secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001728688-22-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

i3 Verticals reports Q2 revenue $78.1M (+59% YoY), raises FY2022 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868822000030/0001728688-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868822000030/iiiv-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001728688-22-000030

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