I3 Verticals Stock Price, News & Analysis

i3 Verticals (Nasdaq: IIIV) will release its financial results for the second quarter ending March 31, 2023, on May 9, 2023, after market close. A conference call to discuss these results is scheduled for May 10, 2023, at 8:30 a.m. ET. Participants can join via telephone or webcast through the Company’s website. i3 Verticals provides integrated software and services, particularly targeting the Public Sector and Healthcare verticals. The Company is focused on enhancing its software offerings to meet customer needs across these sectors.

i3 Verticals reported a strong fiscal first quarter for the period ending December 31, 2022, with revenue of $86.0 million, a 16.4% increase year-over-year. The company achieved net income of $0.2 million, a significant turnaround from a net loss of $3.7 million in the same quarter last year. Adjusted EBITDA rose 29.3% to $23.6 million, representing 27.4% of revenue. Annualized Recurring Revenue (ARR) increased by 20.7% to $290.2 million. The company's interest coverage and leverage ratios remained strong. A strategic acquisition of AccuFund, effective January 1, 2023, is expected to enhance its public sector offerings.

i3 Verticals, Inc. (Nasdaq: IIIV) will release its financial results for the first quarter ended December 31, 2022, on February 8, 2023, after market close. A conference call will be held the next day, February 9, 2023, at 8:30 a.m. ET to discuss these results and company operations. Participants can join via telephone or webcast through the company’s website. i3 Verticals specializes in integrated software and services for strategic vertical markets, particularly in the Public Sector and Healthcare sectors.

i3 Verticals, Inc. (Nasdaq: IIIV) has acquired Accufund, Inc., effective January 1, 2023. Accufund specializes in fund accounting solutions for government entities and nonprofits in the United States. This acquisition aims to enhance i3 Verticals' public sector offerings, complementing its existing portfolio. CEO Greg Daily highlighted the strategic importance of Accufund's software in strengthening their market position. The first quarter earnings call in February will provide further insights into this acquisition and its expected impact on growth.

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 Nashville on November 17, 2022, the Raymond James Technology Investors Conference in New York City on December 7, 2022, and the D.A. Davidson FinTech & Payments Spotlight Conference in New York City on December 8, 2022.

The Company specializes in integrated software and services for vertical markets, focusing on the Public Sector and Healthcare.