Second Quarter 2024 Earnings Presentation August 7, 2024 Safe Harbor Statement / Non-GAAP Financial Measures This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, which reflect our current views concerning certain events that are not historical facts but could have an effect on our future performance, including but without limitation, statements regarding our plans, objectives, financial performance, business ...

International Money Express (IMXI) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.79%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.43, delivering a surprise of 10.26%. Over the last four quarters ...

Exhibit 99.1 Intermex Reports Second Quarter Results Company continues to generate strong earnings and margins, continued execution of omnichannel strategy Company to Host Conference Call Today at 9 a.m. ET MIAMI, (August 7, 2024) – International Money Express, Inc. (NASDAQ: IMXI) ("Intermex" or the "Company"), one of the nation's leading omnichannel money transfer services to Latin America and the Caribbean, today reported strong operating results for the second quarter of 2024. Financial performance highl ...

Strong relationships with major banks, rigorous compliance processes and a seasoned management team further solidify IMXI's competitive edge in the market. Strategic acquisitions, like LAN Holdings, have expanded its geographic reach, and a significant investment in digital platforms supports the growing trend of online and mobile remittances. International Money Express (IMXI) shares rallied 5.3% in the last trading session to close at $21.11. This move can be attributable to notable volume with a higher n ...

MIAMI, July 15, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), also known as Intermex, will release its Second Quarter 2024 earnings before the start of trading on Wednesday, August 7, 2024. The Intermex management team will be hosting a conference call on the same day at 9:00 am ET. A live broadcast of the conference call may be accessed via the Investor Relations section of Intermex's website at https://investors.intermexonline.com/. To participate in the live conference call v ...

Interested parties are invited to join the conference and gain firsthand knowledge about Intermex's financial performance and operational achievements through the following channels: About International Money Express, Inc. MIAMI, July 15, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), also known as Intermex, will release its Second Quarter 2024 earnings before the start of trading on Wednesday, August 7, 2024. The Intermex management team will be hosting a conference call on the ...

