Trade Verra Mobility Corp - VRRM CFD

Trade Verra Mobility Corp - VRRM

About Verra Mobility Corp

Verra Mobility Corporation is a provider of smart mobility technology solutions and services throughout the United States, Canada and Europe. The Company offers integrated technology solutions and services, which include toll and violations management, title and registration, automated safety solutions, and other data-driven solutions. The Company is focused on offering its services to rental car companies (RACs), fleet management companies (FMCs), other fleet owners, municipalities, school districts and violation issuing authorities. The Company’s solution is focused on simplifying the smart mobility ecosystem. The Company operates through two primary segments: Commercial Services and Government Solutions. Its Commercial Services segment offers toll and violation management solutions and title and registration services for RACs and FMCs in North America. Its Government Solutions segment provides complete, red-light, speed, school bus stop arm and bus lane enforcement solutions.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Verra Mobility Corp revenues increased 30% to $380.6M. Net income increased from $5.1M to $22.4M. Revenues reflect Commercial Services segment increase of 43% to $189.4M, Government Solutions segment increase of 19% to $191.2M. Net income benefited from Depreciation, amortization, impairment a decrease of 4% to $84.8M (expense).