Private company
ITERIS, INC.
American communications equipment company, incorporated in Delaware. Summary from the record
Last updated Oct 19, 2026.
Overview
- IndustryCommunications Equipment, NEC1
- HeadquartersAustin, Texas1
- Incorporated inDE3
- Business address1250 S. Capital Of Texas Hwy., Bldg. 1, Suite 330, Austin, Tx 787463
- Filer categoryAccelerated filer, Smaller reporting company3
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Iteris, Inc. (referred to in this report as “Iteris”, the “Company”, “we”, “our”, and “us”) is a provider of smart mobility infrastructure management solutions. Our cloud-enabled solutions help public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers monitor, visualize, and optimize mobility infrastructure to make mobility safe, efficient, and sustainable for everyone.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
37.6%Gross margin2
1.6%Operating margin2
1.8%Net margin2
10.2%Revenue growth, 20242
4.5%Return on equity2
$10.8MFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue62¢$107.4M
- Research and development6¢$10.0M
- Other costs30¢$51.2M
- Income tax0¢$332.0K
- Profit2¢$3.1M
Out of $172.0M in revenue.2
Where each dollar of operating cash went, fiscal 2024
- Capital spending5¢$557.0K
- Share buybacks2¢$183.0K
- Kept or used elsewhere93¢$10.6M
Out of $11.4M of cash from operations.2
Financial statements
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $96.0M5 | $103.7M6 | $93.3M7 | $107.4M8 | $117.1M8 | $133.6M9 | $156.1M2 | $172.0M2 |
| Cost of revenue | $58.6M5 | $63.9M6 | $58.0M7 | $63.8M8 | $70.3M8 | $86.2M9 | $114.0M2 | $107.4M2 |
| Gross profit | $37.4M5 | $39.8M6 | $35.3M7 | $43.6M8 | $46.9M8 | $47.4M9 | $42.0M2 | $64.6M2 |
| Research and development | $6.9M5 | $7.9M6 | $3.8M7 | $4.3M8 | $5.1M8 | $7.4M9 | $8.3M2 | $10.0M2 |
| Selling, general and admin | $33.3M5 | $37.4M6 | $34.2M7 | $40.7M7 | $39.2M7 | |||
| Operating expenses | $54.1M9 | $56.5M2 | $61.8M2 | |||||
| Operating income | -$5.2M5 | -$5.6M6 | -$2.9M7 | -$2.1M8 | $439.0K8 | -$6.7M9 | -$14.5M2 | $2.8M2 |
| Income before tax | -$6.7M9 | -$14.7M2 | $3.5M2 | |||||
| Income tax | -$44.0K5 | -$1.8M6 | $36.0K7 | $160.0K8 | $115.0K8 | $174.0K9 | $135.0K2 | $332.0K2 |
| Net income | -$4.8M5 | -$3.5M6 | -$7.8M7 | -$5.6M8 | $10.1M8 | -$7.1M9 | -$14.9M2 | $3.1M2 |
| Earnings per share | -$0.1513 | -$0.115 | -$0.237 | -$0.148 | $0.248 | -$0.169 | -$0.352 | $0.072 |
| Earnings per share (diluted) | -$0.1513 | -$0.115 | -$0.237 | -$0.148 | $0.248 | -$0.169 | -$0.352 | $0.072 |
| Shares (weighted, basic) | 42.2M shares9 | 42.4M shares2 | 42.9M shares2 | |||||
| Shares (weighted, diluted) | 42.2M shares9 | 42.4M shares2 | 43.9M shares2 |
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | $18.2M13 | $10.2M5 | $7.1M6 | $14.2M7 | $25.2M8 | $23.7M9 | $16.6M2 | $25.9M2 |
| Receivables | $25.6M9 | $23.8M2 | $25.7M2 | |||||
| Inventory | $8.0M9 | $10.8M2 | $13.4M2 | |||||
| Current assets | $43.3M13 | $39.9M5 | $36.7M6 | $59.0M7 | $69.6M8 | $70.0M9 | $62.9M2 | $75.9M2 |
