International Money Express(IMXI)

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Intermex to Release Second Quarter 2025 Earnings
Globenewswire· 2025-08-04 20:15
MIAMI, Aug. 04, 2025 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), also known as Intermex, will release its Second Quarter 2025 earnings after the market closes on Monday, August 11, 2025. The Intermex management team will be hosting a conference call on the same day at 4:45 pm ET. Interested parties are invited to join the discussion and gain firsthand knowledge about Intermex's financial performance and operational achievements through the following channels: A live broadcast of th ...
International Money Express(IMXI) - 2020 Q1 - Earnings Call Presentation
2025-07-10 12:46
Financial Performance Highlights - Revenue increased by 130% to $773 million in Q1 2020 compared to $683 million in Q1 2019 [24, 16] - Adjusted EBITDA grew by 228% to $132 million in Q1 2020 compared to $108 million in Q1 2019 [6, 24, 20] - Net income increased by 802% to $57 million in Q1 2020 compared to $32 million in Q1 2019 [6, 24] - Free cash flow was estimated at $73 million in Q1 2020, a 52% increase from $48 million in Q1 2019 [7] - Adjusted EBITDA margin expanded by 136 basis points year-over-year to 171% [24] Operational Performance - Remittance volume increased by 173% [24] - The company converts 55% of Adjusted EBITDA to Free Cash after taxes, investments, and debt service [7] - Approximately 95% of independent agent retailers remained open for business during the COVID-19 pandemic [4] Market Position - Intermex's market share in Mexico was 180% in 2019 [22] - Intermex's market share in Guatemala was 254% in 2019 and 258% in Q1 2020 [22] COVID-19 Response - The company implemented social-distancing practices at Mexico and Guatemala call centers [4] - All headquarters employees were empowered to work from home efficiently [4] - All 33 Intermex operated stores were temporarily closed [4]
International Money Express (IMXI) Earnings Call Presentation
2025-07-10 12:44
Financial Performance Highlights - Revenue for Q1 2020 reached $77.3 million, a 13% increase compared to $68.3 million in Q1 2019[21, 18] - Remittance volume in Q1 2020 was $2.6 billion, up 17.3% from $2.2 billion in Q1 2019[21, 15] - Adjusted EBITDA for Q1 2020 grew to $13.2 million, a 22.8% increase from $10.8 million in Q1 2019[21, 19] - Net income for Q1 2020 increased significantly to $5.7 million, an 80.2% rise compared to $3.2 million in Q1 2019[21, 5] - Free cash flow was $7.3 million in Q1 2020, a 52% increase from $4.8 million in Q1 2019[7, 35] Business Trends - Transaction growth saw a rebound, from -7.2% in April 2020 to 7.3% in May 2020[6] - Volume growth also recovered, from -7.2% in April 2020 to 8.7% in May 2020[6] Profitability and Efficiency - Adjusted EBITDA margin expanded by 136 basis points year-over-year to 17.1%[23] - The company is converting 55% of Adjusted EBITDA to Free Cash, after taxes, investments and debt service[7]
International Money Express(IMXI) - 2020 Q2 - Earnings Call Presentation
2025-07-10 12:44
Second Quarter 2020 Performance - Revenue reached $85.1 million, a 2.9% increase compared to the second quarter of 2019[31] - Remittance volume totaled $2.8 billion, representing a 5.3% growth from the prior year period[31] - Adjusted EBITDA amounted to $17.4 million, a 6.8% increase year-over-year[31] - Net income increased by 26.9% to $9.0 million[31] - Adjusted EBITDA margin expanded by 75 basis points year-over-year to 20.4%[33] Growth Initiatives - Online business transactions grew by 884% in the second quarter of 2020 compared to the second quarter of 2019[14] - Online business customers increased by 608% in the second quarter of 2020 compared to the second quarter of 2019[14] - Emerging LATAM corridors experienced revenue growth of 17% from Q1 to Q2, now representing approximately 7% of total Intermex Revenue[16] Capital & Liquidity - Estimated free cash generated was $10.0 million in Q2 2020, a 16.4% increase of $1.4 million from Q2 2019[26] - The company converted 58% of Adjusted EBITDA to Free Cash after taxes, investments and debt service in Q2 2020[26] Third Quarter 2020 Guidance - The company projects revenue of $88 million – $91 million[36] - The company anticipates Adjusted EBITDA of $17 million - $18 million[36]
