Announcement • Jun 18
Verra Mobility Corporation Appoints Stacey Moser as Chief Customer Officer, Effective June 17, 2026 Verra Mobility Corporation appointed Stacey Moser as Chief Customer Officer, effective June 17, 2026. In this new role, Moser will lead sales, account management and marketing across Verra Mobility's Commercial Services and Government Solutions businesses, bringing together customer-facing functions under a unified leadership structure. Announcement • Jun 16
Verra Mobility Corporation Announces Resignation of Jonathan Baldwin from Executive Vice President, Government Solutions, Effective July 9, 2026 Verra Mobility Corporation determined that Jonathan Baldwin, Executive Vice President, Government Solutions, would depart from the Company on July 9, 2026. Mr. Baldwin was expected to remain in his position with the Company until his departure date. Announcement • Jun 09
Verra Mobility Corporation Forms Transformation Committee Verra Mobility Corporation reported that on June 5, 2026, the Board of Directors formed a Transformation Committee of the Board to oversee implementation of the Company's transformation initiative to better position the Company's business for long-term growth. The Transformation Committee will support management's review and execution of the Company's business and financial strategies, cost structure optimization, growth opportunities, capital allocation strategy and priorities, portfolio composition of business units, financing activities, and annual capital expenditure plans and budgets, and make recommendations to the Board on matters related thereto. The Transformation Committee comprises Raj Ratnakar, who will serve as chairperson, as well as Douglas Davis and John Rexford. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.48, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Professional Services industry in Europe. Total loss to shareholders of 80% over the past three years. New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risk High level of debt (368% net debt to equity). New Risk • May 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk High level of debt (368% net debt to equity). Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Raj Ratnakar was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 17
Verra Mobility Corporation Launches AutoKinex™ Virtual Agent Verra Mobility Corporation announced the launch of its AutoKinex™ Virtual Agent, a digital solution designed specifically for rental car companies to allow customers to finish the checkout process, and activate add-on services directly from the vehicle, streamlining the rental experience for renters and agents. Powered by Verra Mobility's AutoKinex™ connected vehicle payments platform, Virtual Agent enables rental car customers to complete key steps of the rental experience directly through the vehicle's infotainment system. Once inside the car, renters can review key rental details and confirm or modify add-on services such as prepaid fuel, tolling or insurance coverage without returning to the rental counter. By shifting traditionally manual, counter-based interactions into the vehicle, Virtual Agent helps rental car companies reduce counter congestion, lower costs and deliver a faster, more frictionless digital experience for customers. The solution also enables rental providers to provide contextual notifications through the vehicle's infotainment system to drivers during their journey, offering timely prompts such as reminding customers to refuel before return or opt into a fuel program, helping drive incremental ancillary service revenue while improving customer experience. Virtual Agent leverages AutoKinex's intelligent workflow automation to guide customers step-by-step through the rental process, ensuring accuracy and clarity. The solution integrates seamlessly with existing rental systems and is designed to scale across fleets and locations. Key benefits of the system include: Counter-bypass enablement, reducing lines and wait times at rental facilities; In-vehicle completion of rental agreement add-on preferences; Improved customer experience through guided, self-service interactions; Operational efficiency by minimizing manual processing and staff involvement; Integrated, compliant workflows powered by AutoKinex automation. Announcement • Apr 16
Verra Mobility Corporation to Report Q1, 2026 Results on May 06, 2026 Verra Mobility Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 Announcement • Apr 07
Verra Mobility Corporation, Annual General Meeting, May 19, 2026 Verra Mobility Corporation, Annual General Meeting, May 19, 2026. Announcement • Feb 25
Verra Mobility Corporation Provides Earnings Guidance for the Full Year 2026 Verra Mobility Corporation provided earnings guidance for the full year 2026. For the year, the company expects Total Revenue of $1,020 million to $1,030 million. Announcement • Feb 09
Verra Mobility Corporation to Report Q4, 2025 Results on Feb 24, 2026 Verra Mobility Corporation announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Announcement • Nov 22
