Plans to Discuss BIS Acquisition on Earnings
Conference Call
i3 Verticals, Inc. (Nasdaq: IIIV) (“i3 Verticals” or the
“Company”) today reported its financial results for the fiscal
first quarter ended December 31, 2020.
Highlights for the fiscal first quarter of 2021 vs.
2020
- First quarter revenue was $43.3 million, an increase of 5% over
the prior year's first quarter.
- First quarter adjusted net revenue1, which excludes acquisition
revenue adjustments, was $44.9 million, an increase of 8% over the
prior year's first quarter.
- First quarter net loss was $4.1 million, compared to net income
of $1.9 million in the prior year's first quarter.
- First quarter adjusted EBITDA1 was $10.9 million, a decrease of
8% over the prior year's first quarter.
- First quarter adjusted EBITDA1 as a percentage of adjusted net
revenue1 was 24.2%, compared to 28.5% in the prior year's first
quarter.
- First quarter diluted net loss per share available to Class A
common stock was $0.13, compared to diluted net loss per share
available to Class A common stock of $0.01 in the prior year's
first quarter.
- First quarter pro forma adjusted diluted earnings per share1,
which gives pro forma effect to the Company's estimated going
forward effective tax rate, was $0.22, compared to $0.24 for the
prior year's first quarter.
- Integrated payments2 were 56% of payment volume for the three
months ended December 31, 2020.
- At December 31, 2020, the ratio of consolidated interest
coverage ratio was 16.48x, total leverage ratio was 3.67x and
consolidated senior leverage ratio was 0.92x. These ratios are
defined in our Senior Secured Credit Facility.
- As previously announced in our press release dated February 5,
2021, the Company completed the acquisition of Business Information
Systems (“BIS”), a business based in east Tennessee that provides
software and electronic payment solutions in a variety of states.
BIS will fit within the Company’s public sector vertical. The
aggregate purchase price was $87.7 million, consisting of $52.5
million in cash, approximately $35.2 million of Class A common
stock and an amount of contingent consideration, which is still
being valued. The transaction includes contingent consideration of
up to $16.0 million, subject to the satisfaction of certain growth
metrics over established time periods.
1.
Represents a non-GAAP financial measure.
For additional information (including reconciliation information),
see the attached schedules to this release.
2.
Integrated payments represents payment
transactions that are generated in situations where payment
technology is embedded within the Company's own proprietary
software, a client’s software or critical business process.
Greg Daily, Chairman and CEO of i3 Verticals, commented, “We are
pleased with our first quarter results. Our execution of our
M&A strategy has driven our transformation into a software-led
company. Software-related revenues have grown from 12% of our
adjusted net revenue in the first quarter of fiscal 2018 to 36% of
our adjusted net revenue during the first quarter of fiscal 2021.
We are focused on expanding in this area. Our financial results
continued to improve, despite the effects of COVID-19 related
restrictions that were reinstituted during the holiday season,
which slowed the progress of our payment volume recovery during the
quarter. Several early 2021 trends will aid the recovery of our
business, including a return to in-person schooling, additional
financial stimulus and the deployment of vaccines. We are confident
in our ability to deliver solid financial results in 2021.
“Last week we announced our largest acquisition to date, BIS.
The acquisition significantly expands our Public Sector vertical,
which now represents almost half of our adjusted net revenue. Our
product suite now allows us to approach the Public Sector vertical
at multiple levels — from the individual court-level to the
statewide level — and we are excited to deliver valuable solutions
to our customers we expect to generate continued growth at i3,”
concluded Daily.
2021 Outlook
The Company's practice is to provide annual guidance, excluding
future acquisitions and transaction-related costs. The Company is
providing the following outlook for the fiscal year ending
September 30, 2021:
(in thousands, except share and per share
amounts)
Outlook Range
Fiscal year ending September 30,
2021
Adjusted net revenue(1) (non-GAAP)
$
198,000
-
$
214,000
Adjusted EBITDA (non-GAAP)
$
50,000
-
$
56,000
Depreciation and internally developed
software amortization
$
4,250,000
-
$
4,750,000
Cash interest expense, net
$
4,250,000
-
$
4,750,000
Pro forma weighted average shares of
adjusted diluted Class A common stock outstanding
32,500,000
-
34,500,000
Adjusted diluted earnings per share(2)
(non-GAAP)
$
0.93
-
$
1.06
_______________________
1.
