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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.
Verra Mobility
Verra Mobility
Verra Mobility Revenue by Segment
Revenue by Segment
Commercial Services Revenue
CapyFin.comGovernment Solutions Revenue
CapyFin.com 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