| Property, plant and equipment | $1.4M9 | $1.3M2 | $1.3M2 | |||||
| Goodwill | $28.3M9 | $28.3M2 | $28.3M2 | |||||
| Intangible assets | $11.8M9 | $10.2M2 | $9.6M2 | |||||
| Total assets | $62.3M13 | $62.9M5 | $58.0M6 | $102.0M7 | $126.9M8 | $124.0M9 | $111.8M2 | $123.4M2 |
| Current liabilities | $20.6M13 | $22.5M5 | $23.2M6 | $26.5M7 | $33.0M8 | $34.9M9 | $38.0M2 | $43.3M2 |
| Total liabilities | $22.1M13 | $23.4M5 | $23.9M6 | $38.8M7 | $47.9M8 | $48.7M9 | $48.9M2 | $53.5M2 |
| Retained earnings | -$115.7M9 | -$130.6M2 | -$128.5M2 | |||||
| Shareholders’ equity | $40.2M6 | $39.5M7 | $34.1M8 | $63.1M8 | $77.4M9 | $75.2M2 | $62.9M2 | $69.9M2 |
| Shares outstanding | 32.5M shares14 | 33.2M shares13 | 33.4M shares5 | 40.7M shares6 | 41.8M shares7 | 42.4M shares8 | 42.6M shares9 | 43.0M shares15 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.9M5 | -$268.0K6 | -$5.8M7 | -$3.8M8 | $6.5M8 | -$5.7M9 | -$4.8M2 | $11.4M2 |
| Stock-based compensation | $3.4M9 | $2.9M2 | $3.0M2 | |||||
| Capital spending | $668.0K5 | $1.1M6 | $486.0K7 | $409.0K8 | $601.0K8 | $466.0K9 | $528.0K2 | $557.0K2 |
| Free cash flow | $2.2M | -$1.3M | -$6.3M | -$4.2M | $5.9M | -$6.2M | -$5.4M | $10.8M |
| Cash from investing | $2.5M9 | -$1.9M2 | -$3.0M2 | |||||
| Share buybacks | $09 | $884.0K2 | $183.0K2 | |||||
| Cash from financing | $1.6M9 | -$372.0K2 | $905.0K2 |
Leadership
Who has led ITERIS, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
2010201520202025
- Chief executive officerJ. Joseph Bergera Sep 24, 2015 to Nov 1, 202416
- Chief executive officerAbbas Mohaddes Oct 4, 2007 to Nov 19, 201417
- PresidentJ. Joseph Bergera Sep 24, 2015 to Nov 1, 202416
- Chief financial officerKerry A. Shiba Feb 6, 2023 to Nov 1, 202418
- Chief financial officerDouglas L. Groves Dec 6, 2019 to Dec 6, 202219
- Chief financial officerAndrew C. Schmidt Mar 12, 2015 to Dec 12, 201820
- Chief financial officerCraig A. Christensen Jul 18, 2014 to Nov 19, 201421
- Chief financial officerWalter McBride Dec 5, 2013 to Dec 5, 201322
- Chief financial officerJames Miele Jun 19, 2006 to Aug 12, 201323
Board members and other officers (29)
- Chief Marketing OfficerJoseph Boissy Feb 2, 2017 to Dec 11, 201924
- Senior Vice PresidentJames A. Chambers Aug 22, 2017 to Dec 12, 201825
- Sr. Vice PresidentRamin M. Massoumi Jun 5, 2015 to Jan 15, 202126
- ControllerCraig A. Christensen Nov 15, 2013 to Nov 15, 201327
- Vice PresidentWilliam H. Sowell Nov 15, 2013 to Apr 1, 201428
- Sr. Vice PresidentThomas N. Blair Jul 16, 2012 to Mar 13, 201829
- Vice PresidentTodd Kreter Feb 10, 2009 to Nov 1, 202430
- Sr. Vice PresidentAlan Clelland Aug 20, 2008 to Aug 12, 201131
- Exec Vice PresidentAbbas Mohaddes Jun 19, 2006 to Feb 2, 200732
- Sr. Vice PresidentFrancis Memole Jun 19, 2006 to Jul 3, 200733
- Vice PresidentGreg McKhann Jun 19, 2006 to Aug 14, 201234
- Board memberKimberly Valentine-Poska Jul 18, 2023 to Nov 1, 202435
