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

  • New US fuel efficiency standards would cost over US$65 billion in lost revenue
    April 17, 2012
    Friday’s proposal by the Obama Administration to increase fuel efficiency standards for cars and light trucks to an average 54.5 miles per gallon (4.32 litres/100 km) between 2017 and 2025 would result in the loss of more than $65 billion in federal funding for state and local highway, bridge and transit improvements, an analysis by the American Road & Transportation Builders Association (ARTBA) shows.
    Read More
  • Traffic management market ‘worth US$17.64 billion 2020’
    January 13, 2016
    According to a new market research report published by MarketsandMarkets, the traffic management market is predicted to grow from US$4.12 billion in 2015 to US$17.64 billion by 2020, at a compound annual growth rate (CAGR) of 33.8 per cent during the forecast period. Increasing environmental concerns, rapid urbanisation and population explosion, together with demand for real-time information are the main drivers driving the growth of the market. The increasing need to access real-time information capture
    Read More
  • AV/ridesharing mix wins major auto investment
    May 5, 2016
    The US has a new trend in personal mobility and David Crawford takes a closer look. US automaker General Motors and ridesharer Lyft’s announcement of a strategic partnership aimed at delivering, over time, an integrated network of on-demand autonomous as well as conventional vehicles has taken the nation’s car industry from traditional manufacturing to new arenas.
    Read More
  • Phoenix rises to the Smart City challenge
    December 10, 2015
    Andrew Bardin Williams looks at the City of Phoenix where voters backed a $30bn plan to revamp its transportation network to cultivate a more connected community. According to a Land Use Institute study, half of all Americans and even more millennials (63%) would like to live in a place where they do not need to use a car very often. The City of Phoenix is putting in place plans to revamp its urban development and transportation policies to meet these changing quality of life perceptions.
    Read More

Highlighted Content