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i3 Verticals, Inc. (symbol: IIIV) is a prominent technology and integrated payments provider catering to a diverse range of industry verticals across the United States. The company focuses on enhancing operating efficiencies, boosting revenues, and streamlining payment processing functions for its customers. With an impressive annualized payment volume exceeding $10 billion, i3 Verticals continues to fortify its leadership position through both organic growth and strategic acquisitions.
The company’s offerings are designed to meet the needs of small and medium-sized businesses and organizations within key strategic markets, including schools, the public sector, not-for-profit organizations, healthcare, and more. Operating primarily through two segments—Merchant Services and Software and Services—i3 Verticals derives the majority of its revenue from the Software and Services division.
i3 Verticals provides a comprehensive suite of solutions, such as gateway services, payment processing, online payment options, document management, and ERP systems. These offerings are aimed at simplifying complex business processes and improving financial transactions, making i3 Verticals a vital partner for its clients.
Recent achievements and initiatives underline the company's commitment to innovation and growth. By continuously adapting to evolving market needs and leveraging new technologies, i3 Verticals ensures that its clients stay ahead in their respective industries. The company's collaborative approach has also led to valuable partnerships, further expanding its reach and impact.
For the latest updates and in-depth information about i3 Verticals, including recent news and developments, visit the company's official website at www.i3verticals.com.
i3 Verticals reported its fiscal fourth quarter and year results for 2022, highlighting a 26.9% revenue increase to $85.3 million and a 41.8% annual revenue growth to $317.9 million. However, the net loss for Q4 reached $4.4 million, worsening from last year's $1.9 million. The full year loss totaled $23.2 million, compared to $7.8 million in 2021. Adjusted EBITDA for Q4 was $21.7 million, up 27.4%, with a pro forma adjusted diluted EPS of $1.48. The company forecasts 2023 revenue between $360 million and $380 million with adjusted EBITDA of $94 million to $102 million.
i3 Verticals, Inc. (Nasdaq: IIIV) announced plans for one-on-one investor meetings at upcoming conferences. The key events include the Stephens Annual Investment Conference in
The Company specializes in integrated software and services for vertical markets, focusing on the Public Sector and Healthcare.
i3 Verticals (NASDAQ: IIIV) will announce its financial results for the fourth quarter ending September 30, 2022 on November 16, 2022, after market close. A conference call to discuss these results will take place on November 17, 2022, at 8:30 a.m. ET. Participants can join by dialing (844) 887-9399 or accessing the webcast on their website. i3 Verticals provides integrated software and services primarily targeting the Public Sector and Healthcare markets, focusing on delivering tailored solutions for specific customer needs.
i3 Verticals, Inc. (NASDAQ: IIIV) announced the acquisition of a leading enterprise software provider in the motor carrier and vehicle markets for approximately $85 million effective October 1, 2022. The acquisition is expected to be accretive to pro forma adjusted diluted earnings per share. CEO Greg Daily highlighted that this purchase strengthens their position in the Public Sector vertical and allows for expansion into new markets. The company also expanded its revolving credit facility from $275 million to $375 million, anticipating a stable leverage ratio of around 4.0x.
i3 Verticals (NASDAQ: IIIV) has appointed Pete Panagakis as the new Chief Technology Officer. In this position, he will oversee the technology teams responsible for software engineering, architecture, cybersecurity, and operations. Panagakis brings extensive technology leadership experience from roles at Imperial PFS, MarksNelson, and Epiq Systems. Former CTO Rob Bertke will transition to a new role focused on developing a low-code software platform. CEO Greg Daily expressed confidence in Panagakis's leadership and vision to enhance the company’s technological capabilities.
i3 Verticals reported strong financial results for Q3 2022, with revenue of $80.6 million, a 27.6% increase year-over-year. Annualized Recurring Revenue (ARR) rose 30.2% to $266.7 million. However, the net loss widened to $4.7 million from $4.2 million in Q3 2021, leading to a nine-month loss of $18.8 million compared to $5.9 million. Adjusted EBITDA grew 29.1% to $20.1 million, reflecting a margin of 24.9%. The company revised its full-year revenue outlook to between $307 million and $317 million, indicating positive growth expectations.
i3 Verticals (Nasdaq: IIIV) announced it will release its third quarter financial results on August 8, 2022, after market close. A conference call to discuss the results will take place on August 9, 2022, at 8:30 a.m. EDT. Interested participants can join via telephone or webcast. i3 Verticals offers integrated software and services targeting vertical markets, primarily focusing on the Public Sector and Healthcare. The financial results will provide insight into the company's performance for the quarter ended June 30, 2022.
i3 Verticals reported its fiscal Q2 results for 2022, revealing a revenue increase to $78.1 million, a 58.8% growth year-over-year. However, the company suffered a net loss of $10.4 million, contrasting with a net income of $1.3 million in the previous year. Adjusted EBITDA reached $19.5 million, marking a 59.4% increase. The company revised its fiscal year 2022 outlook, raising revenue guidance to $300,000 - $312,000 and Adjusted EBITDA to $75,000 - $81,000. Annualized Recurring Revenue (ARR) grew by 46.8% to $254.5 million.
i3 Verticals (NASDAQ: IIIV) will disclose its Q2 financial results for the quarter ended March 31, 2022, on May 9, 2022, after market close. Following the results, a conference call is scheduled for May 10, 2022, at 8:30 a.m. ET. Participants can join via phone or webcast through the Investors section of the Company’s website. The Company specializes in integrated payment solutions across various sectors, including Healthcare and Education.
i3 Verticals, Inc. (Nasdaq: IIIV) reported strong fiscal Q1 2022 results, achieving a 66% revenue increase to $73.9 million but posted a net loss of $3.7 million, slightly higher than last year's loss. Adjusted EBITDA rose 72.4% to $18.3 million, making up 24.7% of revenue. Pro forma adjusted diluted EPS increased to $0.35 from $0.21. The annualized recurring revenue (ARR) grew 52.7% year-over-year, reaching $240.4 million. The Company revised its 2022 outlook, projecting revenue between $288 million and $304 million, and adjusted EBITDA between $74 million and $80 million.
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