International Money Express(IMXI)

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International Money Express(IMXI) - 2025 Q1 - Earnings Call Presentation
2025-05-07 13:23
Financial Performance - Revenue decreased by 4.1% year-over-year to $144.3 million[6] - Net income decreased by 35.5% year-over-year to $7.8 million[6] - Adjusted net income decreased by 25.9% year-over-year to $10.9 million[6] - Diluted EPS decreased by 28.6% year-over-year to $0.25[6] - Adjusted diluted EPS decreased by 18.6% year-over-year to $0.35[6] - Adjusted EBITDA decreased by 15.0% year-over-year to $21.6 million[6] Operational Metrics - Active and unique customers decreased by 1.6% year-over-year to approximately 3.5 million[9] - Money transfer transactions decreased by 5.2% year-over-year to 12.8 million[9] - Total principal sent increased by 3.7% year-over-year to $5.6 billion[9] - Digital transactions increased by 68.5% year-over-year to 0.8 million[9] - Revenue from digital transactions increased by 29.8% year-over-year to $4.9 million[9] Liquidity and Capital Allocation - Cash and cash equivalents were $152 million[19] - Undrawn revolver capacity at March 31 was $278 million[19] - Total debt was $147 million[20] - Debt to Adjusted EBITDA (trailing twelve months) was 1.3x[20] - $5.0 million was allocated to stock buybacks in Q1 2025[24] 2025 Outlook - The company projects revenue between $634.9 million and $654.2 million[27] - The company projects Adjusted EBITDA between $103.6 million and $106.8 million[27] - The company projects Diluted EPS between $1.53 and $1.65[27] - The company projects Adjusted Diluted EPS between $1.86 and $2.02[27]
Intermex Reports First-Quarter Results
Globenewswire· 2025-05-07 12:00
Core Insights - Intermex reported solid volume growth of 3.7% year-over-year, despite a 4.1% decline in total revenues to $144.3 million due to changes in consumer sending behavior [3][4] - The company’s net income decreased by 35.5% to $7.8 million, with diluted earnings per share down 28.6% to $0.25, primarily driven by lower transaction volumes [4][5] - Adjusted net income was $10.9 million, a decrease of 25.9%, with adjusted diluted earnings per share at $0.35, down 18.6% [5][6] Financial Performance - Total principal amount transferred increased by 3.7% to $5.6 billion, while the number of money transfer transactions decreased by 5.2% to 12.8 million [3][4] - Adjusted EBITDA fell by 15.0% to $21.6 million, reflecting the same trends impacting net income [6][8] - The company ended the quarter with $151.8 million in cash and cash equivalents, and net free cash generated was $10.3 million, up from the previous year [7][8] Strategic Developments - Intermex is revising its full-year guidance due to increased market uncertainty and volatility, focusing on long-term investments in digital business offerings [10][11] - The company incurred $1.2 million in transaction costs related to strategic evaluations and $0.3 million in restructuring costs primarily for foreign operations [8][9] - Share repurchase activity resulted in a reduction of share count, positively impacting diluted earnings per share [5][9] Guidance - For full-year 2025, Intermex projects revenues between $634.9 million and $654.2 million, with diluted EPS expected to be between $1.53 and $1.65 [11][10] - Adjusted diluted EPS is forecasted to range from $1.86 to $2.02, and adjusted EBITDA is expected to be between $103.6 million and $106.8 million [11][10]
International Money Express(IMXI) - 2025 Q1 - Quarterly Results
2025-05-07 11:58
Exhibit 99.1 Intermex Reports First-Quarter Results Company reports solid volume growth, continued execution of omnichannel strategy Company to Host Conference Call Today at 9 a.m. ET MIAMI, (May 7, 2025) – International Money Express, Inc. (NASDAQ: IMXI) ("Intermex" or the "Company"), one of the nation's leading global omnichannel money transfer services to Latin America and the Caribbean, today reported financial and operating results for the first quarter of 2025. Financial performance highlights for the ...
