Published on 6 Dec 2023 on Simply Wall St. via Yahoo Finance

i3 Verticals, Inc. (NASDAQ:IIIV) Is About To Turn The Corner

i3 Verticals, Inc. (NASDAQ:IIIV) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. i3 Verticals, Inc. provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. On 30 September 2023, the US$671m market-cap company posted a loss of US$811k for its most recent financial year. The most pressing concern for investors is i3 Verticals' path to profitability – when will it breakeven? In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.

View our latest analysis for i3 Verticals

Consensus from 8 of the American Diversified Financial analysts is that i3 Verticals is on the verge of breakeven. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$15m in 2024. The company is therefore projected to breakeven around a year from now or less! How fast will the company have to grow to reach the consensus forecasts that anticipate breakeven by 2024? Working backwards from analyst estimates, it turns out that they expect the company to grow 63% year-on-year, on average, which is extremely buoyant. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.