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I3 Verticals ( (IIIV) ) has issued an update.
i3 Verticals reported its financial results for the fiscal first quarter ending December 31, 2024, showing a 12.1% increase in revenue from continuing operations compared to the previous year. The company also turned a net income of $3.3 million, a significant improvement from a net loss of $4.2 million in the prior year’s first quarter. With a strong balance sheet and upward trends in revenue and margins, i3 Verticals expects continued growth in its SaaS segment and payment capabilities, despite divesting its merchant services business. The company reaffirmed its fiscal year 2025 outlook, highlighting its ability to integrate payment services within its existing software offerings as a key competitive advantage.
More about I3 Verticals
i3 Verticals delivers integrated software solutions to strategic vertical markets, focusing on sectors such as Public Sector and Healthcare. The company develops and acquires software products tailored to the needs of public and private organizations within these markets.
YTD Price Performance: 9.49%
Average Trading Volume: 259,985
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $853.6M
For a thorough assessment of IIIV stock, go to TipRanks’ Stock Analysis page.