Financial Performance - Total revenues for Q1 2024 were $150,412, an increase of 3.6% compared to $145,364 in Q1 2023[18] - Net income for Q1 2024 was $12,106, representing a 2.9% increase from $11,762 in Q1 2023[18] - Operating income for Q1 2024 was $19,586, up from $18,839 in Q1 2023, reflecting a growth of 4.0%[18] - The company reported a basic earnings per share of $0.36 for Q1 2024, compared to $0.32 for Q1 2023, an increase of 12.5%[18] - Net income for the three months ended March 31, 2024, was $12,106,000, an increase of 2.9% compared to $11,762,000 in the same period of 2023[88] - Basic earnings per share increased to $0.36 for Q1 2024, up from $0.32 in Q1 2023, representing a growth of 12.5%[88] - Adjusted net income for Q1 2024 was $14.7 million, up $0.5 million or 3.5% from $14.2 million in Q1 2023[154] - Adjusted EBITDA for Q1 2024 was $25.4 million, representing an increase of $1.3 million or 5.5% from $24.1 million in Q1 2023[162] Cash Flow and Liquidity - Cash flows from operating activities for Q1 2024 were $48,236, significantly higher than $1,158 in Q1 2023[20] - Cash and cash equivalents decreased to $218,795 as of March 31, 2024, down from $239,203 at the end of 2023, a decline of 8.5%[20] - Net cash provided by operating activities was $48.2 million for the three months ended March 31, 2024, an increase of $47.0 million from $1.2 million for the same period in 2023[185] - Net cash used in investing activities was $13.5 million for the three months ended March 31, 2024, an increase of $11.4 million from $2.1 million for the same period in 2023[186] - Net cash used in financing activities was $55.1 million for the three months ended March 31, 2024, primarily consisting of $28.5 million of net repayments of the revolving credit facility and $23.4 million used for repurchases of common stock[187] Assets and Liabilities - Total assets decreased to $548,702 as of March 31, 2024, down from $576,812 at the end of 2023, a reduction of 4.9%[17] - Total current liabilities increased to $238,618 as of March 31, 2024, compared to $223,373 at the end of 2023, an increase of 6.8%[17] - The net accounts receivable as of March 31, 2024, was $149,054,000, a decrease from $155,237,000 as of December 31, 2023, indicating a decline of 3.99%[40] - The total debt decreased from $189,469,000 as of December 31, 2023, to $159,328,000 as of March 31, 2024[57] - The balance of accrued and other liabilities decreased from $54,661,000 on December 31, 2023, to $53,477,000 on March 31, 2024[56] Expenses - Operating expenses totaled $130.8 million for the three months ended March 31, 2024, up from $126.5 million in the same period of 2023, representing an increase of 3.0%[129] - Salaries and benefits increased by $1.9 million, or 11.7%, to $18.1 million for the three months ended March 31, 2024, mainly due to an expanded workforce from the LAN Holdings acquisition[135] - Depreciation and amortization for Q1 2024 was $3.2 million, an increase of $0.3 million or 10.3% from $2.9 million in Q1 2023[139] - Interest expense for Q1 2024 rose to $2.7 million, up $0.5 million or 22.7% from $2.2 million in Q1 2023, primarily due to higher market interest rates[140] Share Repurchase and Stock Options - The company repurchased $23,423 worth of common stock in Q1 2024, compared to $7,584 in Q1 2023, indicating an increase in stock buybacks[20] - The Company purchased 1,124,476 shares for an aggregate price of $23.4 million during Q1 2024, compared to 316,459 shares for $7.6 million in Q1 2023[85] - As of March 31, 2024, there was $50.7 million available for future share repurchases under the Repurchase Program[85] - The Company recognized stock option compensation expense of approximately $44.4 thousand for Q1 2024, compared to $139.9 thousand for Q1 2023[72] - The aggregate intrinsic value of stock options exercised during Q1 2024 was approximately $2.4 million[73] Acquisitions and Goodwill - The company completed the acquisition of LAN Holdings, Corp. for a total consideration of $13.4 million, which included $10.3 million in cash[32] - The goodwill recognized from the LAN Acquisition increased to $5,536,000 after measurement period adjustments[34] - Goodwill remained unchanged at $53,986,000 from December 31, 2023, to March 31, 2024, while intangible assets decreased from $18,143,000 to $17,130,000[48] Regulatory and Future Plans - The company plans to implement a Restructuring Plan in Q2 2024, expecting to incur approximately $2.4 million in restructuring costs[103] - The anticipated reduction in expenses from the Restructuring Plan is expected to be approximately $2.0 million annually, primarily realized in 2025[106] - The company expects ongoing regulatory requirements to lead to changes in business practices and potentially increased costs in the future[110] Foreign Exchange and Transactions - Wire transfer and money order fees for Q1 2024 were $127,484,000, compared to $125,007,000 in Q1 2023, reflecting an increase of 1.98%[36] - Principal amount sent through the company's services increased by approximately 2.6% to $5.5 billion for the three months ended March 31, 2024, compared to the same period in 2023[102] - Total remittances processed rose by approximately 4.8% to approximately 13.5 million transactions in Q1 2024, compared to the same period in 2023[102] - Foreign exchange gain, net, increased by $1.1 million, or 5.7%, to $20.3 million for the three months ended March 31, 2024, attributed to higher transaction volume and a higher foreign exchange spread[132]

International Money Express, Inc. (NASDAQ:IMXI) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET Company Participants Alex Sadowski – Investor Relations Coordinator Bob Lisy – Chairman, Chief Executive Officer and President Andras Bende – Chief Financial Officer Chris Hunt – Chief Operating Officer Conference Call Participants Gus Gala – Monness, Crespi, Hardt and Company Alex Markgraff – KBCM Mike Grondahl – Northland Securities Rufus Hone – BMO Operator Good day and thank you for standing by. Welco ...

Digital Disciplined, profitable growth Continued growth in LAC, expansions into new markets Market Expansion Operational Excellence Retail is still king Strengthening Inside Sales reach Increased interactions with agents: drives ability to offer competitive solutions to our customers and access growth opportunities across the country Cost-effective staffing by basing new roles at Intermex offshore support centers 2024 12 Accelerating retail growth Tripled staff to increase coverage across our agent network ...

International Money Express (IMXI) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.26%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.56, delivering a surprise of 7.69%.Over the last four quarters, t ...