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Mar 31, 2021
Verra Mobility Q1 2021 Earnings Report
Verra Mobility's financial performance for Q1 2021 was announced, showing a decrease in revenue and a net loss compared to the same period in 2020, but with positive adjusted EPS and EBITDA.
Key Takeaways
Verra Mobility reported a decrease in total revenue to $89.9 million, a net loss of $(8.9) million, and an adjusted EPS of $0.12 for Q1 2021. The results were impacted by COVID-19 and variability in a single customer's buying patterns. Adjusted EBITDA was $40.3 million, with a margin of 45%.
Total revenue for Q1 2021 was $89.9 million, a 23% decrease compared to Q1 2020.
Net loss for Q1 2021 was $(8.9) million, or $(0.05) per share.
Adjusted EPS for Q1 2021 was $0.12 per share, compared to $0.19 per share for Q1 2020.
Adjusted EBITDA was $40.3 million for Q1 2021, with a margin of 45%.
Verra Mobility
Verra Mobility
Verra Mobility Revenue by Segment
Revenue by Segment
Commercial Services Revenue
CapyFin.comGovernment Solutions Revenue
CapyFin.com Forward Guidance
The press release contains forward-looking statements regarding the Company’s expected future business and financial performance, and may contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” “will” or similar expressions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income