Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 81

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 are potentially dilutive securities, and the computations of pro forma diluted net income per share assume that all common units of i3 Verticals, LLC were exchanged for shares of Class A common stock at the beginning of the period.3.For the three months ended December 31, 2023, the following securities were excluded from the weighted average effect of dilutive securities in the computation of diluted net income per share of Class A common stock for discontinued operations:a.7,496,394 stock options for the three months ended December 31, 2023 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.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 the consolidated operations for three months ended December 31, 2023:Three Months Ended December 31,20242023Basic net income per share:NumeratorNet income$3,108 $1,536 Less: Net income attributable to non-controlling interest1,052 438 Net income attributable to Class A common stockholders$2,056 $1,098 DenominatorWeighted average shares of Class A common stock outstanding23,551,352 23,267,290 Basic net income per share$0.09 $0.05 Diluted net income per share:NumeratorNet income attributable to Class A common stockholders$2,056 $1,098 Reallocation of net income assuming conversion of common units(1)800 331 Net income attributable to Class A common stockholders - diluted$2,856 $1,429 DenominatorWeighted average shares of Class A common stock outstanding23,551,352 23,267,290 Weighted average effect of dilutive securities(2)10,505,844 10,561,171 Weighted average shares of Class A common stock outstanding - diluted34,057,196 33,828,461 Diluted net income per share$0.08 $0.04 __________________________1.The reallocation of net income assuming conversion of common units represents the tax effected net income attributable to non-controlling interest using the effective income tax rates described in Note 10 above and assuming all common units of i3 Verticals, LLC were exchanged for Class A