NASDAQ$IMXI

International Money Express Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Strong double-digit growth was reported across all of the Company’s key operating performance measures.

Intermex reported strong double-digit growth across all key operating performance measures in Q1 2022, driven by its competitive advantage in the Latin American money transfer market. Revenues increased by 21.2%, net income grew by 29.8%, and digital transactions more than doubled.

  • Revenues increased 21.2% to $114.7 million.
  • Net Income increased 29.8% to $11.7 million.
  • Diluted EPS increased 30.4% to $0.30 per share.
  • Digital transactions increased 104.6%.

Headline financials

Total Revenue

$115M

Previous: $94.6M+21.2%
EPS (adj)

$0.34

Previous: $0.27+25.9%
Money Transfers

10.0M

No prior period
Capital Expenditures

-$4.32M

Previous: -$1.93M-123.6%
Free Cash Flow

$7.34M

Previous: $7.05M+4.1%
Net Income

$11.7M

Previous: $8.98M+29.8%
Operating Income

$17.1M

Previous: $13.5M+26.8%
Gross Profit

$37.7M

Previous: $31.2M+20.7%
Cash & Equivalents

$157M

Previous: $55.1M+185.4%
Total Assets

$350M

Previous: $287M+21.9%
Stock-Based Comp

$1.27M

Previous: $896K+41.5%

Revenue & EPS history

Intermex · Revenue · Quarterly

$115M

Q1 2022+21.2%vs Q1 2021
Beat estimate in 3 of 14 quarters(21%)
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 reiterating full-year revenue guidance of $537 million to $546 million, an increase of 17% to 19% over 2021 full-year results. Full-year 2022 Net Income, Adjusted Net Income, and Adjusted EBITDA guidance has been adjusted as follows: ■ Net Income, $59 million to $60.5 million, an increase of 26% to 29%. ■ Adjusted Net Income, $67 million to $68.5 million, an increase of 17% to 19%. ■ Adjusted EBITDA, $101.5 million to $104 million, an increase of 17% to 20%.

Tailwinds

  • Revenue guidance of $537 million to $546 million is reiterated, representing a 17% to 19% increase over 2021.
  • Net Income is expected to be $59 million to $60.5 million, an increase of 26% to 29%.
  • Adjusted Net Income is expected to be $67 million to $68.5 million, an increase of 17% to 19%.
  • Adjusted EBITDA is expected to be $101.5 million to $104 million, an increase of 17% to 20%.
  • Better than anticipated operating efficiencies are being achieved.

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 2022

Historical avgQ1 2022

+2.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.5%

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%-7.7%
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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