Iteris, Inc. (NASDAQ:ITI) Q1 2023 Results Conference Call August 4, 2022 4:30 PM ET

Company Participants

Todd Kehrli - MKR Group

Joe Bergera - President and CEO

Doug Groves - CFO

Conference Call Participants

Mike Shlisky - DA Davidson

Mike Latimore - Northland Capital

Operator

Good day and welcome to the Iteris Incorporated Fiscal First Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Todd Kehrli of the MKR Group. Please go ahead.

Todd Kehrli

Thank you, operator. Good afternoon, everyone, and thank you for participating in today’s conference call to discuss Iteris’ financial results for 2023 first fiscal quarter ended June 30, 2022. Joining us today are: Iteris’ President and CEO, Mr. Joe Bergera; the company’s CFO, Mr. Doug Groves.

Following the remarks, we’ll open the call for questions on the company’s covering outside analysts. Before we continue, we’d like to remind all participants that during the course of this call, we may make forward-looking statements regarding future events or the future performance of the company, which statements are based on current information, are subject to change and are not guarantees of future performance. Iteris is not undertaking an obligation to provide updates to these forward-looking statements in the future. Actual results may differ substantially from what is discussed today, and no one should assume that at a later date, the company’s comments today will still be valid.

Iteris refers you to the documents that the company files from time to time with the SEC, specifically the company’s most recent forms 10-K, 10-Q and 8-K, which contain and identify important risk factors that could cause actual results to differ materially from those that are contained in any forward-looking statements. As always, you will find webcast replay of today’s call on the Investor section of the company’s website www.iteris.com.

Now I’d like to turn the call over to Iteris’ President and CEO, Mr. Joe Bergera. Sir, please proceed.

Joe Bergera

Great. Thank you, Todd, and good afternoon to everyone. I appreciate all of you joining us today. As a reminder, we completed the sale of our Agriculture and Weather Analytics segment to DTN LLC on May 5, 2020, therefore, reporting the results of that segment as discontinued operations for all periods presented in today’s earnings announcement. I’ll be discussing only our continuing operations for the remainder of this call.