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.
The company is reiterating its 2022 financial guidance issued on March 31, 2022.
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