Under GAAP, companies must adjust, as
necessary, beginning balances of acquired deferred revenue to fair
value as part of acquisition accounting as defined by GAAP. For the
revised 2021 outlook, the Company has removed the effect of these
adjustments to acquisition date fair value from acquisitions that
have closed as of the earnings release date.
2.
Assumes an effective pro forma tax rate of
25.0% (non-GAAP).
With respect to the “2021 Outlook” above, reconciliation of
adjusted net revenue, adjusted EBITDA and adjusted diluted earnings
per share guidance to the closest corresponding GAAP measure on a
forward-looking basis is not available without unreasonable
efforts. This inability results from the inherent difficulty in
forecasting generally and quantifying certain projected amounts
that are necessary for such reconciliations. In particular,
sufficient information is not available to calculate certain
adjustments required for such reconciliations, including changes in
the fair value of contingent consideration, income tax expense of
i3 Verticals, Inc. and equity-based compensation expense. The
Company expects these adjustments may have a potentially
significant impact on future GAAP financial results.
Conference Call
The Company will host a conference call on Tuesday, February 9,
2021, at 8:30 a.m. ET, to discuss financial results and operations.
To listen to the call live via telephone, participants should dial
(929) 477-0577 approximately 10 minutes prior to the start of the
call. A telephonic replay will be available from 11:30 a.m. ET on
February 9, 2021, through February 16, 2021, by dialing (719)
457-0820 and entering Confirmation Code 3920238.
To listen to the call live via webcast, participants should
visit the “Investors” section of the Company’s website,
www.i3verticals.com, and go to the “Events” page approximately 10
minutes prior to the start of the call. The online replay will be
available on this page of the Company’s website beginning shortly
after the conclusion of the call and will remain available for 30
days.
Non-GAAP Measures
This press release contains information prepared in conformity
with GAAP as well as non-GAAP information. It is management’s
intent to provide non-GAAP financial information to enhance
understanding of the Company's consolidated financial information
as prepared in accordance with GAAP. This non-GAAP information
should be considered by the reader in addition to, but not instead
of, the financial statements prepared in accordance with GAAP. Each
non-GAAP financial measure and the most directly comparable GAAP
financial measure are presented so as not to imply that more
emphasis should be placed on the non-GAAP measure. The non-GAAP
financial information presented may be determined or calculated
differently by other companies.
Additional information about non-GAAP financial measures,
including, but not limited to, adjusted net revenue, pro forma
adjusted net income, adjusted EBITDA and pro forma adjusted diluted
EPS, and a reconciliation of those measures to the most directly
comparable GAAP measures is included on pages 9 through 11 in the
financial schedules of this release.
About i3 Verticals
Helping drive the convergence of software and payments, i3
Verticals delivers seamlessly integrated payment and software
solutions to small- and medium-sized businesses and other
organizations in strategic vertical markets, such as education,
non-profit, public sector and healthcare and to the
business-to-business payments market. With a broad suite of payment
and software solutions that address the specific needs of its
clients in each strategic vertical market, i3 Verticals processed
approximately $14.3 billion in total payment volume for the 12
months ended December 31, 2020.
Forward-Looking Statements
This release contains forward-looking statements that are
subject to risks and uncertainties. All statements other than
statements of historical fact or relating to present facts or
current conditions included in this release are forward-looking
statements, including any statements regarding the Company's fiscal
2021 financial outlook and statements of a general economic or
industry specific nature. Forward-looking statements give the
Company's current expectations and projections relating to its
financial condition, results of operations, guidance, plans,
objectives, future performance and business. You can identify
forward-looking statements by the fact that they do not relate
strictly to historical or current facts. These statements may
include words such as “anticipate,” “estimate,” “expect,”
“project,” “plan,” “intend,” “believe,” “may,” “will,” “should,”
“could have,” “exceed,” “significantly,” “likely” and other words
and terms of similar meaning in connection with any discussion of
the timing or nature of future operating or financial performance
or other events.
