secwatch.observer — SEC 8-K summary
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Issuer:     VERRA MOBILITY Corp (VRRM)
CIK:        0001682745
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000950170-24-023081
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verra Mobility Q4 rev $211M (+13%), FY rev $817M (+10%); GAAP net income down on $31.5M legal accrual
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- Q4 revenue $211.0M (+13% YoY); Q4 adj EBITDA $91.3M vs $83.6M.
- FY 2023 revenue $817.3M (+10%); adj EBITDA $371.5M (+9.7%).
- GAAP net income $57.0M ($0.36) vs $92.5M ($0.50), hit by $31.5M PlusPass litigation accrual.
- Commercial Services rev +16%, Government Solutions +11% (profit down on write-down), Parking +13%.
- New $100M share repurchase program; cash from operations $206.1M; $136.3M cash on hand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682745/000095017024023081/0000950170-24-023081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682745/000095017024023081/vrrm-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-023081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer