Iteris reports Q4 EPS (1c), consensus 3c

Reports Q4 revenue $42.4M, consensus $40.47M. “We are very pleased to report fiscal 2023 fourth quarter and full year revenue increased 24% and 17%, respectively, year over year, due to the strong execution of our supply chain improvement plan and our focus on customer delivery,” said Joe Bergera, President and CEO of Iteris. “Additionally, we are pleased to report significant sequential and year over year increases in fourth quarter profit and net cash flow, which further demonstrates that we have started to realize the anticipated gross margin benefits from the introduction of our alternative circuit boards and other elements of our supply chain improvement plan.”