Verra Mobility (VRRM) Reports Q4 Revenues Below Estimates

Verra Mobility (NASDAQ: VRRM) reported Q4 EPS of $. Revenue for the quarter came in at $95.1 million versus the consensus estimate of $98.3 million.

"We are pleased with our execution during the fourth quarter and fiscal year 2018; this was an outstanding and transformative year for the Company. We closed two highly strategic acquisitions and became a publicly traded company through the SPAC transaction with Gores Holdings II," said David Roberts, Chief Executive Officer of Verra Mobility. "I could not be prouder of the team and the hard work that was accomplished to make this transformation seamless."

Fourth Quarter 2018 Financial Highlights

• Revenues of $95.1 million
• Net loss of $38.0 million
• Adjusted EBITDA of $47.3 million, representing 49.7% of total revenue
• Commercial Services segment generated total revenue of $58.4 million and segment profit of $33.2 million
• Government Solutions segment generated total revenue of $36.7 million and segment profit of $13.1 million
• Cash flow used in consolidated operations was $94,000

For earnings history and earnings-related data on Verra Mobility (VRRM) click here.

You May Also Be Interested In

• Notice to Long-Term Shareholders of Badger Meter, Inc. (NYSE: BMI); GeneDx Holdings Corp. (NASDAQ: WGS); GRAIL, Inc. (NASDAQ: GRAL); and Verra Mobility Corporation (NASDAQ: VRRM): Grabar Law Office i
• Prosperity Bancshares (PB) Reiterated at Overweight by Cantor Fitzgerald as Estimates Revised
• Energy Fuels to acquire rare earth magnet maker VAC for $1.9 billion