I3 Verticals, Inc. · NASDAQ:IIIV
I3 Verticals — Q1 2025 Earnings Presentation
11 slides from I3 Verticals's earnings presentation, Feb 7, 2025
Slide 1: Q1 Fiscal Year 2025 Supplemental Information
Q1 FISCAL YEAR 2025 Supplemental Information 1
Slide 2: Revenue Composition - Continuing Operations
(1) Revenue Composition - Continuing Operations ($ in thousands) Quarter Ended December 31, September 30, March 31, December 31, September 30, March 31, December 31, 2024 2024 June 30, 2024 2024 2023 2023 June 30, 2023 2023 2022 Software and related service revenue SaaS(2) $ 10,182 $ 9,677 $ 8,834 $
Slide 3: Revenue Composition - Continuing Operations (footnotes)
Revenue Composition - Continuing Operations 1.) As a result of the sale of our merchant services business (the “Merchant Services Business”) pursuant to the terms of the securities purchase agreement dated as of June 26, 2024 (the “Purchase Agreement”), entered into by us with Payroc, the historical
Slide 4: Q1 Fiscal 2025 GAAP Measures
Q1 Fiscal 2025 GAAP Measures The following is our income (loss) from operations for the three months ended December 31, 2024 and 2023 calculated in accordance with GAAP and presented for continuing operations only. The presentation also includes references to non-GAAP financial measures presented by
Slide 5: Q1 2025 Segment Performance
Q1 2025 Segment Performance(1) ($ in thousands) Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 Public Sector Healthcare Other Total Public Sector Healthcare Other Total Revenue from continuing operations $ 48,785 $ 13,171 $ (265) $ 61,691 $ 43,498 $ 11,580 $ (24) $ 55,054
Slide 6: Q2-Q4 2024 Quarterly Segment Performance
Q2-Q4 2024 Quarterly Segment Performance(1) ($ in thousands) Three Months Ended September 30, 2024 Public Sector Healthcare Other Total Revenue from continuing operations $ 49,603 $ 11,400 $ (139) $ 60,864 Recurring cash other costs of services(2)(3) 15,114 6,366 631 22,111 Recurring cash SG&A expen
Slide 7: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarterly income (loss) from continuing operations attributable to i3 Verticals, Inc. to non-GAAP adjusted income (loss) before taxes from continuing operations, non-GAAP pro forma adjusted net income from continuing operations
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarterly GAAP diluted EPS from continuing operations and non-GAAP pro forma adjusted diluted EPS from continuing operations is as follows: ($ in thousands, except share and per share amounts) Three Months Ended Three Months End
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1.) Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balanc
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The reconciliation of our quarterly income (loss) from continuing operations attributable to i3 Verticals, Inc. to non-GAAP adjusted income (loss) before taxes from continuing operations, non-GAAP pro forma adjusted net income from continuing operations
Slide 11: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 1.) Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash consideration to be paid in connection with prior acquisitions from the amount estimated as of the later of the most recent balanc