Iteris, Inc. (NASDAQ:ITI) Q1 2025 Results Conference Call August 8, 2024 4:30 PM ET

Company Participants

Jim Byers - MKR Investor Relations
Joe Bergera - President and CEO
Kerry Shiba - Chief Financial Officer

Conference Call Participants

Jeff Van Sinderen - B. Riley
Alex Latimore - Northland Capital Markets
Derek Greenberg - Maxim Group

Operator

Good day and welcome to Iteris' Fiscal First Quarter 2025 Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Jim Byers of MKR Investor Relations. Please go ahead.

Jim Byers

Thank you, operator. Good afternoon, everyone, and thank you for participating in today's conference call to discuss Iteris' financial results for its fiscal 2025 first quarter ended June 30, 2024.

Joining us today are Iteris' President and CEO, Mr. Joe Bergera; and the company's CFO, Mr. Kerry Shiba. Following their remarks, we'll open the call for questions from the company's covering sell-side analysts. Then we will answer investor questions, if any, that were submitted to the company in advance of the call per the instructions in our press release dated July 29, 2024.

Before we continue, we would like to remind all participants that during this call, we may make forward-looking statements regarding future events or the future performance of the company. These 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 from 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'll find a webcast replay of today's call on the Investor section of the company's website at www.iteris.com.

Now with that said, I'd like to turn the call over to Iteris' President and CEO, Mr. Joe Bergera.

Joe Bergera

Great. Thank you, Jim, and good afternoon to everyone. I appreciate all of you joining us today.

Iteris reported record total revenue of $45.8 million in our fiscal 2025 first quarter, representing an increase of 5% year-over-year. As a reminder, we had an unusually strong prior year comparison due to the combination of 2 events that were related to post-COVID recovery.