The forward-looking statements contained in this release are
based on assumptions that we have made in light of the Company's
industry experience and its perceptions of historical trends,
current conditions, expected future developments and other factors
we believe are appropriate under the circumstances. As you review
and consider information presented herein, you should understand
that these statements are not guarantees of future performance or
results. They depend upon future events and are subject to risks,
uncertainties (many of which are beyond the Company's control) and
assumptions. Although we believe that these forward-looking
statements are based on reasonable assumptions, you should be aware
that many factors could affect the Company's actual future
performance or results and cause them to differ materially from
those anticipated in the forward-looking statements. Certain of
these factors and other risks are discussed in the Company's
filings with the U.S. Securities and Exchange Commission (the
“SEC”) and include, but are not limited to: (i) the anticipated
impact to the timing and recovery of the Company’s business
operations, payment volume and volume attrition due to the global
pandemic of a novel strain of the coronavirus (COVID-19), including
the anticipated impact of further school closures on our education
vertical ; (ii) the Company’s indebtedness and the ability to
maintain compliance with the financial covenants in the Company’s
senior secured credit facility in light of the impacts of the
COVID-19 pandemic; (iii) the ability to meet the Company’s
liquidity needs in light of the impacts of the COVID-19 pandemic;
(iv) the ability to raise additional funds on terms acceptable to
us, if at all, whether debt, equity or a combination thereof; (v)
the triggering of impairment testing of the Company’s fair-valued
assets, including goodwill and intangible assets, in the event of a
decline in the price of the Company’s Class A common stock; (vi)
the ability to generate revenues sufficient to maintain
profitability and positive cash flow; (vii) competition in the
Company's industry and the ability to compete effectively; (viii)
the dependence on non-exclusive distribution partners to market the
Company's products and services; (ix) the ability to keep pace with
rapid developments and changes in the Company's industry and
provide new products and services; (x) liability and reputation
damage from unauthorized disclosure, destruction or modification of
data or disruption of the Company's services; (xi) technical,
operational and regulatory risks related to the Company's
information technology systems and third-party providers’ systems;
(xii) reliance on third parties for significant services; (xiii)
exposure to economic conditions and political risks affecting
consumer and commercial spending, including the use of credit
cards; (xiv) the ability to increase the Company's existing
vertical markets, expand into new vertical markets and execute the
Company's growth strategy; (xv) the ability to successfully
identify acquisition targets and thereafter to complete and
effectively integrate those acquisitions into the Company's
services; (xvi) potential degradation of the quality of the
Company's products, services and support; (xvii) the ability to
retain clients, many of which are small- and medium-sized
businesses, which can be difficult and costly to retain; (xviii)
the Company's ability to successfully manage its intellectual
property; (xiv) the ability to attract, recruit, retain and develop
key personnel and qualified employees; (xx) risks related to laws,
regulations and industry standards; (xxi) operating and financial
restrictions imposed by the Company's senior secured credit
facility; and (xxii) the risk factors included in the Company's
Annual Report on Form 10-K for the year ended September 30, 2020.
Should one or more of these risks or uncertainties materialize, or
should any of these assumptions prove incorrect, the Company's
actual results may vary in material respects from those projected
in these forward-looking statements.
Any forward-looking statement made by us in this release speaks
only as of the date of this release. Factors or events that could
cause the Company's actual results to differ may emerge from time
to time, and it is not possible for us to predict all of them. The
Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
i3 Verticals, Inc.
Consolidated Statements of Operations
(Unaudited)
($ in thousands, except share and
per share amounts)
Three months ended December
31,
2020
2019
% Change
Revenue
$
43,313
$
41,111
5%
Operating expenses
Other costs of services
13,666
12,918
6%
Selling general and administrative
24,962
19,287
29%
Depreciation and amortization
5,092
4,655
9%
Change in fair value of contingent
consideration
1,904
154
1,136%
Total operating expenses
45,624
37,014
23%
(Loss) income from operations
(2,311)
4,097
n/m
Interest expense, net
2,029
2,014
1%
(Loss) income before income taxes
(4,340)
2,083
n/m
(Benefit from) provision for income
taxes
(219)
149
n/m
Net (loss) income
(4,121)
1,934
n/m
Net (loss) income attributable to
non-controlling interest
(1,549)
2,083
n/m
Net loss attributable to i3 Verticals,
Inc.
