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Sep 30, 2021
i3 Verticals Q4 2021 Earnings Report
Reported financial results for the fiscal fourth quarter and year ended September 30, 2021.
Key Takeaways
i3 Verticals reported a strong fourth quarter with significant year-over-year revenue and adjusted EBITDA growth. The company's focus on vertical market software and embedded payment opportunities drove revenue and payment volume increases. The company also announced an acquisition in the Healthcare vertical and the addition of Decosta Jenkins to its Board of Directors.
Fourth quarter revenue increased by 76% year-over-year to $67.2 million.
Fourth quarter net loss was $1.9 million, slightly better than the prior year's $2.0 million loss.
Adjusted EBITDA for the fourth quarter increased by 79.0% year-over-year to $17.1 million.
Software and related services revenue reached 42% of total revenue for the quarter.
i3 Verticals
i3 Verticals
Forward Guidance
The Company provided its outlook for the fiscal year ending September 30, 2022, excluding future acquisitions and transaction-related costs.
Positive Outlook
- Revenue is projected to be between $280 million and $300 million.
- Adjusted EBITDA is expected to be in the range of $70 million to $78 million.
- Pro forma adjusted diluted earnings per share are anticipated to be between $1.25 and $1.40.
- Assumes an effective pro forma tax rate of 25.0% (non-GAAP).