earnings
confidence high
sentiment neutral
materiality 0.70
i3 Verticals Q3 cont ops rev $56.0M (-2% YoY), adj EBITDA $12.9M (-11%); approves $50M buyback
i3 Verticals, Inc.
2024-Q3 EPS reported
-$0.20
revenue$56,037,000
- Q3 net loss from continuing ops $13.8M, vs $10.9M loss last year; diluted EPS loss $0.49 vs $0.37.
- Pro forma adj diluted EPS from cont ops $0.07, down from $0.15 a year ago; ARR $181.3M, up 4% YoY.
- Board authorized $50M share repurchase program through Aug 8, 2025; no buys until Payroc deal closes.
- On Aug 1 acquired a permitting/licensing business for $18M cash, 311,634 shares, plus up to $22M contingent.
- FY2024 cont ops guidance: rev $228-234M, adj EBITDA $56-60M; FY2025 rev $243-263M, adj EBITDA $63-71.5M.