Iteris Reports Strong Financial performance in 2024
Iteris Inc., a leader in intelligent transportation systems, ended 2024 with a solid financial showing. As of today, the company boasts a market capitalization of €284.9 million and a price-to-sales ratio (P/S) of 1.27 for the current year, indicating a stable position in the market. With 43.0 million shares outstanding, the technology specialist, which focuses on developing solutions for mobility infrastructure, continues to attract investor interest.
A closer look at Iteris’ 2024 financials reveals a healthy picture. The company generated an annual profit of USD 3.1 million, demonstrating its ability to translate innovation into tangible financial results. Cash flow per share stood at a respectable $0.26, while the company’s overall cash flow reached USD 11.4 million, further solidifying its strong financial structure.
These figures highlight Iteris’ success in navigating a complex market landscape and driving sustainable growth. Located in Austin, Texas, the company is well positioned to capitalize on the increasing demand for intelligent transportation solutions, driven by factors like urban congestion, evolving mobility patterns, and the need for safer, more efficient infrastructure.
Investors Call for Action:
The latest Iteris figures suggest a need for decisive action from investors. Is it time to capitalize on the company’s momentum or should a cautious approach be taken?
A recent analysis released on November 30th offers valuable insights into Iteris’ future trajectory. The comprehensive report, available for free external readers, delves into the company’s financials, market position, and growth potential, providing investors with the information they need to make informed decisions.
To gain a deeper understanding of Iteris’ investment potential, readers are encouraged to review the detailed analysis.
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What are some of Iteris’ key financial highlights mentioned in the interview?
## Iteris’ Strong Financial Performance: An Interview
**Interviewer:** Joining us today is [Guest Name], an industry analyst specializing in the smart mobility sector. Iteris recently released impressive financial results for their fiscal year 2024. Can you walk us through some of the key highlights?
**Guest:** Certainly. Iteris, a leading provider of intelligent transportation solutions, demonstrated solid performance this year. Notably, they reported a record second-quarter revenue of $43.6 million, representing an 11% increase year-over-year. [[1](https://www.iteris.com/news/iteris-reports-record-second-quarter-revenue-436-million-11-year-over-year-and-gaap-net-income)]This growth reflects the increasing demand for innovative solutions that address the challenges of modern transportation systems.
**Interviewer:** And what about profitability?
**Guest:** Iteris also saw a significant improvement in profitability. They achieved an adjusted EBITDA of $2.9 million, marking an impressive $8.1 million improvement compared to the same period last year. [[1](https://www.iteris.com/news/iteris-reports-record-second-quarter-revenue-436-million-11-year-over-year-and-gaap-net-income)]These figures suggest that Iteris is effectively managing its costs while driving revenue growth—a crucial factor for long-term sustainability.
**Interviewer:** Looking beyond these figures, what does this success tell us about the future of Iteris and the smart mobility industry as a whole?
**Guest:** Iteris’ success is a testament to the growing importance of smart mobility solutions. As cities grapple with congestion, safety concerns, and environmental challenges, innovative technologies like those offered by Iteris are becoming increasingly essential.
This positive performance positions Iteris well for continued growth in a rapidly evolving market.
**Interviewer:** Thank you for providing such insightful analysis, [Guest Name]. We appreciate your time.