ITI · Iteris, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $171.99M | $156.05M | $133.57M | $117.14M | $114.12M | $103.73M |
| Cost of Revenue | $107.40M | $114.03M | $86.18M | $70.28M | $66.36M | $60.52M |
| Gross Profit | $64.59M | $42.02M | $47.39M | $46.86M | $47.76M | $38.61M |
| R&D | $9.96M | $8.32M | $7.35M | $5.13M | $8.60M | $7.82M |
| SG&A | $23.87M | $22.08M | $24.05M | $39.16M | $44.38M | $38.47M |
| Total Operating Expenses | $61.77M | $56.53M | $54.09M | $46.42M | $53.74M | $46.56M |
| D&A | $558.0K | $615.0K | $820.0K | $734.0K | $848.0K | $854.0K |
| Operating Income | $2.82M | ($14.52M) | ($6.69M) | $439.0K | ($5.98M) | ($7.96M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $332.0K | $135.0K | $174.0K | $115.0K | $160.0K | $36.0K |
| Net Income | $3.13M | ($14.86M) | ($7.08M) | ($5.61M) | ($5.61M) | ($7.82M) |
| EPS - Basic | $0.07 | ($0.35) | ($0.16) | $0.24 | ($0.14) | ($0.23) |
| EPS - Diluted | $0.07 | ($0.35) | ($0.16) | $0.24 | ($0.14) | ($0.23) |
Balance Sheet
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.85M | $16.59M | $23.69M | $25.20M | $14.22M | $7.07M |
| Accounts Receivable | $25.67M | $23.81M | $25.63M | $19.02M | $17.57M | $16.93M |
| Inventory | $13.43M | $10.84M | $7.98M | $5.07M | $3.04M | $2.92M |
| Accounts Payable | $15.85M | $12.94M | $11.93M | $8.94M | $8.36M | $9.44M |
| Current Assets | $75.93M | $62.85M | $72.36M | $69.64M | $59.03M | $36.70M |
| Total Assets | $123.44M | $111.79M | $126.38M | $126.87M | $101.96M | $57.95M |
| Current Liabilities | $43.33M | $38.04M | $35.69M | $33.03M | $26.52M | $23.23M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $53.54M | $48.89M | $49.52M | $47.89M | $38.83M | $23.90M |
| Stockholders' Equity | $69.91M | $62.91M | $76.86M | $78.98M | $63.13M | $34.05M |
| Retained Earnings | ($128.47M) | ($130.57M) | ($114.10M) | ($107.02M) | ($117.15M) | ($111.54M) |
Cash Flow
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.38M | ($4.84M) | ($5.72M) | $6.49M | ($3.83M) | ($5.83M) |
| Investing Cash Flow | ($3.04M) | ($1.87M) | $2.50M | $1.74M | ($16.24M) | $2.35M |
| Financing Cash Flow | $905.0K | ($372.0K) | $1.56M | $2.87M | $27.36M | $402.0K |
| CapEx | $557.0K | $528.0K | $466.0K | $601.0K | $468.0K | $486.0K |
| Free Cash Flow | $10.82M | ($5.36M) | ($6.19M) | $5.89M | ($4.29M) | ($6.31M) |
Ratios
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 37.6% | 26.9% | 35.5% | 40.0% | 41.9% | 37.2% |
| Operating margin | 1.6% | -9.3% | -5.0% | 0.4% | -5.2% | -7.7% |
| EBITDA margin | 2.0% | -8.9% | -4.4% | 1.0% | -4.5% | -6.8% |
| Net margin | 1.8% | -9.5% | -5.3% | -4.8% | -4.9% | -7.5% |
| Free cash flow margin | 6.3% | -3.4% | -4.6% | 5.0% | -3.8% | -6.1% |
| FCF / Net income | 3.46 | 0.36 | 0.87 | -1.05 | 0.77 | 0.81 |
| R&D / Revenue | 5.8% | 5.3% | 5.5% | 4.4% | 7.5% | 7.5% |
| SG&A / Revenue | 13.9% | 14.2% | 18.0% | 33.4% | 38.9% | 37.1% |
| Effective tax rate | 9.6% | - | - | - | - | - |
| Return on assets | 2.5% | -13.3% | -5.6% | -4.4% | -5.5% | -13.5% |
| Return on equity | 4.5% | -23.6% | -9.2% | -7.1% | -8.9% | -23.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.75 | 1.65 | 2.03 | 2.11 | 2.23 | 1.58 |
| Quick ratio | 1.44 | 1.37 | 1.80 | 1.95 | 2.11 | 1.45 |
| Cash ratio | 0.60 | 0.44 | 0.66 | 0.76 | 0.54 | 0.30 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.77 | 1.78 | 1.64 | 1.61 | 1.62 | 1.70 |
| Liabilities / Assets | 0.43 | 0.44 | 0.39 | 0.38 | 0.38 | 0.41 |
| Efficiency | ||||||
| Asset turnover | 1.39 | 1.40 | 1.06 | 0.92 | 1.12 | 1.79 |
| Inventory turnover | 8.00 | 10.52 | 10.80 | 13.87 | 21.83 | 20.75 |
| Days sales outstanding | 54d | 56d | 70d | 59d | 56d | 60d |
| Days inventory outstanding | 46d | 35d | 34d | 26d | 17d | 18d |
| Days payable outstanding | 54d | 41d | 51d | 46d | 46d | 57d |
| Cash conversion cycle | 46d | 49d | 53d | 39d | 27d | 20d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 10.2% | 16.8% | 14.0% | - | 10.0% | - |
| Revenue CAGR (3y) | 13.7% | - | 5.4% | 4.1% | 5.9% | 10.1% |
| Revenue CAGR (5y) | 8.5% | 8.5% | - | 4.1% | 9.6% | 8.7% |
| Gross profit growth (YoY) | 53.7% | -11.3% | 1.1% | - | 23.7% | - |
| Operating income growth (YoY) | - | -116.8% | - | - | 24.9% | - |
| Net income growth (YoY) | - | -109.8% | -26.2% | - | 28.2% | - |
| EPS growth (YoY) | - | -118.7% | - | - | 39.1% | - |
| EPS CAGR (3y) | -33.7% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | 13.3% | - | - | 32.0% | - |
| FCF CAGR (5y) | - | - | - | 21.4% | - | - |
| Book value growth (YoY) | 11.1% | -18.2% | -2.7% | - | 85.4% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-03-31.
Product / service
$171.99M totalProduct$91.78M · 53.4%
Service$80.21M · 46.6%
Stability scores
Altman Z′
FY 2024 · bankruptcy risk
1.32
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2024 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing ITERIS against the 5 most active filers in the same SIC group.