Iteris, Inc. (ITI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1250 S. CAPITAL OF TEXAS HWY.
AUSTIN, TX 78746
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,58710,21623,68928,30525,7739,006
Cash and cash equivalents16,58710,21623,68925,20514,2177,071
Short-term investments    3,10011,5561,935
Restricted cash and investments      130
Receivables32,15835,11036,49830,56127,92123,416
Inventory, net of allowances, customer advances and progress billings10,84112,4807,9805,0663,0402,916
Inventory10,84112,4807,9805,0663,0402,916
Other undisclosed current assets3,2683,7094,1965,7082,2951,237
Total current assets:62,85461,51572,36369,64059,02936,705
Noncurrent Assets
Operating lease, right-of-use asset8,3458,83411,38211,353 
Property, plant and equipment1,2971,4351,3921,9231,9421,965
Intangible assets, net (including goodwill)38,53038,71640,12042,63726,72718,436
Goodwill28,34028,34028,34028,34020,59015,150
Intangible assets, net (excluding goodwill)10,19010,37611,78014,2976,1373,286
Disposal group, including discontinued operation, noncurrent assets   678  
Other noncurrent assets7681,2301,1201,2381,215849
Other undisclosed noncurrent assets     13,044 
Total noncurrent assets:48,94050,21554,02057,22942,92821,250
TOTAL ASSETS:111,794111,730126,383126,869101,95757,955
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,39620,49928,95825,59020,55218,347
Employee-related liabilities11,40911,7348,4416,536
Accounts payable12,94314,83811,9268,9358,3559,441
Accrued liabilities5,4535,6615,6234,9213,7562,370
Deferred revenue6,7205,0196,5667,349 
Disposal group, including discontinued operation   16394  
Contract with customer, liability5,9634,883
Other undisclosed current liabilities12,92311,028    
Total current liabilities:38,03936,54635,68733,03326,51523,230
Noncurrent Liabilities
Long-term debt and lease obligation:    10,407  
Liabilities, other than long-term debt10,84911,3183,0704,711130605
Deferred rent credit      455
Deferred income tax liabilities422399337808 
Liability for uncertainty in income taxes7979105119130150
Disposal group, including discontinued operation, liabilities   172261  
Other liabilities2,7072,6122,4563,523  
Operating lease, liability7,6418,228 10,407 
Other undisclosed noncurrent liabilities   10,763(261)12,18565
Total noncurrent liabilities:10,84911,31813,83314,85712,315670
Total liabilities:48,88847,86449,52047,89038,83023,900
Equity
Equity, attributable to parent62,90663,86676,86378,97963,12734,055
Common stock4,2824,2654,2424,1704,0713,338
Treasury stock, value(891)(884)    
Additional paid in capital190,082188,895186,720181,828176,209142,260
Accumulated deficit(130,567)(128,410)(114,099)(107,019)(117,153)(111,543)
Total equity:62,90663,86676,86378,97963,12734,055
TOTAL LIABILITIES AND EQUITY:111,794111,730126,383126,869101,95757,955

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues156,052161,758133,572117,138114,11799,123
Cost of revenue(114,034)(119,711)(86,179)(70,282)(66,356)(60,517)
Gross profit:42,01842,04747,39346,85647,76138,606
Operating expenses(56,533)(63,606)(54,087)(46,417)(53,737)(46,565)
Operating income (loss):(14,515)(21,559)(6,694)439(5,976)(7,959)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
124209(18)5429750
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (108) 113229129
Income (loss) from continuing operations before equity method investments, income taxes:(14,391)(21,458)(6,712)606(5,450)(7,780)
Other undisclosed loss from continuing operations before income taxes(329)(346)(14)   
Income (loss) from continuing operations before income taxes:(14,720)(21,804)(6,726)606(5,450)(7,780)
Income tax expense(135)(268)(174)(115)(160)(36)
Income (loss) from continuing operations:(14,855)(22,072)(6,900)491(5,610)(7,816)
Income (loss) before gain (loss) on sale of properties:(29,891)(7,080)10,134(5,610)(7,816)
Income (loss) from discontinued operations  (9,868)(180)9,643  
Other undisclosed net income      
Net income (loss) available to common stockholders, diluted:(14,855)(31,940)(7,080)10,134(5,610)(7,816)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(14,855)(31,940)(7,080)10,134(5,610)(7,816)
Comprehensive income (loss), net of tax, attributable to parent:(14,855)(31,940)(7,080)10,134(5,610)(7,816)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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