earnings
confidence high
sentiment positive
materiality 0.75
i3 Verticals Q1 revenue $86M (+16% YoY); raises FY adjusted EBITDA guidance to $95-103M
i3 Verticals, Inc.
2023-Q1 EPS reported
-$0.01
revenue$51,712,000
- Revenue $86.0M, up 16.4% YoY; net income $0.2M vs net loss $3.7M prior year.
- Adjusted EBITDA $23.6M (+29.3% YoY); margin 27.4% vs 24.7%.
- ARR $290.2M, up 20.7% YoY; software & related services 48% of revenue.
- Revised FY23 outlook: revenue $360-380M (unchanged); adjusted EBITDA raised to $95-103M.
- Acquired AccuFund effective Jan 1, 2023; Celtic integration progressing.