I3 Verticals, Inc. Reports Earnings Results for the Fourth Quarter Ended September 30, 2020
November 19, 2020 at 04:35 pm EST
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i3 Verticals, Inc. announced earnings results for the fourth quarter ended September 30, 2020. For the fourth quarter, the company announced sales was USD 38.272 million compared to USD 108.562 million a year ago. Operating income was USD 1.198 million compared to USD 1.869 million a year ago. Net loss was USD 651,000 compared to USD 930,000 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.07 a year ago.
i3 Verticals, Inc. builds, acquires, and grows software solutions in strategic vertical markets. The Company operates through two segments: Merchant Services and Software and Services. The Software and Services segment delivers vertical market software solutions to customers across all of its strategic vertical markets. These solutions often include embedded payments or other recurring services. The Merchant Services segment provides comprehensive payment solutions to businesses and organizations. Its Merchant Services segment includes third-party integrated payment solutions as well as traditional merchant processing services across its vertical markets. It offers integrated digital solutions offering dynamic processes to plan, coordinate, evaluate, record, and provide up to date information within court systems. It offers solutions for driver license, vehicle title and registration and motor carrier compliance for departments of transportation in the United States and Canada.
I3 VERTICALS, INC. 
