Verra Mobility Q4 2022 Earnings Report
Key Takeaways
Verra Mobility announced its Q4 2022 financial results, with revenue reaching $186.1 million, a 9% increase compared to Q4 2021. Net income was $28.2 million, or $0.13 per share, compared to $19.1 million, or $0.12 per share in Q4 2021. Adjusted EPS was $0.25 per share, compared to $0.24 per share for the same period last year. Adjusted EBITDA was $83.6 million, compared to $80.0 million for the same period last year.
Total revenue for the fourth quarter of 2022 was $186.1 million, an increase of 9% compared to $170.0 million for the fourth quarter of 2021.
Net income for the fourth quarter of 2022 was $28.2 million, or $0.13 per share.
Adjusted EPS for the fourth quarter of 2022 was $0.25 per share compared to $0.24 per share for the fourth quarter of 2021.
Adjusted EBITDA was $83.6 million for the fourth quarter of 2022 compared to $80.0 million for the same period last year.
Verra Mobility
Verra Mobility
Verra Mobility Revenue by Segment
Forward Guidance
Verra Mobility provided full year 2023 guidance including revenue between $780 million and $800 million, Adjusted EBITDA between $360 million and $370 million, Adjusted EPS between $1.00 and $1.10, and Free Cash Flow between $135 million and $155 million.
Positive Outlook
- Total revenue of $780 million to $800 million
- Adjusted EBITDA of $360 million to $370 million
- Adjusted EPS of $1.00 to $1.10
- Free Cash Flow of $135 million to $155 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income