Trade I3 Verticals Inc - IIIV CFD

i3 Verticals Company profile

About i3 Verticals Inc

i3 Verticals, Inc. is engaged in delivering integrated payment and software solutions to small- and medium-sized businesses (SMBs) and organizations in strategic vertical markets. The Company's segments include Merchant Services and Proprietary Software and Payments. The Merchant Services segment provides payment solutions to businesses and organizations, which includes third-party integrated payment solutions as well as merchant of record payment services across its strategic vertical markets. The Proprietary Software and Payments segment delivers solutions to its clients, including embedded payments, through Company-owned software. The payments are delivered through both the payment facilitator model and the merchant of record processing model. Its primary strategic vertical markets include education, non-profit, public sector and healthcare. The Burton Platform is its technology suite. It also provides payment processing solutions to many retail establishments.

Financial summary

BRIEF: For the three months ended 31 December 2021, i3 Verticals Inc revenues increased 66% to $73.9M. Net loss increased 27% to $2.5M. Revenues reflect Proprietary software & payment segment increase from $20M to $44.8M, Merchant Services segment increase of 16% to $29.2M. Higher net loss reflects Selling general and administrative - Bal increase of 88% to $38M (expense), Stock-based Compensation in SGA increase of 93% to $6.6M (expense).