ITERIS, INC. ITI Income Statement

Iteris, inc. (ITI)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Product revenues
-	-	-	-	-	-	-	-	-	11,702	11,923	-	10,046	11,086	11,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service revenues
-	-	-	-	-	-	-	-	-	13,546	15,260	-	12,645	12,974	12,920	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
28,733	27,882	26,607	26,091	23,140	24,417	25,475	-	26,026	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,529	7,248	9,462
Contract revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,424	5,218	6,212
Total revenues
-	-	-	-	-	-	-	-	-	25,248	27,183	-	22,691	24,060	23,927	19,796	19,014	20,573	18,365	18,045	17,540	18,550	18,116	17,623	16,548	17,027	17,030	15,883	13,994	15,504	16,304	15,240	14,881	14,393	13,892	11,873	11,953	12,466	15,674
Cost of product revenues
-	-	-	-	-	-	-	-	7,299	6,278	6,863	-	5,581	6,196	5,932	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of service revenues
-	-	-	-	-	-	-	-	8,784	9,002	10,415	-	8,490	8,409	8,586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
16,795	16,498	16,200	16,230	14,248	14,756	15,283	15,257	16,083	15,280	17,278	15,386	14,071	14,605	14,518	11,858	11,803	12,690	10,728	10,831	10,678	11,251	11,309	11,479	10,356	10,115	10,304	10,111	8,843	9,433	10,040	9,507	9,417	8,388	8,023	-	-	-	-
Cost of net sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,130	3,549	4,520
Cost of contract revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,929	3,242	4,137
Gross profit
11,938	11,384	10,407	9,861	8,892	9,661	10,192	10,015	9,943	9,968	9,905	9,918	8,620	9,455	9,409	7,938	7,211	7,883	7,637	7,214	6,862	7,299	6,807	6,144	6,192	6,912	6,726	5,772	5,151	6,071	6,264	5,733	5,464	6,005	5,869	5,298	4,894	5,675	7,017
Operating expenses:
Selling, general and administrative
11,449	11,518	10,068	10,311	9,450	9,080	9,630	10,452	9,098	9,153	8,697	9,615	8,035	7,858	7,805	7,672	6,400	6,286	6,488	6,783	5,734	6,208	5,700	4,741	4,632	4,791	5,105	4,581	4,382	4,226	4,901	4,485	4,371	4,429	4,701	4,280	4,120	3,940	4,641
Research and development
2,428	1,986	1,844	1,931	1,887	1,912	2,089	2,391	1,946	1,881	1,727	1,590	1,979	1,698	1,610	1,503	1,853	2,074	1,503	1,412	1,618	1,287	1,079	1,211	1,085	949	784	702	902	834	633	707	868	855	753	266	657	580	941
Amortization of intangible assets
230	231	66	84	61	65	65	4	18	33	33	33	80	84	84	84	92	92	92	90	102	120	119	144	161	161	161	-	161	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161	161	-	141	102	100	90	24	26	36
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	4	4	4	5	9	7	-	133	13	-	-	-	-	-	-	-	-	-
Loss on impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,970	-	-
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	334	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-281	-375	17	-	-	-	-
Total operating expenses
14,107	13,735	11,978	12,326	11,398	11,057	11,784	12,847	11,062	11,067	10,457	13,406	10,094	9,640	9,499	9,259	8,345	8,452	8,083	8,285	7,455	7,619	6,902	6,100	5,883	5,910	6,057	5,451	5,578	5,234	5,361	5,373	5,099	5,011	5,571	4,691	12,771	4,546	5,618
Operating loss
-2,169	-2,351	-1,571	-2,465	-2,506	-1,396	-1,592	-2,832	-1,119	-1,099	-552	-3,488	-1,474	-185	-90	-1,321	-1,134	-569	-446	-1,071	-593	-320	-95	44	309	1,002	669	321	-427	837	903	360	365	994	298	607	-7,877	1,129	1,399
Non-operating income:
Other income, net
43	117	-10	9	8	18	15	-2	-9	2	-7	0	-1	-2	-4	-	-3	4	-	-9	-8	0	-3	-	-3	12	-3	-7	1	3	5	0	3	-2	3	5	-7	19	1
Interest income
67	48	33	39	10	41	39	24	3	3	2	4	4	4	1	1	3	4	4	4	6	-5	1	-	8	-4	-4	-4	12	-9	-5	-8	-13	-22	-29	-32	-38	-42	-40
Loss from operations before income taxes
-2,059	-2,186	-1,548	-2,417	-2,488	-1,337	-1,538	-2,810	-1,125	-1,094	-557	-3,484	-1,471	-183	-93	-1,319	-1,134	-561	-442	-1,076	-595	-325	-97	38	314	1,010	662	310	-414	831	903	352	355	970	272	580	-7,922	1,106	1,360
(Provision) benefit for income taxes
