Verra Mobility Q2 revenue $204.5M (+9% YoY); raises FY2023 guidance

VERRA MOBILITY Corp

2023-Q2 EPS reported $0.16 revenue$49,855,000

Revenue $204.5M (+9% YoY); net income $19.1M vs $29.6M, diluted EPS $0.13 vs $0.15.
Adjusted EPS $0.29 vs $0.27; Adjusted EBITDA $95.0M (46% margin) vs $88.8M (47%).
Commercial Services revenue $94.5M (+11%), Government Solutions $88.3M (+6%), Parking Solutions $21.8M (+14%).
Raised 2023 financial guidance (specific figures not provided in the release).
Cash from operations $62.7M; cash $210.1M; 17.0M warrants exercised for $105.8M cash proceeds.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VERRA MOBILITY Corp reported the second quarter ended June 30, 2023 results: revenue $204.5 million, net income $19.1 million, EPS $0.13 per share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $204.5 million
Net income: $19.1 million
EPS: $0.13 per share
Guidance: raised
Result: reported results

Exact text from the filing

Verra Mobility Announces Second Quarter 2023 Financial Results • Total revenue of $204.5 million • Net income of $19.1 million • Generated cash flows from operations of $62.7 million • Increasing 2023 financial guidance

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Source: SEC EDGAR

accession 0000950170-23-040620

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