. This segment sells its products directly and through a network of independent dealers to the traffic management market. Iteris, Inc.’s Transportation Systems segment offers transportation engineering and consulting services focused on the planning, design, development, and implementation of software-based systems that integrate sensors, video surveillance systems, computers, and communications equipment; assist in the dispatch of emergency crews; and distribute real-time information about traffic conditions. This segment also provides traveler information systems and maintenance decision support system management tools that allow users to create solutions to meet roadway maintenance decision needs. The company’s iPerform segment engages in transportation performance measurement; and offers information management solutions. The Transportation Systems and iPerform segments sell its services directly to federal, state, and local government agencies. The company was founded in 1969 and is headquartered in Santa Ana, California.

258 Employees
Last Reported Date: 06/7/13
Founded in 1969

iteris inc (ITI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $380.0K
Senior Vice President and General Manager of ...
Total Annual Compensation: $215.3K
Senior Vice President of Iperform
Total Annual Compensation: $160.9K
Compensation as of Fiscal Year 2013.

iteris inc (ITI) Key Developments

Iteris Announces Receipt Of Notice Of Noncompliance With NYSE MKT Listing Standards

Iteris, Inc. announced that, on July 17, 2014, the Company received a letter from the NYSE MKT LLC indicating that the Exchange has determined that the Company is not in compliance with Sections 134 and 1101 of the Exchange's Company Guide due to the Company's inability to file its Annual Report on Form 10-K for the year ended March 31, 2014 with the SEC by the requisite deadline. In the letter issued to the Company, the Exchange advised the Company that, in order to maintain its listing of securities on the Exchange, the Company must submit a plan to the Exchange by July 31, 2014, detailing the action the Company plans to take to bring it into compliance with the continued listing standards of the Company Guide by October 15, 2014. The Company has submitted to the Exchange the Company's plan on July 21, 2014. If the Company's plan is not accepted by the Exchange, or if the Company is not in compliance with the Exchange's continued listing standards within the timeframe provided or does not make progress consistent with its plan by October 15, 2014, then the Exchange will initiate delisting proceedings as it deems appropriate. As previously announced, the Company plans to file its Form 10-K within the next three to six weeks.

Iteris, Inc. Provides Preliminary Consolidated Earnings Guidance for the Year Ended March 31, 2014

Iteris, Inc. provided preliminary consolidated earnings guidance for the year ended March 31, 2014. For the year, the company expects, total revenue in the range of $67.200 million to $68.000 million, and net income of $0.500 million to $1.500 million.

Iteris, Inc. Announces Management Changes

Iteris, Inc. announced that Chuck McBride has resigned, effective July 11, 2014, from the position of vice president of finance and chief financial officer of the company. Mr. McBride served as the company's CFO for seven months, from his original appointment in December 2013. Craig Christensen has agreed to assume the role of interim CFO until the company has identified a permanent replacement. Mr. Christensen has served as the company's vice president and controller since April 2012. In his roles of increasing responsibility with Iteris, he has become closely involved with all of the company's accounting procedures. Prior to joining Iteris, Christensen served as the corporate controller and director of finance and accounting at SM&A.


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