Redflex Holdings

Verra Mobility Celebrates 5-Year Anniversary on Nasdaq

Retrieved on: 
Wednesday, October 18, 2023
Verra, Vibes (company), Acquisition, Software, Growth, City, University, Safety, Software as a service, Mobile phone, Redflex Holdings

MESA, Ariz., Oct. 18, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, celebrates its five-year anniversary as a publicly traded company.

Key Points: 
  • MESA, Ariz., Oct. 18, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, celebrates its five-year anniversary as a publicly traded company.
  • "This is a significant milestone in our incredible journey to become a leader in smart mobility solutions," said David Roberts, president and CEO, Verra Mobility.
  • "Our core values, shared purpose and the Verra Mobility operating system have all been instrumental in driving continued growth and profitability."
  • Verra Mobility went public in October 2018, and the Company has since grown into new markets and expanded geographically.

Verra Mobility Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, March 1, 2023
Healthcare Facilities Accreditation Program, ASR, LIBOR, Share repurchase, Forecasting, United States Commercial Service, EPS, EBITDA, Common stock, Acquisition, Redflex Holdings, Travel, GAAP, Safety, Baozou Big News Events, University, Growth, Language, Investment, Adjustment, Congestion, Government, Mobile phone, Cryptocurrency, Video game, Bookkeeping, Car rental, Retail, Security (finance)

MESA, Ariz., March 1, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • MESA, Ariz., March 1, 2023 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the fourth quarter and full year ended December 31, 2022.
  • Revenue: Total revenue for the fourth quarter of 2022 was $186.1 million, an increase of 9% compared to $170.0 million for the fourth quarter of 2021.
  • Net income: Net income for the fourth quarter of 2022 was $28.2 million, or $0.13 per share based on 154.8 million diluted weighted average shares outstanding.
  • Adjusted Earnings Per Share (EPS): Adjusted EPS for the fourth quarter of 2022 was $0.25 per share compared to $0.24 per share for the fourth quarter of 2021.

Verra Mobility Announces First Quarter Financial Results

Retrieved on: 
Monday, May 9, 2022
Board, COVID-19, U.S. Securities and Exchange Commission, Forward-looking statement, Investment, Share repurchase, Solution, GAAP, Adjustment, EBITDA, NASDAQ, University, Company, Travel, Securities Exchange Act of 1934, Public expenditure, Government, Safety, Contract, Baozou Big News Events, Time, Prevalence, RAC, Security (finance), Depreciation, Review, Acquisition, Investor relations, United States Commercial Service, Law enforcement, Forecasting, Board of directors, Income, Method, Language, SEC, EPS, Technology, Healthcare Facilities Accreditation Program, City, Growth, Transport, Intelligence, Video game, Bookkeeping, Car rental, Risk management, Bank, Real estate, Redflex Holdings

MESA, Ariz., May 9, 2022 /PRNewswire/ --Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the quarter ended March 31, 2022.

Key Points: 
  • MESA, Ariz., May 9, 2022 /PRNewswire/ --Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today the financial results for the quarter ended March 31, 2022.
  • Revenue: Total revenue for the first quarter of 2022 was $170.4 million, an increase of 89.6% compared to $89.9 million for the first quarter of 2021.
  • Adjusted Earnings Per Share (EPS): Adjusted EPS for the first quarter of 2022 was $0.20 per share compared to $0.12 per share for the first quarter of 2021.
  • In addition to disclosing financial results that are determined in accordance with U.S. generally accepted accounting principles ("GAAP"), we also disclose certain non-GAAP financial information in this press release.

VERRA MOBILITY PROVIDES UPDATE ON YEAR END FINANCIAL STATEMENTS AND PROVIDES 2022 FINANCIAL GUIDANCE

Retrieved on: 
Thursday, March 31, 2022
Company, Private Securities Litigation Reform Act, Form 10-K, Mission statement, NASDAQ, Analysis, Forward-looking statement, Transport, GAAP, City, Judgement, CFO, Forecasting, SEC, Risk, Financial condition report, CEO, Law enforcement, Language, Intelligence, Conversation, Employment, Technology, Hope, Result, Adjustment, Acceleration, Terminology, Annual report, Acquisition, Audit committee, Redflex Holdings

"As we finalize the audit, we are confident in our business performance," said David Roberts, president and CEO, Verra Mobility.

Key Points: 
  • "As we finalize the audit, we are confident in our business performance," said David Roberts, president and CEO, Verra Mobility.
  • "Our 2022 outlook remains strong, and we have therefore decided to provide our financial guidance for 2022 at this time."
  • Any guidance that the Company provides is subject to change as a variety of factors can affect actual operating results.
  • The Company previously announced the appointment of Craig Conti as Chief Financial Officer to be effective April 11, 2022.

Verra Mobility Files SEC Form 12B-25; Provides Business Update

Retrieved on: 
Monday, February 28, 2022
Judgement, City, United States Commercial Service, Time, EBITDA, Security (finance), NASDAQ, Europcar, Audit committee, Intelligence, Hertz, Company, Redflex Holdings, Private Securities Litigation Reform Act, Nature, U.S. Securities and Exchange Commission, Form, Review, Transport, Hope, Terminology, The Company, Notice, Law enforcement, Disclosure, Forward-looking statement, Technology, New York City Department of Transportation, Mission statement, Form 10-K, Government, SEC, Medical device, Audit, Animal

In the meantime, the Company is providing the following update on year-end 2021 financial and business performance trends.

