NASDAQ$IMXI

International Money Express Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Intermex reported strong growth during Q3 2022, with double-digit increases in key financial performance measures.

Intermex reported a strong third quarter of 2022, marked by double-digit increases in key financial performance measures and continued market share growth. The company's success is attributed to its omnichannel business model and the recent acquisition of La Nacional, which expands its market presence.

  • Revenues increased by 16.6% to $140.8 million.
  • Net income grew by 44.5% to $16.6 million.
  • Diluted EPS increased by 48.3% to $0.43 per share.
  • Adjusted EBITDA increased by 21.5% to $27.8 million.

Headline financials

Total Revenue

$141M

Previous: $121M+16.6%
EPS (adj)

$0.54

Previous: $0.40+35.0%
Money Transfers

12.2M

No prior period
Capital Expenditures

-$9.16M

Previous: -$5.52M-65.8%
Free Cash Flow

$7.47M

Previous: $5.98M+24.8%
Net Income

$16.6M

Previous: $11.5M+44.5%
Operating Income

$20.7M

Previous: $16.1M+28.8%
Gross Profit

$47.1M

Previous: $39.3M+19.9%
Cash & Equivalents

$105M

Previous: $125M-16.0%
Total Assets

$399M

Previous: $318M+25.4%
Stock-Based Comp

$2.63M

Previous: $1.11M+136.1%

Revenue & EPS history

Intermex · Revenue · Quarterly

$141M

Q3 2022+16.6%vs Q3 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 its full-year guidance compared with the full-year 2021 and 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 Q3 2022

Historical avgQ3 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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