$
(2,572)
$
(149)
n/m
Net loss per share available to Class A
common stock:
Basic
$
(0.13)
$
(0.01)
Diluted
$
(0.13)
$
(0.01)
Weighted average shares of Class A common
stock outstanding:
Basic
19,129,056
14,233,785
Diluted
19,129,056
14,233,785
i3 Verticals, Inc. Financial
Highlights
(Unaudited)
($ in thousands, except per share
amounts)
Three months ended December
31,
2020
2019
% Change
Adjusted net revenue (non-GAAP)
$
44,908
$
41,624
8
%
Adjusted EBITDA (non-GAAP)
$
10,878
$
11,859
(8
)%
Pro forma adjusted diluted earnings per
share (non-GAAP)
$
0.22
$
0.24
(8
)%
i3 Verticals, Inc.
Supplemental Volume Information
(Unaudited)
($ in thousands)
Three months ended December
31,
2020
2019
Payment volume(1)
$
3,800,527
$
3,839,118
__________________________
1.
Payment volume is the net dollar value of
both 1) Visa, Mastercard and other payment network transactions
processed by the Company's clients and settled to clients by us and
2) ACH transactions processed by the Company's clients and settled
to clients by the Company.
i3 Verticals, Inc. Segment
Summary
(Unaudited)
($ in thousands)
For the Three Months Ended
December 31, 2020
Merchant Services
Proprietary
Software and
Payments
Other
Total
Revenue
$
24,970
$
18,776
$
(433)
$
43,313
Operating expenses
Other costs of services
10,841
3,257
(432)
13,666
Selling general and administrative
6,444
10,895
7,623
24,962
Depreciation and amortization
2,766
2,149
177
5,092
Change in fair value of contingent
consideration
157
1,747
—
1,904
Income (loss) from operations
$
4,762
$
728
$
(7,801)
$
(2,311)
Payment volume
$
3,582,614
$
217,913
$
—
$
3,800,527
For the Three Months Ended
December 31, 2019(1)
Merchant Services
Proprietary
Software and
Payments
Other
Total
Revenue
$
28,239
$
13,282
$
(410)
$
41,111
Operating expenses
Other costs of services
12,174
1,154
(410)
12,918
Selling general and administrative
6,863
7,395
5,029
19,287
Depreciation and amortization
3,072
1,414
169
4,655
Change in fair value of contingent
consideration
(2,297)
2,451
—
154
Income (loss) from operations
$
8,427
$
868
$
(5,198)
$
4,097
Payment volume
$
3,635,056
$
204,062
$
—
$
3,839,118
________
1.
Effective July 1, 2020, the Company
reassigned a component from the Proprietary Software and Payments
segment to the Merchant Services segment to better align the
Company's business within its segments. The prior period
comparatives have been retroactively adjusted to reflect the
Company's current segment presentation.
i3 Verticals, Inc.
Consolidated Balance Sheets
($ in thousands, except share
amounts)
December 31,
September 30,
2020
2020
(unaudited)
Assets
Current assets
Cash and cash equivalents
$
10,879
$
15,568
Accounts receivable, net
23,786
17,538
Settlement assets
84
—
Prepaid expenses and other current
assets
9,747
4,869
Total current assets
44,496
37,975
Property and equipment, net
5,946
5,339
Restricted cash
8,569
5,033
Capitalized software, net
23,907
16,989
Goodwill
219,912
187,005
Intangible assets, net
132,824
109,233
Deferred tax asset
44,966
36,755
Operating lease right-of-use assets
10,560
—
Other assets
6,509
5,197
Total assets
$
497,689
$
403,526
Liabilities and equity
Liabilities
Current liabilities
Accounts payable
$
6,348
$
3,845
Current portion of long-term debt
—
—
Accrued expenses and other current
liabilities
26,750
24,064
Settlement obligations
84
—
Deferred revenue
23,868
10,986
Current portion of operating lease
liabilities
2,813
—
Total current liabilities
59,863
38,895
Long-term debt, less current portion and
debt issuance costs, net
141,397
90,758
Long-term tax receivable agreement
obligations
34,299
27,565
Operating lease liabilities, less current
portion
8,309
—
Other long-term liabilities
12,388
6,140
Total liabilities
256,256
163,358
Commitments and contingencies
Stockholders' equity
Preferred stock, par value $0.0001 per
share, 10,000,000 shares authorized; 0 shares issued and
outstanding as of December 31, 2020 and September 30, 2020
—
—
Class A common stock, par value $0.0001
per share, 150,000,000 shares authorized; 20,004,771 and 18,864,143
shares issued and outstanding as of December 31, 2020 and September
30, 2020, respectively
2
2
Class B common stock, par value $0.0001
per share, 40,000,000 shares authorized; 10,881,012 and 11,900,621
shares issued and outstanding as of December 31, 2020 and September
30, 2020, respectively
1
1
Additional paid-in-capital
169,097
157,598
Accumulated deficit
(4,595)
(2,023)
Total stockholders' equity
164,505
155,578
Non-controlling interest
76,928
84,590
Total equity
241,433
240,168
Total liabilities and equity
$
497,689
$
403,526
i3 Verticals, Inc.
