Verra Mobility Corp

Verra Mobility Corp. engages in the provision of smart mobility technology solutions and services. It operates through the following segments: Government Solutions, Commercial Services, and Parking Solutions. The Government Solutions segment delivers traffic law enforcement services and products to state and local governments. The Commercial Services segment offers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities. The Parking Solutions segment consists of an integrated suite of parking and hardware solutions to its customers. The company was founded in 2004 and is headquartered in Mesa, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Verra Mobility exceeds Q4 revenue expectations, eyes growth opportunities

Verra Mobility's strong Q4 performance and solid full-year results set a positive financial trajectory for continued growth in 2023.
Strategic priorities focusing on core business growth, workplace engagement, and safety initiatives position the company for long-term success and innovation.
While facing challenges in revenue fluctuations and regulatory landscapes, Verra Mobility's proactive approach to opportunities in new services and technology investments bodes well for future expansion.
Overall, Verra Mobility's commitment to financial discipline, innovation, and community safety underpins its resilience and growth potential in the evolving mobility solutions market.

Verra Mobility Corp posts robust Q1 results and outlines growth strategies

Verra Mobility Corp delivered strong Q1 2023 results, showcasing revenue growth, margin improvement, and enhanced financial performance.
The company's strategic focus on partnerships, legislative advancements, and cost management underpins its growth trajectory and market positioning.
While facing challenges in market dynamics and regulatory scrutiny, Verra Mobility's positive outlook and robust guidance signal opportunities for sustained growth and value creation.

Verra Mobility Corp reports strong Q2 earnings, raises full-year guidance

Verra Mobility Corp demonstrated robust financial performance in Q2 2023, driven by revenue growth across key segments and a focus on free cash flow conversion.
While facing challenges in margin improvement and capital allocation, the company's strengths in market positioning and revenue diversification offer growth opportunities.
Overall, Verra Mobility's positive outlook, increased revenue guidance, and strategic initiatives position it well for future success and shareholder value creation.

Verra Mobility reports robust Q3 performance and identifies growth opportunities

Verra Mobility's Q3 performance reflects strong revenue growth, successful contract renewals, and a positive outlook for future financial performance. While facing potential regulatory challenges, the company has identified opportunities for revenue expansion and market growth, positioning itself for continued success.

Verra Mobility posts robust Q4 results, eyes growth opportunities

Verra Mobility's strong Q4 performance and strategic focus on reducing leverage position the company for continued growth and financial stability in 2024.
While facing challenges in cashless tolling penetration and potential legislative delays, Verra is poised to capitalize on growth opportunities in various segments.
With a clear roadmap for revenue and EBITDA targets, Verra Mobility aims to maintain market leadership and drive growth through key initiatives and market expansion.

Verra Mobility excels in Q1 2024, eyes growth opportunities

Verra Mobility's Q1 2024 showcased strong financial performance and growth across key segments.
Addressing transactional challenges and focusing on operational enhancements and contract wins.
Opportunities lie in leveraging VMOS, revised leverage targets, and increased guidance for the year.

Verra Mobility Corp reports robust Q3 performance and eyes growth opportunities

Verra Mobility Corp's Q3 performance showcased strong revenue growth, profitability, and cash flow generation, underpinned by robust demand for automated enforcement solutions.
While facing challenges in certain segments and growth projections, the company's strategic measures and financial health position it well for long-term success and capitalizing on opportunities.
Maintaining operational efficiency, pursuing strategic initiatives, and evaluating growth opportunities through M&A and share buybacks are key focus areas for driving future performance and shareholder value.
Overall, Verra Mobility's solid financial health, strong performance, and strategic positioning indicate resilience and potential for sustained growth in the evolving market landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Verra Mobility Corp. engages in the provision of smart mobility technology solutions. It operates through the following segments: Government Solutions, Commercial Services, and Parking Solutions. The Government Solutions segment offers automated safety solutions to state and local governments. The Commercial Services segment provides toll and violation management solutions by partnering with the fleet management and rental car companies. The Parking Solutions segment includes a suite of parking software and hardware solutions. The company was founded in 2004 and is headquartered in Mesa, AZ.

82% of U.S. employees say Verra Mobility is a great place to work compared to just 57% of employees at a typical U.S.-based company MESA, Ariz. , May 30, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced it has been Certified™ by Great Place To Work® for the third year in a row.

Verra Mobility receives Great Place To Work Certification™ for third year in a row

MESA, Ariz. , May 23, 2024 /PRNewswire/ --  Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will participate in two upcoming investor conferences.

Verra Mobility to participate in two investor conferences in June 2024

More than 500 buses to be equipped with safety camera technology MESA, Ariz. , May 8, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announces its partnership with Polk County Public Schools to equip more than 500 school buses with safety camera technology to better protect children on their commute to and from school.

Verra Mobility partners with Florida's Polk County Public Schools to help protect students' safety on school buses

Verra Mobility Corp (NASDAQ:VRRM ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Mark Zindler – Vice President-Investor Relations David Roberts – Chief Executive Officer Craig Conti – Chief Financial Officer Conference Call Participants Faiza Alwy – Deutsche Bank Daniel Moore – CJS Securities Keith Housum – Northcoast Research Louie DiPalma – William Blair Dave Koning – Baird Operator Good afternoon, ladies and gentlemen, and welcome to the Verra Mobility First Quarter 2024 Earnings Call. At this time all lines are in a listen-only mode.

Verra Mobility Corp (VRRM) Q1 2024 Earnings Call Transcript

VERRA MOBILITY CORP (VRRM) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.26 per share a year ago.

