Iteris, Inc. (ITI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,47428,30525,7739,00615,47118,201
Cash and cash equivalents27,47425,20514,2177,07110,15218,201
Short-term investments 3,10011,5561,9355,319 
Restricted cash and investments   130 535
Receivables32,85130,56127,92123,41620,33920,755
Inventory, net of allowances, customer advances and progress billings6,8845,0663,0402,9162,9212,250
Inventory6,8845,0663,0402,9162,9212,250
Disposal group, including discontinued operation27     
Costs in excess of billings 362
Other undisclosed current assets3,3465,7082,2951,2371,1651,211
Total current assets:70,58269,64059,02936,70539,89643,314
Noncurrent Assets
Operating lease, right-of-use asset11,93411,353 
Property, plant and equipment1,5101,9231,9421,9652,3332,064
Intangible assets, net (including goodwill)40,63642,63726,72718,43618,90116,648
Goodwill28,34028,34020,59015,15015,15015,150
Intangible assets, net (excluding goodwill)12,29614,2976,1373,2863,7511,498
Disposal group, including discontinued operation, noncurrent assets2478    
Other noncurrent assets5551,2381,2158491,756319
Other undisclosed noncurrent assets  13,044   
Total noncurrent assets:54,65957,22942,92821,25022,99019,031
TOTAL ASSETS:125,241126,869101,95757,95562,88662,345
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,27125,59020,55218,34717,59416,530
Accounts payable8,2088,9358,3559,4417,8387,886
Accrued liabilities4,9604,9213,7562,3702,3582,201
Employee-related liabilities11,10311,7348,4416,5367,3986,443
Deferred revenue7,3207,349 
Disposal group, including discontinued operation15494    
Deferred revenue and credits4,9004,049
Contract with customer, liability5,9634,883
Total current liabilities:31,74533,03326,51523,23022,49420,579
Noncurrent Liabilities
Long-term debt and lease obligation 10,407    
Operating lease, liability 10,407 
Liabilities, other than long-term debt3,3174,7111306058711,542
Deferred revenue and credits638649
Deferred rent credit   455
Deferred tax liabilities, net 65707
Deferred income tax liabilities298808 
Liability for uncertainty in income taxes104119130150168186
Disposal group, including discontinued operation, liabilities197261    
Other liabilities2,7183,523    
Other undisclosed noncurrent liabilities11,380(261)12,18565  
Total noncurrent liabilities:14,69714,85712,3156708711,542
Total liabilities:46,44247,89038,83023,90023,36522,121
Stockholders' equity
Stockholders' equity attributable to parent78,79978,97963,12734,05539,52140,224
Common stock4,2344,1704,0713,3383,3183,249
Additional paid in capital185,550181,828176,209142,260139,722136,968
Accumulated deficit(110,985)(107,019)(117,153)(111,543)(103,519)(99,993)
Total stockholders' equity:78,79978,97963,12734,05539,52140,224
TOTAL LIABILITIES AND EQUITY:125,241126,869101,95757,95562,88662,345

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues133,252117,138114,11799,123103,72995,982
Revenue, net103,729 
Cost of revenue(83,808)(70,282)(66,356)(60,517)(63,898)(58,580)
Cost of goods and services sold    (63,898) 
Gross profit:49,44446,85647,76138,60639,83137,402
Operating expenses(46,598)(46,417)(53,737)(46,565)(45,433)(42,639)
Operating income (loss):2,846439(5,976)(7,959)(5,602)(5,237)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(81)5429750(16)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(33)1132291293213
Income (loss) from continuing operations before equity method investments, income taxes:2,732606(5,450)(7,780)(5,586)(5,231)
Other undisclosed income from continuing operations before income taxes5     
Income (loss) from continuing operations before income taxes:2,737606(5,450)(7,780)(5,586)(5,231)
Income tax expense (benefit)(281)(115)(160)(36)1,81844
Income (loss) from continuing operations:2,456491(5,610)(7,816)(3,768)(5,187)
Income (loss) from discontinued operations(104)9,643    
Other undisclosed income before gain (loss) on sale of properties9,643     
Income (loss) before gain (loss) on sale of properties:11,99510,134(5,610)(7,816)(3,768)(5,187)
Other undisclosed net income    242 
Net income (loss) attributable to parent:11,99510,134(5,610)(7,816)(3,526)(5,187)
Other undisclosed net income available to common stockholders, basic     361
Net income (loss) available to common stockholders, diluted:11,99510,134(5,610)(7,816)(3,526)(4,826)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net income (loss):11,99510,134(5,610)(7,816)(3,526)(5,187)
Comprehensive income (loss), net of tax, attributable to parent:11,99510,134(5,610)(7,816)(3,526)(5,187)

Statements sources

The financial statements are based on the company's filings with the 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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