How Much of Verra Mobility's (VRRM) Business is Red Light Cameras or Speed Cameras?

Rental car tickets are a huge growing business for Verra Mobility. 

Verra Mobility seems to not mention its core business of safety cameras until almost the end of its company description.  How come?  All of the other things they mention like "data intelligence" and "bringing together devices, vehicles" don't make a lot of sense to me and seem like non-recurring services or consulting. 

Verra Mobility is committed to developing and using the latest in technology and data intelligence to help make transportation safer and easier. As a global company, Verra Mobility sits at the center of the mobility ecosystem – one that brings together vehicles, devices, information, and people to solve complex challenges faced by our customers and the constituencies they serve.

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 each year through connectivity with more than 50 individual tolling authorities and more than 400 issuing authorities.

How much of their full-year 2019 revenue of $448.7 million Net income of $33.3 million, Adjusted EBITDA of $241.4 million Generated cash flows from operations of $133.8 million was from red-light cameras and speed cameras?   See their latest VRRM quarterly financial report here.

Verra Mobility also fosters the development of safe cities, partnering with law enforcement agencies, transportation departments, and school districts across North America operating thousands of red-light, speed, bus lane, and school bus stop arm safety cameras. Arizona-based Verra Mobility operates in more than 15 countries.

For more information, visit www.verramobility.com.


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