NASDAQ$VRRM

Verra Mobility Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Financial results for the quarter and full year ended December 31, 2019 were announced.

Verra Mobility reported Q4 2019 revenue of $112.5 million, up 18.2% compared to Q4 2018. Net income for the fourth quarter of 2019 was $9.2 million, or $0.06 per share. Adjusted EBITDA was $59.6 million for the fourth quarter of 2019, up 26.0% compared to $47.3 million in the fourth quarter of 2018.

  • Total revenue for the fourth quarter of 2019 was $112.5 million, up 18.2% compared to $95.1 million for the fourth quarter of 2018.
  • Net income for the fourth quarter of 2019 was $9.2 million, or $0.06 per share, based on 163.9 million diluted weighted average shares outstanding.
  • Adjusted EBITDA was $59.6 million for the fourth quarter of 2019, up 26.0% compared to $47.3 million in the fourth quarter of 2018.
  • Commercial Services segment generated total revenue of $68.2 million growing 16.7% over the same period in 2018.

Headline financials

Total Revenue

$112M

Previous: $95.1M+18.2%
EPS (adj)

$0.06

Previous: -$0.38+115.8%
Adjusted EBITDA

$59.6M

Previous: $47.3M+26.0%
Adjusted EBITDA Margin

53.0%

Previous: 49.7%+6.6%
Capital Expenditures

$12.2M

Previous: $6.95M+75.3%
Free Cash Flow

$26M

Previous: $37M-29.7%
Net Income

$9.2M

Previous: -$38M+124.2%
Operating Income

$24.2M

Previous: -$18.1M+233.6%
Gross Profit

$108M

Previous: $92.5M+16.5%
Cash & Equivalents

$132M

Previous: $65M+102.2%
Total Assets

$1.41B

Previous: $1.34B+4.7%
Stock-Based Comp

$2.59M

Previous: $2.27M+13.8%

Revenue & EPS history

Verra Mobility · Revenue · Quarterly

$112M

Q4 2019+18.2%vs Q4 2018
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

Verra Mobility · $113M total across 2 segments · Q4 2019

  • Commercial Services
    $68.2M+16.8%
  • Government Solutions
    $44.3M+20.7%

Forward guidance

The strength of our core business and our longer-term smart city initiatives give us confidence in our ability to maintain momentum throughout 2020 and support our vision to be the global leader in smart transportation.

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 Q4 2019

Historical avgQ4 2019

+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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