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home / news releases / ITRN - Ituran Location reports mixed Q4 earnings; initiates FY23 outlook


ITRN - Ituran Location reports mixed Q4 earnings; initiates FY23 outlook

  • Ituran Location press release ( NASDAQ: ITRN ): Q4 GAAP EPS of $0.47 misses by $0.05 .
  • Revenue of $74.9M (+6.5% Y/Y) beats by $0.27M .
  • EBITDA of $20.6 million, up 9% Y/Y.
  • Subscriber-adds in Q4 of 46,000 and 185,000 for FY 2022.
  • Expects recent strong subscriber growth to contribute to accelerated growth in 2023.
  • Management's expectations for the growth rate of the global after-market subscriber base in 2023 at between 180,000 to 200,000, net new subscribers-adds.

For further details see:

Ituran Location reports mixed Q4 earnings; initiates FY23 outlook
Stock Information

Company Name: Ituran Location and Control Ltd.
Stock Symbol: ITRN
Market: NASDAQ
Website: ituran.com

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