9	1	24	15	-24	4	41	-411	-1,373	-33	-1	-33	-4	-8	1	24	9,365	-112	-198	-254	-441	-92	-29	37	86	349	232	241	-120	281	314	-73	-263	862	117	92	-836	459	563
Loss from continuing operations
-	-	-	-	-	-	-	-2,399	248	-1,061	-556	-3,451	-1,467	-175	-94	-1,343	-10,499	-449	-244	-822	-154	-233	-68	1	228	661	430	69	-294	550	589	425	618	108	155	-	-7,086	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	647	-
Gain on sale of discontinued operation, net of tax
-	-	-	-	-	-	-	-16	95	77	86	83	87	135	56	51	57	54	52	56	56	46	49	49	10	0	30	-13	1,391	0	87	-	129	1,115	-	-	-	-	-
Income from discontinued operation, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1	87	-58	-	59	-	-
Income (loss) from discontinued operation, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-105	-
Net loss
-2,068	-2,187	-1,572	-2,432	-2,464	-1,341	-1,579	-2,415	343	-984	-470	-3,368	-1,380	-40	-38	-1,292	-10,442	-395	-192	-766	-98	-187	-19	50	238	661	460	56	1,097	550	676	360	747	1,310	97	-	-7,027	542	-
Loss per share from continuing operations - basic and diluted
-	-	-	-	-	-	-	-0.08	0.01	-0.03	-0.02	-0.10	-0.05	-0.01	0.00	-0.04	-0.33	-0.01	-0.01	-0.03	0.00	-0.01	0.00	0.00	0.01	0.02	0.01	0.00	-0.01	0.02	0.02	0.01	0.02	0.01	0.00	-	-	-	-
Gain per share from sale of discontinued operation - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	-0.01	0.01	0.01	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.03	0.00	-	-	-	-
Income per share from discontinued operation - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	-	-	-	-
Net loss per share - basic and diluted (in dollars per share)
-0.05	-0.05	-0.05	-0.07	-0.07	-0.04	-0.05	-0.08	0.01	-0.03	-0.01	-0.11	-0.04	0.00	0.00	-0.03	-0.33	-0.01	-0.01	-0.02	0.00	-0.01	0.00	0.00	0.01	0.02	0.01	0.00	0.03	0.02	0.02	0.01	0.02	0.04	0.00	-	-	-	-
Income (loss) per share from continuing operations - basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	0.02	-
Income (loss) per share from continuing operations - diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21	0.02	-
Gain per share from sale of discontinued operation - basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-
Gain per share from sale of discontinued operation - diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-
Income (loss) per share from discontinued operation - basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-
Income (loss) per share from discontinued operation - diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	797
Net income (loss) per share - basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	0.02	0.02
Net income (loss) per share - diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.20	0.02	0.02
Shares used in basic per share calculations (in shares)
40,593	40,493	34,268	33,324	33,297	33,242	33,201	33,093	32,877	32,628	32,506	-	32,205	-	-	-	-	-	-	32,570	32,568	32,585	32,657	32,777	32,734	32,629	32,520	32,992	33,532	33,631	33,809	34,026	34,217	34,428	34,365	34,347	34,332	34,332	34,329
Shares used in diluted per share calculations (in shares)
40,593	40,493	34,268	33,324	33,297	33,242	33,201	-	34,258	-	32,506	-	32,205	-	-	-	-	-	-	32,570	32,568	32,585	32,657	32,911	32,897	32,864	32,716	33,160	33,641	33,772	33,863	34,190	34,271	34,500	34,559	33,933	34,332	34,383	34,692
Shares used in basic and diluted per share calculations (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	32,117	32,052	-	32,013	31,935	32,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product
Total revenues
12,960	13,795	14,517	12,809	11,088	12,412	11,918	-	11,995	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
6,580	7,551	8,495	8,224	6,814	6,902	6,494	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service
Total revenues
15,773	14,087	12,090	13,282	12,052	12,005	13,557	-	14,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of revenues
10,215	8,947	7,705	8,006	7,434	7,854	8,789	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-