Iteris Financials

$96 M

Revenue FY, 2017

$179.2 M

Mkt cap, 20-Apr-2018
Revenue growth (FY, 2016 - FY, 2017), %23%
Gross profit (FY, 2017)37.4 M
Gross profit margin (FY, 2017), %39%
Net income (FY, 2017)(4.8 M)
EBIT (FY, 2017)(5.2 M)
Cash, 30-Sep-201714.9 M

Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

72.3 m77.7 m96 m

Revenue growth, %

6%8%23%

Cost of goods sold

44.1 m47.1 m58.6 m

Gross profit

28.2 m30.7 m37.4 m

Gross profit Margin, %

39%39%39%

R&D expense

6.9 m

General and administrative expense

33.3 m

Operating expense total

40.2 m

EBIT

(2.1 m)(3.5 m)(5.2 m)

EBIT margin, %

(3%)(4%)(5%)

Interest expense

6 k

Pre tax profit

(2.1 m)(3.5 m)(5.2 m)

Income tax expense

(9.1 m)

Net Income

(1.1 m)(12.3 m)(4.8 m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

17 m16.5 m18.1 m18.6 m17.5 m18.4 m20.6 m19 m23.9 m24.1 m22.7 m27.2 m25.2 m

Cost of goods sold

10.1 m10.4 m11.3 m11.3 m10.7 m10.7 m12.7 m11.8 m14.5 m14.6 m14.1 m17.3 m

Gross profit

6.9 m6.2 m6.8 m7.3 m6.9 m7.6 m7.9 m7.2 m9.4 m9.5 m8.6 m9.9 m

Gross profit Margin, %

41%37%38%39%39%42%38%38%39%39%38%36%

R&D expense

949 k1.1 m1.1 m1.3 m1.6 m1.5 m2.1 m1.9 m1.6 m1.7 m2 m1.7 m

General and administrative expense

4.8 m4.6 m5.7 m6.2 m5.7 m6.5 m6.3 m6.4 m7.8 m7.9 m8 m8.7 m

Operating expense total

5.9 m5.9 m6.9 m7.6 m7.5 m8.1 m8.5 m8.3 m9.5 m9.6 m10.1 m10.5 m11.1 m

EBIT

1 m309 k(95 k)(320 k)(593 k)(446 k)(569 k)(1.1 m)(90 k)(185 k)(1.5 m)(552 k)(1.1 m)

EBIT margin, %

6%2%(1%)(2%)(3%)(2%)(3%)(6%)0%(1%)(6%)(2%)(4%)

Interest expense

4 k8 k1 k5 k4 k

Interest income

8 k1 k4 k

Pre tax profit

1 m314 k(97 k)(595 k)(442 k)(561 k)(1.1 m)(93 k)(183 k)(1.5 m)(557 k)(1.1 m)

Income tax expense

(349 k)(86 k)198 k112 k(9.4 m)(1 k)8 k33 k

Net Income

661 k238 k(19 k)(187 k)(98 k)(192 k)(395 k)(10.4 m)(38 k)(40 k)(1.4 m)(470 k)(984 k)

Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

20.4 m22 m16 m18.2 m

Accounts Receivable

Inventories

2.5 m3.1 m3.2 m2.3 m

Current Assets

43.8 m44.5 m39.2 m43.3 m

PP&E

1.5 m2 m2.1 m2.1 m

Goodwill

17.3 m17.3 m17.3 m15.2 m

Total Assets

70.6 m70.6 m60 m62.3 m

Accounts Payable

5.9 m5.9 m5.5 m7.9 m

Short-term debt

Current Liabilities

12.9 m13.7 m14.9 m20.6 m

Long-term debt

Total Liabilities

22.1 m

Additional Paid-in Capital

136 m135.6 m135.4 m137 m

Retained Earnings

(81.8 m)(82.8 m)(95.2 m)(100 m)

Total Equity

57.5 m56 m43.5 m40.2 m

Financial Leverage

1.2 x1.3 x1.4 x1.5 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

21.8 m20.5 m21.5 m22.4 m21.1 m18.9 m19.1 m18.4 m15.1 m15.7 m17.9 m17.6 m14.9 m

Accounts Receivable

(777 k)

Inventories

2 m2.7 m1.9 m2.3 m2.8 m3 m3.2 m3 m2.6 m2.8 m2.8 m2.5 m2.8 m

Current Assets

42.5 m42.7 m43.6 m44.3 m43 m42.3 m43.5 m39.2 m38.8 m40 m41.1 m46.2 m42.1 m

PP&E

1.7 m1.6 m1.5 m1.6 m2 m2.2 m2.1 m2.1 m2.2 m2.2 m2.1 m2.4 m

Goodwill

17.3 m17.3 m17.3 m17.3 m17.3 m17.3 m17.3 m17.3 m17.3 m17.3 m17.3 m15.2 m15.2 m

Total Assets

69 m69 m70.2 m70.9 m70.3 m68.6 m69.7 m59.5 m59.8 m60.8 m61.8 m65.7 m62.4 m

Accounts Payable

4.3 m4.7 m4.8 m5.5 m5.4 m4.9 m6.4 m5.2 m6.5 m6.7 m6.8 m9.7 m(889 k)

