Iteris, Inc. is the global leader in applied informatics for transportation and agriculture, turning big data into big breakthrough solutions. The firm collects, aggregates and analyzes data on traffic, roads, weather, water, soil and crops to generate precise informatics that lead to safer transportation and smarter farming. Municipalities, government agencies, crop science companies, farmers and agronomists around the world its solutions to make roads safer and travel more efficient, as well as farmlands more sustainable, healthy and productive.
Iteris, Inc. provides intelligent information solutions to traffic management and global agribusiness markets worldwide. It operates in three segments: Roadway Sensors, Transportation Systems, and Agriculture and Weather Analytics. The Roadway Sensors segment provides vehicle detection and information systems and products for traffic intersection control, incident detection, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data used in traffic management systems; Vantage Vector video/radar hybrid product, an vehicle detection sensor with capabilities, including stop bar detection, advanced-zone detection, and sensing; Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera; VersiCam, an integrated camera and processor video detection system; VantageLive!, a cloud-based subscription service; and SmartSpan, PedTrax ,Velocity, VantageLive, and P-series products. The Transportation Systems segment offers transportation engineering and consulting services with a focus on the planning, design, development, and implementation of software-based systems that integrate sensors, video surveillance systems, computers, and communications equipment to enable public agencies to monitor, control, and direct traffic flow; assist in the dispatch of emergency crews; and distribute real-time information about traffic conditions. It offers iPeMS, a specialized transportation performance measurement and traffic analytics solution. The Agriculture and Weather Analytics segment offers ClearPath Weather management tools that allow users to create solutions to meet roadway maintenance decision needs; and ClearAg, a precision agriculture solution. The company serves government agencies. Iteris, Inc. was founded in 1969 and is headquartered in Santa Ana, California.
(Summary) (Company) (Chart)
| 4 October 2017 Price $7.25 1yr Target $8.63 Analysts 4 Dividend $0.00 Payout Ratio 0.00% 1yr Cap Gain 19.03% Yield 0.00% 1yr Tot Return 19.03% P/E --- PEG --- Beta -0.43 | EPS (ttm) $-0.18 EPS next yr $0.05 Forward P/E 161.11 EPS next 5yr 30% 1yr Price Support $1.50 Market Cap $240.05 Mil Revenues $99.20 Mil Earnings $-5.60 Mil Profit Margin --- Quick Ratio 1.80 Current Ratio 1.90 Debt/Equity 0.00 | 1yr RevGR 23.45% 3yr RevGR 11.92% 5yr RevGR 10.44% 1yr EarnGR --- 3yr EarnGR --- 5yr EarnGR --- 1yr DivGR --- 3yr DivGR --- 5yr DivGR --- ROA -8.40% ROE -12.60% |
Overview
Iteris is the leader in the traffic management market which is focused on the development and application of advanced technologies that reduce traffic congestion and improve the safety of surface transportation systems infrastructure. The Company believes that their products and services, as well as sound traffic management, minimize the environmental impact of traffic congestion. By combining outdoor image processing, traffic engineering and information technology, they offer a broad range of Intelligent Transportation Systems and driver safety solutions to customers worldwide. The Company is located in Santa Ana, CA.
Products and Services
Iteris Inc currently operates in three reportable segments: Roadway Sensors, Vehicle Sensors and Transportation Systems. The Roadway Sensors segment includes, among other products, the Vantage, Versicam and Pico vehicle detection systems for traffic intersection control, incident detection and certain highway traffic data collection applications. The Vehicle Sensors segment includes lane departure warning products, including the AutoVue LDW system, and is comprised of all activities related to in-vehicle safety. The Transportation Systems segment includes transportation engineering and consulting services, and the development of transportation management and traveler information systems for the ITS industry.
Roadway Sensors. The Company's Roadway Sensors segment uses advanced image processing technology to capture and analyze video images through sophisticated algorithms, enabling vehicle detection and transmission of both video images and data using a wide range of communication technologies. Their Vantage video detection systems detect vehicle presence, count, speed, occupancy and other traffic data used in traffic management systems. Their Vantage systems give traffic managers the ability to mitigate roadway congestion by modifying traffic signal timing or detecting incidents quickly. Their VantageView software supplements the Vantage video detection systems by providing an integrated platform to manage and “see” video detection assets remotely over a network connection. Vantage video detection systems have been deployed by hundreds of agencies and are currently sold through a network of independent dealers in the United States, Asia, Latin America, Europe and the Middle East.
VersiCam, the Company's integrated camera and processor video detection system, is a cost-efficient video detection system for smaller intersections that require only a few detection points. In December 2009, the Company introduced Pico, a compact video detection system that delivers superior vehicle detection in a small and economical framework, and was developed primarily to address international video detection needs. Iteris anticipates that future growth domestically and internationally, particularly in developing countries, will be dependent in part on the continued adoption of above-ground video detection technologies, instead of in-pavement loop technology, to manage traffic.
