Iteris Reports Record Second Quarter Revenue of $27.9 Million
Iteris, Inc. (ITI)
NASDAQ:AMEX Investor Relations:
iterisinc.gcs-web.com/investor-relations
Company Research
Source: Business Wire
SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today reported financial results for its second fiscal quarter 2020 ended September 30, 2019.Fiscal First Half and Second Quarter 2020 Financial HighlightsTotal second quarter revenue of $27.9 million and first half revenue of $54.5 million, up 14% and 9% respectively year over yearTotal second quarter net bookings of $34.7 million and first half net bookings of $65.7 million, up 3% and 7% respectively year over yearTotal ending backlog of $70.6 million, up 18% sequentiallyClosed acquisition of Albeck Gerken (AGI), Incorporated, which contributed $1.7 million of revenue to the Transportation Systems segment.Management commentary:“We are pleased to report record total revenue, net bookings and ending backlog results for the second quarter of fiscal 2020,” said Joe Bergera, president and CEO. “As we enter the second half of fiscal 2020, we expe
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ITI
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- 3/4/24 - Form 4
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