i3 Verticals, Inc. (IIIV) Tops Q2 EPS by 2c, Revenues Miss; Offers FY21 Revenues Views Above Consensus, FY21 EPS Mid-Point Guidance Above Consensus,
Summary
For the six months ended March 31, 2021, diluted net loss per share available to Class A common stock was $0.12, compared to diluted net income per share available to Class A common stock of $0.04 for the prior years first six months. • For the three and six months ended March 31, 2021, pro forma adjusted diluted earnings per share1, which gives pro forma effect to the Companys going forward effective tax rate, was $0.23 and $0.45, respectively, compared to $0.20 and $0.44 for the three and six months ended March 31, 2020, respectively. Two of these businesses were previously announced in our press release dated April 5, 2021, and further strengthen the Companys focus in its Healthcare vertical. The third business expands the Companys software capabilities in the utilities market within the Public Sector vertical. The aggregate maximum contingent consideration payable for these acquisitions is up to $40.0 million, subject to the satisfaction of certain growth metrics over established time periods.