2023-08-08 18:04:49 ET
- i3 Verticals press release ( NASDAQ: IIIV ): Q3 Non-GAAP EPS of $0.38 beats by $0.01 .
- Revenue of $93.9M (+16.6% Y/Y) misses by $0.21M .
- Third quarter adjusted EBITDA was $25.3 million, an increase of 26.0% over the prior year's third quarter.
- Annualized Recurring Revenue for the three months ended June 30, 2023 and 2022 was $311.4 million and $266.7 million, respectively, representing a period-to-period growth rate of 16.8%.
- Software and related services revenue as a percentage of total revenue was 50.3% for the three months ended June 30, 2023.
- As of June 30, 2023, consolidated interest coverage ratio was 4.31x and total leverage ratio was 4.00x. These ratios are defined in the Company's 2023 Credit Agreement.
- The Company is reaffirming its outlook for the fiscal year ending September 30, 2023. Revenue of $ 360M- $ 380M vs. consensus of $374.88M.
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i3 Verticals reports mixed Q3 earnings; reaffirms FY23 outlook