Loading...
•
Dec 31, 2019
Verra Mobility Q4 2019 Earnings Report
Financial results for the quarter and full year ended December 31, 2019 were announced.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...