Latest news with #i3Verticals
Yahoo
3 days ago
- Business
- Yahoo
i3 Verticals Inc (IIIV) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Release Date: August 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points i3 Verticals Inc (NASDAQ:IIIV) reported a 12% revenue growth in the third quarter, with SaaS revenue growing at 24% compared to the prior year. The company has a strong balance sheet with over $50 million in net cash and a revolving credit facility with a capacity of up to $400 million. i3 Verticals Inc (NASDAQ:IIIV) successfully divested its healthcare revenue cycle management business, allowing it to focus on its public sector software business. The company is investing in AI to enhance product features and streamline product development, which has resulted in significant user time savings and initial incremental revenue. The company has a strong pipeline for potential acquisitions, focusing on the public sector vertical, and maintains a disciplined M&A process. Negative Points The company expects increased costs in the fourth quarter due to scaling up people costs in preparation for future revenue opportunities. Non-recurring software license sales are less predictable and can distort seasonality, as seen with a high sales quarter in FY 2024 that is not expected to repeat. The company is facing margin compression in the fourth quarter due to incremental investments in the justice tech sector. There is a wide range of outcomes for the fourth quarter guidance, with potential deceleration in organic revenue growth due to strong license sales in the previous year. The company is still in the process of integrating AI solutions across its product lines, which may require further investment and development time. Q & A Highlights Warning! GuruFocus has detected 10 Warning Signs with IIIV. Q: Jeff, regarding the guidance, you didn't tighten the range. Is the midpoint the right way to think about the implied 4Q guide? A: Yes, that's exactly right. Just focus on the midpoint since we weren't trying to move it up or down; we just reiterated it. - Jeff Smith, CFO Q: It seems like organic revenue growth will decelerate due to a strong license quarter last year. Is that the main reason for the deceleration? A: Yes, the deceleration is primarily due to the strong license sales last year, particularly related to our utilities deal. We don't expect a similar occurrence this Q4 unless something unexpected happens. - Jeff Smith, CFO Q: Can you elaborate on the justice tech incremental investments and the revenue opportunities you see in 2026 and beyond? A: The justice tech space is performing well, and we're competing on larger deals. The investments are recent and responsive to opportunities that have arisen this year. We expect about $700,000 in incremental expenses in Q4. - Jeff Smith, CFO Q: Greg, with the business now focused on public sector software, which areas are you most excited about for growth? A: All our sub-verticals are performing well, including education, utilities, and transportation. I believe 2026 will be spectacular, with none of our verticals lagging. - Greg Daly, CEO Q: How often do you partner with other firms for deals, especially for statewide deals? A: We can handle most aspects of deals ourselves, but we partner with integration firms about 1 in 5 or 6 times, more often in the transportation sector. - Paul Christians, Chief Revenue Officer For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Globe and Mail
24-07-2025
- Business
- Globe and Mail
i3 Verticals Announces Earnings Release and Conference Call Date for Third Quarter of Fiscal 2025
i3 Verticals, Inc. (Nasdaq: IIIV) ('i3 Verticals' or the 'Company'), announced today that it will release its financial results for the third quarter ended June 30, 2025, on Thursday, August 7, 2025, after the Nasdaq market close. The Company will also host a conference call on Friday, August 8, 2025, at 8:30 a.m. EDT to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. EDT on August 8, 2025, through August 15, 2025, by dialing (877) 344-7529 and entering Confirmation Code 4426770. To listen to the call live via webcast, participants should visit the 'Investors' section of the Company's website, , and go to the 'Events & Presentations' page approximately 10 minutes prior to the start of the call. The online replay will be available on this page of the Company's website beginning shortly after the conclusion of the call and will remain available for 30 days. About i3 Verticals The Company provides innovative software and services solutions to its public sector customers. These comprehensive solutions cover a broad range of applications, including cloud native enterprise software, all of which enable state and local governments and related agencies to serve their constituents in an efficient and seamless manner. With thousands of software installations across all 50 states and Canada, i3 Verticals is a leader in the public sector vertical. More information about the Company can be found at . View source version on
Business Wire
24-07-2025
- Business
- Business Wire
i3 Verticals Announces Earnings Release and Conference Call Date for Third Quarter of Fiscal 2025
NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. (Nasdaq: IIIV) ('i3 Verticals' or the 'Company'), announced today that it will release its financial results for the third quarter ended June 30, 2025, on Thursday, August 7, 2025, after the Nasdaq market close. The Company will also host a conference call on Friday, August 8, 2025, at 8:30 a.m. EDT to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. EDT on August 8, 2025, through August 15, 2025, by dialing (877) 344-7529 and entering Confirmation Code 4426770. To listen to the call live via webcast, participants should visit the 'Investors' section of the Company's website, and go to the 'Events & Presentations' page approximately 10 minutes prior to the start of the call. The online replay will be available on this page of the Company's website beginning shortly after the conclusion of the call and will remain available for 30 days. About i3 Verticals The Company provides innovative software and services solutions to its public sector customers. These comprehensive solutions cover a broad range of applications, including cloud native enterprise software, all of which enable state and local governments and related agencies to serve their constituents in an efficient and seamless manner. With thousands of software installations across all 50 states and Canada, i3 Verticals is a leader in the public sector vertical. More information about the Company can be found at
