Iteris(ITI) - 2024 Q1 - Earnings Call Transcript

Conference Call Participants Our fiscal 2024 first quarter gross margins rose 840 basis points on a year-over-year basis and 680 basis points on a sequential basis, demonstrating that the high purchase price variance associated with our prior supply chain issues are now behind us. As a result of the gross margin improvement and our continued focus on operating Kerry Shiba Over the balance of fiscal 2024, Iteris will continue to deliver against an aggressive solutions roadmap that includes the following majo ...