i3 Verticals Q1 revenue $92M (+6.9%); explores sale of Merchant Services; lowers FY24 EPS guidance

i3 Verticals, Inc.

2024-Q1 EPS reported $0.04 revenue$55,054,000

Revenue $92.0M (+6.9% YoY); Net income $1.5M vs $0.2M; Adjusted EBITDA $25.2M (+6.6%).
Pro forma adjusted diluted EPS $0.36 vs $0.37 YoY; ARR $316.9M (+9.2%).
Board initiates sale exploration of Merchant Services business; Raymond James retained as advisor.
Revised FY2024 guidance: revenue $385M-$400M, Adj. EBITDA $109M-$115M, pro forma EPS $1.52-$1.64 (down from $1.60-$1.78).
Software & Services segment revenue $56.6M (+6%); Merchant Services revenue $35.4M (+8%).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

i3 Verticals, Inc. reported the three months ended December 31, 2023 results: revenue $92.0 million. Guidance reaffirmed.

Period: the three months ended December 31, 2023
Revenue: $92.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today reported its financial results for the fiscal first quarter ended December 31, 2023. Highlights for the three months ended December 31, 2023 vs. 2022 • Revenue was $92.0 million, an increase of 6.9% over the prior year's first quarter. • Net income was $1.5 million, compared to net income of $0.2 million in the prior year's first quarter. • Net income

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i3 Verticals, Inc. filing history →

Source: SEC EDGAR

accession 0001728688-24-000013

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