i3 Verticals Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
IIIV$19.32+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except share and per share amounts)
| Three months ended June 30, | Nine months ended June 30, 2024 | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $56,037 | $57,260 | $169,059 | $168,138 |
| Operating expenses | ||||
| Other costs of services | 4,722 | 3,944 | 13,540 | 11,272 |
| Selling, general and administrative | 45,033 | 45,045 | 131,548 | 132,510 |
| Depreciation and amortization | 6,969 | 6,665 | 21,216 | 19,289 |
| Change in fair value of contingent consideration | (18) | 6,183 | (545) | 9,891 |
| Total operating expenses | 56,706 | 61,837 | 165,759 | 172,962 |
| (Loss) income from operations | (669) | (4,577) | 3,300 | (4,824) |
| Other expenses (income) | ||||
| Interest expense, net | 7,906 | 6,725 | 22,307 | 18,414 |
| Other income | — | (92) | (2,150) | (295) |
| Total other expenses | 7,906 | 6,633 | 20,157 | 18,119 |
| Loss before income taxes | (8,575) | (11,210) | (16,857) | (22,943) |
| Provision for (benefit from) income taxes | 5,271 | (292) | 3,507 | (500) |
| Net loss from continuing operations | (13,846) | (10,918) | (20,364) | (22,443) |
| Net income from discontinued operations, net of income taxes | 5,548 | 4,840 | 16,950 | 16,342 |
| Net loss | (8,298) | (6,078) | (3,414) | (6,101) |
| Net loss from continuing operations attributable to non-controlling interest | (2,416) | (2,392) | (3,944) | (5,702) |
| Net income from discontinued operations attributable to non-controlling interest | 1,663 | 1,469 | 5,099 | 4,960 |
| Net (loss) income attributable to non-controlling interest | (753) | (923) | 1,155 | (742) |
| Net loss from continuing operations attributable to i3 Verticals, Inc. | (11,430) | (8,526) | (16,420) | (16,741) |
| Net income from discontinued operations attributable to i3 Verticals, Inc. | 3,885 | 3,371 | 11,851 | 11,382 |
| Net loss attributable to i3 Verticals, Inc. | $(7,545) | $(5,155) | $(4,569) | $(5,359) |
| Net loss per share attributable to Class A common stockholders from continuing operations: | ||||
| Basic | $(0.49) | $(0.37) | $(0.70) | $(0.72) |
| Diluted | $(0.49) | $(0.37) | $(0.70) | $(0.72) |
| Net income per share attributable to Class A common stockholders from discontinued operations: | ||||
| Basic | $0.17 | $0.15 | $0.51 | $0.49 |
| Diluted | $0.15 | $0.13 | $0.46 | $0.44 |
| Net loss per share attributable to Class A common stockholders: | ||||
| Basic and diluted | $(0.32) | $(0.22) | $(0.20) | $(0.23) |
| Weighted average shares of Class A common stock outstanding: | ||||
| Basic | 23,420,811 | 23,179,638 | 23,339,598 | 23,104,212 |
| Diluted, for continuing operations | 23,420,811 | 23,179,638 | 23,339,598 | 23,104,212 |
| Diluted, for discontinued operations | 33,707,331 | 33,845,584 | 33,781,826 | 33,956,879 |
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