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Iteris, Inc.
2/3/2022
ran in the, you know, 45% to 50% range. You know, they're obviously way down in the quarter for the reasons we talked about. But, you know, we would certainly expect over the next several quarters that, you know, they would get back to that 45% to 50% range where they were. I mean, they were only 34.5% in the current quarter. But, you know, I think that was, you know, very, very – maybe an all-time low, you know, from a product margin standpoint. So, you know, we're expecting them to come back over the next couple of quarters, you know, hopefully as we continue to work our way out of the supply chain issues like everybody else.
Okay. And then so that's product. And what about service if we're thinking about kind of modeling the next fiscal year and getting to a consolidated gross margin?
Yes, well, I mean, those have been running, you know, around 35%, and that's, you know, where they've kind of settled in. And as I said, you know, we do expect those to, you know, increase as the amount of annual recurring revenue goes up, but we'll be giving, you know, more specific guidance when we get to our fourth quarter call.
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