Verra Mobility Corp (OQ:VRRM)

Sector:  Industrials Industry:  Business Support Services
See Regulatory Filings on SEC
Company Contact
Address: 1150 N Alma School Rd
MESA AZ 85201-3000
Tel: N/A
IR: See website
Key People
David K. Roberts
President, Chief Executive Officer, Director
Craig C. Conti
Chief Financial Officer, Executive Vice President
Norman Blake
President of T2 Systems
Katrina Sevier
Chief People Officer
Jonathan Baldwin
Executive Vice President - Government Solutions
Jonathan Keyser
Executive Vice President, Chief Legal Officer
Steve Lalla
Executive Vice President - Commercial Services
Business Overview
Verra Mobility Corporation provides smart mobility technology solutions across the United States, Australia, Europe and Canada. The Company has three segments. Commercial Services segment is a provider of automated toll and violations management, and title and registration solutions to rental car companies (RACs) and fleet management companies (FMCs) and other large fleet owners in North America. In Europe, the segment provides violations processing through Euro Parking Collection plc and consumer tolling services through Pagatelia S.L.U. Government Solutions segment is a provider of automated safety solutions in the United States, Canada and Australia to state and local governments. In the United States, the segment provides government agencies with road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. Parking Solutions segment provides an end-to-end commercial parking management solutions in the markets of North America.
Financial Overview
For the fiscal year ended 31 December 2023, Verra Mobility Corp revenues increased 10% to $817.3M. Net income decreased 38% to $57M. Revenues reflect Commercial Services segment increase of 14% to $372.8M, Government Solutions segment increase of 6% to $358.4M. Net income was offset by Operating expenses - Balancing value increase of 21% to $272.5M (expense), Change in fair value of private placemen decrease from $14.4M (income) to $25M (expense).
Employees: 1,788 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,581M as of Dec 31, 2023
Annual revenue (TTM): $817.31M as of Dec 31, 2023
EBITDA (TTM): $302.06M as of Dec 31, 2023
Net annual income (TTM): $57.02M as of Dec 31, 2023
Free cash flow (TTM): $148.62M as of Dec 31, 2023
Net Debt Last Fiscal Year: $901.82M as of Dec 31, 2023
Shares outstanding: 166,020,564 as of Feb 24, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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