AUSTIN, Texas, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Iteris, Inc., the world’s trusted technology ecosystem for smart mobility infrastructure management and part of Almaviva Group, today announced the launch of VantagePriority™, a transit signal priority (TSP) and emergency vehicle preemption (EVP) system within the Vantage CV™ integrated detection and connected vehicle (CV) solution. This new offering provides agencies with the tools needed to significantly improve traffic operations by prioritizing critical v ...

AUSTIN, Texas, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Iteris, Inc., the world’s trusted technology ecosystem for smart mobility infrastructure management and part of Almaviva Group, today announced the launch of Iteris VantageLink™, a next-generation solution that empowers transportation agencies to remotely connect, monitor, and manage their traffic cabinets. Built on technology acquired through Iteris’ recent acquisition of ThruGreen intellectual property and resources, VantageLink represents the next evolutio ...

Core Insights - Iteris, Inc. and Almaviva are participating in the ITS World Congress 2025 in Atlanta, showcasing their advancements in intelligent transportation systems [1][2] - The event will feature live demonstrations of various innovative products and solutions aimed at enhancing smart mobility infrastructure [6] - Iteris is committed to social responsibility, engaging in charitable activities to support local anti-trafficking initiatives [3] Company Overview - Iteris, Inc. specializes in smart mobility infrastructure management solutions, providing cloud-enabled services to public transportation agencies and other stakeholders [5] - Almaviva has over 40 years of experience in the Information & Communication Technology sector, with a global presence and revenues exceeding €1.4 billion as of 2024 [8] Event Details - The ITS World Congress will take place from August 24 to August 26, featuring key conference sessions led by Iteris and Almaviva experts [2][6] - Attendees can participate in one-on-one meetings with transportation professionals and technology partners [4] Product Innovations - Iteris will demonstrate several products, including Vantage PedSafe® for pedestrian safety, Vantage Apex® for advanced traffic monitoring, and ClearGuide® with AI enhancements [6] - Almaviva will present its digital transformation solutions, including MOOVA Transit and Smart Road technologies [6]

Group 1 - Iteris, Inc. has been selected by Dubai Road and Transport Authority (RTA) to implement its ClearGuide® software for monitoring the city's roadways and intersections [1][2] - The contract is a 42-month multimillion-dollar software-as-a-service agreement aimed at enhancing transportation operations in Dubai, one of the fastest-growing cities globally [2][5] - ClearGuide will provide features such as bottleneck detection, dynamic traffic maps, route alerts, and historical trend reports to improve traffic management and safety [3][4] Group 2 - ClearGuide is part of Iteris' ClearMobility® Platform, which utilizes cloud computing, AI, and advanced sensors to optimize mobility infrastructure [4] - The software aims to reduce congestion, enhance safety, and promote sustainable mobility for all road users in Dubai [5] - Iteris is recognized as a leading provider of smart mobility infrastructure management solutions, serving various transportation agencies and municipalities worldwide [5]

Group 1 - Monteverde & Associates PC is investigating Iteris, Inc. regarding its proposed merger with Almaviva S.p.A., where Iteris shares will be converted into $7.20 in cash [1] - Monteverde & Associates PC has been recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating a strong track record in recovering money for shareholders [1][2] - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2][3] Group 2 - The firm encourages shareholders with concerns about Iteris, Inc. to seek additional information free of charge [3] - Contact information for Juan Monteverde, Esq. is provided for shareholders seeking legal assistance [4]

Group 1 - Monteverde & Associates PC is investigating Iteris, Inc. regarding its proposed merger with Almaviva S.p.A., where Iteris shares will be converted into $7.20 in cash [1] - Monteverde & Associates PC has been recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating its successful track record in recovering money for shareholders [1][2] - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2][3] Group 2 - The firm emphasizes that no company, director, or officer is above the law, encouraging shareholders with concerns to seek additional information [3] - Monteverde & Associates PC has a successful history in trial and appellate courts, including cases that reached the U.S. Supreme Court [2]

