Vision 2027

Vision 2027 Focus on supply chain improvement plan and operational excellence results in significant improvement in both gross margins and adjusted EBITDA margins 20 20 Gross Margins (%) 27% 2023 49% - 51% 2027F Scale from Revenue Growth + Strategic Acquisitions + Increasing ARR + Prudent Cost Management and Improved Investment Decisions Adj. EBITDA Margin (%) -4% 2023 16% -19% 2027F © 2024 Iteris, Inc. All rights reserved. * Adjusted for one-time non-recurring items iteris

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