International Mny Express Inc Stock Price, News & Analysis

International Money Express, Inc. (NASDAQ: IMXI) reported impressive financial results for Q3 2021, with revenues of $120.7 million, marking a 26.3% year-over-year increase. Net income rose 21.2% to $11.5 million and diluted EPS increased 16.0% to $0.29. Adjusted net income grew 28.3% to $15.7 million, while adjusted diluted EPS reached $0.40, up 25.0%. The company has raised its full-year 2021 guidance for revenues to between $450 million - $455 million.

International Money Express, Inc. (NASDAQ: IMXI) is set to release its Third Quarter 2021 earnings on November 3, 2021, before market opening. The management will host a conference call at 9:00 am ET to review financial and operational results. Interested parties can join the call by dialing 1-877-423-9813 or via webcast. An audio replay will be available from November 3 to November 17, 2021. The company, which facilitates money transfers to 17 Latin American countries, is headquartered in Miami, Florida, and was founded in 1994.

International Money Express (NASDAQ: IMXI) announced a stock repurchase program authorized by its Board of Directors, allowing up to $40 million for the buyback of common stock. The decision reflects confidence in the company's omnichannel strategy and strong financial position. This strategic move is aimed at enhancing shareholder value while maintaining liquidity for future growth and acquisitions. The actual amount repurchased will depend on market conditions and various factors, with purchases potentially funded from cash on hand.

International Money Express (NASDAQ: IMXI) reported a record-breaking second quarter of 2021 with revenues of $116.7 million, up 37.2% year-over-year. Net income rose 47.3% to $13.2 million, with basic and diluted EPS at $0.34, an increase of 41.7%. Adjusted net income also grew 41.2% to $15.3 million, while adjusted EBITDA increased 33.4% to $23.2 million. The company has raised its full-year guidance, expecting revenues between $441 million and $450 million.

International Money Express (NASDAQ: IMXI) will announce its Second Quarter 2021 earnings on August 4, 2021, before market opening. A conference call to discuss the results is scheduled for the same day at 9:00 am ET, accessible via phone or webcast. The company facilitates money transfers from the U.S. and Canada to various countries, leveraging proprietary technology and a vast network of agents and locations. An audio replay of the call will be available after the event for a limited time.

International Money Express (IMXI) completed a significant refinancing of its secured debt, establishing a new $87.5 million term loan facility and a $150 million revolving credit facility with additional potential borrowing of $70 million. The new loan terms feature lower interest rates, reducing from LIBOR plus 450 basis points to LIBOR plus 250-300 basis points, maturing in 2026. This refinancing underscores market confidence in Intermex and enhances the company’s financial flexibility and growth potential in the Latin American remittance market.

International Money Express reported first-quarter 2021 revenues of $94.6 million, up 22.4% year-over-year. Net income rose 57.8% to $9.0 million, with basic and diluted EPS at $0.23, a 53.3% increase. Adjusted net income increased 40% to $10.6 million, and adjusted EBITDA grew 27.4% to $16.8 million. The company holds a 19.6% market share in key regions, surpassing overall market growth. For the full year, Intermex anticipates revenue growth of 16%-18%, reaching $414 million - $421 million.

International Money Express, Inc. (NASDAQ: IMXI) will announce its First Quarter 2021 earnings on May 5, 2021, before trading opens. A conference call to discuss the financial results is scheduled for the same day at 8:30 am ET. Investors can access the call by phone or through a webcast. A replay will be available from May 5 until May 19, 2021. Founded in 1994 and headquartered in Miami, the company specializes in digital money transfers to 17 Latin American countries, seven African countries, and two Asian countries, utilizing a network of agent retailers and technology.

International Money Express, Inc. (NASDAQ: IMXI) reported an all-time high in remittances for March 2021 with 3,147,116 transfers, a 23.3% increase from March 2020. Total funds transferred exceeded $1.3B, marking a 30.4% year-over-year growth. Intermex's digital platform also saw impressive growth, up 105.2%. Key markets Mexico and Guatemala experienced a 17.8% increase, capturing a 21.3% market share. Emerging markets, including Dominican Republic and Brazil, grew by 43.9%.