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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.
i3 Verticals
i3 Verticals
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).