John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

The Rapid Growth Story At Iteris Is Only Just Beginning

Company overview

Iteris (NYSEMKT:ITI) provides intelligent transportation solutions (ITS) through three segments:

  • The roadway sensors segment provides vehicle detection systems used for traffic intersection control, incident detection and highway traffic data collection applications.
  • The transportation systems segment provides transportation engineering and consulting services as well as transportation management and traveler information systems.
  • The iPerform segment provides performance measurement and information management solutions as well as predictive traffic and weather analytics.

A stock stuck in traffic due to underappreciated growth potential

Despite its small size, ITI should be able to capture a meaningful portion of the large and growing markets (see chart below) due to its high market share (e.g. >115,000 video detection sensors operational worldwide), broad product offerings,...

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