| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Jun'17 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
39,178 | 41,111 | 108,562 | 97,483 | 85,394 | 84,868 | 84,052 | 84,536 | 77,699 | 77,221 | 66,326 |
Operating expenses | ||||||||||
Interchange and network fees | ||||||||||
0 | 0 | 69,090 | 63,263 | 54,685 | 55,829 | 55,966 | 55,705 | 50,634 | 52,238 | 48,563 |
Other costs of services | ||||||||||
11,955 | 12,918 | 12,823 | 11,431 | 10,193 | 9,790 | 10,195 | 11,061 | 9,505 | 9,553 | 7,181 |
Selling general and administrative | ||||||||||
20,786 | 19,287 | 18,438 | 17,587 | 14,319 | 12,516 | 10,847 | 10,696 | 10,197 | 8,845 | 6,229 |
Depreciation and amortization | ||||||||||
4,538 | 4,655 | 4,689 | 4,425 | 3,898 | 3,552 | 2,963 | 3,000 | 3,020 | 2,856 | 2,382 |
Change in fair value of contingent consideration | ||||||||||
-142 | 154 | 1,653 | -417 | 2,502 | -349 | 586 | 1,151 | 1,747 | 382 | -746 |
Total operating expenses | ||||||||||
37,137 | 37,014 | 106,693 | 96,289 | 85,597 | 81,338 | 80,557 | 81,613 | 75,103 | 73,874 | 63,609 |
Income (loss) from operations | ||||||||||
2,041 | 4,097 | 1,869 | 1,194 | -203 | 3,530 | 3,495 | 2,923 | 2,596 | 3,347 | 2,717 |
Interest expense, net | ||||||||||
-2,184 | -2,014 | -2,017 | -1,918 | -1,155 | -914 | -849 | -2,644 | -2,618 | -2,387 | -1,717 |
Change in fair value of warrant liability | ||||||||||
- | - | - | 0 | - | - | 0 | 242 | 6,564 | 1,681 | -58 |
Total other expenses | ||||||||||
- | - | - | -1,918 | - | - | -849 | -2,886 | -9,182 | -4,068 | -1,659 |
(Loss) income before income taxes | ||||||||||
-143 | 2,083 | -148 | -724 | -1,358 | 2,616 | 2,646 | 37 | -6,586 | -721 | 1,058 |
(Benefit from) provision for income taxes | ||||||||||
-2,062 | 149 | -175 | -131 | -136 | 265 | -216 | 692 | 250 | -389 | 171 |
Net income (loss) | ||||||||||
1,919 | 1,934 | 27 | -593 | -1,222 | 2,351 | 2,862 | -655 | -6,836 | -332 | 887 |
Net income (loss) attributable to non-controlling interest | ||||||||||
1,182 | 2,083 | 957 | 598 | -120 | 2,173 | 2,028 | -91 | 0 | 0 | 0 |
Net income (loss) attributable to i3 Verticals, Inc. | ||||||||||
737 | -149 | -930 | -1,191 | -1,102 | 178 | 834 | -564 | -6,836 | -332 | 887 |
Net income (loss) per share attributable to Class A common stockholders: | ||||||||||
Basic (in USD per share) | ||||||||||
0.05 | -0.01 | -0.07 | -0.12 | -0.12 | 0.02 | - | -0.01 | - | - | 0.00 |
Basic and dilutive net loss per share (in USD per share) | ||||||||||
0.05 | -0.01 | -0.07 | -0.12 | -0.12 | 0.02 | - | -0.01 | - | - | 0.00 |
Weighted average shares of Class A common stock outstanding: | ||||||||||
Basic (shares) | ||||||||||
14,456 | 14,233 | 14,199 | 10,064 | 8,887 | 8,812 | - | 8,812 | - | - | 0 |
Diluted (shares) | ||||||||||
16,106 | 14,233 | 13,108 | 10,064 | 8,887 | 9,903 | - | 8,812 | - | - | - |