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I3 Verticals (IIIV)
NASDAQ:IIIV
Holding IIIV?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.26Last Year’s EPS
$0.36Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2024
|% Change Since: -4.34%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with highlights including revenue growth and a strong balance sheet, countered by challenges in the healthcare segment and professional services. The company's focus on transitioning to a software-centric model and a strong M&A pipeline suggests potential future growth.Company Guidance
During the i3 Verticals Q4 2024 earnings call, the company provided optimistic guidance for fiscal year 2025, anticipating revenues between $243 million and $263 million and adjusted EBITDA in the range of $63 million to $71.5 million. Management is confident in achieving high single-digit organic growth, driven by strong sales funnel visibility and robust product development. The company also expects an annual adjusted EBITDA margin expansion of 50 to 100 basis points. Key growth areas include recurring revenue streams, particularly in the public sector, with SaaS and transaction-based revenues growing by 8% and 11%, respectively, in Q4 2024. The company's balance sheet remains strong, with $86.5 million in cash and $450 million in borrowing capacity, positioning i3 Verticals well for future M&A activities.Revenue Growth
Revenues for Q4 2024 increased 4% to $60.9 million from $58.6 million for Q4 2023, with SaaS and payments revenue growing 8% and transaction-based revenues increasing 11%.
Recurring Revenue Strength
Annualized recurring revenues increased 7.5% year-over-year, with 77% of Q4 revenues coming from recurring sources.
Public Sector Performance
Revenues in the Public Sector vertical increased 6% to $49.6 million for Q4 2024 from $46.9 million for Q4 2023, representing 81% of total revenues during the quarter.
Strong Balance Sheet
Debt stood at $26.2 million with $450 million of borrowing capacity under the revolving credit facility. Cash balance was $86.5 million as of September 30.
Significant M&A Potential
The acquisition pipeline is strong with expectations to generate 3 to 5 acquisitions in 2025.
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IIIV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IIIV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | $24.40 | $23.19 | -4.96% |
| Aug 08, 2024 | $24.23 | $22.42 | -7.47% |
| May 10, 2024 | $22.17 | $20.05 | -9.56% |
| Feb 08, 2024 | $18.87 | $18.58 | -1.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does I3 Verticals (IIIV) report earnings?
I3 Verticals (IIIV) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is I3 Verticals (IIIV) earnings time?
I3 Verticals (IIIV) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IIIV EPS forecast?
IIIV EPS forecast for the fiscal quarter 2025 (Q1) is $0.26.
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