Iteris reports continued strength in transportation sector

Iteris has reported continued growth in its transportation business and increasing momentum in the precision agriculture sector for the fiscal first quarter for year ending 31 March 2016. Revenues for roadway sensors increased ten per cent year on year to US$9.9 million, while total revenues in the first quarter of 2016 increased to US$18.4 million compared to US$18.1 million in the same quarter a year ago. This was primarily driven by a 10 per cent increase in roadway sensors sales, while transportatio
August 13, 2015 Read time: 2 mins
73 Iteris has reported continued growth in its transportation business and increasing momentum in the precision agriculture sector for the fiscal first quarter for year ending 31 March 2016.

Revenues for roadway sensors increased ten per cent year on year to US$9.9 million, while total revenues in the first quarter of 2016 increased to US$18.4 million compared to US$18.1 million in the same quarter a year ago. This was primarily driven by a 10 per cent increase in roadway sensors sales, while transportation systems revenues and performance analytics (formerly known as iPerform) were down four per cent and 24 per cent respectively.

“We are very pleased with the results of Q1 of our fiscal year 2016. We saw continued strength in our transportation sector businesses with increases in both revenue and gross margin. Once again, this growth was driven by a 10 per cent increase in our sensors business,” said Kevin Daly, interim president and CEO of Iteris. “In our agriculture sector, we saw progress on a number of important fronts: in our core technology, we received eight additional patents, we broadened our base with new product offerings, and we have booked initial business in three different product categories. Additionally, we have had a number of key customers testing our agriculture products that we feel will result in new business in the next quarter.”
Detection, Monitoring & Machine Vision Classification & Data Collection

For more information on companies in this article

Related Content

  • Road user charging comes a step closer in Oregon
    December 19, 2017
    Having been the first US state to introduce the gas tax a century ago, Oregon is now blazing the road user charging trail. Colin Sowman looks at progress to date. For more than a decade, authorities in Oregon have known of the impending decline in fuels tax income and while revenue increased by more than 5% in 2016, that growth will slow considerably this year and income is projected to start declining in 2020.
    Read More
  • M&A in ITS: upward mobility
    February 17, 2021
    2021 has kicked off with a flurry of M&A activity. Adam Hill asks the bosses of IRD and Iteris what we should make of their new purchases – and finds out why the whole process is a bit like dancing…
    Read More
  • Big data analytics identifies congestion increases
    November 26, 2014
    Iteris has completed and published the Alameda County Transportation Commission (Alameda CTC) 2014 Level of Service Monitoring Report. The report was generated for speed-based congestion monitoring, utilising big data analytics in place of conventional in-field manual data collection for 205 miles of the 327 mile network. Use of big data analytics will be expanded in future monitoring cycles. Many agencies conduct congestion monitoring through manual data collection efforts. Agencies traditionally us
    Read More
  • London is Europe’s most congested city, says Inrix
    August 24, 2015
    The Inrix National Traffic Scorecard Annual Report 2014, which analyses and compares the status of traffic congestion in countries and major metropolitan areas worldwide, reveals that congestion levels rose in over half (53%) of European cities. As economies start to recover from the recession of 2007-2013 and employment levels begin to rise, congestion is increasing. Congestion in European cities decreased in the first and second quarters of 2014 when compared with the previous year, by four per cent pe
    Read More

Highlighted Content