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

  • Crises demand digital ITS response
    February 1, 2021
    Digital transformation of transport hubs will be crucial in tackling present and future challenges, and Huawei’s current Shenzhen project highlights what can be achieved
    Read More
  • Costing transit is complicated case
    August 19, 2015
    David Crawford welcomes fresh thinking from Canada. Public transit improvements can bring society “significantly more value” than conventional transport models normally indicate, argues Canadian researcher Todd Litman. “Traditional evaluation practices originally developed to assess roadway improvements, and focus primarily on vehicle travel speeds and operating costs. “They do not generally quantify or monetise basic mobility benefits, vehicle ownership and parking cost savings, or efficient land developme
    Read More
  • UK road safety’ is stagnating’ – IAM and RoSPA call for new strategy
    July 1, 2016
    Independent road safety charity IAM RoadSmart and safety charity the Royal Society for the Prevention of Accidents (RoSPA) have called for government action following the release of the Department for Transport’s (DfT) reported road casualties in Great Britain 2015. The 2015 figures show there were 1,732 reported road deaths – two per cent fewer compared with 2014. According to the DfT, this is the second lowest annual total on record after 2013. The number of people seriously injured in reported road tr
    Read More
  • Connected cars ‘to represent 20% of the global car market by 2019’
    June 4, 2015
    Hi-tech analysts Juniper Research are forecasting that the telematics sector will continue to outperform all other M2M markets over the next five years, in revenue terms, with one in five passenger vehicles connected globally by 2019. Smartphone-based models have become the key disruptor for M2M, as healthcare, consumer electronics and retail continue to evolve. Juniper Research forecasts that the M2M sector will generate service revenues of over $40 billion globally by 2019 - doubling the size of today'
    Read More

Highlighted Content