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i3 Verticals Inc - IIIV STOCK NEWS

Welcome to our dedicated news page for i3 Verticals (Ticker: IIIV), a resource for investors and traders seeking the latest updates and insights on i3 Verticals.

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Rhea-AI Summary
i3 Verticals, Inc. reported its financial results for the fiscal first quarter ended December 31, 2023. Revenue was $92.0 million, a 6.9% increase from the previous year. Net income was $1.5 million. Adjusted EBITDA was $25.2 million, a 6.6% increase from the prior year. Diluted net income per share was $0.04. Annualized Recurring Revenue was $316.9 million, showing a 9.2% growth rate. The company's Board of Directors has initiated the exploration of a potential sale of certain assets related to its merchant services business.
Rhea-AI Impact
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End-of-Day
-1.54%
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Rhea-AI Summary
i3 Verticals, Inc. (IIIV) will release its financial results for the first quarter ended December 31, 2023, on February 8, 2024, after the Nasdaq market close. The Company will host a conference call on February 9, 2024, at 8:30 a.m. ET to discuss financial results and operations.
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Rhea-AI Sentiment
End-of-Day
1.02%
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Rhea-AI Summary
i3 Verticals, Inc. (Nasdaq: IIIV) reported a strong fiscal fourth quarter and full fiscal year of 2023, with revenue increasing by 13.1% and 16.5% respectively. Net income improved significantly, with a net loss of $2.7 million for the year ended September 30, 2023, compared to a net loss of $23.2 million for the year ended September 30, 2022. Adjusted EBITDA for the year ended September 30, 2023, was $100.4 million, an increase of 26.2% over the prior year. The company's Annualized Recurring Revenue (ARR) for the fourth quarter of 2023 was $312.9 million, representing a period-to-period growth rate of 11.3%. Software and related services revenue as a percentage of total revenue increased to 50% for the year ended September 30, 2023, compared to 49% for the prior year. Payments revenue remained consistent at 45%. i3 Verticals' Chairman and CEO, Greg Daily, expressed satisfaction with the company's performance and anticipates a positive carryover into fiscal 2024.
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0.25%
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Rhea-AI Summary
i3 Verticals, Inc. (Nasdaq: IIIV) will release its Q4 2023 financial results on November 15, 2023, and host a conference call on November 16, 2023, to discuss financial results and operations.
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2.15%
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Rhea-AI Summary
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Rhea-AI Summary
i3 Verticals to release Q3 2023 financial results on August 8, 2023
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Rhea-AI Summary
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i3 Verticals Inc

Nasdaq:IIIV

IIIV Rankings

IIIV Stock Data

766.90M
21.07M
1.26%
92.46%
3.64%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
Link
US
Nashville

About IIIV

i3 verticals, llc is a technology and integrated payments provider for a range of industry verticals throughout the united states and is focused on helping its customers improve their operating efficiencies, enhance revenues and streamline their payment processing functions. with annualized payment volume of over $10 billion, i3 verticals is continuing to build its leadership position in distinct, expanding verticals through organic growth and acquisition. more information about i3 verticals is available at www.i3verticals.com.