earnings
confidence high
sentiment positive
materiality 0.75
i3 Verticals reports Q2 revenue $78.1M (+59% YoY), raises FY2022 guidance
i3 Verticals, Inc.
2022-Q2 EPS reported
-$0.45
revenue$152,059,000
- Revenue $78.1M, up 58.8% YoY; adjusted EBITDA $19.5M, up 59.4% YoY.
- Net loss $10.4M vs net income $1.3M prior year; diluted EPS -$0.33 vs +$0.04.
- Annualized Recurring Revenue (ARR) $254.5M, up 46.8% YoY; software revenue mix 50% (vs 36%).
- Raises FY2022 outlook: revenue $300-312M, adj. EBITDA $75-81M, pro forma adj. EPS $1.40-1.47.
- Completed tuck-in acquisition of Healthcare software business (electronic health records, patient engagement) effective May 1.