Key Points: 
  • In the meantime, the Company is providing the following update on year-end 2021 financial and business performance trends.
  • Verra Mobility serves the world's largest commercial fleets and rental car companies to manage tolling transactions and violations for millions of vehicles.
  • As a leading provider of connected systems, Verra Mobility processes millions of transactions through integration and connectivity with hundreds of tolling and issuing authorities.
  • Understanding the information contained in these filings is important in order to fully understandthe Company'sreported financial results and our business outlook for future periods.

Intelligent Transportation System Market worth $68.0 billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, November 2, 2021
Knowledge, Health & Other Services Personnel Trade Union of South Africa, Region, Research, ITS, DSRC, Air pollution, Redflex Holdings, Hardware, GEM, APAC, RFID, Thales Group, Denso, Iteris, SME, Conduent, Intelligence, Lists of countries and territories, S.A, COVID-19, Growth, Garmin, Urbanization, Cubic Corporation, Population, Marketing

Among all regions, APAC is expected to register the highest growth in the ITS market during the forecast period.

Key Points: 
  • Among all regions, APAC is expected to register the highest growth in the ITS market during the forecast period.
  • These countries are considering ITS as an ideal solution to tackle issues such as traffic congestion, air pollution, and greenhouse gas emissions.
  • Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM".
  • MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.

Intelligent Transportation System Market worth $68.0 billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, November 2, 2021
Knowledge, Health & Other Services Personnel Trade Union of South Africa, Region, Research, ITS, DSRC, Air pollution, Redflex Holdings, Hardware, GEM, APAC, RFID, Thales Group, Denso, Iteris, SME, Conduent, Intelligence, Lists of countries and territories, S.A, COVID-19, Growth, Garmin, Urbanization, Cubic Corporation, Population, Marketing

Among all regions, APAC is expected to register the highest growth in the ITS market during the forecast period.

Key Points: 
  • Among all regions, APAC is expected to register the highest growth in the ITS market during the forecast period.
  • These countries are considering ITS as an ideal solution to tackle issues such as traffic congestion, air pollution, and greenhouse gas emissions.
  • Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM".
  • MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.

Verra Mobility Announces Closing Of Redflex Holdings Acquisition

Retrieved on: 
Friday, June 18, 2021
Redflex Holdings

MESA, Ariz., June 17, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, today announced the closing of the transaction to acquire 100% of the issued share capital of Redflex Holdings Limited (ASX: RDF) for a purchase price ofA$0.96per share, representing a total acquisition price ofA$152.5 million.

Key Points: 
  • MESA, Ariz., June 17, 2021 /PRNewswire/ -- Verra Mobility (NASDAQ:VRRM), a leading provider of smart mobility technology solutions, today announced the closing of the transaction to acquire 100% of the issued share capital of Redflex Holdings Limited (ASX: RDF) for a purchase price ofA$0.96per share, representing a total acquisition price ofA$152.5 million.
  • "We are very excited about this acquisition," saidDavid Roberts, Chief Executive Officer,Verra Mobility.
  • Redflex is combining with Verra Mobility's Government Solutions business segment, enhancing its product portfolio and technology capabilities, and increasing its scale and global reach.
  • Mark J. Talbot, who served as Redflex's CEO, will lead the Government Solutions business and join Verra Mobility's executive leadership team.

Verra Mobility Enters into Binding Agreement to Acquire Redflex Holdings Limited

Retrieved on: 
Thursday, January 21, 2021
Redflex Holdings, Transportation engineering, States and territories of Australia, Australian Securities Exchange, Smart mobility, Economy of Australia, Companies

MESA, Ariz., Jan.21, 2021 /PRNewswire/ --Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced it has entered into a binding agreement with Redflex Holdings Limited (ASX: RDF) to acquire 100% of the issued share capital of Redflex at a price of A$0.92 per share, representing a total acquisition price of A$146.1 million.

Key Points: 
  • MESA, Ariz., Jan.21, 2021 /PRNewswire/ --Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced it has entered into a binding agreement with Redflex Holdings Limited (ASX: RDF) to acquire 100% of the issued share capital of Redflex at a price of A$0.92 per share, representing a total acquisition price of A$146.1 million.
  • "We are delighted at the prospect of welcoming the Redflex team and their customers to the Verra Mobility family," said David Roberts, Chief Executive Officer, Verra Mobility.
  • Verra Mobility is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier.
  • Redflex Holdings Limited was listed on the Australian Securities Exchange in January 1997.

Canadian-Owned Israeli Artificial Intelligence and Transportation Management Company Sold to Redflex

Retrieved on: 
Tuesday, December 8, 2020
Redflex Holdings, Companies

Australian Company gains RoadMetric's Israeli cutting edge urban mobility solutions using video analytics software and an AI platform.

Key Points: 
  • Australian Company gains RoadMetric's Israeli cutting edge urban mobility solutions using video analytics software and an AI platform.
  • JERUSALEM, Israel and TORONTO, Dec. 8, 2020 /PRNewswire/ -- RoadMetric Ltd's controlling shareholder, Toronto-based Rabbi David Hofstedter announced the recent sale of the company to Redflex Traffic Systems, Inc., an Australian-based company specializing in intelligent traffic management solutions.
  • We will also be able to enhance our market leading solutions with the fusion of radar and video analytics technology.
  • The Redflex Group runs its own systems engineering operations, system integration technologies and innovation center for research and development.