Current Liabilities

11.4 m11.5 m12 m12.9 m12.3 m12.5 m14.1 m13.2 m14.6 m15.2 m17.3 m23.8 m20.6 m

Total Liabilities

12.1 m11.7 m13 m14 m13.4 m13.5 m15.1 m15 m16.2 m16.8 m18.9 m25.3 m22.2 m

Additional Paid-in Capital

135.8 m135.9 m135.8 m135.6 m135.7 m135 m134.8 m135.2 m135.7 m136.1 m136.3 m137.6 m138.4 m

Retained Earnings

(82.1 m)(81.8 m)(81.8 m)(82 m)(82.1 m)(83 m)(83.4 m)(93.9 m)(95.2 m)(95.2 m)(96.6 m)(100.5 m)(101.4 m)

Total Equity

57 m57.3 m57.2 m56.9 m56.9 m55.1 m54.6 m44.5 m43.7 m44 m42.9 m40.4 m40.2 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x1.3 x1.3 x1.4 x1.4 x1.4 x1.6 x1.6 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.4 m(1.1 m)(12.3 m)(4.8 m)

Depreciation and Amortization

627 k431 k360 k281 k

Accounts Receivable

(1.4 m)1.1 m(2 m)(1.1 m)

Inventories

(81 k)(516 k)(91 k)903 k

Accounts Payable

688 k1.7 m446 k3.6 m

Cash From Operating Activities

3.3 m3.6 m(4.1 m)2.9 m

Purchases of PP&E

(452 k)(986 k)(856 k)(668 k)

Cash From Investing Activities

(779 k)(844 k)(978 k)(1.3 m)

Long-term Borrowings

(634 k)

Cash From Financing Activities

(759 k)(1.2 m)(844 k)612 k

Interest Paid

33 k30 k18 k14 k

Income Taxes Paid

128 k141 k177 k166 k

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

1.1 m1.4 m(19 k)(206 k)(304 k)(192 k)(587 k)(11 m)(38 k)(79 k)(1.5 m)(470 k)(984 k)

Depreciation and Amortization

402 k585 k127 k252 k380 k151 k316 k482 k176 k361 k544 k184 k

Accounts Receivable

788 k303 k(89 k)469 k1.3 m(447 k)(1.7 m)(645 k)(18 k)782 k798 k(3.1 m)(777 k)

Inventories

444 k(203 k)601 k279 k(227 k)36 k(96 k)18 k513 k379 k400 k(231 k)2.8 m

Accounts Payable

(946 k)(993 k)(70 k)393 k(20 k)(1.2 m)94 k(1.4 m)(33 k)(24 k)1.5 m3 m(889 k)

Cash From Operating Activities

3.7 m2.9 m1.5 m2.8 m2.4 m(2 m)(1.5 m)(2.3 m)(468 k)279 k2.4 m(85 k)(2.5 m)

Purchases of PP&E

(251 k)(356 k)(115 k)(343 k)(858 k)(323 k)(485 k)(673 k)(292 k)(401 k)(497 k)(548 k)

Cash From Investing Activities

(422 k)(657 k)(17 k)(245 k)(759 k)(323 k)(391 k)(389 k)(489 k)(774 k)(705 k)(718 k)(1.3 m)

Long-term Borrowings

(634 k)

Cash From Financing Activities

(594 k)(844 k)(350 k)(581 k)(929 k)(735 k)(963 k)(859 k)14 k179 k183 k160 k536 k

Interest Paid

5 k9 k14 k5 k9 k

Income Taxes Paid

177 k47 k47 k52 k56 k88 k

Ratios

USDY, 2017

Revenue/Employee

227.8 k

Financial Leverage

1.6 x
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Operating Metrics

Iteris's Patent Applications was reported to be 2 in FY, 2016. Iteris's Backlog was reported to be $64.5m in FY, 2017. Iteris's Customers was reported to be 15 k in Jun, 2017.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Jun, 2017

Backlog

$39.20 m$63.30 m$64.50 m

Backlog (Transportation Systems)

$29.60 m$35.90 m$35.80 m$53.80 m$53.30 m$53.70 m$52.10 m$54.10 m$54.40 m

Customers

15 k

Patent Applications

25 2

Patents (US)

9 31 31

Patents Pending (US)

23

Patents Pending (foreign)

9
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