Verra Mobility Corporation Announces the Launch of AutoKinex Verra Mobility Corporation announced the launch of AutoKinex™?, its OEM-ready, in-vehicle commerce platform that integrates payment technology to pay for mobility services like tolling, road usage charging, parking, fueling and EV charging. Verra Mobility has partnered with Stellantis to provide AutoKinex to drivers of 2021 model year and newer Chrysler, Dodge, Jeep®? and Ram vehicles in the U.S. Drivers can learn more and verify whether their vehicle manufacturer has enabled the AutoKinex platform by visiting autokinex.com. For all other automotive brands, drivers can enroll to use the service for automated toll payments, without in-vehicle display notifications. Built on Verra Mobility's 20-year expertise in tolling and connected mobility, AutoKinex transforms vehicles by enabling seamless, secure transactions directly from the car, without additional hardware or mobile apps. Payments are processed instantly and securely, while real-time charges are displayed in the vehicle, if enabled, giving drivers a transparent and frictionless commerce experience. Using AutoKinex as a service, drivers of compatible vehicles can pass through most toll plazas nationwide without stopping or needing to track down local tolling authority websites to register and make payment. If users frequent gated tolling locations that require a transponder, Verra Mobility will provide one at no charge. AutoKinex verifies the location of the vehicle in relation to the toll site, matches that to the tolling agency's rates and automatically pays the toll on behalf of the driver. Drivers will see a confirmation of the toll rate in the vehicle's infotainment screen, if enabled. Announcement • Oct 16
Verra Mobility Corporation to Report Q3, 2025 Results on Oct 29, 2025 Verra Mobility Corporation announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Jul 16
Verra Mobility Corporation to Report Q2, 2025 Results on Aug 06, 2025 Verra Mobility Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • Jul 03
Verra Mobility Corporation Appoints Stacey Moser as Executive Vice President, Effective July 21, 2025 Verra Mobility Corporation announced that Stacey Moser has been appointed as Executive Vice President and General Manager of the company's Commercial Services business unit, effective July 21, 2025. Ms. Moser is a senior executive with more than 25 years of experience leading global commercial, product management, and engineering functions. She most recently served as Chief Commercial Officer (CCO) at Universal Robots, a leading provider of collaborative robotics. Her experience spans Fortune 100 companies such as GE Digital and Texas Instruments, as well as other industry leaders including Teradyne, Fortive, and Motorola. Ms. Moser will succeed Steve Lalla, who has led the Commercial Services business since February 2021. Ms. Moser built her career across the technology, mobility, and infrastructure markets, with deep expertise in market development, go-to-market strategy, product development, and LEAN operational excellence. As CCO at Universal Robots, Ms. Moser led global commercial strategy, sales, and market expansion with a focus on scaling revenue and transforming go-to-market strategy. Prior to that, she served as the CCO of GE Digital's power grid automation software business. Announcement • Jun 30
Verra Mobility Corporation(NasdaqCM:VRRM) dropped from Russell 2000 Dynamic Index Verra Mobility Corporation(NasdaqCM:VRRM) dropped from Russell 2000 Dynamic Index Announcement • May 08
Verra Mobility Corporation Reaffirms Earnings Guidance for the Full Year 2025 Verra Mobility Corporation reaffirmed earnings guidance for the full year 2025. For the period, the company expects total Revenue of $925 million to $935 million. Announcement • Apr 23
Verra Mobility Corporation to Report Q1, 2025 Results on May 07, 2025 Verra Mobility Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Apr 09
Verra Mobility Corporation, Annual General Meeting, May 20, 2025 Verra Mobility Corporation, Annual General Meeting, May 20, 2025. Announcement • Feb 28
Verra Mobility Corporation Announces Impairment Charges for the Fourth Quarter Ended December 31, 2024 Verra Mobility Corporation announced impairment charges for the fourth quarter ended December 31, 2024. For the quarter, the company reported Goodwill impairment of $97,076,000. Announcement • Feb 05
Verra Mobility Corporation to Report Q4, 2024 Results on Feb 27, 2025 Verra Mobility Corporation announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Announcement • Nov 02
Verra Mobility Corporation Reaffirms Earnings Guidance for the Year 2024 Verra Mobility Corporation reaffirmed earnings guidance for the year 2024. For the year, the company expects Total revenue of $865 million to $880 million. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.21 (vs US$0.18 in 3Q 2023) Third quarter 2024 results: EPS: US$0.21 (up from US$0.18 in 3Q 2023). Revenue: US$225.6m (up 7.4% from 3Q 2023). Net income: US$34.7m (up 15% from 3Q 2023). Profit margin: 15% (up from 14% in 3Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Announcement • Oct 10
