Iteris Expects Q1 Total Revenues Of $43.5M - $45.5M (Est $46.401M); Represents Organic Growth Of 2% At Mid-point Of Guidance Range Due To Timing Of New Product Introduction Cycles
Portfolio Pulse from Benzinga Newsdesk
Iteris expects Q1 total revenues of $43.5M - $45.5M, below the estimated $46.401M. This represents an organic growth of 2% at the midpoint of the guidance range. Adjusted EBITDA margin is expected to decline by 324 basis points year over year due to investments in R&D and sales.
June 13, 2024 | 8:11 pm
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Iteris expects Q1 revenues to be below estimates, with a decline in EBITDA margin due to increased investments in R&D and sales.
The revenue guidance is below market estimates, and the decline in EBITDA margin indicates increased costs, which could negatively impact short-term stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100