International Mny Express (IMXI) Stock News

International Money Express (NASDAQ: IMXI) has announced a strategic partnership with Houston Dynamo FC, a Major League Soccer team, to celebrate Latino heritage through soccer. The partnership targets Houston's significant Latino population, which comprises 45% of the city's residents, and aligns with soccer's growing popularity in the US, boasting 85 million fans nationwide. Notably, Latino fans represent 70% of the MLS audience. The collaboration aims to create in-stadium experiences, community events, and cultural celebrations. Intermex, positioning itself as the only remittance company built by Latinos for Latinos, sees this partnership as an opportunity to connect with customers beyond financial services through a culturally significant sport.

International Money Express (NASDAQ: IMXI) has formed a groundbreaking partnership with the LA Galaxy and Dignity Health Sports Park (DHSP), becoming the Official International Remittance Partner of the team and a Founding Partner of the stadium. This multi-year agreement marks Intermex's first sports partnership and includes prominent branding throughout DHSP, presenting partnership of the LA Galaxy Soccer Center, and title sponsorship of the 2025 Mexican Heritage Night. The partnership strategically aligns with Los Angeles' large Latino population, where nearly 70% of MLS viewership comes from Latino fans. Intermex, founded in 1994, facilitates digital money transfers from the U.S., Canada, and Europe to over 60 countries, with a focus on Latin America. The timing is significant as it extends through the 2026 FIFA World Cup and 2028 Olympics in Los Angeles.

International Money Express (NASDAQ: IMXI) reported its Q1 2025 financial results, showing mixed performance. The company achieved revenue of $144.3 million (down 4.1% YoY) and net income of $7.8 million (down 35.5%). While money transfer volumes grew 3.7% to $5.6 billion, transaction count decreased 5.2% to 12.8 million. The company reported diluted EPS of $0.25 and adjusted diluted EPS of $0.35. Adjusted EBITDA declined 15% to $21.6 million. During Q1, Intermex repurchased 367,873 shares for $5 million. The company revised its 2025 guidance, projecting revenue between $634.9-654.2 million, diluted EPS of $1.53-1.65, and adjusted EBITDA of $103.6-106.8 million. Management cited market uncertainty and consumer behavior changes as challenges while emphasizing continued execution of their omnichannel strategy.

International Money Express (NASDAQ: IMXI) has announced it will release its First Quarter 2025 earnings before trading begins on Wednesday, May 7, 2025. The company will host a conference call at 9:00 am ET on the same day.

Investors and interested parties can access the earnings discussion through two channels: via live broadcast through the Investor Relations section of Intermex's website, or by telephone conference call after registering to receive dial-in details. An archived version of the webcast will remain available on the company's website for one year following the call.

International Money Express (NASDAQ: IMXI) has launched Intermex SOMA (Store Owner Management App), a new mobile platform designed to enhance business management for Intermex agents. The app provides real-time visibility into business metrics, allowing store owners to track performance, monitor commissions, and receive instant alerts.

The platform features a comprehensive dashboard displaying MTD, YTD, MoM, and YoY performance views, along with push notifications and built-in contact features for immediate support. Chief Product, Marketing & Digital Officer Marcelo Theodoro emphasizes the app's focus on empowering agent partners, primarily small business owners, with improved control and convenience.

This launch represents a significant advancement in Intermex's digitization and omnichannel strategies, with plans for future updates to include deal management tools, marketing materials access, and new service features.

International Money Express (NASDAQ: IMXI) reported its Q4 and full-year 2024 results, with annual revenues staying flat at $658.6 million and net income slightly decreasing by 1.2% to $58.8 million. The company achieved ~10% EPS growth, with diluted EPS reaching $1.79.

Key highlights include:

• Q4 revenues declined 4.1% to $164.8 million
• Digital money transfer revenues grew 48.3% in Q4
• Full-year total principal sent decreased 0.8% to $24.4 billion
• Company ended Q4 with $130.5 million in cash

The Board suspended its strategic alternatives review process, determining that current business model offers better long-term value. The company repurchased 3,765,320 shares for $75.1 million in 2024, with $63.2 million remaining in the buyback program. For 2025, IMXI projects revenues of $657.5-677.5 million and diluted EPS of $1.76-1.91.

International Money Express (NASDAQ: IMXI) has announced the launch of wire transfers through WhatsApp, targeting the Latino market where 95% of U.S. Hispanics use the messaging platform on their smartphones. This integration allows customers to send money as easily as sending a message, making remittances more accessible and convenient.

The new feature combines Intermex's trusted brand with their technology to provide secure and user-friendly money transfers directly through WhatsApp. Beyond transactions, the platform will serve as a communication channel for customer support, transfer tracking, and updates. The service will initially launch in key markets with plans for future expansion as part of Intermex's digital strategy.

International Money Express (NASDAQ: IMXI) has announced it will release its Fourth Quarter and Full Year 2024 earnings before market open on Wednesday, February 26, 2025, followed by a conference call at 9:00 AM ET. The company will also host an Investor Day event at The Westin New York at Times Square starting at 1:00 PM ET on the same day.

The Investor Day event will feature management presentations on strategic updates, key business areas, and future growth opportunities. While in-person attendance is to institutional investors and analysts, a live stream will be available for remote viewers, though Q&A participation is reserved for in-person attendees.

Additionally, Intermex disclosed it is evaluating strategic alternatives, including a potential sale, spin-off, or other strategic transaction, with no set deadline or guaranteed outcome.

International Money Express (NASDAQ: IMXI) has launched a new international mobile top-up service in partnership with Ding, enabling customers to send mobile airtime credits to recipients in over 130 countries. The service, available from December 2024, allows users to add credit for calls, texts, and data to mobile phones abroad through Intermex's retail and digital channels at no additional cost.

The partnership leverages Ding's top-up delivery platform and Intermex's established presence in the Latin American community, expanding the company's financial services portfolio. This initiative aims to enhance connectivity for families separated by borders, reinforcing Intermex's commitment to providing culturally relevant financial solutions for its customer base.