Consolidated Cash Flow Data
(Unaudited)
($ in thousands)
Three months ended December
31,
2020
2019
Net cash provided by operating
activities
$
11,954
$
7,484
Net cash used in investing activities
$
(61,329)
$
(1,782)
Net cash provided by (used in) financing
activities
$
48,222
$
(6,635)
Reconciliation of GAAP to Non-GAAP Financial Measures
The Company believes that non-GAAP financial measures are
important to enable investors to understand and evaluate its
ongoing operating results. Accordingly, i3 Verticals includes
non-GAAP financial measures when reporting its financial results to
shareholders and potential investors in order to provide them with
an additional tool to evaluate the Company’s ongoing business
operations. i3 Verticals believes that the non-GAAP financial
measures are representative of comparative financial performance
that reflects the economic substance of i3 Verticals’ current and
ongoing business operations.
Although non-GAAP financial measures are often used to measure
the Company's operating results and assess its financial
performance, they are not necessarily comparable to similarly
titled measures of other companies due to potential inconsistencies
in the method of calculation. i3 Verticals believes that its
provision of non-GAAP financial measures provides investors with
important key financial performance indicators that are utilized by
management to assess the Company's operating results, evaluate the
business and make operational decisions on a prospective,
going-forward basis. Hence, management provides disclosure of
non-GAAP financial measures to give shareholders and potential
investors an opportunity to see i3 Verticals as viewed by
management, to assess i3 Verticals with some of the same tools that
management utilizes internally and to be able to compare such
information with prior periods. i3 Verticals believes that
inclusion of non-GAAP financial measures provides investors with
additional information to help them better understand its financial
statements just as management utilizes these non-GAAP financial
measures to better understand the business, manage budgets and
allocate resources.
i3 Verticals, Inc.
Reconciliation of GAAP Net Income to Non-GAAP Based Adjusted Net
Income and Non-GAAP Adjusted EBITDA
(Unaudited)
($ in thousands)
Three months ended
December 31,
2020
2019
Net loss attributable to i3 Verticals,
Inc.
$
(2,572)
$
(149)
Net (loss) income attributable to
non-controlling interest
(1,549)
2,083
Non-GAAP Adjustments:
(Benefit from) provision for income
taxes
(219)
149
Financing-related expenses(1)
53
—
Non-cash change in fair value of
contingent consideration(2)
1,904
154
Equity-based compensation(3)
3,441
2,124
Acquisition revenue adjustments(4)
1,595
513
Acquisition-related expenses(5)
1,010
262
Acquisition intangible amortization(6)
4,117
3,721
Non-cash interest expense(7)
1,332
100
Other taxes(8)
94
54
Non-GAAP pro forma adjusted income
before taxes
9,206
9,011
Pro forma taxes at effective tax
rate(9)
(2,302)
(2,253)
Pro forma adjusted net
income(10)
$
6,904
$
6,758
Cash interest expense, net(11)
697
1,914
Pro forma taxes at effective tax
rate(9)
2,302
2,253
Depreciation, non-acquired intangible
asset amortization and internally developed software
amortization(12)
975
934
Adjusted EBITDA
$
10,878
$
11,859
________
1.
Financing-related expenses includes
expenses directly related to certain transactions as part of
financing transactions.
2.
Non-cash change in fair value of
contingent consideration reflects the changes in management’s
estimates of future cash consideration to be paid in connection
with prior acquisitions from the amount estimated as of the later
of the most recent balance sheet date forming the beginning of the
income statement period or the original estimates made at the
closing of the applicable acquisition.
3.
Equity-based compensation expense
consisted of $3,441 related to stock options issued under the
Company's 2018 Equity Incentive Plan and 2020 Acquisition Equity
Incentive Plan and $2,124 related to stock options issued under the
Company's 2018 Equity Incentive Plan during the three months ended
December 31, 2020 and 2019, respectively.
