Iteris reports preliminary summary financial results for fiscal 2014

Pending completion of its fiscal 2014 audit, Iteris has reported preliminary condensed consolidated financial results for the fiscal year ended 31 March 2014, to provide investors with insight into the company’s performance. Total unaudited revenue for the year was in the range US$67.2 million to US$68 million, compared to audited revenue in 2013 of US$61.6 million. Net income was between US$0.5 million and US$1.5 million, compared to US2.3 million in 2013. Net income in fiscal 2014 and 2013 includes an
July 17, 2014 Read time: 1 min

Pending completion of its fiscal 2014 audit, 73 Iteris has reported preliminary condensed consolidated financial results for the fiscal year ended 31 March 2014, to provide investors with insight into the company’s performance.

Total unaudited revenue for the year was in the range US$67.2 million to US$68 million, compared to audited revenue in 2013 of US$61.6 million. Net income was between US$0.5 million and US$1.5 million, compared to US2.3 million in 2013.  Net income in fiscal 2014 and 2013 includes an approximate US$0.1 million and US$1.5 million gain on the sale of discontinued operation, net of tax, respectively.

Abbas Mohaddes, the company’s CEO noted, “2014 was another profitable year with strong revenue growth and a growing cash balance. In addition, our business and its prospects remain strong. We are continuing to focus on completing our fiscal 2014 audit.”

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

For more information on companies in this article

Related Content

  • Transit takes on demanding role
    April 2, 2021
    Community transport - or paratransit - has historically formed the basis of demand-responsive operations. But with new routing technologies, David Crawford sees wider potential
    Read More
  • ABM partners with Rezcomm
    June 14, 2024
    Parking operators will have access to real-time data and predictive insights
    Read More
  • Grab going public for $39.6bn
    April 14, 2021
    Singapore-based Grab says it has more than 70% of south-east Asia ride-hail market
    Read More
  • PTV expands board of directors
    April 8, 2015
    Transport software and consulting group, PTV, has expanded its board of directors with the appointment of Michel Zweers as chief financial officer. He will head the company with PTV’s CEO, Vincent Kobesen. Prior to joining PTV in 2011 as vice president of Finance and Internal Services, Zweers held leadership positions in finance at several organisations. As CFO, Zweers is responsible for Finance & Controlling, IT, HR, Legal & Compliance and Customer Service. "Thanks to the good results in the last two
    Read More

Highlighted Content