secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001728688-24-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868824000013/0001728688-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868824000013/iiiv-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001728688-24-000013

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