Verra Mobility Corporation to Report Q3, 2024 Results on Oct 31, 2024 Verra Mobility Corporation announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.21 (vs US$0.13 in 2Q 2023) Second quarter 2024 results: EPS: US$0.21 (up from US$0.13 in 2Q 2023). Revenue: US$222.4m (up 8.8% from 2Q 2023). Net income: US$34.2m (up 79% from 2Q 2023). Profit margin: 15% (up from 9.3% in 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Announcement • Jul 17
Verra Mobility Corporation to Report Q2, 2024 Results on Aug 08, 2024 Verra Mobility Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 New Risk • Jun 07
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €222k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). Significant insider selling over the past 3 months (€222k sold). Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Raj Ratnakar was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.17 (vs US$0.031 in 1Q 2023) First quarter 2024 results: EPS: US$0.17 (up from US$0.031 in 1Q 2023). Revenue: US$209.7m (up 9.3% from 1Q 2023). Net income: US$29.1m (up US$24.6m from 1Q 2023). Profit margin: 14% (up from 2.4% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Announcement • May 03
Verra Mobility Corporation Revises Earnings Guidance for the Year 2024 Verra Mobility Corporation revised earnings guidance for the year 2024. For the year, the company expected total revenue to be upper-end of range of previously provided guidance of $865 million to $880 million. Announcement • Apr 24
Verra Mobility Corporation to Report Q1, 2024 Results on May 02, 2024 Verra Mobility Corporation announced that they will report Q1, 2024 results After-Market on May 02, 2024 Announcement • Apr 09
Verra Mobility Corporation, Annual General Meeting, May 21, 2024 Verra Mobility Corporation, Annual General Meeting, May 21, 2024, at 09:00 Pacific Standard Time. Agenda: To elect two Class III directors, Michael Huerta and Raj Ratnakar, to serve on Board until our 2027 annual meeting of stockholders; to approve, on an advisory basis, the compensation of our named executive officers; and to ratify the selection of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2024. New Risk • Mar 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.0% net profit margin). Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Mar 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.0% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Mar 01
Verra Mobility Corporation Provides Earnings Guidance for the Year 2024 Verra Mobility Corporation provided earnings guidance for the year 2024. For the year, the company expects Total revenue of $865 million to $880 million. Announcement • Feb 23
Verra Mobility Corporation to Report Q4, 2023 Results on Feb 29, 2024 Verra Mobility Corporation announced that they will report Q4, 2023 results After-Market on Feb 29, 2024 Announcement • Feb 20
Verra Mobility Appoints Raj Ratnakar to Its Board of Directors Verra Mobility Corporation announced Raj Ratnakar has been appointed as a new independent director on the company's Board of Directors. Mr. Ratnakar fills the vacancy after Sarah Farrell resigned from the Board on February 15, 2024. Mr. Ratnakar served as Senior Vice President and Chief Strategy Officer for DuPont from 2019 to 2023, where he was responsible for company-wide strategy, mergers and acquisitions, and business performance improvements. He is currently an independent advisor, partnering with leading private equity investing teams to pursue M&A targets and oversee portfolio company operating performance. Prior to joining DuPont, Mr. Ratnakar served as Chief Strategy Officer for Fortive. He played a leadership role in designing and executing the spin-off and shaping the new company's diverse portfolio. Mr. Ratnakar's professional experience also includes senior corporate strategy roles at Danaher and TE Connectivity. He held a consulting leadership role at McKinsey & Company where he focused on large telecommunications and technology clients, and he spent the first 10 years of his career as an entrepreneur, building and growing software companies in the telecom and e-commerce markets. Mr. Ratnakar earned his MBA from The Wharton School, University of Pennsylvania, and a Master's of Science degree in Mechanical Engineering from the University of Maryland. Buying Opportunity • Jan 06
Now 21% undervalued Over the last 90 days, the stock is up 8.4%. The fair value is estimated to be €24.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 75%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Announcement • Nov 12
Verra Mobility Corporation Revises Earnings Guidance for the Full Year 2023 Verra Mobility Corporation revised earnings guidance for the full year 2023. For the year, the company expected total revenue to be Upper-end of prior range of $800 million to $810 million. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.18 (vs US$0.16 in 3Q 2022) Third quarter 2023 results: EPS: US$0.18 (up from US$0.16 in 3Q 2022). Revenue: US$209.9m (up 6.2% from 3Q 2022). Net income: US$30.3m (up 23% from 3Q 2022). Profit margin: 14% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Announcement • Nov 03
