I3 Verticals, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
May 09, 2023 at 04:05 pm EDT
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i3 Verticals, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported sales was USD 93.87 million compared to USD 78.12 million a year ago. Net income was USD 0.036 million compared to net loss of USD 7.37 million a year ago.
For the six months, sales was USD 179.9 million compared to USD 152.06 million a year ago. Net loss was USD 0.204 million compared to USD 9.9 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.45 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.45 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. 