4.
Under GAAP, companies must adjust, as
necessary, beginning balances of acquired deferred revenue to fair
value as part of acquisition accounting as defined by GAAP.
Acquisition revenue adjustments remove the effect of these
adjustments to acquisition date fair value from acquisitions that
have closed as of the date of the earnings release.
5.
Acquisition-related expenses are the
professional service and related costs directly related to our
acquisitions and are not part of our core performance.
6.
Acquisition intangible amortization
reflects amortization of intangible assets and software acquired
through business combinations, acquired customer portfolios,
acquired referral agreements and related asset acquisitions.
7.
Non-cash interest expense reflects
amortization of debt discount and debt issuance costs and any
write-offs of debt issuance costs.
8.
Other taxes consist of franchise taxes,
commercial activity taxes, employer payroll taxes related to stock
exercises and other non-income based taxes. Taxes related to
salaries are not included.
9.
Pro forma corporate income tax expense is
based on Non-GAAP adjusted income before taxes and is calculated
using a tax rate of 25.0% for both 2020 and 2019, based on blended
federal and state tax rates, considering the Tax Reform Act for
2018.
10.
Pro forma adjusted net income assumes that
all net income during the period is available to the holders of the
Company’s Class A common stock.
11.
Cash interest expense, net represents all
interest expense net of interest income recorded on the Company's
statement of operations other than non-cash interest expense, which
represents amortization of debt discount and debt issuance costs
and any write-offs of debt issuance costs.
12.
Depreciation, non-acquired intangible
asset amortization and internally developed software amortization
reflects depreciation on the Company's property, plant and
equipment, net, and amortization expense on its internally
developed capitalized software.
i3 Verticals, Inc. GAAP
Diluted EPS and Non-GAAP Pro Forma Adjusted Diluted EPS
(Unaudited)
($ in thousands, except share and
per share amounts)
Three months ended December
31,
2020
2019
Diluted net loss available to Class A
common stock per share
$
(0.13)
$
(0.01)
Pro forma adjusted diluted earnings per
share (non-GAAP)(1)
$
0.22
$
0.24
Pro forma adjusted net income(2)
$
6,904
$
6,758
Pro forma weighted average shares of
adjusted diluted Class A common stock outstanding(3)
32,028,708
28,364,844
__________
1.
Pro forma adjusted diluted earnings per
share is calculated using pro forma adjusted net income and the pro
forma weighted average shares of adjusted diluted Class A common
stock outstanding.
2.
Pro forma adjusted net income assumes that
all net income during the period is available to the holders of the
Company's Class A common stock. Further, pro forma adjusted diluted
earnings per share assumes that all Common Units in i3 Verticals,
LLC and the associated non-voting Class B common stock were
exchanged for Class A common stock at the beginning of the period
on a one-for-one basis.
3.
Pro forma weighted average shares of
adjusted diluted Class A common stock outstanding include
11,668,199 and 12,921,637 weighted average outstanding shares of
Class A common stock issuable upon the exchange of Common Units in
i3 Verticals, LLC and 1,231,453 and 1,209,422 shares of unvested
Class A common stock and options for the three months ended
December 31, 2020 and 2019, respectively.
i3 Verticals, Inc.
Reconciliation of GAAP Revenue to Non-GAAP Adjusted Net
Revenue
(Unaudited)
($ in thousands)
Three months ended December
31,
2020
2019
Revenue
$
43,313
$
41,111
Acquisition revenue adjustments(1)
1,595
513
Adjusted Net Revenue
$
44,908
$
41,624
__________
1.
Under GAAP, companies must adjust, as
necessary, beginning balances of acquired deferred revenue to fair
value as part of acquisition accounting as defined by GAAP.
Acquisition revenue adjustments remove the effect of these
adjustments to acquisition date fair value from acquisitions that
have closed as of the date of this earnings release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210208005850/en/
Clay Whitson Chief Financial Officer (615) 988-9890
cwhitson@i3verticals.com
i3 Verticals (NASDAQ:IIIV)
Historical Stock Chart
From Sep 2024 to Oct 2024
i3 Verticals (NASDAQ:IIIV)
Historical Stock Chart
From Oct 2023 to Oct 2024