Yahoo
28-05-2025
- Business
- Yahoo
i3 Verticals to Participate in June 2025 Investor Conferences
NASHVILLE, Tenn., May 28, 2025--(BUSINESS WIRE)--i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ: IIIV), announced today that management plans to participate in four upcoming investor conferences: Conference Date Time and Place Participant(s) Baird Global Consumer, Technology & Services Conference Wednesday,June 4, 2025 1x1 meetings Presentation - 11:25 a.m. ET InterContinental New York BarclayNew York, N.Y. Geoff Smith, CFO Clay Whitson, CSO Benchmark Fintech Conference Thursday,June 5, 2025 1x1 meetings Fireside chat - 11 a.m. ET Virtual Geoff Smith, CFO Clay Whitson, CSOMolly Lanford,Director FP&A BMO Virtual Software Conference Monday,June 9, 2025 1x1 meetings Virtual Clay Whitson, CSOMolly Lanford,Director FP&A D.A. Davidson Consumer & Technology Conference Tuesday,June 10, 2025 1x1 meetings Four Seasons Nashville, Tenn. Clay Whitson, CSOMolly Lanford,Director FP&A About i3 Verticals The Company delivers seamless enterprise software to customers in strategic vertical markets. Building on its sophisticated and diverse platform of software and services solutions, the Company creates and acquires software products to serve the specific needs of public and private organizations in the Public Sector. View source version on Contacts Clay WhitsonChief Strategy Officer(888) 251-0987Investorrelations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
06-05-2025
- Business
- Business Wire
i3 Verticals Divests Healthcare RCM Business
NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. ('i3 Verticals' or the 'Company') (NASDAQ: IIIV), and Infinx, Inc. ('Infinx'), a leader in AI-powered revenue cycle management solutions, today announced the entry into a definitive agreement and the contemporaneous closing of the sale of i3 Verticals' Healthcare Revenue Cycle Management ('RCM') business, including its associated proprietary technology, to Infinx, in an all-cash transaction for $96 million, subject to post-closing purchase price adjustments. The Company will give more detailed information during its quarterly conference call on Friday, May 9, 2025, at 8:30 a.m. ET. Greg Daily, Chairman and CEO of i3 Verticals, stated, 'Several years ago we set off to build a platform to deliver fantastic revenue cycle management solutions for the healthcare industry. We are proud of what we built and continue to believe that this is an attractive market. However, we also recognize that scale is important in revenue cycle management, and our future is in providing enterprise software solutions in other markets. We found a great partner, and our healthcare management team will be well positioned to accomplish great things with Infinx. 'After the divestiture, we will be completely streamlined, focused on the Public Sector vertical, including the K-12 public education markets. We believe that focusing our efforts in this targeted area will maximize our growth potential and allow us to bring our customers the best possible service. We look forward to driving innovation and excellence in these sectors.' Jaideep Tandon, Chairman and CEO of Infinx, stated, 'We're thrilled to welcome the i3 Verticals Healthcare RCM team and their customers into the Infinx family. Their deep experience supporting Academic Medical Centers, along with the strong and trusted relationships they've built over time, is a powerful complement to our mission. By combining their domain expertise with our AI-powered RCM Insights, patient access, and automation solutions, we look forward to working alongside them to deliver meaningful financial and clinical outcomes for healthcare providers nationwide.' Advisors Raymond James & Associates, Inc. served as financial advisors to i3 Verticals and Bass, Berry and Sims, PLC served as legal advisor to i3 Verticals. Stinson LLP served as legal advisor to Infinx. About i3 Verticals The Company delivers seamless enterprise software to customers in strategic vertical markets. Building on its sophisticated and diverse platform of software and services solutions, the Company creates and acquires software products to serve the specific needs of public and private organizations in the Public Sector (including K-12 public education). About Infinx Founded in 2012, Infinx provides scalable, AI-driven solutions to optimize the financial lifecycle of healthcare providers across all functions of patient access and revenue cycle management. Its cloud-based software, powered by AI and automation, is leveraged by experienced consultants and billing specialists across the U.S., India, and the Philippines. Infinx helps 172,000 healthcare professionals across 4,000 facilities capture more revenue, stay ahead of changing regulations and payer guidelines, and focus on patient care. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which involve risk and uncertainties. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'anticipate,' 'estimate,' 'expect,' 'project,' 'plan,' 'intend,' 'believe,' 'may,' 'will,' 'should,' 'could have,' 'exceed,' 'significantly,' 'likely' and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. These forward-looking statements are based on the Company's current beliefs, understandings and expectations. These forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied include risks associated with the Company's ability to execute on its strategy and achieve its goals and other expectations after completion of these transactions and risks related to the ancillary agreements entered at the closing of these transactions, as well as the risks set forth in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission on November 25, 2024, the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, filed with the Securities and Exchange Commission on February 7, 2025, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking statement made by the Company in this press release speaks only as of the date of this press release, and the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
