Itron’s Revenue Falls by 7% YoY in Q4 2021, Registers a Net Loss of $58.9 Million
Increasing backlog due to semiconductor component shortages impacted Q4 results
March 8, 2022
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U.S.-based energy and water resource management technology company Itron in its recently announced financial results recorded revenue of $485.6 million in the fourth quarter (Q4) 2021, a year-over-year (YoY) decline of 7% compared to $525 million in Q4 2020 and a quarter-over-quarter (QoQ) growth of 0.2% compared to $486.9 million recorded in Q3 2021.
Arjun Joshi
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