secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001728688-23-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

i3 Verticals Q3 revenue $93.9M, up 16.6% YoY; adjusted EBITDA $25.3M, up 26%
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- Revenue $93.9M, +16.6% YoY; net loss $6.1M vs $4.7M loss prior year.
- Adjusted EBITDA $25.3M, 26.9% margin vs 24.9% prior; ARR $311.4M (+16.8%).
- Software & related services 50.3% of revenue; SaaS revenue grew 20% YoY.
- Reaffirms FY2023 guidance: revenue $360-380M, adj. EBITDA $97-103M.
- Secured two new state-level contracts in Public Sector (Justice Tech & Transportation).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868823000036/0001728688-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868823000036/iiiv-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001728688-23-000036

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