Welcome to our dedicated page for I3 Verticals news (Ticker: IIIV), a resource for investors and traders seeking the latest updates and insights on I3 Verticals stock.
i3 Verticals, Inc. (IIIV) delivers integrated payment and software solutions tailored for public sector and healthcare organizations. This news hub provides investors and professionals with timely updates on strategic developments shaping the company's growth in vertical market technology.
Access curated press releases and financial announcements covering IIIV's operational milestones, including earnings reports, partnership agreements, product enhancements, and industry recognition. Our repository simplifies tracking regulatory filings and market-moving events relevant to integrated payment systems and vertical-specific software.
Key coverage areas include merger & acquisition activity, technology innovations, and strategic market expansions. Bookmark this page for verified updates directly from corporate communications and authorized financial news sources.
For stakeholders monitoring payment processing technologies and vertical market software trends, this resource offers comprehensive IIIV news tracking without promotional bias.
i3 Verticals (Nasdaq: IIIV) will release its financial results for Q4 ending
i3 Verticals, Inc. (Nasdaq: IIIV) announced the effective acquisition of a revenue cycle management business on October 1, enhancing its presence in the healthcare sector. The acquired entity specializes in comprehensive services for hospitals and integrates secure proprietary software with medical records. The aggregate cash consideration for this acquisition was $60 million, with equity awards granted to 419 employees. Chairman Greg Daily emphasized the strategic importance of this acquisition as part of their ongoing growth strategy in high-demand verticals.
i3 Verticals (Nasdaq: IIIV) reported a 96% increase in third-quarter revenue, totaling $62.0 million, while nine-month revenue rose 37% to $153.1 million. However, the company recorded a third-quarter net loss of $4.6 million, worsening from a loss of $2.8 million year-over-year. The diluted net loss per share was $0.15, compared to $0.02 in the same period last year. The revised fiscal year 2021 outlook estimates revenue of $212 million - $222 million and adjusted EBITDA of $49 million - $52.5 million.
i3 Verticals (Nasdaq: IIIV) announced its third-quarter financial results for the period ending June 30, 2021, set to be released on August 9, 2021, after Nasdaq market close. A conference call will follow on August 10, 2021, at 8:30 a.m. ET to discuss these results. Participants can join the call by dialing (877) 270-2148 or via webcast through the company’s website. i3 Verticals specializes in integrated payment and software solutions, processing approximately $15 billion in payment volume for the year ending March 31, 2021.
i3 Verticals (Nasdaq: IIIV) reported strong fiscal Q2 results for the period ending March 31, 2021, highlighting 22% revenue growth to $47.9 million year-over-year. Adjusted net revenue decreased by 26% to $49.4 million. The company recorded a net loss of $0.1 million, contrasting with a net income of $1.9 million in Q2 2020. Adjusted EBITDA grew by 25% to $12.4 million. The company completed three acquisitions, bolstering its presence in healthcare and utilities sectors. i3 Verticals revised its FY 2021 outlook, projecting adjusted net revenue between $204,000 - $220,000.
i3 Verticals (Nasdaq: IIIV) plans to release its second-quarter financial results for the fiscal year ending March 31, 2021, on May 10, 2021, after market close. A conference call is scheduled for May 11, 2021, at 8:30 a.m. ET to discuss these results. Participants can call in or listen via the Company's website. i3 Verticals processed approximately $14.3 billion in total payment volume for the year ending December 31, 2020, catering to small- and medium-sized businesses across sectors like education and healthcare.
i3 Verticals announced its acquisition of two software companies on April 1, enhancing its offerings in the Healthcare vertical. One business, from the upper Midwest, provides software to healthcare customers, improving operational efficiency and patient information access. The second, based in the southeast, offers medical practice management software nationwide. The total cash paid for both acquisitions was $17.4 million. Chairman and CEO Greg Daily highlighted untapped payment opportunities, aligning with the company's acquisition strategy to expand its product suite and market presence.
i3 Verticals (Nasdaq: IIIV) reported Q1 fiscal 2021 results, with revenues of $43.3 million, up 5% year-over-year. Adjusted net revenue was $44.9 million, an 8% increase. However, the company faced a $4.1 million net loss, contrasting with a net income of $1.9 million in Q1 fiscal 2020. Adjusted EBITDA decreased 8% to $10.9 million, representing 24.2% of adjusted net revenue, down from 28.5%. The company anticipates adjusted net revenue for the fiscal year to range between $198 million and $214 million.
i3 Verticals has acquired substantially all assets of Business Information Systems (BIS) for approximately $87.7 million, comprising $52.5 million in cash and $35.2 million in Class A common stock. This acquisition, the largest in i3's history, aims to enhance its Public Sector vertical with innovative payment solutions that facilitate cost savings for state and local governments. BIS brings a creative leadership team and about 150 new employees. Equity awards totaling 575,000 shares have also been granted to BIS employees.
i3 Verticals (Nasdaq: IIIV) will release its financial results for Q1 fiscal 2021 on February 8, 2021, after market close. The company will host a conference call on February 9, 2021, at 8:30 a.m. ET to discuss these results. Interested participants can join via phone at (929) 477-0577 or through the webcast on the company's website. i3 Verticals processed approximately $14.4 billion in payment volume for the 12 months ending September 30, 2020, focusing on software and payment solutions for SMBs across various sectors.