International Money Express(IMXI) - 2020 Q3 - Earnings Call Presentation
2020-11-04 14:51
Financial Performance - Revenue reached $95.6 million, a 12% increase compared to Q3 2019[4] - Net income increased by 135% to $9.5 million compared to $4.038 million in Q3 2019[4, 20] - Basic & Diluted EPS increased by 127% to $0.25[4, 19] - Adjusted Net Income increased by 28% to $12 million[4] - Adjusted EBITDA grew by 16% to $19 million[4] - Free Cash Generated increased by 79% to $10.5 million[4] Growth Drivers - Online growth was significant, with a 48% increase in Q3 2020 compared to Q3 2019[9] - The company is investing in digital initiatives, including hiring new digital leadership and redesigning the mobile app[11] - Emerging markets transaction growth showed strong quarter-over-quarter increases, reaching 35.2% in Q3 2020[8] Market Share and Strategy - The company is focused on targeted, high-volume agents, adding agents based on specific ZIP code demographics[6] - The company is driving market share growth in core markets[8] Future Outlook - The company anticipates Q4 2020 revenue between $93 million and $95 million, representing a 12%-14% increase[17] - The company projects Adjusted EBITDA for Q4 2020 to be between $16.5 million and $17 million, a 17%-20% increase[17]
International Money Express(IMXI) - 2020 Q4 - Earnings Call Presentation
2021-03-10 17:53
Financial Performance - Full Year 2020 - Net Income increased by 72.3% to $33.8 million[4] - Basic & Diluted EPS increased by 71.2% and 69.2% to $0.89 and $0.88 respectively[4] - Adjusted Net Income increased by 30.0% to $42.3 million[4] - Adjusted Basic & Diluted EPS increased by 27.6% and 26.4% to $1.11 and $1.10 respectively[4] - Adjusted EBITDA increased by 18.7% to $68.4 million[4] - Revenue increased by 11.8% to $357.2 million[4] Financial Performance - Fourth Quarter 2020 - Net Income increased by 80.1% to $9.6 million[5] - Basic & Diluted EPS increased by 78.6% to $0.25[5] - Adjusted Net Income increased by 54.2% to $11.7 million[5] - Adjusted EBITDA increased by 32.3% to $18.7 million[5] - Revenue increased by 19.3% to $99.3 million[5] Growth Drivers - Money Transfer Transactions increased by 36.7% in 4Q20 compared to 4Q19[6]
International Money Express(IMXI) - 2021 Q1 - Earnings Call Presentation
2021-05-05 17:37
Financial Performance - Q1 2021 - Revenue increased to $94.6 million, a 22.4% increase compared to Q1 2020[4] - Net Income rose to $9.0 million, a 57.8% increase compared to Q1 2020[4] - Basic & Diluted EPS increased to $0.23, a 53.3% increase compared to Q1 2020[4] - Adjusted Net Income increased to $10.6 million, a 40.0% increase compared to Q1 2020[4] - Adjusted EBITDA increased to $16.8 million, a 27.4% increase compared to Q1 2020[4] - Adjusted Basic & Diluted EPS increased to $0.27, a 35.0% increase compared to Q1 2020[4] Growth Metrics - Money transfer transactions increased from 7.0 million in Q1 2020 to 8.4 million in Q1 2021[6] - Market share in core markets grew to 19.6% in Q1 2021[7] Guidance for 2021 - Revenue is projected to be between $414 million and $421 million, representing a 16%-18% increase[11] - Net Income is projected to be between $40 million and $42 million, representing a 19%-24% increase[11] - Adjusted Net Income is projected to be between $47 million and $49 million, representing a 12%-15% increase[11] - Adjusted EBITDA is projected to be between $76 million and $79 million, representing an 11%-14% increase[11]
International Money Express(IMXI) - 2021 Q2 - Earnings Call Presentation
2021-08-05 17:40
