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I3 Verticals: Fiscal Q2 Earnings Snapshot

May 9, 2022 GMT

NASHVILLE, Tenn. (AP) _ I3 Verticals, Inc. (IIIV) on Monday reported a fiscal second-quarter loss of $7.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 33 cents. Earnings, adjusted for one-time gains and costs, were 37 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The company posted revenue of $78.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $71.4 million.

I3 Verticals expects full-year earnings in the range of $1.40 to $1.47 per share, with revenue in the range of $300 million to $312 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IIIV at https://www.zacks.com/ap/IIIV