Roadway Sensors also includes the Abacus family of products, which has been designed with a blend of artificial intelligence and video detection algorithms that allow either fixed or pan-tilt-zoom cameras to be used for data collection and incident detection. The Abacus products take advantage of the large number of existing installed closed-circuit television video feeds monitoring roadways, tunnels and bridges and at signalized intersections. This flexibility of using a broad range of cameras with an appropriate perspective allows for accurate data collection without the set-up and calibration required with other systems.
Vehicle Sensors. The Vehicle Sensors segment addresses the leading causes of roadway fatalities: lane change, roadway departure and rear-end collision accidents. According to the National Highway Traffic Safety Administration, these three crash types result in more than 60% of the U.S.’s annual traffic fatalities and contribute to a considerable economic loss due to injuries, property damage, and decreased productivity.
Iteris developed the world’s first production LDW system and offer a proven system that is available as an original equipment manufacturer and aftermarket option on heavy trucks worldwide and as an option in certain passenger cars. The LDW products utilize video detection images to detect when a vehicle begins to drift toward an unintended lane change. When this occurs, the unit automatically emits a distinctive rumble strip or other audible warning sound, alerting the driver to make a correction. To date, we have sold approximately 79,000 LDW systems into the heavy truck market in Europe, North America and Asia. The Company's LDW systems are currently qualified as an option on certain heavy trucks, including Mercedes-Benz, MAN, Iveco, DAF, Scania, Freightliner and FUSO, as well as Neoplan and MAN luxury bus and coach lines. In North America, our LDW systems are sold primarily to truck fleets. Iteris has entered into an exclusive license of their LDW technology to their strategic partner, Valeo Schalter and Sensuren GmbH, for the passenger car market, resulting in sales to date of approximately 79,300 LDW systems for passenger cars.
In addition to the Company's LDW systems, their Vehicle Sensors portfolio includes radar-based Forward Collision Warning and Blind Spot Warning systems for the North American truck market. The Company offers the FCW and BSW features through the resale of Delphi’s radar based systems, for which Iteris is the exclusive North American dealer. Their portfolio also includes the internally-developed SafetyDirect software system, which can provide a single point of access to monitor and synchronize driver performance data on braking, stability control, following distances, and lane departure warnings for individual drivers as well as entire fleets. SafetyDirect uses information transmitted from the vehicle by the fleet’s onboard mobile communications system to provide fleet operators with a comprehensive view of the entire fleet, as well as the ability to drill down to detailed information on individual drivers and events. These products, together with our LDW products, combine to create a broad suite of active safety driver assistance features designed to help reduce the number of motor vehicle crashes and the severity of crash-related injuries.
Transportation Systems. The Transportation Systems segment includes transportation engineering and consulting services focused on the planning, design, development and implementation of software-based systems that integrate sensors, video surveillance, computers and advanced communications equipment to enable public agencies to monitor, control and direct traffic flow, assist in the quick dispatch of emergency crews and distribute real-time information about traffic conditions. Our services include planning, design and implementation of surface transportation infrastructure systems. They perform analysis and study goods movement, commercial vehicle operations, travel demand forecasting and systems engineering, and identify mitigation measures to reduce traffic congestion. These services and systems have historically been primarily sold to local, state and national transportation agencies in the U.S.; however, during the fiscal year ended March 31, 2010, they began work on their first overseas contracts in Abu Dhabi and Dubai, and plan to continue to pursue additional international business.
Iteris is the leader in the traffic management market which is focused on the development and application of advanced technologies that reduce traffic congestion and improve the safety of surface transportation systems infrastructure. The Company believes that their products and services, as well as sound traffic management, minimize the environmental impact of traffic congestion. By combining outdoor image processing, traffic engineering and information technology, they offer a broad range of Intelligent Transportation Systems and driver safety solutions to customers worldwide. The Company is located in Santa Ana, CA.
Products and Services
Iteris Inc currently operates in three reportable segments: Roadway Sensors, Vehicle Sensors and Transportation Systems. The Roadway Sensors segment includes, among other products, the Vantage, Versicam and Pico vehicle detection systems for traffic intersection control, incident detection and certain highway traffic data collection applications. The Vehicle Sensors segment includes lane departure warning products, including the AutoVue LDW system, and is comprised of all activities related to in-vehicle safety. The Transportation Systems segment includes transportation engineering and consulting services, and the development of transportation management and traveler information systems for the ITS industry.
Roadway Sensors. The Company's Roadway Sensors segment uses advanced image processing technology to capture and analyze video images through sophisticated algorithms, enabling vehicle detection and transmission of both video images and data using a wide range of communication technologies. Their Vantage video detection systems detect vehicle presence, count, speed, occupancy and other traffic data used in traffic management systems. Their Vantage systems give traffic managers the ability to mitigate roadway congestion by modifying traffic signal timing or detecting incidents quickly. Their VantageView software supplements the Vantage video detection systems by providing an integrated platform to manage and “see” video detection assets remotely over a network connection. Vantage video detection systems have been deployed by hundreds of agencies and are currently sold through a network of independent dealers in the United States, Asia, Latin America, Europe and the Middle East.
