NASDAQ$VRRM

Verra Mobility Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a decrease in revenue and net loss compared to the same period last year, but highlighted growth in the Government Solutions segment and the strategic acquisition of Redflex.

Verra Mobility reported Q4 2020 financial results, with a total revenue of $100.2 million, down 11% compared to Q4 2019. The company experienced a net loss of $(1.4) million, compared to a net income of $9.2 million in the same period last year. Adjusted EBITDA was $45.8 million, compared to $59.6 million for the same period last year. The company is excited about the strategic acquisition of Redflex and the value it will add to our Government Solutions segment

  • Total revenue for Q4 2020 was $100.2 million, an 11% decrease compared to Q4 2019.
  • Net loss for Q4 2020 was $(1.4) million, or $(0.01) per share.
  • Adjusted EBITDA for Q4 2020 was $45.8 million, compared to $59.6 million for the same period last year.
  • Government Solutions segment revenue grew 17% compared to the same period in 2019.

Headline financials

Total Revenue

$100M

Previous: $112M-10.9%
EPS (adj)

-$0.01

Previous: $0.06-116.7%
Adjusted EBITDA

$45.8M

Previous: $59.6M-23.2%
Capital Expenditures

$5.94M

Previous: $12.2M-51.3%
Free Cash Flow

-$3.38M

Previous: $26M-113.0%
Net Income

-$1.42M

Previous: $9.2M-115.4%
Operating Income

$10.1M

Previous: $24.2M-58.3%
Gross Profit

$94.6M

Previous: $108M-12.2%
Cash & Equivalents

$120M

Previous: $132M-8.6%
Total Assets

$1.37B

Previous: $1.41B-2.8%
Stock-Based Comp

$3.4M

Previous: $2.59M+31.4%

Revenue & EPS history

Verra Mobility · Revenue · Quarterly

$100M

Q4 2020-10.9%vs Q4 2019
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Revenue by segment

Verra Mobility · $100M total across 2 segments · Q4 2020

  • Government Solutions
    $52M+17.4%
  • Commercial Services
    $48.2M-29.3%

Forward guidance

The company anticipates that the impact from COVID-19 will result in year over year revenue declines through March 2021.

Headwinds

  • Anticipates that the impact from COVID-19 will result in year over year revenue declines through March 2021.

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 2020

Historical avgQ4 2020

+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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