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Sep 30, 2022
i3 Verticals Q4 2022 Earnings Report
Reported financial results for the fiscal fourth quarter and year ended September 30, 2022.
Key Takeaways
i3 Verticals reported a 26.9% increase in fourth-quarter revenue to $85.3 million compared to the prior year's fourth quarter. The company's fourth-quarter net loss was $4.4 million, and adjusted EBITDA increased by 27.4% to $21.7 million.
Fourth quarter revenue increased by 26.9% year-over-year to $85.3 million.
Net loss for the fourth quarter was $4.4 million, compared to a net loss of $1.9 million in the prior year's fourth quarter.
Adjusted EBITDA for the fourth quarter increased by 27.4% year-over-year to $21.7 million.
Pro forma adjusted diluted earnings per share for the fourth quarter was $0.39, compared to $0.33 in the prior year's fourth quarter.
Forward Guidance
The Company is providing the following outlook for the fiscal year ending September 30, 2023, excluding future acquisitions and transaction-related costs: Revenue is expected to be between $360 million and $380 million, Adjusted EBITDA is expected to be between $94 million and $102 million, Cash interest expense is expected to be between $19 million and $22 million, and Pro forma adjusted diluted earnings per share is expected to be between $1.50 and $1.62.
Positive Outlook
- Revenue is expected to be between $360 million and $380 million.
- Adjusted EBITDA is expected to be between $94 million and $102 million.
- Cash interest expense is expected to be between $19 million and $22 million.
- Pro forma adjusted diluted earnings per share is expected to be between $1.50 and $1.62.
- Assumes an effective pro forma tax rate of 25.0% (non-GAAP).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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