earnings
confidence high
sentiment positive
materiality 0.75
i3 Verticals Q3 revenue $80.6M (+27.6%); adj. EBITDA $20.1M (+29.1%); raises FY22 outlook
i3 Verticals, Inc.
2022-Q3 EPS reported
-$0.62
revenue$232,612,000
- Revenue $80.6M, up 27.6% YoY; net loss $4.7M, slightly wider vs $4.2M loss prior year.
- Adjusted EBITDA $20.1M (+29.1% YoY); pro forma adj. diluted EPS $0.37 vs $0.29 prior year.
- Annualized Recurring Revenue (ARR) grew 30.2% to $266.7M; software/services rev mix 48%.
- Revised FY2022 guidance: revenue $307M-$317M, adj. EBITDA $76.5M-$80.5M, adj. EPS $1.41-$1.47.
- CEO Greg Daily highlights record revenue, adjusted EBITDA; Healthcare acquisition closed April 30 showing cross-selling success.