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. (NASDAQ: IIIV) is an enterprise software company focused on mission-critical, cloud-native solutions for public sector entities. Its software and services support government functions such as courts and public safety, public administration, utilities, transportation, revenue, and schools, with thousands of installations across all 50 U.S. states and Canada. The company regularly issues updates on its financial performance, strategic focus and major customer contracts, making its news flow relevant to investors and observers of government technology.
On this page, readers can follow IIIV news related to quarterly and annual earnings releases, guidance updates, and non-GAAP metrics such as adjusted EBITDA and Annualized Recurring Revenue (ARR). The company’s announcements often discuss the mix of software and related services, recurring revenue trends, and changes in segment presentation following acquisitions or divestitures, including the sale of its merchant services business and its Healthcare Revenue Cycle Management business.
News items also highlight public sector customer wins and deployments, such as JusticeTech solutions, the WVPASS public access search system in West Virginia, and the i3 CourtOne Case Management Solution (CMS) for state courts. These stories provide insight into how i3 Verticals’ products are used by courts, utilities and other agencies to modernize operations and improve access for citizens.
Investors and researchers can use this IIIV news feed to review earnings dates, conference call details, investor conference participation and other corporate developments. Bookmark this page to quickly access the latest official press releases and updates related to i3 Verticals’ operations, strategy and public sector software initiatives.
Summary not available.
Summary not available.
Summary not available.
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
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.