Financial Data and Key Metrics Changes - Iteris reported record total revenue of $45.8 million for Q1 fiscal 2025, a 5% increase year-over-year [4] - Total net bookings reached $48.8 million, with a record trailing 6-month total net bookings of $102.1 million [4][5] - Ending backlog was $126.8 million, representing a 2% increase year-over-year [5] Business Line Data and Key Metrics Changes - Revenue from sensors and third-party hardware was $24.4 million, a 3% increase year-over-year [6] - Service revenue reached a record $21.4 million, an 8% increase year-over-year, driven by strong demand for the ClearGuide SaaS solution [8] Market Data and Key Metrics Changes - The smart mobility infrastructure management market is expected to see significant long-term opportunities due to trends in cloud infrastructure, AI, and connected vehicles [14] - The introduction of new products is anticipated to expand the serviceable addressable market significantly, particularly with the new pedestrian detection system [16] Company Strategy and Development Direction - Iteris aims to evolve into a platform-based business model, enhancing strategic and financial benefits [9] - The company plans to release several major products, including a new AI-based detection system and cloud-connected solutions, to drive growth [14][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving progressive improvements in financial performance over the next several quarters [10] - The company expects fiscal 2025 total revenue to be in the range of $188 million to $194 million, representing organic growth of 11% year-over-year [17] Other Important Information - Adjusted EBITDA for Q1 fiscal 2025 was $2.9 million, down from $4 million in the same quarter last year [13] - Total cash and cash equivalents at the end of Q1 fiscal 2025 were $21.4 million, down from $25.9 million at the end of the previous quarter [13] Q&A Session Summary Question: Can you touch on the timing elements regarding the second half revenue cadence? - Management implied high teens organic revenue growth in the second half, driven by product releases in September [21] Question: How should we think about the cadence of gross margin as the year progresses? - Management expects gross margins to trend upwards as revenue leverage improves [23] Question: Any updates on the pedestrian detection product with Sumitomo? - The product has been launched and is actively being sold, with favorable market response and pilot initiatives underway [27] Question: How is the Orange County Transportation order progressing? - The project is on schedule, with revenue recognition expected to remain constant throughout the contract duration [44] Question: Any updates on the litigation? - The trial for Wavetronix is expected to occur in September, with a specific date yet to be determined [53]

Core Viewpoint - Ademi LLP is investigating Iteris for potential breaches of fiduciary duty and other legal violations related to its transaction with Almaviva [1][3]. Group 1: Transaction Details - Iteris stockholders will receive $7.20 in cash for each share, valuing the company at approximately $335 million in equity [2]. - The transaction agreement imposes significant penalties on Iteris if it accepts competing bids, which limits potential competing transactions [2]. Group 2: Board Conduct Investigation - The investigation focuses on whether Iteris' board of directors is fulfilling their fiduciary duties to all shareholders [3]. - Ademi LLP specializes in shareholder litigation involving buyouts, mergers, and individual shareholder rights [3].

Group 1 - Iteris is being acquired by Almaviva for $335 million, valuing shares at $7.20 each, which is a 68% premium over the previous closing price [1][2] - The acquisition has received unanimous support from Iteris' board of directors and is pending approval from regulators and shareholders [2] - As of Friday morning, ITI stock has increased by 64%, and the shares will go private once the deal is finalized [3] Group 2 - Joe Bergera, president and CEO of Iteris, expressed confidence in the acquisition, stating it aligns with their vision for digital mobility and innovation [2] - The deal is expected to close sometime this year if all approvals are obtained [2]

Group 1 - Iteris reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, and showing an increase from $0.05 per share a year ago, representing a 20% earnings surprise [1] - The company posted revenues of $45.78 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.99%, and an increase from $43.55 million year-over-year [2] - Iteris has topped consensus revenue estimates four times over the last four quarters [2] Group 2 - The stock has underperformed, losing about 21.9% since the beginning of the year, while the S&P 500 has gained 9% [3] - The current consensus EPS estimate for the coming quarter is $0.07 on revenues of $47.5 million, and for the current fiscal year, it is $0.31 on revenues of $188.75 million [7] - The Zacks Industry Rank for Computer - Integrated Systems is currently in the bottom 25% of over 250 Zacks industries, indicating potential challenges for stock performance [8]