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Jun 30, 2021
i3 Verticals Q3 2021 Earnings Report
Reported financial results with revenue increase and net loss compared to the previous year's third quarter
Key Takeaways
i3 Verticals reported a strong third quarter with a 96% increase in revenue compared to the prior year's third quarter. The company achieved new records in revenue, adjusted EBITDA, software revenue, payment volume and integration mix. However, the company reported a net loss of $4.6 million, compared to a net loss of $2.8 million in the prior year's third quarter.
Third quarter revenue was $62.0 million, an increase of 96% over the prior year's third quarter.
Third quarter net loss was $4.6 million, compared to net loss of $2.8 million in the prior year's third quarter.
Software and related services revenue as a percentage of total revenue was 40%.
Integrated payments were 60% of payment volume for the three months ended June 30, 2021.
Forward Guidance
The Company is providing the following revised outlook for the fiscal year ending September 30, 2021:
Positive Outlook
- Revenue (excludes Acquisition Revenue Adjustments) $212,000,000 - $222,000,000
- Adjusted EBITDA(1) (excludes Acquisition Revenue Adjustments) $49,000,000 - $52,500,000
- Pro forma adjusted diluted earnings per share(1)(2) (excludes Acquisition Revenue Adjustments) $0.90 - $0.96
- Acquisition revenue adjustments(1)(3) $5,083,000
- Acquisition Revenue Adjustments impact on pro forma adjusted diluted earnings per share(1)(2)(3) $0.11
Historical Earnings Impact
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Avg. Return Before/After Earnings
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