International Money Express(US:IMXI)2021-08-05 17:40Financial 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]