Iteris Sees FY24 Revenue $168M-$175M Vs $169.71M Est
Portfolio Pulse from Benzinga Newsdesk
Iteris forecasts FY24 revenue of $168M-$175M, representing a 10% YoY organic growth at the mid-point of the guidance range. Adjusted EBITDA is expected to be 7%-9% of FY24 revenue, with net cash flow of $12M-$16M.
June 13, 2023 | 8:11 pm
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POSITIVE IMPACT
Iteris' FY24 revenue guidance of $168M-$175M indicates a 10% YoY organic growth, with adjusted EBITDA of 7%-9% and net cash flow of $12M-$16M.
Iteris' positive FY24 outlook, with a 10% YoY organic growth and improved adjusted EBITDA, indicates a strong financial performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100