Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 164

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 164
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 of diluted net income per share of Class A common stock for continuing operations:a.6,236,721 stock options for the three months ended December 31, 2024, were excluded because the exercise price of these stock options exceeded the average market price of our Class A common stock during the period (“out-of-the-money”) and the effect of including them would have been anti-dilutive.

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i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock from discontinued operations for the three months ended December 31, 2023:Three Months Ended December 31,20242023Basic net (loss) income per share:NumeratorNet (loss) income$(214)$5,751 Less: Net (loss) income attributable to non-controlling interest(76)1,768 Net (loss) income attributable to Class A common stockholders$(138)$3,983 DenominatorWeighted average shares of Class A common stock outstanding23,551,352 23,267,290 Basic net (loss) income per share(1)$(0.01)$0.17 Diluted net income per share:NumeratorNet income attributable to Class A common stockholders$3,983 Reallocation of net income assuming conversion of common units(2)1,336 Net income attributable to Class A common stockholders - diluted$5,319 DenominatorWeighted average shares of Class A common stock outstanding23,267,290 Weighted average effect of dilutive securities(3)10,561,171 Weighted average shares of Class A common stock outstanding - diluted33,828,461 Diluted net income per share$0.16 __________________________1.For the three months ended December 31, 2024, all potentially dilutive securities were anti-dilutive, so diluted net loss per share was equivalent to basic net loss per share. The following securities were excluded from the weighted average effect of dilutive securities in the computation of diluted net loss per share of Class A common stock for discontinued operations:a.10,026,180 weighted average shares of Class B common stock for the three months ended December 31, 2024, along with the reallocation