On this page of StockholderLetter.com we present the 1/9/2024 shareholder letter from i3 Verticals, Inc. — ticker symbol IIIV. Reading current and past IIIV letters to shareholders can bring important insights into the investment thesis.
One Company. One Brand. WAT C H T H E VIDEO
To Our Shareholders At i3, we continue to focus on evolving our software technology to exceed market and client expectations. In 2023 we successfully unified our product offerings and increased collaboration across our functional groups. Our employees have readily embraced our accelerating vision and produced market leading solutions in Justice Tech, Motor Carrier, Motor Vehicle, Revenue Cycle Management, Billing & Electronic Health Records, Payer Solutions, Education and Payments Technology. Delivery of our software solutions is enhanced by cohesive Shared Services teams including RFP, Implementation, Integration and Development teams across the US and India. One Company. One Brand. has been a top priority in 2023. This was a companywide effort now fully under the i3 Verticals banner to further integrate our businesses, unify our product offerings and increase collaboration across our functional groups. Not surprisingly, our employees have welcomed this change as they know it will increase efficiency and result in better service for our customers. We are stronger than ever, and the future is bright. We ve set financial records, acquired a thriving location in India, developed additional products and resources, entered new markets, and strengthened our internal teams. I could not be prouder of our progress, and I am energized by what is ahead. I want to thank each of you for your continued support. While change may be inevitable, one thing that has not changed is our vision increasing recurring revenues and maintaining healthy margins while fostering an inviting culture. We have come so far since 2012, and I know great things lie ahead. One Company. One Brand. GREG DAILY Chairman & Chief Executive Officer Leadership Team Board of Directors GREG DAILY GREG DAILY CLAY WHITSON Chairman & Chief Executive Officer Chairman Director CLAY WHITSON DAVID WILDS TIMOTHY MCKENNA Chief Financial Officer Managing Partner, First Avenue Partners Former President of Fidelity Capital Markets Fidelity Investment President BURTON HARVEY JOHN HARRISON PAUL CHRISTIANS Managing Partner, Capital Alignment Partners Director, Harbert Management Corporation DECOSTA JENKINS DAVID MORGAN Former Chief Executive Officer, Nashville Electric Service Chairman and Vice President, LBMC Financial Services, LLC RICK STANFORD Chief Operating Officer PAUL MAPLE General Counsel & Secretary PETE PANAGAKIS Chief Technology Officer ELIZABETH SEIGENTHALER COURTNEY GEOFF SMITH Managing Partner, Southeast, Finn Partners Inc. Senior Vice President - Finance
 • shareholder letter icon 1/9/2024 Letter Continued (Full PDF)
 • stockholder letter icon 1/23/2023 IIIV Stockholder Letter
 • stockholder letter icon 1/10/2025 IIIV Stockholder Letter
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 • Benford's Law Stocks icon IIIV Benford's Law Stock Score = 93


IIIV 1/9/2024 Shareholder/Stockholder Letter Transcript:

One Company.
One Brand.
WAT C H T H E
VIDEO

To Our Shareholders
At i3, we continue to focus on evolving our software technology to exceed market and client expectations.
In 2023 we successfully unified our product offerings and increased collaboration across our functional groups. Our
employees have readily embraced our accelerating vision and produced market leading solutions in Justice Tech, Motor
Carrier, Motor Vehicle, Revenue Cycle Management, Billing & Electronic Health Records, Payer Solutions, Education and
Payments Technology. Delivery of our software solutions is enhanced by cohesive Shared Services teams including RFP,
Implementation, Integration and Development teams across the US and India.
   One Company. One Brand.    has been a top priority in 2023. This was a companywide effort     now fully under the    i3
Verticals    banner     to further integrate our businesses, unify our product offerings and increase collaboration across our
functional groups. Not surprisingly, our employees have welcomed this change as they know it will increase efficiency and
result in better service for our customers.
We are stronger than ever, and the future is bright. We   ve set financial records, acquired a thriving location in India, developed
additional products and resources, entered new markets, and strengthened our internal teams. I could not be prouder of our
progress, and I am energized by what is ahead.
I want to thank each of you for your continued support. While change may be inevitable, one thing that has not changed is
our vision     increasing recurring revenues and maintaining healthy margins while fostering an inviting culture. We have come
so far since 2012, and I know great things lie ahead. One Company. One Brand.
GREG DAILY
Chairman & Chief Executive Officer
Leadership Team
Board of Directors
GREG DAILY
GREG DAILY
CLAY WHITSON
Chairman & Chief Executive Officer
Chairman
Director
CLAY WHITSON
DAVID WILDS
TIMOTHY MCKENNA
Chief Financial Officer
Managing Partner, First Avenue
Partners
Former President of Fidelity Capital
Markets Fidelity Investment
President
BURTON HARVEY
JOHN HARRISON
PAUL CHRISTIANS
Managing Partner, Capital
Alignment Partners
Director, Harbert Management
Corporation
DECOSTA JENKINS
DAVID MORGAN
Former Chief Executive Officer,
Nashville Electric Service
Chairman and Vice President,
LBMC Financial Services, LLC
RICK STANFORD
Chief Operating Officer
PAUL MAPLE
General Counsel & Secretary
PETE PANAGAKIS
Chief Technology Officer
ELIZABETH SEIGENTHALER
COURTNEY
GEOFF SMITH
Managing Partner, Southeast, Finn
Partners Inc.
Senior Vice President - Finance



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IIIV Stockholder/Shareholder Letter (i3 Verticals, Inc.) 1/9/2024 | www.StockholderLetter.com
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