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This New Law Just Wiped $7 Million From Verra Mobility's Revenue
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Verra Mobility Corporation announced its withdrawal from Ontario following a new law banning automated speed enforcement cameras, impacting its revenue by $7 million annually. The company will comply with the law and shut down its systems, while continuing to expand in other areas with new initiatives like the AutoKinex platform. Despite the revenue loss, the impact was already included in its 2026 guidance, and no forecast adjustments are planned. VRRM shares fell 4.92% to $20.86.
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