secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001728688-24-000081
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

i3 Verticals Q3 cont ops rev $56.0M (-2% YoY), adj EBITDA $12.9M (-11%); approves $50M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868824000081/0001728688-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868824000081/iiiv-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001728688-24-000081

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