Intermex to Release First Quarter 2025 Earnings
Newsfilter· 2025-04-16 12:00
Company Overview - International Money Express, Inc. (Intermex) was founded in 1994 and specializes in enabling consumers to send money from the United States, Canada, and Europe to over 60 countries [2] - The company utilizes proprietary technology for digital money transfers through a network of agent retailers, company-operated stores, a mobile app, and websites [2] - Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain [2] Upcoming Earnings Release - Intermex will release its First Quarter 2025 earnings before the market opens on May 7, 2025 [1] - A conference call hosted by the management team will take place on the same day at 9:00 am ET to discuss financial performance and operational achievements [1] Investor Relations - Interested parties can access the live broadcast of the conference call via the Investor Relations section of Intermex's website [3] - To participate in the call via telephone, registration is required to receive a dial-in number and unique PIN [3] - An archived webcast of the conference call will be available for one year on Intermex's website following the event [3]
Intermex Empowers Store Owners With Launch of Intermex SOMA: A Game-Changing Mobile App for Business Management on the Go
Newsfilter· 2025-04-15 12:00
Core Insights - International Money Express, Inc. (Intermex) has launched a new mobile platform called Intermex SOMA to enhance real-time visibility for agents in managing their businesses [1][4] - The app is designed to simplify operations for store owners, allowing them to track performance metrics, monitor commissions, and receive real-time alerts [2][3] - Intermex SOMA is part of the company's broader commitment to digitization and omnichannel strategies, with plans for future updates to expand its functionality [4] Company Overview - Intermex was founded in 1994 and specializes in money remittance services to over 60 countries from various locations including the United States, Canada, and Europe [5] - The company utilizes proprietary technology to facilitate digital money transfers through its website, mobile app, and a network of retail agents and stores [5] - Headquartered in Miami, Florida, Intermex also has international offices in Puebla, Guatemala City, London, and Madrid [5]
International Money Express(IMXI) - 2024 Q4 - Annual Report
2025-02-27 22:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to Commission File No. 001-37986 INTERNATIONAL MONEY EXPRESS, INC. (Exact name of registrant as specified in its charter) | Delaware | | 47-4219082 | ...
International Money Express(IMXI) - 2024 Q4 - Earnings Call Transcript
2025-02-26 17:57
International Money Express Inc. (NASDAQ:IMXI) Q4 2024 Earnings Conference Call February 26, 2025 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 - MCH & Company David Scharf - Citizens Mike Grondahl - Northland Chris Zhang - UBS Operator Hello, and welcome to the International Money Express Inc. Fourth Qua ...
Compared to Estimates, International Money Express (IMXI) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-02-26 15:36
Core Insights - International Money Express (IMXI) reported a revenue of $164.76 million for the quarter ended December 2024, reflecting a year-over-year decline of 4.1% [1] - The earnings per share (EPS) for the same period was $0.57, slightly up from $0.56 a year ago, but below the consensus estimate of $0.59, resulting in an EPS surprise of -3.39% [1] - The reported revenue was also below the Zacks Consensus Estimate of $170.23 million, leading to a revenue surprise of -3.22% [1] Revenue Breakdown - Other income was reported at $5.47 million, significantly exceeding the estimated $2.33 million, marking an increase of 86.8% compared to the year-ago quarter [4] - Foreign exchange gain, net, was reported at $21.84 million, which was lower than the estimated $25 million, representing a decline of 7.7% year-over-year [4] - Revenue from wire transfer and money order fees, net, was $137.44 million, below the average estimate of $142.93 million, indicating a year-over-year decrease of 5.3% [4] Stock Performance - Over the past month, shares of International Money Express have returned -5.6%, compared to a -2.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
International Money Express (IMXI) Q4 Earnings and Revenues Lag Estimates
ZACKS· 2025-02-26 15:05
International Money Express (IMXI) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.39%. A quarter ago, it was expected that this company would post earnings of $0.58 per share when it actually produced earnings of $0.61, delivering a surprise of 5.17%.Over the last four quarters, t ...
Intermex Reports Fourth-Quarter and Full-Year Results
Globenewswire· 2025-02-26 13:00
Company delivers ~10% EPS growth in 2024 Company to Host Conference Call Today at 9 a.m. ET MIAMI, Feb. 26, 2025 (GLOBE NEWSWIRE) -- 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 operating results for the fourth quarter and full-year 2024. Financial performance highlights for the full-year: Revenues of $658.6 millionNet income of $58.8 millionDiluted EPS of $1. ...