8-K
filed November 16, 2022, 6:59 PM ET
ticker IIIV
CIK 0001728688
earnings
confidence high
sentiment positive
materiality 0.75
i3 Verticals Q4 revenue $85.3M (+27% YoY); guides FY23 rev $360-380M
i3 Verticals, Inc.
2022-FY EPS reported
-$0.77
revenue$317,862,000
- Q4 revenue $85.3M (+27% YoY); full-year revenue $317.9M (+42% YoY).
- Q4 adjusted EBITDA $21.7M (+27%); full-year adjusted EBITDA $79.5M (+44%).
- Pro forma adjusted diluted EPS Q4 $0.39 (vs $0.33); full year $1.48 (vs $1.05).
- ARR grew 33% to $281M; completed $85M Public Sector acquisition effective Oct 1.
- FY2023 guidance: revenue $360-380M, adjusted EBITDA $94-102M, adj. EPS $1.50-$1.62.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
i3 Verticals, Inc. reported the fiscal year ended September 30, 2022 results: revenue $317.9 million, net income $23.2 million, EPS $0.77 diluted net loss per share. Guidance initiated.
- Period
- the fiscal year ended September 30, 2022
- Revenue
- $317.9 million
- Net income
- $23.2 million
- EPS
- $0.77 diluted net loss per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
full year revenue was $317.9 million, an increase of 41.8% over the prior year. • Fourth quarter net loss was $4.4 million, compared to a net loss of $1.9 million in the prior year's fourth quarter. Net loss for the year ended September 30, 2022, was $23.2 million, compared to a net loss of $7.8 million for the year ended September 30, 2021. • Fourth quarter net loss attributable to i3 Verticals, Inc. was $3.5 million; full year net loss attributable to i3 Verticals, Inc. was $17.1 million. • Fourth quarter adjusted EBITDA 1 was $21.7 million, an increase of 27.4% over the prior year's fourth quarter. Adjusted EBITDA 1 for the year ended September 30, 2022, was $79.5 million, an increase of 43.6% over the prior year. • Adjusted EBITDA 1 as a percentage of revenue was 25.0% for the year ended September 30, 2022, compared to 24.7% for the year ended September 30, 2021. • Fourth quarter diluted net loss per share available to Class A common stock was $0.15, compared to a net loss per shar
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
i3 Verticals, Inc. reported the fiscal fourth quarter ended September 30, 2022 results: revenue $85.3 million, net income $4.4 million, EPS $0.15 diluted net loss per share. Guidance initiated.
- Period
- the fiscal fourth quarter ended September 30, 2022
- Revenue
- $85.3 million
- Net income
- $4.4 million
- EPS
- $0.15 diluted net loss per share
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
• Fourth quarter revenue was $85.3 million, an increase of 26.9% over the prior year's fourth quarter; full year revenue was $317.9 million, an increase of 41.8% over the prior year. • Fourth quarter net loss was $4.4 million, compared to a net loss of $1.9 million in the prior year's fourth quarter. Net loss for the year ended September 30, 2022, was $23.2 million, compared to a net loss of $7.8 million for the year ended September 30, 2021. • Fourth quarter net loss attributable to i3 Verticals, Inc. was $3.5 million; full year net loss attributable to i3 Verticals, Inc. was $17.1 million. • Fourth quarter adjusted EBITDA 1 was $21.7 million, an increase of 27.4% over the prior year's fourth quarter. Adjusted EBITDA 1 for the year ended September 30, 2022, was $79.5 million, an increase of 43.6% over the prior year. • Adjusted EBITDA 1 as a percentage of revenue was 25.0% for the year ended September 30, 2022, compared to 24.7% for the year ended September 30, 2021. • Fourth quarter
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Paul Christians was appointed as Chief Operating Officer at i3 Verticals, Inc..
- Action
- appointed
- Role
- Chief Operating Officer
Exact text from the filing
On November 16, 2022, Paul Christians was appointed as the Company’s Chief Operating Officer.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
i3 Verticals, Inc.: Board adopted amended and restated bylaws to enhance procedural mechanics for stockholder nominations, reflect recent DGCL changes, and make other updates (effective 2022-11-16).
- Change
- bylaw amendment
- Effective
- 2022-11-16
Exact text from the filing
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Effective as of November 16, 2022, th e Board adopted amended and restated bylaws of the Company (the bylaws, as so amended and restated, the “Amended and Restated Bylaws”) in connection with the new Securities and Exchange Commission rules regarding universal proxy cards, certain recent changes to the General Corporation Law of the State of Delaware (the “DGCL”), and a periodic review of the bylaws.
View on SEC.gov
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