Verra Mobility Corporation to Report Q3, 2023 Results on Nov 09, 2023 Verra Mobility Corporation announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Recent Insider Transactions • Aug 20
Executive VP & CFO recently sold €402k worth of stock On the 17th of August, Craig Conti sold around 23k shares on-market at roughly €17.60 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Craig's only on-market trade for the last 12 months. New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Aug 10
Verra Mobility Corporation Revises Earnings Guidance for the Full Year 2023 Verra Mobility Corporation revised earnings guidance for the full year 2023. For the period, the company revised total revenue to $800 million to $810 million from previous guidance range of $780 million to $800 million. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.13 (vs US$0.19 in 2Q 2022) Second quarter 2023 results: EPS: US$0.13 (down from US$0.19 in 2Q 2022). Revenue: US$204.5m (up 9.1% from 2Q 2022). Net income: US$19.1m (down 36% from 2Q 2022). Profit margin: 9.3% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Announcement • Aug 01
Verra Mobility Corporation to Report Q2, 2023 Results on Aug 09, 2023 Verra Mobility Corporation announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Recent Insider Transactions • May 10
Insider recently sold €135k worth of stock On the 8th of May, Steven Lalla sold around 9k shares on-market at roughly €15.79 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • May 06
Verra Mobility Corporation Reaffirms Earnings Guidance for the Fiscal Year 2023 Verra Mobility Corporation reaffirmed earnings guidance for the fiscal year 2023. For the period, the company reaffirms total revenue of $780 million to $800 million. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.031 (vs US$0.064 in 1Q 2022) First quarter 2023 results: EPS: US$0.031 (down from US$0.064 in 1Q 2022). Revenue: US$191.9m (up 13% from 1Q 2022). Net income: US$4.58m (down 54% from 1Q 2022). Profit margin: 2.4% (down from 5.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Buying Opportunity • Mar 13
Now 24% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €20.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$0.60 (vs US$0.26 in FY 2021) Full year 2022 results: EPS: US$0.60 (up from US$0.26 in FY 2021). Revenue: US$741.6m (up 35% from FY 2021). Net income: US$92.5m (up 123% from FY 2021). Profit margin: 13% (up from 7.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in Germany. Announcement • Feb 11
Verra Mobility Corporation to Report Q4, 2022 Results on Mar 01, 2023 Verra Mobility Corporation announced that they will report Q4, 2022 results After-Market on Mar 01, 2023 Announcement • Dec 17
Verra Mobility Corporation Appoints Jon Keyser as Executive Vice President and Chief Legal Officer, Effective December 19, 2022 Verra Mobility Corporation announced the appointment of Jon Keyser as Executive Vice President and Chief Legal Officer, effective December 19, 2022. Mr. Keyser joins Verra Mobility from Honeywell International Inc., where he served as Vice President and General Counsel for Honeywell's Performance Materials and Technology (PMT) business division. As Chief Legal Officer at Verra Mobility, Mr. Keyser will be responsible for legal operations, litigation, corporate governance, compliance and government relations. Mr. Keyser's previous roles at Honeywell included serving as General Counsel of Honeywell UOP. Prior to Honeywell, Mr. Keyser was the Assistant General Counsel at Harley-Davidson Inc., where he managed a team responsible for all commercial legal, litigation and product regulatory matters. He also was an attorney at Hogan Lovells global law firm where he focused on mergers and acquisitions. Mr. Keyser served as an Intelligence Officer in the United States Air Force. Mr. Keyser earned his Bachelor of Science in Political Science from the United States Air Force Academy and his Juris Doctor from the University of Denver. He is a former member of the Board of Directors for the U.S. Air Force Academy Foundation. Announcement • Nov 22
Verra Mobility Corporation (NasdaqCM:VRRM) announces an Equity Buyback for $100 million worth of its shares. Verra Mobility Corporation (NasdaqCM:VRRM) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its Class A common stock. The plan is valid for 18 months. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €13.10, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the IT industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €25.98 per share. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.16 (vs US$0.17 in 3Q 2021) Third quarter 2022 results: EPS: US$0.16 (down from US$0.17 in 3Q 2021). Revenue: US$197.7m (up 22% from 3Q 2021). Net income: US$24.6m (down 10.0% from 3Q 2021). Profit margin: 12% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Announcement • Nov 03
Verra Mobility Corporation Provides Revenue Guidance Verra Mobility Corporation provided Total revenue guidance at the higher end of the previously guided range of $720 million to $740 million. Announcement • Oct 20
