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Mar 31, 2023
Verra Mobility Q1 2023 Earnings Report
Verra Mobility's financial performance demonstrated strength in Q1 2023, driven by robust travel demand and strategic investments.
Key Takeaways
Verra Mobility reported a strong first quarter in 2023, with a 13% increase in total revenue to $191.9 million compared to the previous year. The company's net income was $4.6 million, or $0.03 per share, and adjusted EPS was $0.26. The adjusted EBITDA increased to $87.9 million, representing 46% of total revenue.
Total revenue reached $191.9 million, a 13% increase year-over-year.
Net income was reported at $4.6 million, with an EPS of $0.03.
Adjusted EPS increased to $0.26, compared to $0.22 in the previous year.
Adjusted EBITDA was $87.9 million, with a margin of 46%.
Verra Mobility
Verra Mobility
Verra Mobility Revenue by Segment
Revenue by Segment
Commercial Services Revenue
CapyFin.comGovernment Solutions Revenue
CapyFin.comParking Solutions Revenue
CapyFin.com Forward Guidance
Verra Mobility reaffirmed its fiscal year 2023 guidance issued on March 1, 2023.
Positive Outlook
- Total revenue of $780 million to $800 million
- Adjusted EBITDA of $360 million to $370 million
- Adjusted EPS of $1.00 to $1.10
- Free Cash Flow of $135 million to $155 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income