Iteris increases revenue in fiscal year 2015

Iteris has reported record revenue for fiscal year 2015 and significant progress on strategic initiatives. Total revenues for the year have increased by six per cent over 2014 to US$72.3 million, while total gross margin improved to 39 per cent. Revenue for roadway sensors revenues has increased by 15 per cent to US$36.4 million.
June 17, 2015 Read time: 2 mins

73 Iteris has reported record revenue for fiscal year 2015 and significant progress on strategic initiatives.

Total revenues for the year have increased by six per cent over 2014 to US$72.3 million, while total gross margin improved to 39 per cent. Revenue for roadway sensors revenues has increased by 15 per cent to US$36.4 million.

“Our overall growth in fiscal year 2015 is reflective of the strength of roadway sensors and transportation systems, our core transportation business segments,” said Kevin Daly, interim president and CEO of Iteris. “Together, these grew at an annual rate of six per cent. Our Q4 revenue and 10 per cent backlog growth to US$39.2 million are both indicators that this performance is likely to continue in fiscal year 2016. We also believe that the proliferation of connected vehicle initiatives will create new opportunities for Iteris products and services in the transportation market.

“With our continued growth and expansion in the transportation market and our emergence in the agriculture market, we look forward to an exciting year that we expect could have a transformative impact on our business.”

Detection, Monitoring & Machine Vision Classification & Data Collection Urban Traffic Control

For more information on companies in this article

Related Content

  • National funding cuts cause fragmentation of US ITS market
    February 1, 2012
    Paul Everett, Research Director with IMS Research, looks at how ITS deployment varies across the US and what this means in terms of market potential for systems manufacturers and suppliers At the end of 2010, the US will have a total resident population of close to 310 million, rising to an estimated 439 million by 2050.
    Read More
  • Fleet management systems ‘will reach 12 million units in the Americas by 2018’
    October 3, 2014
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was four million in Q4-2013. Growing at a compound annual growth rate (CAGR) of 15.3 per cent, this number is expected to reach 8.1 million by 2018. In Latin America, the number of active fleet management systems is expected to increase from 1.9 million in Q4-2013, growing at a CAGR of 16.1 per cent to reach 3.9 million in 2018. The top t
    Read More
  • 2017 GNSS Market Report looks at latest trends shaping road transportation
    May 11, 2017
    The fifth edition of the European GNSS Agency’s (GSA) 2017 GNSS Market Report offers a comprehensive look at the global GNSS market, providing an analysis per market segment (location-based services (LBS), road transportation, aviation, maritime, rail, agriculture, surveying and timing and synchronisation), region and application type, including information on shipments, revenues and installed device base. In the road sector, according to the report, European GNSS, including Galileo and EGNOS, significantly
    Read More
  • UK Government fast tracks driverless cars
    July 30, 2014
    UK business secretary Vince Cable has announced two new measures today that give the green light for driverless cars to take to UK roads from January 2015. UK cities can now bid for a share of a US$16.9 million competition to host a driverless cars trial. The government is calling on cities to join together with businesses and research organisations to put forward proposals to become a test location. Up to three cities will be selected to host the trials from 2015 and each project is expected to last
    Read More

Highlighted Content