VERRA MOBILITY CORP (VRRM) Surpasses Q1 Earnings and Revenue Estimates

Total revenue of $209.7 million Net income of $29.1 million Generated cash flows from operations of $34.3 million Increasing 2024 financial guidance MESA, Ariz. , May 2, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the first quarter ended March 31, 2024.

Verra Mobility Announces First Quarter 2024 Financial Results

MESA, Ariz. , April 23, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the first quarter ended March 31, 2024, after market close on May 2, 2024.

Verra Mobility Schedules First Quarter 2024 Earnings Call

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Verra Mobility Corporation (Nasdaq: VRRM) (f/k/a Gores Holdings II, Inc.) concerning the Company and its directors' and officers' possible violations of state laws. If you own Verra Mobility stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Ave.

Glancy Prongay & Murray LLP Announces Investigation of Verra Mobility Corporation (VRRM) (f/k/a Gores Holdings II, Inc.)

National Instruments

MESA, Ariz. , April 22, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced the appointment of Cate Prescott as the company's Executive Vice President and Chief People Officer.

Verra Mobility appoints Cate Prescott as Chief People Officer

Assa Abloy AB

Investors interested in stocks from the Security and Safety Services sector have probably already heard of Assa Abloy AB (ASAZY) and VERRA MOBILITY CORP (VRRM). But which of these two stocks presents investors with the better value opportunity right now?

ASAZY vs. VRRM: Which Stock Is the Better Value Option?

Verra Mobility will take an active role in the development of open standards and technology for connected vehicles as part of trusted global alliance of automotive experts MESA, Ariz. , April 9, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it has joined the Connected Vehicle Systems Alliance, also known as COVESA.

Verra Mobility Joins Connected Vehicle Systems Alliance (COVESA)

AvidXchange Holdings

LiveRamp Holdings Inc

The Russell 2000 Index is constituted of approximately 2,000 of America's small-cap companies. At the time of this writing, there are 1,957 holdings in the index, as some disappear due to mergers, bankruptcy, and other corporate events.

Wall Street's Favorite Russell 2000 Stocks? 3 Names That Could Make You Filthy Rich

NEW YORK , March 5, 2024 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Verra Mobility Corporation (NASDAQ: VRRM) resulting from allegations that Verra may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Verra securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

VRRM LOSS ALERT: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Verra Mobility Corporation Investors to Inquire About Securities Class Action Investigation - VRRM

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Verra Mobility Corporation (NASDAQ: VRRM) resulting from allegations that Verra may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Verra securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Verra Mobility Corporation Investors to Inquire About Securities Class Action Investigation – VRRM

MESA, Ariz. , March 1, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and Chief Executive Officer and Craig Conti, Chief Financial Officer, are scheduled to participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5, 2024, at 1:20 p.m.

Verra Mobility to Participate in the Morgan Stanley Technology, Media & Telecom Conference

Verra Mobility Corporation (VRRM) Q4 2023 Earnings Call Transcript

Full year 2023 revenue of $817.3 million Full year 2023 net income of $57.0 million Full year 2023 cash flows from operations of $206.1 million MESA, Ariz. , Feb. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2023.

Verra Mobility Announces Fourth Quarter and Full Year 2023 Financial Results

Program aims to change driver behavior to slow down in school zones MESA, Ariz. , Feb. 27, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility solutions, announces a partnership with the Town of Davie, Florida, to implement innovative safety solutions that will help protect schoolchildren when traveling to and from school.

Verra Mobility partners with Florida community to deliver school zone safety solutions

MESA, Ariz. , Feb. 22, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the fourth quarter ended December 31, 2023, after market close on February 29, 2024.

Verra Mobility Schedules Fourth Quarter 2023 Earnings Call

Mr. Ratnakar brings decades of experience leading corporate strategy and M&A for large industrial and technology companies. MESA, Ariz.

Verra Mobility Announces Appointment of Raj Ratnakar to Its Board of Directors

Report details company's strategy built on three core responsibility focus areas: Planet, People and Governance MESA, Ariz. , Jan. 29, 2024 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it published its inaugural Corporate Responsibility Report, detailing the Company's environmental, social and governance initiatives.

Verra Mobility Releases Inaugural Corporate Responsibility Report

Verra Mobility reported solid Q3 results, driven by increased travel, cashless tolls, and government initiatives for highway safety. Recent California legislation could present a significant growth opportunity for the firm. VRRM stock remains a "Buy" given its strong execution and growth potential.

Verra Mobility: Recent California Legislation Could Be Next Big Opportunity

Verra Mobility recently posted decent quarterly results with a 6.2% increase in revenue. The company has potential for growth once domestic travel picks up, but investing at current high levels may not be rewarding. Technical analysis suggests a possible correction in the stock, so caution is advised before buying.

Verra Mobility: Good Growth Potential

More speeding violations occur on Thanksgiving Day during the holiday weekend - the busiest travel period of the year MESA, Ariz., Nov. 21, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, released data from its proprietary U.S. traffic safety systems showing the most red-light violations during the holiday weekend occurred on the Wednesday before Thanksgiving, while the most speeding violations occurred on Thanksgiving Day.

Thanksgiving weekend traffic data shows red-light running is most prevalent on Wednesdays

MESA, Ariz., Nov. 20, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that David Roberts, President and Chief Executive Officer and Craig Conti, Chief Financial Officer, are scheduled to participate in a fireside chat at the UBS Global Technology Conference on Tuesday, November 28, 2023 at 10:15am MT (12:15pm ET).

News for Verra Mobility Corp Stock (VRRM)