Nikolai Chrin Cremo's questions to Verra Mobility Corp (VRRM) leadership • Q3 2024
Question
Nikolai Chrin Cremo asked about Verra Mobility's competitive advantages for the New York City RFP, the timing of a decision, the cadence of growth in 2025, and the outlook for the Government Solutions business excluding NYC.
Answer
Executive David Roberts highlighted the company's best-in-class technology and support as key differentiators for the NYC bid, anticipating a decision around Q2 2025. Executive Craig Conti added that the 2025 outlook assumes flat revenue from NYC, with financial infrastructure costs impacting the first half of the year and new ARR wins driving revenue acceleration in the second half of 2025 and into 2026.