Verra Mobility Corporation to Report Q3, 2022 Results on Nov 02, 2022 Verra Mobility Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022 Announcement • Aug 23
Verra Mobility Corporation Announces Resignation of Rebecca Collins as General Counsel, Effective September 16, 2022 On August 16, 2022, Rebecca Collins notified Verra Mobility Corporation of her intent to resign from her position as General Counsel of the Company effective September 16, 2022. Ms. Collins’ resignation was not the result of any disagreement with the Company or its Board of Directors on any matter relating to the Company’s operations, policies or practices. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.025 in 2Q 2021) Second quarter 2022 results: EPS: US$0.19 (up from US$0.025 in 2Q 2021). Revenue: US$187.5m (up 46% from 2Q 2021). Net income: US$29.6m (up US$25.6m from 2Q 2021). Profit margin: 16% (up from 3.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 16% growth forecast for the industry in Germany. Board Change • Jul 31
High number of new directors Independent Director Sarah Farrell was the last director to join the board, commencing their role in 2022. Announcement • Jul 23
Verra Mobility Corporation to Report Q2, 2022 Results on Aug 03, 2022 Verra Mobility Corporation announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Announcement • Jul 20
Verra Mobility Corporation Revises Revenue Guidance for the Full Year 2022 Verra Mobility Corporation revised revenue guidance for the full year 2022. For the year, the company expected total revenue to be $720 million to $740 million as compared to prior guidance of $715 million. Announcement • Jul 19
Verra Mobility Commercial Services Accelerates Fleet Mobility with New Solutions and Partnerships Verra Mobility Corporation announced new solutions and capabilities that improve efficiencies, reduce costs and enhance compliance for commercial fleet customers. Verra Mobility's Commercial Services business expands its portfolio of industry-leading offerings with a new nationwide toll management solution using a single device and new payment solutions and transaction capabilities for connected vehicles via strategic partnerships. Verra Mobility unveils TollLink™, a nationwide toll management solution that leverages a single device and connects fleets operating across the U.S. with regional toll savings at scale. Developed to simplify toll management for fleet vehicles that frequently toll across regions, TollLink eliminates the need for fleets to acquire multiple transponder devices and manage multiple toll accounts. The new fleet offering simplifies operations, reduces tolling expenses, and enables fleets to travel without friction across toll regions in the U.S. Verra Mobility and Car IQ, an innovative payment solution for connected fleets, signed an agreement to enable toll payment integration with the Car IQ vehicle payment platform. The Car IQ platform enables vehicles to automatically conduct secure and autonomous transactions with payment networks, banks and merchants. Through this partnership, Car IQ can provide the power of Verra Mobility's comprehensive tolling solution to their growing customer base. In collaboration with California toll agency, Transportation Corridor Agencies (TCA), Verra Mobility is exploring potential uses of connected vehicle and blockchain technology to automate tolling transactions to enhance accurate and transparent tolling for private, rental and leased vehicles. Topics under study include the ability to instantly record tolling transactions and accurately determine miles driven across multiple networks and toll rates. Verra Mobility has entered into a commercial agreement with Reviver, the industry pioneer of digital license plates, to enable processing of Title and Registration transactions for digital plates. Verra Mobility's modernized Title and Registration platform will process critical vehicle compliance transactions for Reviver's digital license plate fleet customers. As part of the partnership, Reviver will also be able to offer industry-leading toll management solutions through their fleet sales channels. Verra Mobility's toll management services are used by major fleet owners, operators and managers to conveniently and automatically pay tolls for more than 5.8 million vehicles globally while also protecting vehicle owners against costly toll fines and burdensome administrative tasks. The company's proprietary software technology allows for tolls to be matched to a specific vehicle and driver so that tolls can be accurately and reliably billed and collected on behalf of, or directly from, its customers. Announcement • Jul 15
Scopia Capital Management LP Sent a Letter to Verra Mobility Corporation On July 14, 2022, Scopia Capital Management LP sent a letter to Verra Mobility Corporation, expressing his concerns about the Company’s stock price performance and valuation. In addition, Scopia Capital Management LP stated that it intends to work together with the Company board. Board Change • May 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Sarah Farrell was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.