earnings
confidence high
sentiment positive
materiality 0.80
i3 Verticals Q1 revenue +66% to $73.9M, Adj. EBITDA +72%; raises FY22 guidance, acquires public-sector software firm
i3 Verticals, Inc.
2022-Q1 EPS reported
-$0.11
revenue$73,939,000
- Revenue $73.9M, up 66% YoY; net loss $3.7M vs $3.0M loss; Adj. EBITDA $18.3M, +72.4%.
- Pro forma adj. diluted EPS $0.35 vs $0.21 YoY; software/services revenue now 49% of total.
- ARR $240.4M, up 52.7% YoY.
- Acquired public-sector court data management software for $38.7M (incl. up to $10M contingent), effective Dec 31, 2021.
- Raised FY2022 outlook: revenue $288M-$304M, Adj. EBITDA $74M-$80M, EPS $1.28-$1.42.