While revenue acceleration is not needed for $ITI valuation to work, there are multiple signs that revenue is accelerating. Iteris’s net bookings are a leading indicator. In Q4, they had a record 40.9 million of net bookings, 8.9 mill above revenue implying future acceleration.

This quarter, Iteris has released six press releases about contracts they have signed with different municipals. Of these contracts, three of them had a dollar amount referenced. Those three combined to equal 13.5 million or 1/3 of their total record net bookings last quarter. By comparison, in their record Q4 last year, they had seven press releases for contracts and five of which referenced different dollar amounts. This totaled 9.6 million in contracts. Iteris’s press releases suggest an acceleration in net bookings, thus, revenue.

Iteris also has 45 new job postings posted in the last month. Many of which are for engineering roles. For a company with only 414 employees (according to ZoomInfo), this is a serious uptick in hiring. This hiring surge could be due to an expected increase in contracts and revenue.

My original thesis on $ITI is here for your reference