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Dec 31, 2020
Verra Mobility Q4 2020 Earnings Report
Reported a decrease in revenue and net loss compared to the same period last year, but highlighted growth in the Government Solutions segment and the strategic acquisition of Redflex.
Key Takeaways
Verra Mobility reported Q4 2020 financial results, with a total revenue of $100.2 million, down 11% compared to Q4 2019. The company experienced a net loss of $(1.4) million, compared to a net income of $9.2 million in the same period last year. Adjusted EBITDA was $45.8 million, compared to $59.6 million for the same period last year. The company is excited about the strategic acquisition of Redflex and the value it will add to our Government Solutions segment
Total revenue for Q4 2020 was $100.2 million, an 11% decrease compared to Q4 2019.
Net loss for Q4 2020 was $(1.4) million, or $(0.01) per share.
Adjusted EBITDA for Q4 2020 was $45.8 million, compared to $59.6 million for the same period last year.
Government Solutions segment revenue grew 17% compared to the same period in 2019.
Revenue by Segment
Forward Guidance
The company anticipates that the impact from COVID-19 will result in year over year revenue declines through March 2021.
Challenges Ahead
- Anticipates that the impact from COVID-19 will result in year over year revenue declines through March 2021.
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
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