International Money Express(US:IMXI)2022-08-05 18:05Financial Performance Highlights - Transactions increased to 11.9 million, up by 18.1% compared to Q2 2021[7] - Revenue reached $136.9 million, showing a 17.3% increase compared to Q2 2021[7] - Net income increased to $16.0 million, up by 20.8% compared to Q2 2021[7] - Adjusted EBITDA reached $27.7 million, reflecting a 19.3% increase compared to Q2 2021[7] - Net free cash generated was $17.3 million in Q2 2022[31] Growth Metrics - Active customers reached 3.0 million by the end of Q2 2022[16] - Principal sent totaled $5,327.1 million in Q2 2022[21] - Digital transactions accounted for 26.3% of total transactions in Q2 2022[19] Market Position - The company has more than 20% market share in the top 5 LACA markets for all remittance dollars from the US[15] - Tier I and Tier II market share was 21.0% in Q2 2022[22] Future Outlook - The company projects revenue of $542 million - $551 million, up 18% - 20% for 2022[33] - The company projects net income of $60 million - $61 million, up 28% - 30% for 2022[33] - The company projects Adjusted EBITDA of $104 million - $106 million, up 20% - 22% for 2022[33]