- Board memberJ. Joseph Bergera Nov 22, 2021 to Nov 1, 202436
- Board memberDennis W. Zank Jan 31, 2020 to Nov 1, 202437
- Board memberAnjali Joshi Jun 30, 2020 to Sep 15, 202138
- Board memberLucas P. Schneider Jul 15, 2020 to Sep 13, 202139
- Board memberLaura Siegal May 22, 2018 to Nov 1, 202440
- Board memberScott Deeter Mar 6, 2017 to Nov 18, 201941
- Board memberKyle Cerminara Sep 6, 2016 to Jun 14, 201742
- Board memberGerard Mooney Oct 1, 2013 to Nov 1, 202443
- Board memberMikel H. Williams Apr 26, 2011 to Nov 18, 201944
- Board memberAbbas Mohaddes Jun 19, 2006 to Nov 19, 201432
- Board memberJoel Slutzky Aug 14, 2006 to Sep 17, 201245
- Board memberGary Hernandez Sep 27, 2006 to Sep 27, 200646
- Board memberGreg Miner Sep 27, 2006 to Sep 12, 201647
- Board memberHartmut Marwitz Sep 27, 2006 to Sep 27, 200648
- Board memberJohn Seazholtz Sep 27, 2006 to Feb 17, 201149
- Board memberPaul Wright Sep 27, 2006 to Sep 27, 200650
- Board memberRichard Char Sep 27, 2006 to Sep 12, 201651
Former names
Timeline
Filings
159 filings to the SEC since October 2021: 4 annual reports, 9 quarterly reports, 27 major events, 73 insider forms, 15 large holders, 31 other. The latest 20:
- Feb 14, 2025SCHEDULE 13G/A EDGAR
- Nov 12, 202415-12G EDGAR
- Nov 4, 2024EFFECT EDGAR
- Nov 4, 2024EFFECT EDGAR
- Nov 1, 202425-NSE EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 20244 EDGAR
- Nov 1, 2024RW EDGAR
- Nov 1, 2024POS AM EDGAR
- Nov 1, 2024POS AM EDGAR
- Nov 1, 2024S-8 POS EDGAR
- Nov 1, 2024S-8 POS EDGAR
The 159 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
20 open-market trades by officers, directors and large owners since October 2021: 6 buys and 14 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 9, 2024 | SHIBA KERRY ASVP and CFO | Sale | 12,080 | $7.09 | $85.6K | Form 4 |
| Aug 12, 2024 | Samjo Management, LLC10% owner | Sale | 848,300 | $6.99 | $5.9M | Form 4 |
| Aug 9, 2024 | Samjo Management, LLC10% owner | Sale | 1,200,000 | $7.00 | $8.4M | Form 4 |
| Jun 17, 2024 | WIENER ANDREW10% owner | Sale | 48,500 | $4.18 | $202.7K | Form 4 |
| Jun 14, 2024 | WIENER ANDREW10% owner | Sale | 59,000 | $4.16 | $245.4K | Form 4 |
| Jun 10, 2024 | Kreter ToddSenior Vice President | Sale | 2,585 | $4.30 | $11.1K | Form 4 |
| Mar 21, 2024 | Cousins William M.SVP and Chief Product Officer | Sale | 2,804 | $4.91 | $13.8K | Form 4 |
| Mar 4, 2024 | Bergera J. JosephPresident and CEO | Sale | 13,450 | $5.03 | $67.7K | Form 4 |
| Mar 1, 2024 | Bergera J. JosephPresident and CEO | Sale | 12,736 | $5.17 | $65.8K | Form 4 |
| Feb 29, 2024 | Bergera J. JosephPresident and CEO | Sale | 10,714 | $5.19 | $55.6K | Form 4 |
| Feb 20, 2024 | Valentine-Poska KimberlyDirector | Buy | 10,000 | $5.02 | $50.2K | Form 4 |
| Feb 8, 2024 | Samjo Management, LLC10% owner | Sale | 72,000 | $5.36 | $385.9K | Form 4 |
| Feb 1, 2024 | Samjo Management, LLC10% owner | Sale | 40,000 | $4.92 | $196.8K | Form 4 |
| Jan 31, 2024 | Samjo Management, LLC10% owner | Sale | 31,000 | $4.93 | $152.8K | Form 4 |
