Company: IIIV
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001728688-25-000006
Chunk: 34

Company: i3 Verticals, Inc.
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 34
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 of $23.7 million for the fiscal year ended September 30, 2023.

• Net loss from continuing operations attributable to i3 Verticals, Inc. for the fiscal year ended September 30, 2024 was $8.9 million, compared to net loss from continuing operations attributable to i3 Verticals, Inc. of $15.8 million for the fiscal year ended September 30, 2023.

• Adjusted EBITDA from continuing operations for the fiscal year ended September 30, 2024, was $58.3 million, compared to Adjusted EBITDA from continuing operations of $59.4 million for the fiscal year ended September 30, 2023.*

• Diluted net loss attributable to Class A common stock per share from continuing operations for the fiscal year ended September 30, 2024 was $0.38, compared to a net loss per share from continuing operations of $0.68 in the prior year.

• For the year ended September 30, 2024, pro forma adjusted diluted earnings per share from continuing operations, which gives pro forma effect to the Company’s tax rate, was $0.46, compared to $0.65 for the year ended September 30, 2023.* Diluted net income per share attributable to Class A common stock from continuing operations and pro forma adjusted diluted earnings per share from continuing operations both exclude discontinued operations but include the consolidated cash interest expense.

• Annualized Recurring Revenue (“ARR”) from continuing operations for the fourth quarter of fiscal year 2024 and 2023 was $188.2 million and $175.1 million, respectively, representing a period-to-period growth rate of 7.5%.

* Adjusted EBITDA and pro forma adjusted diluted earnings per share are non-GAAP financial measures. See Appendix A for a definition of such non-GAAP financial measures, an explanation of why we believe such non-GAAP financial measures present useful information to investors, and a reconciliation of such non-GAAP financial measures to the most comparable GAAP measures.

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In addition to our financial performance, other achievements of the Company during the fiscal year ended September 30, 2024, included:

• Completion of the sale of our Merchant Services Business on September 20, 2024 for approximately $438 million (after giving effect to estimated net working capital, indebtedness and cash adjustments), subject to post-closing purchase price adjustments;

• Utilizing substantially all