i3 Verticals, Inc. (IIIV) Misses Q3 EPS by 2c

i3 Verticals, Inc. (NASDAQ: IIIV) reported Q3 EPS of $0.26, $0.02 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $62 million versus the consensus estimate of $55.79 million.

Greg Daily, Chairman and CEO of i3 Verticals, commented, “We are proud of our third quarter results. Once again, we achieved new records in revenue, adjusted EBITDA, software revenue, payment volume and integration mix. The momentum we saw at the end of our second quarter continued throughout our third quarter as the economy continued to rebound. Our software-related revenue grew to 41% of our total net revenue even as we experienced excellent growth in all other revenue categories.

Our Public Sector vertical now represents over half of our company and Healthcare is now our second largest vertical. We will continue to invest in both of these markets as we pursue our software-led strategy. We believe our recent acquisitions along with our product development have strengthened our position in the market and positioned us for future growth.”

For earnings history and earnings-related data on i3 Verticals, Inc. (IIIV) click here.

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