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

  • Iteris awarded new five-year contract to continue DOT training program
    March 2, 2016
    The US Federal Highway Administration (FHWA) has awarded Iteris a new five-year contract for training departments of transportation technical staff on sustainable transportation planning and environment programs. This new US$19 million contract expands the topics to include economic analysis and smart land use, as well as environment programs that promote safer and more efficient mobility. Iteris has been pr
    Read More
  • Iteris awarded new five-year contract to continue DOT training program
    March 2, 2016
    The US Federal Highway Administration (FHWA) has awarded Iteris a new five-year contract for training departments of transportation technical staff on sustainable transportation planning and environment programs. This new US$19 million contract expands the topics to include economic analysis and smart land use, as well as environment programs that promote safer and more efficient mobility. Iteris has been pr
    Read More
  • Towards intelligent road infrastructure
    October 8, 2021
    A digital transformation is happening in the world today and the result is that Europe’s transport infrastructure, and also the car industry are experiencing revolutionary changes. Jēkabs Krastiņš looks at the challenges and plots the road ahead.
    Read More
  • San Francisco plans express lane network across Bay Area
    February 25, 2015
    Colin Sowman looks at plans to convert 240km (150 miles) of HOV/car pool lanes. While some authorities have debated the conversion of high occupancy vehicle lanes (HOV) into express or managed lanes allowing toll paying single-occupant vehicles to avoid congestion, San Francisco’s Bay Area Metropolitan Transportation Commission (MTC) has acted. It is converting 240km (150 miles) of HOV/car pool lanes to express lanes and last fall the MTC’s Bay Area Infrastructure Financing Authority selected TransCore to d
    Read More

Highlighted Content