i3 Verticals, Inc. (IIIV) Tops Q2 EPS by 2c; Not Providing Guidance
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i3 Verticals Reports Second Quarter 2020 Financial Results
May 7, 2020 4:30 PM EDTNASHVILLE, Tenn.--(BUSINESS WIRE)-- i3 Verticals, Inc. (Nasdaq: IIIV) (i3 Verticals or the Company) today reported its financial results for the fiscal second quarter ended March 31, 2020.
Highlights for the fiscal second quarter and six months ended March 31, 2020 vs. 2019
Second quarter revenue was $39.2 million, a decrease of 54% over the prior year's second quarter. Revenue for the six months ended March 31, 2020, was $80.3 million, a decrease of 53% over the prior year's first six months. Results for 2020 reflect the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers.1 Second... More