Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
21 June 2018Website:
http://www.i3verticals.comNext earnings report:
15 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:02:42 GMTDividend
Analysts recommendations
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IIIV Latest News
i3 Verticals, Inc. (NASDAQ:IIIV ) Q3 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Geoff Smith - SVP, Finance Greg Daily - Chairman & CEO Clay Whitson - CFO Rick Stanford - President Paul Christians - CRO Conference Call Participants John Davis - Raymond James Matt VanVliet - BTIG Charles Nabhan - Stephens Alex Markgraff - KeyBanc Capital Markets Peter Heckmann - D.A. Davidson Rufus Hone - BMO Capital Markets Operator Good day, everyone, and welcome to the i3 Verticals Third Quarter 2024 Earnings Conference Call.
NASHVILLE, Tenn.--(BUSINESS WIRE)---- $IIIV--i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”) today reported its financial results for the fiscal third quarter ended June 30, 2024. Highlights for the three and nine months ended June 30, 2024 vs. 2023 from continuing operations1 Third quarter revenue from continuing operations was $56.0 million, a decrease of 2% over the prior year's third quarter. Revenue from continuing operations for the nine months ended June 30, 2024, was $169.1 mi.
The divestment of the merchant of record payment business to Payroc is set to help i3 Verticals (IIIV) focus on its core businesses and reduce its debt burden.
NASHVILLE, Tenn.--(BUSINESS WIRE)---- $IIIV--i3 Verticals, Inc. (“i3 Verticals” or the “Company”) (NASDAQ: IIIV), and Payroc WorldAccess, LLC (“Payroc”), a leading omni-channel payments provider, today announced that the companies have entered into a definitive agreement whereby Payroc will acquire i3 Verticals' merchant of record payments business, including its associated proprietary technology (the “divested business”), in an all-cash transaction for $440 million, subject to certain purchase price adj.
i3 Verticals, Inc. (Nasdaq: IIIV) will announce its financial results for the second quarter ending March 31, 2024, on Friday, May 10 before the Nasdaq market opens. The Company will hold a conference call on the same day at 9:00 a.m. ET to discuss financial results and operations. To listen to the call live, participants can dial (844) 887-9399 approximately 10 minutes before the scheduled start time.
The headline numbers for i3 Verticals (IIIV) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
I3 Verticals (IIIV) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.37 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for i3 Verticals (IIIV), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
Although the revenue and EPS for i3 Verticals (IIIV) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
I3 Verticals (IIIV) came out with quarterly earnings of $0.38 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.37 per share a year ago.
What type of business is i3 Verticals?
i3 Verticals, Inc. provides integrated payment and software solutions for small and medium businesses and organizations in the education, non-profit, government, real estate, and healthcare sectors in the USA. The company was founded in 2012 and is headquartered in Nashville, Tennessee.
What sector is i3 Verticals in?
i3 Verticals is in the Technology sector
What industry is i3 Verticals in?
i3 Verticals is in the Software Infrastructure industry
What country is i3 Verticals from?
i3 Verticals is headquartered in United States
When did i3 Verticals go public?
i3 Verticals initial public offering (IPO) was on 21 June 2018
What is i3 Verticals website?
https://www.i3verticals.com
Is i3 Verticals in the S&P 500?
No, i3 Verticals is not included in the S&P 500 index
Is i3 Verticals in the NASDAQ 100?
No, i3 Verticals is not included in the NASDAQ 100 index
Is i3 Verticals in the Dow Jones?
No, i3 Verticals is not included in the Dow Jones index
When was i3 Verticals the previous earnings report?
No data
When does i3 Verticals earnings report?
The next expected earnings date for i3 Verticals is 15 November 2024