NASDAQ$IMXI

International Money Express Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong growth driven by industry-leading performance and double-digit increases in key financial measures.

Intermex reported a strong second quarter with double-digit increases in all key financial performance measures, continuing its four-year track record of exceptional earnings growth as a public company.

  • Revenues increased by 17.3% to $136.9 million.
  • Net income increased by 20.8% to $16.0 million.
  • Diluted EPS increased by 20.6% to $0.41 per share.
  • Adjusted EBITDA increased by 19.3% to $27.7 million.

Headline financials

Total Revenue

$137M

Previous: $117M+17.3%
EPS (adj)

$0.47

Previous: $0.39+20.5%
Money Transfers

11.9M

No prior period
Capital Expenditures

-$6.64M

Previous: -$3.18M-108.8%
Free Cash Flow

$9.34M

Previous: $10M-7.0%
Net Income

$16M

Previous: $13.2M+20.8%
Operating Income

$23.2M

Previous: $19.3M+20.3%
Gross Profit

$44.9M

Previous: $38.9M+15.4%
Cash & Equivalents

$115M

Previous: $140M-18.0%
Total Assets

$359M

Previous: $302M+18.6%
Stock-Based Comp

$1.67M

Previous: $1.37M+21.2%

Revenue & EPS history

Intermex · Revenue · Quarterly

$137M

Q2 2022+17.3%vs Q2 2021
Beat estimate in 4 of 15 quarters(27%)
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 updating full-year guidance due to better than anticipated operating results compared with full-year 2021 and now expects:

Tailwinds

  • Revenue of $542 million to $551 million, an increase of 18% to 20%.
  • Net Income of $60 million to $61 million, an increase of 28% to 30%.
  • Adjusted Net Income of $68 million to $69 million, an increase of 19% to 20%.
  • Adjusted EBITDA of $104 million to $106 million, an increase of 20% to 22%.

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 Q2 2022

Historical avgQ2 2022

+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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