Iteris, Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company's total revenues decreased 6% to $14 million compared to $14.9 million in the year ago quarter. The decrease in revenues is primarily due to a 23% year-over-year decrease in Roadway Sensors net sales as a result of delays in customer orders and the effects of Hurricane Sandy. Net loss from continuing operations was $294,000 or $0.01 per basic and diluted share in the third quarter compared to income from continuing operations of $618,000 or $0.02 per basic and diluted share in the year ago quarter. Net income was $1.1 million or $0.03 per diluted share compared to $747,000 or $0.02 per diluted share in the year-ago quarter. Operating loss was $427,000 against operating income of $365,000 a year ago. Loss from continuing operations before income taxes was $414,000 against income from continuing operations before income taxes of $355,000 a year ago.

For the nine months, the company reported total revenues of $45,802,000 compared to $43,166,000 in the year ago quarter. Income from continuing operations was $845,000 or $0.03 per basic and diluted share compared to $882,000 or $0.03 per basic and diluted share in the year ago quarter. Net income was $2,323,000 or $0.07 per basic and diluted share compared to $2,154,000 or $0.06 per basic and diluted share in the year-ago quarter. Operating income was $1,313,000 against $1,657,000 a year ago. Income from continuing operations before income taxes was $1,320,000 against $1,597,000 a year ago.