i3 Verticals, Inc. (IIIV) Tops Q1 EPS by 1c

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Go back to i3 Verticals, Inc. (IIIV) Tops Q1 EPS by 1c

i3 Verticals Reports First Quarter 2020 Financial Results

February 10, 2020 4:30 PM EST

NASHVILLE, Tenn., Feb. 10, 2020 (GLOBE NEWSWIRE) -- i3 Verticals, Inc. (Nasdaq: IIIV) (i3 Verticals or the Company) today reported its financial results for the fiscal first quarter ended December 31, 2019.

Highlights for the fiscal first quarter of 2020 vs. 2019

Revenue was $41.1 million, a decrease of 52% over the prior year's first quarter. 2020 results reflect the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers.1Adjusted net revenue2, which excludes acquisition revenue adjustments and interchange and network fees, was $41.6 million, an increase of 41% over... More