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 | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.78M | $43.55M | $42.13M | $43.56M | $33.67M | $40.69M | $39.26M | $34.09M | $32.00M | $33.25M |
| Cost of Revenue | $28.44M | $26.74M | $26.58M | $27.30M | $23.51M | $28.87M | $32.71M | $19.99M | $20.91M | $22.12M |
| Gross Profit | $17.34M | $16.80M | $15.55M | $16.26M | $10.16M | $11.82M | $6.55M | $14.09M | $11.09M | $11.13M |
| R&D | $2.88M | $2.11M | $2.86M | $2.56M | $2.14M | $2.05M | $2.17M | $1.76M | $1.85M | $1.83M |
| SG&A | $6.31M | $5.80M | $5.23M | $6.34M | $6.41M | $5.50M | $4.98M | $5.37M | $6.28M | $6.11M |
| Total Operating Expenses | $17.09M | $14.85M | $15.15M | $15.80M | $15.12M | $13.98M | $13.48M | $13.41M | $13.09M | $13.50M |
| D&A | $135.0K | $150.0K | $100.0K | $100.0K | $159.0K | $200.0K | $200.0K | $232.0K | $200.0K | $200.0K |
| Operating Income | $253.0K | $1.95M | $394.0K | $468.0K | ($4.96M) | ($2.16M) | ($6.92M) | $683.0K | ($2.00M) | ($2.37M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $48.0K | $95.0K | $219.0K | ($33.0K) | ($167.0K) | $27.0K | $289.0K | $75.0K | $375.0K | ($249.0K) |
| Net Income | $392.0K | $2.13M | $355.0K | $551.0K | ($4.87M) | ($2.05M) | ($7.40M) | $611.0K | ($2.43M) | ($2.15M) |
| EPS - Basic | $0.01 | $0.05 | $0.01 | $0.01 | ($0.11) | ($0.05) | ($0.17) | $0.02 | ($0.06) | ($0.05) |
| EPS - Diluted | $0.01 | $0.05 | $0.01 | $0.01 | ($0.11) | ($0.05) | ($0.17) | $0.01 | ($0.06) | ($0.05) |
Balance Sheet
| Line item | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.38M | $25.85M | $21.18M | $20.16M | $16.59M | $10.22M | $7.99M | $23.69M | $27.47M | $28.17M |
| Accounts Receivable | $30.64M | $25.67M | $24.86M | $24.93M | $23.81M | $24.46M | $26.54M | $25.63M | $20.45M | $21.75M |
| Inventory | $14.84M | $13.43M | $11.46M | $10.78M | $10.84M | $12.48M | $12.87M | $7.98M | $6.88M | $6.05M |
| Accounts Payable | $17.10M | $15.85M | $14.25M | $14.94M | $12.94M | $14.84M | $14.80M | $11.93M | $8.21M | $8.06M |
| Current Assets | $78.91M | $75.93M | $70.05M | $68.96M | $62.85M | $61.52M | $62.28M | $72.36M | $70.58M | $68.91M |
| Total Assets | $125.23M | $123.44M | $117.60M | $116.61M | $111.79M | $111.73M | $113.42M | $126.38M | $125.24M | $125.44M |
| Current Liabilities | $44.56M | $43.33M | $39.05M | $38.76M | $38.04M | $36.55M | $36.18M | $35.69M | $31.75M | $30.31M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $54.95M | $53.54M | $49.03M | $49.04M | $48.89M | $47.86M | $47.94M | $49.52M | $46.44M | $44.91M |
| Stockholders' Equity | $70.28M | $69.91M | $68.57M | $67.57M | $62.91M | $63.87M | $65.48M | $76.86M | $78.80M | $80.54M |
| Retained Earnings | ($128.68M) | ($128.47M) | ($128.57M) | ($128.75M) | ($130.57M) | ($128.41M) | ($126.36M) | ($114.10M) | ($110.98M) | ($108.56M) |
Cash Flow
| Line item | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.62M) | $4.05M | - | - | ($7.34M) | - | - | $1.12M | - | - |
| Investing Cash Flow | ($121.0K) | ($756.0K) | - | - | ($521.0K) | - | - | $3.41M | - | - |
| Financing Cash Flow | ($611.0K) | $251.0K | - | - | ($859.0K) | - | - | $1.38M | - | - |
| CapEx | $24.0K | $168.0K | - | - | $188.0K | - | - | $67.0K | - | - |
| Free Cash Flow | ($3.64M) | $3.88M | - | - | ($7.53M) | - | - | $1.06M | - | - |
Ratios