Financial Performance - Revenue for the second quarter of 2021 was $116.7 million, an increase of 37.2% compared to the second quarter of 2020[4] - Net income for the second quarter of 2021 was $13.2 million, up 47.3% from the same period in 2020[4] - Basic and diluted earnings per share (EPS) increased by 41.7% to $0.34[4] - Adjusted net income was $15.3 million, a 41.2% increase[4] - Adjusted basic and diluted EPS increased by 42.9% and 39.3% to $0.40 and $0.39, respectively[4] - Adjusted EBITDA was $23.2 million, representing a 33.4% increase[4] Transaction and Market Growth - Money transfer transactions to emerging markets grew by 39.0% in Q1 2021 and 41.0% in Q2 2021[6] - The company's market share in core markets increased from 17.3% in 2Q18 to 21.0% in 2Q21[7] Digital Growth - Digital deposits to bank accounts increased between 2Q20 and 2Q21[9] - Total digital send or receive transactions accounted for 19% of total transactions in 2Q21[9] Updated Guidance - The company updated its 2021 revenue guidance to $441 million - $450 million[12] - Net income guidance was updated to $43 million - $45 million[12] - Adjusted net income guidance was updated to $51 million - $53 million[12] - Adjusted EBITDA guidance was updated to $80 million - $83 million[12]
International Money Express(IMXI) - 2021 Q3 - Earnings Call Presentation
2021-11-03 19:28
Financial Performance - Q3 2021 - Revenue increased to $1207 million, a 263% increase compared to Q3 2020[4] - Net income reached $115 million, up by 212% from the same period last year[4] - Diluted EPS increased to $029, reflecting a 160% growth year-over-year[4] - Adjusted net income rose to $157 million, a 283% increase compared to Q3 2020[4] - Adjusted diluted EPS increased to $040, up 250% from the previous year[4] - Adjusted EBITDA increased to $229 million, representing a 198% increase[4] Market Growth and Transactions - Money transfer transactions increased, demonstrating growth from 64 million in 3Q18 to 105 million in 3Q21[7] - The company is driving market share growth in core markets, reaching 218% in 3Q21[8] - Emerging markets contributed significantly to growth, with transaction growth reaching 235% in 3Q21[9] Digitalization - Digital deposits to bank accounts are growing, with total digital send or receive transactions accounting for 23% of total transactions in 3Q21[11, 12] Updated Guidance for 2021 - The company updated its 2021 revenue guidance to $450 million - $455 million[17] - Net income guidance was updated to $44 million - $45 million[17] - Adjusted net income guidance was updated to $52 million - $53 million[17] - Adjusted EBITDA guidance was updated to $84 million - $85 million[17]
UPDATE -- Intermex Launches a new Remittance-as-a-Service (RaaS) Platform to Help Businesses Simplify Cross-Border Payments
Globenewswire· 2025-07-08 13:19
Core Insights - International Money Express, Inc. (Intermex) has launched a redesigned Remittance-as-a-Service (RaaS) platform aimed at facilitating cross-border money transfers for businesses [1][2] - The platform allows companies to offer branded payment services in various markets, including Latin America and select regions in Southeast Asia, the EU, and Africa [3][4] Group 1: Platform Features - The RaaS platform provides a customizable system for businesses to create branded customer experiences across multiple channels, including WhatsApp and mobile apps [4] - It includes essential compliance measures such as licensing, know your customer (KYC), and anti-money laundering (AML) protocols [4] - The platform supports a wide range of payout options, including cash pickups, home deliveries, and direct bank deposits, leveraging one of the largest payout networks in Latin America [4] Group 2: Business Benefits - The platform aims to eliminate barriers for businesses looking to innovate and expand by providing a turnkey solution built on extensive industry experience [4] - Companies can access integrated payment services, merchant account management, chargeback support, and advanced anti-fraud tools [4] - Intermex offers 24/7 bilingual customer support, business insights, and ongoing strategic guidance to its partners [4][5] Group 3: Company Background - Founded in 1994, Intermex specializes in facilitating money transfers from various countries to over 60 destinations, utilizing proprietary technology [6] - The company operates through a network of retail agents and company-operated stores, with headquarters in Miami, Florida, and international offices in Mexico, Guatemala, the UK, and Spain [6]