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. develops software and technology-enabled services for public transportation networks. The company’s updates center on its Platform segment, which cities and transit agencies use to plan, operate, and modernize fixed-route transit, microtransit, paratransit, and multimodal journey planning across markets including the United States, Germany, and other countries.
Recurring Via news includes quarterly financial results, platform revenue and customer trends, transit-agency deployments, Citymapper journey-planning and ticketing capabilities, and technology features that use data and demand signals to improve network operations. Company announcements also cover public-sector partnerships, completed transportation-technology acquisitions such as Downtowner, and governance or industry initiatives tied to transit innovation.
Via Renewables (NASDAQ:VIA) announced plans to present its full year and Q4 2021 financial results in a conference call on March 3, 2022, at 10 AM Central. The webcast will be accessible on the company's Investor Relations website, with an archived replay available for twelve months.
Founded in 1999 and headquartered in Houston, Via Renewables provides energy services under brands like Spark Energy and Major Energy, serving 100 utility territories across 19 states.
Via Renewables has declared a quarterly cash dividend of $0.18125 per share on its Class A Common Stock, amounting to an annualized $0.725 per share. This dividend will be paid on March 15, 2022 to shareholders on record as of March 1, 2022. Additionally, a dividend of $0.546875 per share has been declared on the Series A Preferred Stock, with an annualized amount of $2.1875 per share, payable on April 15, 2022 to holders recorded by April 1, 2022.
Via Renewables reported its financial results for Q3 2021, showing a net income of $34.7 million, up from $22.6 million in Q3 2020. Adjusted EBITDA decreased to $22.0 million from $27.7 million year-over-year, while Retail Gross Margin fell to $30.9 million, down $16.1 million due to fewer customers. The company’s total liquidity stood at $134.5 million. A dividend of $0.18125 per share on Class A common stock was declared, payable on December 15, 2021.
Management expects further customer growth as acquisitions are fully integrated.
Via Renewables (NASDAQ:VIA) will present its third quarter 2021 financial results on November 4, 2021, at 10:00 AM Central. The presentation will be available via a live webcast on the company's Investor Relations website, along with an archived replay for twelve months. Founded in 1999 and headquartered in Houston, Texas, Via Renewables operates in 19 states, providing customers with natural gas and electricity alternatives through brands like Spark Energy and Verde Energy. Investors are encouraged to regularly check the website for updates and disclosures.
Via Renewables (NASDAQ:VIA) declared a quarterly cash dividend of $0.18125 per share on its Class A Common Stock for Q3 2021, with a payment date set for December 15, 2021. This translates to an annualized dividend of $0.725. Additionally, a dividend of $0.546875 per share on its Series A Preferred Stock was announced, with a payment date of January 17, 2022. The company has also amended its senior secured credit facility, extending it to October 13, 2023, and its $25 million subordinated debt facility to January 31, 2025, enhancing liquidity for new sustainable energy opportunities.
Spark Energy, Inc. has announced an overwhelming approval from shareholders to change its name to Via Renewables, Inc. (NASDAQ:VIA). This rebranding is accompanied by the launch of a new Investor Relations website, which outlines Via's commitment to sustainability and innovation. The trading ticker for Class A common stock will change to VIA, effective August 10, 2021. The Company aims to enhance its offerings and serve a wider customer base through its established brands across various states.