i3 Verticals Q2 revenue flat, net income positive; lowers FY2024 guidance

i3 Verticals, Inc.

2024-Q2 EPS reported $0.13 revenue$57,968,000

Q2 revenue $94.5M (+0.7% YoY); net income $3.3M vs loss $0.2M prior year.
Pro forma adj diluted EPS $0.34 vs $0.38; ARR $322.5M, up 5.5% YoY.
Software & Services rev down 2% to $59.5M; Merchant Services rev up 6% to $35.1M.
Revised FY2024 guidance: revenue $380M-$394M (prev $385M-$400M), adj EBITDA $107M-$113M.
Exploration of sale of Merchant Services business ongoing; no assurance of transaction.

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 0.9

i3 Verticals, Inc. updated its the fiscal year ending September 30, 2024 guidance (lowered).

Period: the fiscal year ending September 30, 2024
Guidance: lowered
Result: guidance update

Exact text from the filing

The Company is providing the following revised outlook for the fiscal year ending September 30, 2024:

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

i3 Verticals, Inc. updated its the three and six months ended March 31, 2024 guidance (reaffirmed).

Period: the three and six months ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 10, 2024, i3 Verticals, Inc. (the “Company”) issued a press release announcing the results of its operations for the three and six months ended March 31, 2024.

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i3 Verticals, Inc. filing history →

Source: SEC EDGAR

accession 0001728688-24-000057

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