| Dec 6, 2023 | Kreter ToddSenior Vice President | Sale | 8,611 | $4.37 | $37.6K | Form 4 |
| Feb 10, 2022 | Mooney GerardDirector | Buy | 5,800 | $3.35 | $19.4K | Form 4 |
| Feb 9, 2022 | Groves Douglas LSenior Vice President & CFO | Buy | 5,000 | $3.40 | $17.0K | Form 4 |
| Feb 8, 2022 | Bergera J. JosephPresident and CEO | Buy | 10,000 | $3.38 | $33.8K | Form 4 |
| Dec 17, 2021 | THOMAS TOMDirector | Buy | 15,000 | $3.82 | $57.3K | Form 4 |
| Dec 17, 2021 | THOMAS TOMDirector | Buy | 15,000 | $3.82 | $57.3K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings Sep 27, 2024 to Feb 14, 202552
- VANGUARD GROUP INCSC 13G/A, 3 filings Feb 10, 2022 to Feb 13, 202453
- Samjo Management, LLCSC 13G/A, 2 filings Jul 31, 2023 to Feb 9, 202454
- Cowen Prime Advisors LLCSC 13G, 2 filings Feb 9, 2022 to Aug 7, 202355
- Samjo Capital LLCSC 13G/A, 2 filings Feb 7, 2022 to Feb 10, 202356
- ROYCE & ASSOCIATES LPSC 13G/A, 1 filing Jan 31, 202257
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARITERIS, INC. filings on SEC EDGAR
- 2SEC EDGARITERIS, INC. 10-K for fiscal 2024
- 3SEC EDGARITERIS, INC. filings on SEC EDGAR
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- 5SEC EDGARITERIS, INC. 10-K for fiscal 2017
- 6SEC EDGARITERIS, INC. 10-K for fiscal 2018
- 7SEC EDGARITERIS, INC. 10-K for fiscal 2019
- 8SEC EDGARITERIS, INC. 10-K for fiscal 2020
- 9SEC EDGARITERIS, INC. 10-K for fiscal 2022
- 10SEC EDGARITERIS, INC. 10-Q for fiscal 2023
- 11SEC EDGARITERIS, INC. 10-Q for fiscal 2023
- 12SEC EDGARITERIS, INC. 10-Q for fiscal 2024
- 13SEC EDGARITERIS, INC. 10-K for fiscal 2017
- 14SEC EDGARITERIS, INC. 10-K for fiscal 2017
- 15SEC EDGARITERIS, INC. 10-K for fiscal 2024
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- 23SEC EDGARJames Miele, Chief financial officer
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- 27SEC EDGARCraig A. Christensen, Controller
- 28SEC EDGARWilliam H. Sowell, Vice President
- 29SEC EDGARThomas N. Blair, Sr. Vice President
- 30SEC EDGARTodd Kreter, Vice President
- 31SEC EDGARAlan Clelland, Sr. Vice President
- 32SEC EDGARAbbas Mohaddes, Exec Vice President
- 33SEC EDGARFrancis Memole, Sr. Vice President
- 34SEC EDGARGreg McKhann, Vice President
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- 36SEC EDGARJ. Joseph Bergera, Board member
- 37SEC EDGARDennis W. Zank, Board member
- 38SEC EDGARAnjali Joshi, Board member
- 39SEC EDGARLucas P. Schneider, Board member
- 40SEC EDGARLaura Siegal, Board member
- 41SEC EDGARScott Deeter, Board member
- 42SEC EDGARKyle Cerminara, Board member
- 43SEC EDGARGerard Mooney, Board member
- 44SEC EDGARMikel H. Williams, Board member
- 45SEC EDGARJoel Slutzky, Board member
- 46SEC EDGARGary Hernandez, Board member
- 47SEC EDGARGreg Miner, Board member
- 48SEC EDGARHartmut Marwitz, Board member
- 49SEC EDGARJohn Seazholtz, Board member
- 50SEC EDGARPaul Wright, Board member
- 51SEC EDGARRichard Char, Board member
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