secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001728688-23-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

i3 Verticals Q2 rev $93.9M (+20%), ARR $305.7M +20%; new $450M revolver
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- Q2 revenue $93.9M (+20.2%); net loss improved to $0.2M from $10.4M loss YoY.
- Adjusted EBITDA $24.7M (+26.8%), margin 26.3%; pro forma adj EPS $0.38 vs $0.37.
- ARR reached $305.7M (+20.1% YoY); software & services revenue 50.4% of total.
- Announced new $450M revolver with JPMorgan; lower rates and covenant flexibility (5.00x leverage).
- Revised FY2023 guidance: rev $360-380M, adj EBITDA $97-103M, pro forma adj EPS $1.46-1.56.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/0001728688-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868823000030/iiiv-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001728688-23-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer