Verra Mobility Q4 2019 Earnings Report
Key Takeaways
Verra Mobility reported Q4 2019 revenue of $112.5 million, up 18.2% compared to Q4 2018. Net income for the fourth quarter of 2019 was $9.2 million, or $0.06 per share. Adjusted EBITDA was $59.6 million for the fourth quarter of 2019, up 26.0% compared to $47.3 million in the fourth quarter of 2018.
Total revenue for the fourth quarter of 2019 was $112.5 million, up 18.2% compared to $95.1 million for the fourth quarter of 2018.
Net income for the fourth quarter of 2019 was $9.2 million, or $0.06 per share, based on 163.9 million diluted weighted average shares outstanding.
Adjusted EBITDA was $59.6 million for the fourth quarter of 2019, up 26.0% compared to $47.3 million in the fourth quarter of 2018.
Commercial Services segment generated total revenue of $68.2 million growing 16.7% over the same period in 2018.
Verra Mobility
Verra Mobility
Verra Mobility Revenue by Segment
Forward Guidance
The strength of our core business and our longer-term smart city initiatives give us confidence in our ability to maintain momentum throughout 2020 and support our vision to be the global leader in smart transportation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income