Welcome to our dedicated page for International Mny Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Mny Express stock.
International Money Express, Inc. provides omnichannel money remittance services focused on corridors from the United States and Canada to Latin America, the Caribbean and other international markets. Company news commonly covers digital money-transfer partnerships, payout-network expansion, wire transfer services, money order activity and technology used to support branded and business-to-business remittance programs.
Recurring developments include alliances with banks, fintechs and money service businesses, digital account-to-account receiving options, payroll card features, mobile and web remittance tools, and expansion of Intermex transfer infrastructure into additional corridors such as Canada, the Dominican Republic, Guatemala and Africa.
International Money Express (NASDAQ: IMXI) announced its participation in the Stephens Annual Investment Conference on November 16, 2022, starting at 9:00 a.m. ET. The company's CFO, Andras Bende, will share insights during the presentation.
Investors can access the live presentation via webcast at this link, with an archived version available after the event. Founded in 1994, Intermex specializes in money remittance services to 18 countries, leveraging technology to facilitate transactions.
International Money Express, Inc. (NASDAQ: IMXI) has successfully acquired Envios de Valores La Nacional Corp for $42.3 million in cash, with potential additional payments of $2.4 million based on future performance. This acquisition expands Intermex's reach in the Dominican Republic, enhancing its share to over 20% in seven key Latin American markets. Once integrated, the combined entities are expected to generate $70-$80 million annually with an adjusted EBITDA margin of 9%-11%. La Nacional will operate independently under its existing leadership.
International Money Express, Inc. (NASDAQ: IMXI) will release its Third Quarter 2022 earnings on November 9, 2022, before market opening. A conference call is scheduled for the same day at 9:00 am ET to discuss the financial and operational results, accessible via phone or webcast. Founded in 1994, Intermex facilitates money transfers from the U.S. and Canada to multiple countries in Latin America, Africa, and Asia through various channels.
International Money Express reported strong financial growth for Q2 2022, with revenues of $136.9 million, up 17.3% year-over-year. The net income increased by 20.8% to $16.0 million, and diluted EPS rose 20.6% to $0.41. The company also achieved a 21.9% market share in remittances to Mexico and Central America, thanks to a significant rise in digital transactions. As of the end of Q2, cash on hand was $114.6 million. The company expects improved full-year guidance, aiming for revenues of $542 million to $551 million.
International Money Express, Inc. (NASDAQ: IMXI) will present at the KeyBanc Capital Markets’ Technology Leadership Forum on August 8, 2022, at 3:00 p.m. MT/5:00 p.m. ET in Vail, CO. The presentation will feature Bob Lisy, the company’s chairman and CEO. Investors can listen via a live webcast, which will also be archived after the event.
Founded in 1994, Intermex provides money transfer services from the U.S. and Canada to 16 Latin American countries and operates through a network of agents and digital platforms.
International Money Express (NASDAQ: IMXI) will announce its Second Quarter 2022 earnings on August 3, 2022, before market open. The management will conduct a conference call at 9:00 am ET on the same day to discuss outcomes. Investors can join via phone or webcast. An audio replay will be accessible from August 3 until August 17, 2022. Founded in 1994, Intermex focuses on digital money transfer services primarily to Latin America and beyond, leveraging proprietary technology and an extensive agent network.
International Money Express, Inc. (NASDAQ: IMXI) announced a shift to a virtual presentation at the 17th Annual Needham Technology & Media Conference due to unexpected weather-related travel disruptions. The event will take place on May 18, 2022, starting at 3:00 p.m. Eastern time. CFO Andras Bende will present and comments will be shared. Interested parties can access the presentation via a webcast, with an archived version available post-event. Founded in 1994, IMXI offers money remittance services across various regions including Latin America, Africa, and Asia.
International Money Express reported robust Q1 2022 results with revenues increasing by 21.2% to $114.7 million and net income rising 29.8% to $11.7 million. The company showcased strong operational growth, notably in digital transactions, which surged 104.6%. Active customers grew 16.6%, reflecting an expanding network of agents. Intermex is poised for further growth with a projected revenue of $537 million to $546 million for 2022, reaffirming its competitive edge in Latin America remittances.
International Money Express (NASDAQ: IMXI) will present at the 17th Annual Needham Technology & Media Conference in New York City on May 17, 2022, starting at 8:45 a.m. Eastern time. The presentation will feature comments from Chief Financial Officer Andras Bende.
Investors can listen via a webcast available on the company’s investor relations page, with an archived version accessible after the event.
International Money Express, Inc. (NASDAQ: IMXI) will release its First Quarter 2022 earnings before the market opens on May 4, 2022. A conference call is scheduled for the same day at 9:00 AM ET, where management will discuss financial and operating results. Shareholders can join the call by dialing designated numbers or through a webcast here. An audio replay will be available post-call until May 18, 2022. Intermex provides money transfer services to 17 Latin American countries and beyond.