NASDAQ$VRRM

Verra Mobility Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Verra Mobility's financial performance for Q1 2021 was announced, showing a decrease in revenue and a net loss compared to the same period in 2020, but with positive adjusted EPS and EBITDA.

Verra Mobility reported a decrease in total revenue to $89.9 million, a net loss of $(8.9) million, and an adjusted EPS of $0.12 for Q1 2021. The results were impacted by COVID-19 and variability in a single customer's buying patterns. Adjusted EBITDA was $40.3 million, with a margin of 45%.

  • Total revenue for Q1 2021 was $89.9 million, a 23% decrease compared to Q1 2020.
  • Net loss for Q1 2021 was $(8.9) million, or $(0.05) per share.
  • Adjusted EPS for Q1 2021 was $0.12 per share, compared to $0.19 per share for Q1 2020.
  • Adjusted EBITDA was $40.3 million for Q1 2021, with a margin of 45%.

Headline financials

Total Revenue

$89.9M

Previous: $117M-23.0%
EPS (adj)

$0.12

Previous: $0.15-20.0%
Adjusted EBITDA

$40.3M

Previous: $54.9M-26.6%
Adjusted EBITDA Margin

45.0%

No prior period
Capital Expenditures

-$3.7M

Previous: -$8.14M+54.5%
Free Cash Flow

-$12.6M

Previous: -$1.47M-759.6%
Net Income

-$8.92M

Previous: $6.67M-233.6%
Operating Income

$1.75M

Previous: $19.4M-91.0%
Gross Profit

$59.4M

Previous: $84.5M-29.7%
Cash & Equivalents

$250M

Previous: $114M+119.8%
Total Assets

$1.5B

Previous: $1.37B+9.0%
Stock-Based Comp

$2.91M

Previous: $2.77M+5.1%

Revenue & EPS history

Verra Mobility · Revenue · Quarterly

$89.9M

Q1 2021-23%vs Q1 2020
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

Verra Mobility · $89.9M total across 2 segments · Q1 2021

  • Commercial Services
    $45.7M-25.3%
  • Government Solutions
    $44.2M-20.4%

Forward guidance

The press release contains forward-looking statements regarding the Company’s expected future business and financial performance, and may contain words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” “will” or similar expressions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

-0.7%

Avg return

5 days after

-0.4%

Avg return

30 days after

51%

18 / 35 earnings

Positive

+9.4%

Q1 2024

Best reaction

-18.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%-4.8%-70.3%
Q4 2025-13.6%-10.7%-25.8%
Q3 2025-2.5%-3.0%-7.1%
Q1 2025+9.1%+6.0%+9.7%
Q4 2024-11.8%-16.5%-22.2%
Q3 2024-12.2%-12.2%-10.1%
Q2 2024+0.6%-0.6%-4.3%
Q1 2024+9.4%+11.9%+12.4%
Q4 2023+6.1%+0.2%+15.8%
Q3 2023+4.6%+2.5%+8.2%
Q2 2023-1.4%-5.4%-13.5%
Q1 2023+6.1%+4.5%+12.7%
Q4 2022+3.0%+2.0%-1.8%
Q3 2022-18.7%-22.3%-5.9%
Q2 2022+4.7%-1.3%-4.0%
Q1 2022+7.2%+10.3%+21.7%
Q4 2021-1.9%-6.5%+2.4%
Q3 2021+0.1%+1.4%-8.1%
Q2 2021+6.0%+4.4%-1.8%
Q1 2021-0.2%+1.5%+1.9%
Q4 2020-2.5%+2.2%-5.0%
Q3 2020+0.9%+18.5%+28.0%
Q2 2020+3.2%+2.6%-6.7%
Q1 2020+5.0%+6.0%+30.3%
Q4 2019-3.9%-20.4%-58.5%
Q3 2019+2.7%+0.6%-2.9%
Q2 2019+6.5%+8.6%+10.4%
Q1 2019+3.0%+4.7%+13.6%
Q4 2017-1.9%-2.7%+25.1%
Q2 2018-1.9%-2.7%+25.1%
Q4 2018-1.9%-2.7%+25.1%
Q3 2018+4.4%+3.7%-1.8%
Q1 2018+0.0%-0.2%-0.1%
Q2 2017+0.0%-0.5%-1.1%
Q1 2017-5.6%-3.2%-4.0%

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