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

  • Q-Free increases its stake in Intelight
    March 20, 2015
    Q-Free has increased its stake in US traffic controller supplier, Intelight, with a five year option program which will give shareholders the option to sell shares at closing in 2015 and in five subsequent years valid from 2016. The deal will give Q-Free the opportunity to add some 15 per cent of Intelight shares to its current 10.2 per cent shareholding each year. At end of the five year period, Q-Free has the option to acquire the rest of the shares. The first transaction will be closed during the second
    Read More
  • ITS industry in the US has grown to $48 billion and will expand
    April 17, 2012
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More
  • IRD wins three tolling contracts in India
    February 3, 2012
    IRDSA (IRD South Asia), the wholly-owned subsidiary of International Road Dynamics (IRD) has signed three tolling contracts in India with a total value of over US$1.5 million.
    Read More
  • PTV & Econolite enter new domain
    January 19, 2023
    Umbrella brand - Umovity - will cover rebranded mobility operations of two firms
    Read More

Highlighted Content