Welcome to our dedicated page for Via Transportation news (Ticker: VIA), a resource for investors and traders seeking the latest updates and insights on Via Transportation stock.
Via Transportation, Inc. (NYSE: VIA) is a technology company focused on software and technology-enabled services for public transit systems, and its news flow reflects this focus. Company announcements often highlight how Via’s platform is used by cities and transit agencies to transform public transportation into dynamic, data- and demand-based networks that replace fragmented legacy systems and consolidate operations.
Investors and observers following VIA stock can expect news related to quarterly and annual financial results, including revenue trends, Platform Annual Run-Rate Revenue, customer count, and non-GAAP measures such as Adjusted Gross Profit and Adjusted EBITDA. Via regularly issues press releases about its earnings and furnishes these releases to the Securities and Exchange Commission on Form 8-K, providing updates on its operating performance and outlook.
Via’s news also covers corporate development activity, such as acquisitions and partnerships. For example, the company has announced the completion of its acquisition of Downtowner Transportation LLC, a transportation technology company focused on Destination Cities, and has referenced prior acquisitions of Remix and Citymapper. These items provide insight into how Via expands its platform capabilities and data assets. Strategic partnerships, such as its collaboration with Waymo to integrate autonomous ride-hailing services into public transit networks, are another recurring theme in Via’s news.
Legal and intellectual property developments may also appear in the news feed. Via has reported on patent litigation outcomes involving its virtual bus stop technology and microtransit patents, including court decisions awarding ongoing royalties on certain infringing products. Such updates shed light on the company’s efforts to protect and monetize its intellectual property.
By reviewing Via’s news page, readers can track financial announcements, M&A activity, partnerships with other transportation technology providers, and legal milestones that relate to the company’s public transit software and services. Bookmarking this page can help investors and industry participants monitor how Via’s platform and strategy evolve over time.
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Via Renewables is set to present its first quarter 2023 financial results on May 4, 2023, at 10:00 AM Central via a conference call and webcast. Investors can access the live session through the Events & Presentations section on their Investor Relations website, with a replay available for twelve months post-event. Founded in 1999 and headquartered in Houston, Texas, Via Renewables provides competitive energy services, operating in 20 states and serving 103 utility territories. The company offers various energy solutions, including green alternatives, to its residential and commercial customers.
Via Renewables (NASDAQ: VIA, VIASP) announced on April 19, 2023, the temporary suspension of its quarterly cash dividend on common stock to enhance financial flexibility amidst market volatility. This decision aims to strengthen the company’s balance sheet and support customer growth.
The CEO, Keith Maxwell, expressed confidence in the company’s future and the commitment to reinstating dividends when market conditions permit. Additionally, the Board declared a quarterly cash dividend of $0.73989 per share on the Series A Preferred Stock, to be paid on July 17, 2023 to shareholders on record as of July 1, 2023.
Via Renewables (NASDAQ:VIA, VIASP) reported its financial results for 2022, showing a net income of $11.2 million, a significant turnaround from a net loss of $(5.4) million in 2021. The company's gross profit increased to $103.4 million, while adjusted EBITDA fell to $51.8 million from $80.7 million. In Q4, the company faced a net loss of $(27.5) million mainly due to a $37.9 million mark-to-market loss on hedges. Despite the challenges, liquidity stood strong at $76.9 million. The company is optimistic about growth in 2023, citing competitive offerings and opportunities from recent utility rate hikes.