i3 Verticals, Inc.

Good day, everyone, and welcome to the I3 Vertical's third quarter 2022 earnings conference call. Today's call is being recorded, and a replay will be available starting today through August 16th. The number for the replay is 877-344-7529, and the code is 3633. The replay may also be accessed for 30 days at the company's website. Following today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touch-tone phone. To withdraw your question, please press star, then 2. At this time, for opening remarks, I would like to turn the call over to Jeff Smith, VP of Finance. Please go ahead, sir.

Good morning. Welcome to the third quarter 2022 conference call for I3 verticals. Joining me on this call are Greg Daly, our chairman and CEO, Clay Woodson, our CFO, and Rick Stanford, our president. If you sent any non-GAAP financial measures discussed in today's call, you will also find a reconciliation to the most directly comparable GAAP financial measure by reviewing yesterday's earnings release. It is the company's intent to provide non-GAAP financial information to enhance understanding of its consolidated GAAP financial information. This non-GAAP financial information should be considered by each individual in addition to, but not instead of, the GAAP financial statements. This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding the company's expected financial and operating performance. For this purpose, any statements made during this call that are not statements of historical fact may be deemed to be forward-looking statements. We are hereby cautioned that these forward-looking statements may be affected by important factors, among others, set forth in the company's earnings release and reports that are filed or furnished to the SEC. Consequently, actual operations and results may differ materially from those discussed in the forward-looking statements. Finally, the information shared on this call is valid as of today's date, and the company undertakes no obligation to update it, except as may be required under applicable law. I'll now turn the call over to the company's chairman and CEO, Greg Daly.

Thanks, Jeff, and good morning to all of you. We are very pleased with our third quarter 2022 results, and as we round the corner towards the end of our fiscal year 22, we expect to put a finishing touches on what has been a phenomenal year. Year to date, we set new records in revenue and EBITDA, which grew at 48% and 51%, respectively, for the nine months ending June 30th. We continue to focus on revenue, recurring revenue sources, particularly in software and related services streams. While licensed sales will happen from time to time, as certain markets necessitate them, we are focused on SaaS and recurring transaction-based revenue to align the price and the lifetime benefit of the solutions we provide. Our solutions have excellent customer service retention, and we go to market with a long-term lens. Additionally, acquiring great businesses that have under-emphasized recurring revenue streams remain a significant opportunity. More than 80% of our revenue in the third quarter came from recurring revenue sources. We're extremely excited about several investments to add modern cloud-based products to offerings in the public sector. As I said, we are thinking long-term and will not hesitate to invest capital within the company in addition to M&A. In the third quarter fiscal year 22, two months of results from our May 1 healthcare acquisition. We were highlighted last quarter what a great fit the business is, and we have not been disappointed. The cross-sell opportunities have been immediately materialized in their pipeline. All of our fiscal year 22 acquisitions have integrated seamlessly, and we're excited about what comes next. Now I'll turn the call over to Clay. He'll provide you more details of our third quarter financial performance. Following Clay's comments, Rick will give us an M&A update, and then we'll open up the call for questions.