I3 Verticals, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 09, 2023 at 01:35 am IST
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i3 Verticals, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 93.93 million compared to USD 80.55 million a year ago. Net loss was USD 5.16 million compared to USD 3.73 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 0.17 a year ago.
For the nine months, sales was USD 273.83 million compared to USD 232.61 million a year ago. Net loss was USD 5.36 million compared to USD 13.63 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.62 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 0.62 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. 
