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

  • US traffic fatalities fall in 2014, but early estimates show 2015 trending higher
    December 22, 2015
    The US saw a slight decline in traffic deaths during 2014, according to the Department of Transportation's National Highway Traffic Safety Administration (NHTSA). However, an increase in estimated fatalities during the first six months of this year reveals a need to reinvigorate the fight against deadly behaviour on America's roads, NHSA says.
    Read More
  • Cycling is the fastest way of travelling across Buenos Aires
    May 9, 2012
    A study by the Institute for Transportation and Development Policy (ITDP) shows cycling, rather than travelling by car or bus, as the fastest way of travelling in Buenos Aires city. By bike, it takes 26 minutes to travel between Parque Centenario and Plaza de Mayo, compared to 40 minutes that takes by bus and 41 minutes by car. The journeys were at the same time (8:50AM). The average speed for a bike is 16.2km/h, compared to 10.5km/h for a bus and 10.3km/h for a car. Because of parking, car travel is the mo
    Read More
  • National funding cuts cause fragmentation of US ITS market
    February 1, 2012
    Paul Everett, Research Director with IMS Research, looks at how ITS deployment varies across the US and what this means in terms of market potential for systems manufacturers and suppliers At the end of 2010, the US will have a total resident population of close to 310 million, rising to an estimated 439 million by 2050.
    Read More
  • Multi-modal transport system key to liveable city development
    June 20, 2012
    Malaysia’s Economic Transformation Programme aims to transform Kuala Lumpur into one of the world’s most liveable cities. Mohd Nur Kamal, CEO of SPAD, Malaysia’s Land Transport Commission, explains how a world class multi-modal transport system will be key to reaching that goal Superficially, Kuala Lumpur, or KL as it is commonly known, is the model of a vibrant, modern, cosmopolitan city to equal any in the world. The Petronas Twin Towers, an iconic global symbol of Malaysia, are surrounded by stunningly
    Read More

Highlighted Content