earnings
confidence high
sentiment positive
materiality 0.85
i3 Verticals Q3 revenue $62M (+96% YoY); raises FY2021 guidance on software growth
i3 Verticals, Inc.
2021-Q3 EPS reported
-$0.26
revenue$63,129,000
- Revenue of $62.0M, up 96% YoY; net loss of $4.6M (GAAP EPS -$0.15).
- Adjusted EBITDA (ex-acquisition adjustments) $14.4M vs $7.0M YoY; pro forma adjusted EPS $0.26 vs $0.13.
- Raised FY2021 outlook: revenue $212M-$222M, adjusted EBITDA $49M-$52.5M, pro forma EPS $0.90-$0.96.
- Software & related services revenue grew to 40% of total (up from 26%); Public Sector now over half of company.
- Integrated payments were 60% of payment volume; total payment volume $5.1B, up 72% YoY.