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.
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.
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i3 Verticals (Nasdaq: IIIV) reported its fiscal fourth quarter and year results ended September 30, 2020. Fourth quarter revenue was $38.3 million, down 65% year-over-year, while full-year revenue totaled $150.1 million, a 60% decline. Adjusted net revenue for Q4 was $38.4 million, decreasing 5%, with adjusted EBITDA at $9.7 million, a 17% drop. The company posted a net loss of $2.0 million in Q4. i3 Verticals completed seven acquisitions since July 2020, enhancing its offerings, particularly with the recent acquisition of ImageSoft for $40 million. The company refrained from providing 2021 financial outlook due to COVID-19 uncertainties.
i3 Verticals (Nasdaq: IIIV) will announce its financial results for Q4 and the fiscal year ending September 30, 2020, on November 19, 2020, post-market close. A conference call to discuss these results will be held on November 20, 2020, at 8:30 a.m. ET. Interested parties can listen in via telephone or webcast. Notably, i3 Verticals processed approximately $14.2 billion in total payment volume for the 12 months ending June 30, 2020, highlighting its role in delivering integrated payment solutions across various sectors.
i3 Verticals, Inc. (Nasdaq: IIIV) announced the acquisition of three companies to enhance its vertical focus. These include a public safety software provider, a healthcare billing software firm, and a technology provider for its platform. The total cash consideration for these acquisitions was $19.6 million. The CEO, Greg Daily, highlighted the importance of these deals in offering new solutions and expanding market reach. The acquisitions will also involve equity awards granted to new employees, enhancing employee retention.
i3 Verticals (Nasdaq: IIIV) announced its third-quarter financial results for the period ending June 30, 2020, will be released on August 10, 2020, after market close. A conference call to discuss these results is scheduled for August 11, 2020, at 8:30 a.m. EDT. Participants can join the call via telephone or webcast. The company processed approximately $14.7 billion in payment volume for the year ending March 31, 2020, catering to small- and medium-sized businesses in various sectors including education and healthcare.