International Money Express Inc · Q2 2021 earnings

Briefing

Intermex achieved record transactions, revenues, net income, and adjusted EBITDA.

Intermex reported a record second quarter with revenues of $116.7 million, a 37.2% increase year-over-year, driven by a 33.4% increase in net money transfer transactions. Net income increased by 47.3% to $13.2 million, with basic and diluted EPS of $0.34, up 41.7% compared to the prior year. The company also raised its full-year guidance for revenues, net income, and adjusted EBITDA.

• Revenues reached $116.7 million, a 37.2% increase compared to the prior-year period.
• Net income was $13.2 million, a 47.3% increase, with basic and diluted EPS of $0.34, up 41.7% compared to the prior-year period.
• Adjusted EBITDA increased 33.4% to $23.2 million over the prior-year period.
• There were 10.1 million transactions, up 33.4% from the prior-year period.

Headline financials

Revenue & EPS history

The Company is raising its previously issued guidance and now expects to generate Revenues of between $441 million - $450 million. Intermex expects to generate Net Income between $43 million - $45 million, and Adjusted Net Income between $51 million - $53 million. Intermex also expects Adjusted EBITDA of between $80 million - $83 million.