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]

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]

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]

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]

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]

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]

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]

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 European Union, and Africa [3][4] Company Overview - Intermex, founded in 1994, specializes in money transfers from locations such as the U.S., Canada, Spain, Italy, the U.K., and Germany to over 60 countries [6] - The company operates through a combination of digital platforms and a vast network of retail agents and company-operated stores [6] 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 services such as cash pickups, home deliveries, direct bank deposits, integrated payment services, and advanced anti-fraud tools [4][5] - The platform is supported by appropriate licensing and compliance measures, ensuring adherence to regulations [4] Business Benefits - The RaaS platform aims to eliminate barriers for businesses looking to innovate and expand, providing a turnkey solution that includes infrastructure, licenses, and support teams [4][5] - Partners benefit from 24/7 bilingual customer support, business insights, and ongoing strategic guidance [4]

Core Insights - International Money Express, Inc. (Intermex) has announced a partnership with the New York Red Bulls, focusing on serving the Latino community through soccer [1][2][3] Company Overview - Intermex is a leading money remittance provider, enabling consumers to send money from various countries to over 60 destinations [4] - The company utilizes proprietary technology and operates through a network of retail agents and company-operated stores [4] Partnership Details - The partnership aims to engage with Latino communities in the northeast U.S. through in-stadium activations, community outreach events, and cultural initiatives [3] - Intermex's collaboration with the New York Red Bulls highlights its commitment to supporting the sport that resonates with Latino identity and tradition [2][3] Market Context - There are over 85 million soccer fans in the U.S., with Latinos making up nearly 70% of MLS viewership, indicating a strong market for this partnership [2]

Company Overview - International Money Express, Inc. (Intermex) is a leading money remittance provider focused on Latin America and the Caribbean, founded in 1994 [5] - The company utilizes proprietary technology to facilitate money transfers from various countries to over 60 destinations [5] - Intermex operates through a combination of digital platforms and a network of retail agents and company-operated stores [5] Partnership Announcement - Intermex has announced a new partnership with Houston Dynamo FC, a Major League Soccer team, aimed at promoting Latino culture through soccer [1][2] - This collaboration is significant in Houston, where over 45% of the population identifies as Latino, and Latino fans constitute nearly 70% of the MLS audience [2] Cultural and Community Engagement - The partnership seeks to enhance cultural pride, family connections, and community empowerment through various initiatives [2][4] - Intermex's Chief Product, Marketing & Digital Officer emphasized the importance of connecting with customers beyond financial services through shared heritage and passion for soccer [3] - The collaboration will include in-stadium experiences, community events, and cultural celebrations that honor the Latino community [4] Houston Dynamo FC Overview - Houston Dynamo FC is part of a multi-faceted organization that includes the Dynamo, the Houston Dash, and the Houston Dynamo Academy [6] - The club has a history of success, including two MLS Cup championships and participation in international competitions [6] - Recent investments include a multi-million-dollar renovation of Shell Energy Stadium and a new headquarters in East Downtown Houston [6]