secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0001728688-22-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

i3 Verticals Q1 revenue +66% to $73.9M, Adj. EBITDA +72%; raises FY22 guidance, acquires public-sector software firm
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868822000008/0001728688-22-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868822000008/iiiv-20220208.htm
  HTML page:      https://secwatch.observer/filing/0001728688-22-000008

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