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Dec 31, 2021
Verra Mobility Q4 2021 Earnings Report
Reported strong financial results driven by growth in both service revenue and product sales.
Key Takeaways
Verra Mobility Corporation announced its Q4 2021 financial results, reporting a 70% increase in revenue to $169.9 million compared to the same period in 2020. Net income for the quarter was $19.1 million, or $0.12 per share, and adjusted EPS was $0.25 per share. Adjusted EBITDA was $79.9 million, representing 47% of total revenue.
Total revenue for the fourth quarter of 2021 was $169.9 million, a 70% increase compared to $100.2 million for the fourth quarter of 2020.
Net income for the fourth quarter of 2021 was $19.1 million, or $0.12 per share.
Adjusted EPS for the fourth quarter of 2021 was $0.25 per share compared to $0.13 per share for the fourth quarter of 2020.
Adjusted EBITDA was $79.9 million for the fourth quarter of 2021 compared to $45.8 million for the same period last year.
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
The company is reiterating its 2022 financial guidance issued on March 31, 2022.
Positive Outlook
- Service revenue $635 million - $652 million
- Product sales $59 million - $63 million
- Total revenue $694 million - $715 million
- Adjusted EBITDA $312 million - $322 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income