VersiCam, the Company's integrated camera and processor video detection system, is a cost-efficient video detection system for smaller intersections that require only a few detection points. In December 2009, the Company introduced Pico, a compact video detection system that delivers superior vehicle detection in a small and economical framework, and was developed primarily to address international video detection needs. Iteris anticipates that future growth domestically and internationally, particularly in developing countries, will be dependent in part on the continued adoption of above-ground video detection technologies, instead of in-pavement loop technology, to manage traffic.
Roadway Sensors also includes the Abacus family of products, which has been designed with a blend of artificial intelligence and video detection algorithms that allow either fixed or pan-tilt-zoom cameras to be used for data collection and incident detection. The Abacus products take advantage of the large number of existing installed closed-circuit television video feeds monitoring roadways, tunnels and bridges and at signalized intersections. This flexibility of using a broad range of cameras with an appropriate perspective allows for accurate data collection without the set-up and calibration required with other systems.
Vehicle Sensors. The Vehicle Sensors segment addresses the leading causes of roadway fatalities: lane change, roadway departure and rear-end collision accidents. According to the National Highway Traffic Safety Administration, these three crash types result in more than 60% of the U.S.’s annual traffic fatalities and contribute to a considerable economic loss due to injuries, property damage, and decreased productivity.
Iteris developed the world’s first production LDW system and offer a proven system that is available as an original equipment manufacturer and aftermarket option on heavy trucks worldwide and as an option in certain passenger cars. The LDW products utilize video detection images to detect when a vehicle begins to drift toward an unintended lane change. When this occurs, the unit automatically emits a distinctive rumble strip or other audible warning sound, alerting the driver to make a correction. To date, we have sold approximately 79,000 LDW systems into the heavy truck market in Europe, North America and Asia. The Company's LDW systems are currently qualified as an option on certain heavy trucks, including Mercedes-Benz, MAN, Iveco, DAF, Scania, Freightliner and FUSO, as well as Neoplan and MAN luxury bus and coach lines. In North America, our LDW systems are sold primarily to truck fleets. Iteris has entered into an exclusive license of their LDW technology to their strategic partner, Valeo Schalter and Sensuren GmbH, for the passenger car market, resulting in sales to date of approximately 79,300 LDW systems for passenger cars.
In addition to the Company's LDW systems, their Vehicle Sensors portfolio includes radar-based Forward Collision Warning and Blind Spot Warning systems for the North American truck market. The Company offers the FCW and BSW features through the resale of Delphi’s radar based systems, for which Iteris is the exclusive North American dealer. Their portfolio also includes the internally-developed SafetyDirect software system, which can provide a single point of access to monitor and synchronize driver performance data on braking, stability control, following distances, and lane departure warnings for individual drivers as well as entire fleets. SafetyDirect uses information transmitted from the vehicle by the fleet’s onboard mobile communications system to provide fleet operators with a comprehensive view of the entire fleet, as well as the ability to drill down to detailed information on individual drivers and events. These products, together with our LDW products, combine to create a broad suite of active safety driver assistance features designed to help reduce the number of motor vehicle crashes and the severity of crash-related injuries.
Transportation Systems. The Transportation Systems segment includes transportation engineering and consulting services focused on the planning, design, development and implementation of software-based systems that integrate sensors, video surveillance, computers and advanced communications equipment to enable public agencies to monitor, control and direct traffic flow, assist in the quick dispatch of emergency crews and distribute real-time information about traffic conditions. Our services include planning, design and implementation of surface transportation infrastructure systems. They perform analysis and study goods movement, commercial vehicle operations, travel demand forecasting and systems engineering, and identify mitigation measures to reduce traffic congestion. These services and systems have historically been primarily sold to local, state and national transportation agencies in the U.S.; however, during the fiscal year ended March 31, 2010, they began work on their first overseas contracts in Abu Dhabi and Dubai, and plan to continue to pursue additional international business.
 Iteris Daily Chart |  Iteris Weekly Chart |
What I'm Doing.
For me this is a pretty small company to invest in but the stock's price chart caught my eye recently. Looking at the fundamentals is a little difficult since there's a few holes in the numbers. One of the things that sticks out is the increasing rate of growth of earnings over the last 1, 3, and 5 years. In addition, it looks like this company is about to go earnings positive next year. That's going to bring in a lot of investors who simply won't buy shares of any stock that doesn't have positive earnings.
So I recently picked up a few shares of this company. I believe if earnings really do grow at a 30% rate then the stock price itself could easily grow at a 30% rate also. That would drive the price of these shares very quickly to $9.50 per share.
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