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Stock impact report

i3 Verticals Reports First Quarter 2024 Financial Results

i3 Verticals, Inc. (IIIV) 
Last i3 verticals, inc. earnings: 2/10 04:30 pm Check Earnings Report
Company Research Source: Business Wire
Company to Explore Sale of Its Merchant Services Business NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”) today reported its financial results for the fiscal first quarter ended December 31, 2023.Highlights for the three months ended December 31, 2023 vs. 2022Revenue was $92.0 million, an increase of 6.9% over the prior year's first quarter.Net income was $1.5 million, compared to net income of $0.2 million in the prior year's first quarter.Net income attributable to i3 Verticals, Inc. was $1.1 million, compared to net loss attributable to i3 Verticals, Inc. of $0.2 million in the prior year's first quarter.Adjusted EBITDA1 was $25.2 million, an increase of 6.6% over the prior year's first quarter.Adjusted EBITDA1 as a percentage of revenue was 27.4%, unchanged from the prior year's first quarter.Diluted net income per share available to Class A common stock was $0.04, compared to diluted net loss per share available to Class A Show less Read more
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