NASDAQ$IIIV
i3 Verticals Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a revenue increase of 58.8% and adjusted EBITDA increase of 59.4% compared to the prior year's second quarter.
i3 Verticals reported strong second-quarter results, with record revenue and adjusted EBITDA. The company's annualized recurring revenue increased by 47% year-over-year, and software and related services now constitute 50% of total revenue. They also announced the acquisition of a new software business in the Healthcare vertical.
- Second quarter revenue was $78.1 million, an increase of 58.8% over the prior year's second quarter.
- Second quarter net loss was $10.4 million, compared to net income of $1.3 million in the prior year's second quarter.
- Adjusted EBITDA was $19.5 million, an increase of 59.4% over the prior year's second quarter.
- Pro forma adjusted diluted earnings per share was $0.37 compared to $0.23 for the prior year's second quarter.
Headline financials
Revenue & EPS history
i3 Verticals · Revenue · Quarterly
$78.1M
Forward guidance
The Company is providing the following revised outlook for the fiscal year ending September 30, 2022:
Tailwinds
- Revenue: $300,000,000 - $312,000,000
- Adjusted EBITDA (non-GAAP): $75,000,000 - $81,000,000
- Pro forma adjusted diluted earnings per share (non-GAAP): $1.40 - $1.47
- Assumes an effective pro forma tax rate of 25.0% (non-GAAP).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.5%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+0.0%
Avg return
30 days after
35%
11 / 31 earnings
Positive
+14.6%
Q4 2019
Best reaction
-13.8%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -7.7% | -17.5% | -13.9% | |
| Q1 2026 | +5.3% | +9.8% | +18.0% | |
| Q4 2025 | -10.4% | -17.5% | -9.4% | |
| Q2 2025 | -4.3% | -0.6% | -7.7% | |
| Q1 2025 | +9.9% | +12.7% | -2.4% | |
| Q4 2024 | -1.2% | -3.0% | -3.9% | |
| Q3 2024 | -5.2% | -11.0% | -9.6% | |
| Q2 2024 | -9.9% | -10.1% | -13.9% | |
| Q1 2024 | +0.3% | +3.8% | +20.7% | |
| Q4 2023 | -0.8% | +1.4% | +1.8% | |
| Q3 2023 | -5.7% | -2.0% | -3.0% | |
| Q2 2023 | -3.8% | -9.3% | -0.9% | |
| Q1 2023 | -11.1% | -10.3% | -16.8% | |
| Q4 2022 | +7.8% | +4.5% | +5.1% | |
| Q3 2022 | -8.2% | -12.6% | -22.3% | |
| Q2 2022 | -3.1% | -7.1% | -4.1% | |
| Q1 2022 | +10.3% | +12.1% | +8.1% | |
| Q4 2021 | -2.4% | -12.0% | -5.1% | |
| Q3 2021 | -4.8% | -8.0% | -8.6% | |
| Q2 2021 | -2.6% | -0.3% | -0.7% | |
| Q1 2021 | +8.0% | +4.0% | -1.6% | |
| Q4 2020 | +0.0% | +11.5% | +31.2% | |
| Q3 2020 | +10.9% | +10.4% | +3.2% | |
| Q2 2020 | +9.5% | +10.7% | +36.9% | |
| Q1 2020 | -2.9% | -12.1% | -30.4% | |
| Q4 2019 | +14.6% | +18.0% | +28.7% | |
| Q3 2019 | -13.8% | -22.2% | -19.5% | |
| Q2 2019 | -1.5% | +0.6% | -3.2% | |
| Q1 2019 | -3.7% | -3.8% | -10.6% | |
| Q4 2018 | +11.5% | +26.9% | +27.5% | |
| Q3 2018 | -1.5% | +10.3% | +7.2% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2016 | — | — | — |
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