results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry condit ...

Verra Mobility helps governments build smarter, safer communities through innovative technology solutions MESA, Ariz., Feb. 4, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today it has been recognized as a GovTech 100 Company for 2026 (full list here). This is the 11th year Government Technology magazine has declared the top 100 companies in GovTech, and the sixth consecutive year Verra Mobility has been recognized. The ...

Core Viewpoint - Verra Mobility Corporation is exiting Ontario due to new provincial legislation banning automated speed enforcement cameras, which the company did not choose but is mandated by law [1][5]. Legislative Context - The provincial government expedited the legislative process, limiting public debate and hearings, despite strong local support for automated speed enforcement programs [2]. Effectiveness of Speed Cameras - Verra Mobility emphasizes the proven effectiveness of speed cameras in enhancing road safety, citing significant reductions in speeding and crashes, particularly in vulnerable areas like school zones [3][4]. Community Support - A significant majority (73%) of Ontario drivers supported the use of automated speed enforcement, indicating strong community backing for these safety measures [5]. Financial Impact - The exit from Ontario is projected to result in approximately $7 million in lost annual revenue, which has already been incorporated into the company's preliminary consolidated outlook for 2026 [5].

Core Insights - Conduent Transportation has been awarded a contract by the Richmond Metropolitan Transportation Authority (RMTA) to implement a Pay-by-Plate toll collection system [1] - This initiative is part of RMTA's broader transition to all-electronic tolling (AET) on its roadways [1] - The AET system is designed to streamline traffic flow and enhance safety [1]

Core Insights - Verra Mobility Corporation has appointed Stacey Moser as Executive Vice President and General Manager of its Commercial Services business unit, effective July 21, 2025 [1][3] - Moser brings over 25 years of experience in commercial, product management, and engineering leadership from Fortune 100 companies and innovative technology firms [2][4] - She will succeed Steve Lalla, who has led the Commercial Services business since February 2021 [3] Company Overview - Verra Mobility is a leading provider of smart mobility technology solutions, focusing on making transportation safer, smarter, and more connected [7] - The company operates in North America, Europe, and Australia, addressing complex payment and compliance challenges for rental car companies and fleet operators [6][7] - Its offerings include tolling and violations management solutions, as well as title and registration services [6] Leadership Insights - David Roberts, CEO of Verra Mobility, expressed confidence in Moser's ability to drive continuous improvement and operational excellence, which will benefit fleet customers in the U.S. and Europe [3][4] - Moser's previous role as Chief Commercial Officer at Universal Robots involved leading global commercial strategy and market expansion [5]

Core Insights - Verra Mobility Corporation reported strong financial results for Q1 2025, exceeding internal expectations and reaffirming full-year guidance despite economic uncertainties [2][4][13] - The company continues to serve as New York City's technology partner for transportation safety programs, with ongoing contract negotiations [2][9] Financial Performance - Total revenue for Q1 2025 was $223.3 million, a 6% increase from $209.7 million in Q1 2024 [5][35] - Net income for Q1 2025 was $32.3 million, or $0.20 per share, compared to $29.1 million, or $0.17 per share, in Q1 2024 [5][35] - Adjusted EPS for Q1 2025 was $0.30, up from $0.27 in Q1 2024 [5][41] - Adjusted EBITDA for Q1 2025 was $95.4 million, compared to $92.8 million in the same period in 2024, with an adjusted EBITDA margin of 43% [5][38] Segment Performance - The Commercial Services segment generated $101.4 million in revenue, a 6% increase from $95.9 million in Q1 2024, with a segment profit margin of 62% [12] - The Government Solutions segment reported $101.8 million in revenue, an 8% increase from $94.2 million in Q1 2024, with a segment profit margin of 29% [12] - The Parking Solutions segment achieved $20.0 million in revenue, a 2% increase from $19.7 million in Q1 2024, with a segment profit margin of 15% [12] Cash Flow and Liquidity - Net cash provided from operations was $63.0 million for Q1 2025, up from $34.3 million in Q1 2024 [5][36] - Free Cash Flow for Q1 2025 was $41.7 million, compared to $20.1 million in the same period last year [5][40] - As of March 31, 2025, cash and cash equivalents were $108.5 million, with net debt at $934.9 million and net leverage at 2.3x [7][44] Full-Year Guidance - The company provided full-year guidance for 2025, expecting total revenue between $925 million and $935 million, adjusted EBITDA of $410 million to $420 million, adjusted EPS of $1.30 to $1.35, and free cash flow of $175 million to $185 million [18][11]

Core Viewpoint - BGM Group Ltd. has signed a definitive agreement to acquire 100% of YX Management Company Ltd. for US$95 million, which will enhance BGM's AI-driven platform, DuXiaoBao, and is expected to be completed by June 2025 [1][3]. Group 1: Acquisition Details - BGM will issue 47.5 million class A ordinary shares to acquire YX, valuing the company at US$95 million [1]. - Following the acquisition, YX's shareholders will hold approximately 32.8% of BGM's total outstanding shares and about 2.2% of its voting power [1]. Group 2: YX Team Expertise - The YX team consists of executives and technology experts from major Chinese internet companies like Alibaba and Didi, with experience in large-scale platform development [2]. - Core members have been involved in significant projects such as Taobao Mobile and Didi's ride-hailing services, showcasing their capabilities in digital transformation and AI commercialization [2]. Group 3: Strategic Impact - The integration of the YX team is expected to create a "multiplier effect" through industry breakthroughs and ecosystem synergy, enhancing BGM's leadership in intelligent technology innovation [3]. - The operational experience and strategies of the YX team will position AI as a key driver for BGM's value growth and sustainable returns [3]. Group 4: Company Focus Areas - BGM Group Ltd. focuses on AI applications, intelligent robots, algorithmic computing, cloud computing, and biopharmaceuticals [4]. - The company utilizes big data and AI technologies to provide solutions for insurance companies, covering various scenarios like sales, underwriting, and customer service [5]. - In biopharmaceuticals, BGM produces key products for global markets, integrating AI for supply chain optimization and process efficiency [6].