Via Renewables Inc (VIA) News & EventsVIAVia Renewables Inc

Via Reports Q2 Revenue of $136M, Exceeding Expectations

Reports revenue $136M, consensus $133.34M. "We are excited about our second quarter results, which provide strong validation of our strategy: to build the world's most complete platform of software and services for public transit. Via's rapid revenue growth, coupled with a second consecutive quarter in which pipeline doubled year-over-year, are indicative of the high return on our multi-year investment in our platform. Our focus on expanding the Company's platform and supporting customers with an end-to-end solution has successfully unlocked a large and difficult-to-penetrate market," said Daniel Ramot, Via's Co-founder and Chief Executive Officer. "We are equally pleased to report that we have achieved these results while continuing to make fast progress towards our profitability target, a reflection of the high level at which we are executing on our strategy."

Adjusted EBITDA Expected at $4.5M to $3.5M

Sees adjusted EBITDA ($4.5M)-($3.5M).

Via Reports Q1 Revenue of $127M, Exceeding Expectations

Reports Q1 revenue $127M, consensus $123.55M. "We are delighted with our first quarter results, which reflect the strength of demand for Via's platform and the value we deliver to cities and transit agencies globally," said Daniel Ramot, Via's Co-founder and Chief Executive Officer. "Surpassing $500M in Annual Run-Rate Revenue as we continue to make rapid progress towards our profitability target is a testament to our ability to realize significant operating leverage while driving adoption of our platform within our large and underpenetrated market. As the only company in our industry that provides an end-to-end platform of AI-powered software and services for orchestrating and optimizing transit networks, we are uniquely positioned to deliver measurable outcomes to our customers and benefit from AI as a driver of efficiency."