Financial Performance - Total revenue for Q1 2020 increased by $18.3 million to $116.7 million, a 19% year-over-year growth from $98.5 million in Q1 2019 [25] - Adjusted EBITDA for Q1 2020 was $54.9 million, up from $51.3 million in the same quarter of 2019 [25] - Cash flow from operations in Q1 2020 was $14.8 million, with $113.6 million in cash on hand at the end of the quarter [25] Segment Performance - Commercial Services revenue for Q1 2020 was $61.2 million, a decrease of 2.2% compared to the same quarter in the prior year [17] - Commercial Services adjusted EBITDA for Q1 2020 was $33.6 million, a decrease of $4.4 million or 11.5% from the same period of the prior year [17] - Government Solutions revenue for Q1 2020 was $55.5 million, an increase of 54.6% compared to the same quarter in the prior year [17] - Government Solutions adjusted EBITDA for Q1 2020 was $21.2 million, an improvement of $8.0 million or 60.6% from the same period of the prior year [17] Financial Position - Net debt leverage continues to decline, with increased EBITDA and strong cash flow generation [25] - The company has First Lien debt which matures in 2025 and a $75 million revolver that is undrawn [25] - The company believes that cash from operations and cash on hand will be sufficient to run the company for the next 12 months and beyond [25] Additional Considerations - The Commercial Services segment was impacted in March due to reduced demand resulting from COVID-19, and continued impact is expected in Q2 [17] - Profitability in the Commercial Services segment was impacted by a $3.3 million increase in bad debt due to specific reserves and the implementation of a new CECL accounting standard [17]

Verra Mobility Corporation (NASDAQ:VRRM) Q4 2024 Results Conference Call February 27, 2025 5:00 PM ET Company Participants Mark Zindler - VP, IR David Roberts - CEO Craig Conti - CFO Conference Call Participants Faiza Alwy - Deutsche Bank Nikolai Cremo - UBS Louie DiPalma - William Blair David Koning - Baird Shefali Tamaskar - Morgan Stanley Operator Good day, and thank you for standing by. Welcome to Verra Mobility's Fourth Quarter 2024 Earnings Conference Call. My name is Liz, and I will be your conferenc ...