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I3 Verticals (IIIV)
:IIIV
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.3Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -2.41%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with substantial revenue and EBITDA growth, driven by the SaaS segment and successful M&A activities. Despite a notable decline in the healthcare segment's revenue, the company's strategic focus on the public sector and a strong balance sheet indicate a robust outlook.Company Guidance
In the first quarter of fiscal year 2025, i3 Verticals reported a 12% increase in revenue, reaching $61.7 million, up from $55.1 million in Q1 2024, with organic growth accounting for 10% of this increase and an additional $1 million from a recent acquisition. Adjusted EBITDA rose 17% to $16.4 million, representing 26.5% of revenues, up from 25.4% in the previous year. The company saw significant growth in SaaS revenue at 16%, contributing to a 7.6% increase in annual recurring revenues to $193.3 million. Payments revenue grew by 7%, with expectations for SaaS and payments to lead revenue growth throughout the year. The public sector, which comprises 79% of total revenues, experienced a 12% revenue increase, while the healthcare segment saw a 14% rise in revenues, driven by recurring software services and software license sales. The company reaffirmed its guidance for FY 2025, projecting revenues between $243 million and $263 million, with adjusted EBITDA ranging from $63 million to $71.5 million, and pro forma adjusted diluted earnings per share between $1.05 and $1.25.Revenue and EBITDA Growth
Revenue increased 12% over the prior year's Q1, reaching $61.7 million, and adjusted EBITDA grew by 17% to $16.4 million.
SaaS Revenue Increase
SaaS revenue grew by 16%, contributing to the company's annual recurring revenue growth of 7.6%.
Public Sector Revenue Growth
Revenues in the public sector vertical increased by 12% to $48.8 million, driven by recurring revenue streams such as SaaS and transaction-based revenues.
Successful M&A Strategy
The most recent acquisition in the permitting and licensing space exceeded expectations and contributed approximately $1 million in revenue.
Strong Balance Sheet
The company had $85.6 million in cash as of December 31, 2024, with $450 million of borrowing capacity.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $25.68 | $28.22 | +9.89% |
| 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% |
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 May 12, 2025, TBA Not Confirmed.
What is I3 Verticals (IIIV) earnings time?
I3 Verticals (IIIV) earnings time is at May 12, 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 (Q2) is 0.3.
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