| Metric | Q1 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 | Q3 '23 | Q2 '23 | Q1 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 37.9% | 38.6% | 36.9% | 37.3% | 30.2% | 29.1% | 16.7% | 41.3% | 34.7% | 33.5% |
| Operating margin | 0.6% | 4.5% | 0.9% | 1.1% | -14.7% | -5.3% | -17.6% | 2.0% | -6.2% | -7.1% |
| EBITDA margin | 0.8% | 4.8% | 1.2% | 1.3% | -14.3% | -4.8% | -17.1% | 2.7% | -5.6% | -6.5% |
| Net margin | 0.9% | 4.9% | 0.8% | 1.3% | -14.5% | -5.0% | -18.8% | 1.8% | -7.6% | -6.5% |
| Free cash flow margin | -8.0% | 8.9% | - | - | -22.4% | - | - | 3.1% | - | - |
| FCF / Net income | -9.29 | 1.82 | - | - | 1.55 | - | - | 1.73 | - | - |
| R&D / Revenue | 6.3% | 4.8% | 6.8% | 5.9% | 6.3% | 5.0% | 5.5% | 5.2% | 5.8% | 5.5% |
| SG&A / Revenue | 13.8% | 13.3% | 12.4% | 14.6% | 19.0% | 13.5% | 12.7% | 15.7% | 19.6% | 18.4% |
| Effective tax rate | 10.9% | 4.3% | 38.2% | -6.4% | - | - | - | 10.9% | - | - |
| Return on assets | 0.3% | 1.7% | 0.3% | 0.5% | -4.4% | -1.8% | -6.5% | 0.5% | -1.9% | -1.7% |
| Return on equity | 0.6% | 3.0% | 0.5% | 0.8% | -7.7% | -3.2% | -11.3% | 0.8% | -3.1% | -2.7% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.77 | 1.75 | 1.79 | 1.78 | 1.65 | 1.68 | 1.72 | 2.03 | 2.22 | 2.27 |
| Quick ratio | 1.44 | 1.44 | 1.50 | 1.50 | 1.37 | 1.34 | 1.37 | 1.80 | 2.01 | 2.07 |
| Cash ratio | 0.48 | 0.60 | 0.54 | 0.52 | 0.44 | 0.28 | 0.22 | 0.66 | 0.87 | 0.93 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.78 | 1.77 | 1.72 | 1.73 | 1.78 | 1.75 | 1.73 | 1.64 | 1.59 | 1.56 |
| Liabilities / Assets | 0.44 | 0.43 | 0.42 | 0.42 | 0.44 | 0.43 | 0.42 | 0.39 | 0.37 | 0.36 |
| Efficiency | ||||||||||
| Asset turnover | 0.37 | 0.35 | 0.36 | 0.37 | 0.30 | 0.36 | 0.35 | 0.27 | 0.26 | 0.27 |
| Inventory turnover | 1.92 | 1.99 | 2.32 | 2.53 | 2.17 | 2.31 | 2.54 | 2.51 | 3.04 | 3.66 |
| Days sales outstanding | 244d | 215d | 215d | 209d | 258d | 219d | 247d | 274d | 233d | 239d |
| Days inventory outstanding | 190d | 183d | 157d | 144d | 168d | 158d | 144d | 146d | 120d | 100d |
| Days payable outstanding | 219d | 216d | 196d | 200d | 201d | 188d | 165d | 218d | 143d | 133d |
| Cash conversion cycle | 215d | 182d | 177d | 153d | 225d | 190d | 225d | 202d | 210d | 206d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 5.1% | 29.3% | 3.5% | 11.0% | -1.2% | 27.1% | 18.1% | 21.7% | 13.6% | 13.6% |
| Revenue CAGR (3y) | 10.3% | 15.9% | 14.4% | 14.2% | 8.2% | 12.3% | 12.1% | - | 11.4% | 10.8% |
| Revenue CAGR (5y) | 11.5% | - | 12.7% | 12.3% | 5.7% | - | - | - | 4.2% | 5.7% |
| Gross profit growth (YoY) | 3.2% | 65.4% | 31.5% | 148.3% | -27.9% | 6.5% | -41.1% | 29.7% | -4.8% | -2.0% |
| Operating income growth (YoY) | -87.0% | - | - | - | - | -8.0% | -192.3% | 78.8% | -546.6% | - |
| Net income growth (YoY) | -81.6% | - | - | - | - | 15.7% | -244.5% | -94.1% | -1046.2% | - |
| EPS growth (YoY) | -80.0% | - | - | - | - | 16.7% | -240.0% | -96.0% | -500.0% | - |
| EPS CAGR (3y) | 0.0% | -41.5% | - | 0.0% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 0.5% | 11.1% | 7.4% | 3.2% | -18.2% | -19.0% | -18.7% | -2.7% | 2.1% | 5.9% |
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%
Peer comparison
Same SIC group: Communications Equipment, NEC
Comparing ITERIS against the 5 most active filers in the same SIC group.