secwatch.observer — SEC 8-K summary
======================================

Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001728688-24-000057
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 Q2 revenue flat, net income positive; lowers FY2024 guidance
-------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868824000057/0001728688-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868824000057/iiiv-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001728688-24-000057

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