NASDAQ$IMXI

International Money Express Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported double-digit growth in transactions, revenues, and net income.

Intermex reported a record first quarter with a 22.4% increase in revenues to $94.6 million, a 57.8% increase in Net Income to $9.0 million, and basic and diluted earnings per share of $0.23, up 53.3% compared to the prior-year period.

  • Revenues of $94.6 million, an increase of 22.4% compared with the prior-year period
  • Net Income of $9.0 million, an increase of 57.8%, and Basic and Diluted EPS of $0.23, up 53.3%, compared with the prior-year period
  • Adjusted Net Income increased 40.0% to $10.6 million and Adjusted Basic and Diluted EPS grew 40.0% and 35.0% to $0.28 and $0.27 per share, respectively, compared with the prior-year period
  • Adjusted EBITDA of $16.8 million, an increase of 27.4% over the prior-year period

Headline financials

Total Revenue

$94.6M

Previous: $77.3M+22.4%
EPS (adj)

$0.27

Previous: $0.20+35.0%
Adj. EBITDA Margin

17.8%

Previous: 17.1%+4.1%
Net Income Margin

9.5%

Previous: 7.4%+28.4%
Capital Expenditures

-$1.93M

Previous: -$901K-114.2%
Free Cash Flow

$7.05M

Previous: $4.79M+47.2%
Net Income

$8.98M

Previous: $5.69M+57.8%
Operating Income

$13.5M

Previous: $9.64M+40.0%
Gross Profit

$31.2M

Previous: $25M+24.7%
Cash & Equivalents

$55.1M

Previous: $102M-45.9%
Total Assets

$287M

Previous: $228M+26.1%
Stock-Based Comp

$896K

Previous: $722K+24.1%

Revenue & EPS history

Intermex · Revenue · Quarterly

$94.6M

Q1 2021+22.4%vs Q1 2020
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Intermex · $147M total across 2 segments · Q2 2023

  • Transfer & Money Order
    $145M
  • Other Income
    $2.25M

Forward guidance

The Company is reaffirming its previously issued guidance.

Tailwinds

  • Expects to generate revenue growth increasing 16% - 18% to revenue of between $414 million - $421 million.
  • Expects to generate 19% - 24% growth in Net Income to between $40 million - $42 million.
  • Expects Adjusted Net Income growth of between 12% - 15% to between $47 million - $49 million.
  • Expects Adjusted EBITDA growth of 11% - 14% to between $76 million - $79 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.8%

Avg return

30 days after

56%

20 / 36 earnings

Positive

+60.7%

Q2 2025

Best reaction

-26.1%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-3.3%
Q4 2025+0.1%+0.6%+0.6%
Q3 2025-0.5%-0.5%+1.8%
Q2 2025+60.7%+55.4%+56.0%
Q1 2025-15.8%-10.3%-6.1%
Q4 2024-16.7%-17.8%-29.3%
Q3 2024+16.8%+16.7%+14.1%
Q1 2024+3.5%+7.0%+8.6%
Q4 2023-9.3%-10.4%+6.2%
Q3 2023+15.4%+18.4%+22.9%
Q2 2023-26.1%-24.3%-25.7%
Q1 2023+3.5%-1.8%-7.2%
Q4 2022+1.8%-5.8%-3.2%
Q3 2022-16.5%-20.1%-14.8%
Q2 2022-2.2%+4.5%-11.0%
Q1 2022+5.0%+0.2%+5.4%
Q4 2021+16.9%+14.2%+36.0%
Q3 2021+1.5%+1.6%-6.4%
Q2 2021+4.5%+7.5%+14.1%
Q1 2021-8.7%-5.4%-0.6%
Q4 2020+12.0%+12.9%-2.2%
Q3 2020-0.7%-1.9%+1.5%
Q2 2020+18.3%+25.8%+16.0%
Q1 2020+12.2%+8.3%+23.8%
Q4 2019-5.0%-8.8%-17.5%
Q3 2019-9.6%-13.6%-17.8%
Q2 2019+7.8%+8.3%+5.8%
Q1 2019+1.7%+2.4%+16.8%
Q4 2018+6.3%+2.3%+8.0%
Q3 2018+1.8%-2.0%-6.6%
Q2 2018-1.9%-2.0%+6.4%
Q1 2018+0.2%+0.3%+0.2%
Q4 2017-0.1%+0.0%+0.5%
Q3 2017+0.0%+0.2%-0.1%
Q2 2017+0.6%+0.4%+0.2%
Q1 2017+0.0%+0.0%+0.5%

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