NASDAQ$IMXI

International Money Express Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Intermex reported strong quarterly results, while continuing to invest in growth opportunities.

Intermex reported strong Q3 2023 results, beating market consensus for revenue. Revenue increased by 22.5% to $172.4 million. Net income was $14.8 million, a decrease of 10.8%. Adjusted EBITDA grew 14% to $31.7 million.

  • Total revenues increased by 22.5% to $172.4 million.
  • Unique, active customers increased by 35.1% to 4.0 million.
  • Money transfer transactions increased by 25.7% to 15.4 million.
  • Digital transactions grew by 62.9%.

Headline financials

Total Revenue

$172M

Previous: $141M+22.5%
EPS (adj)

$0.51

Previous: $0.54-5.6%
Money Transfers

15.4M

Previous: 12.2M+26.2%
Capital Expenditures

-$7.71M

Previous: -$9.16M+15.8%
Free Cash Flow

$7.12M

Previous: $7.47M-4.7%
Net Income

$14.8M

Previous: $16.6M-10.8%
Operating Income

$24.3M

Previous: $20.7M+16.9%
Gross Profit

$59.6M

Previous: $47.1M+26.4%
Cash & Equivalents

$222M

Previous: $105M+111.7%
Total Assets

$620M

Previous: $399M+55.3%
Stock-Based Comp

$2.27M

Previous: $2.63M-13.4%

Revenue & EPS history

Intermex · Revenue · Quarterly

$172M

Q3 2023+22.5%vs Q3 2022
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 providing fourth-quarter guidance:

Tailwinds

  • Revenue of $170.0 million to $181.0 million, up 10% to 17%.
  • Diluted EPS of $0.43 to $0.46, up 22% to 30%.
  • Adjusted Diluted EPS of $0.51 to $0.54, up 6% to 12%.
  • Adjusted EBITDA of $31.4 million to $33.4 million, up 8% to 15%.

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 2023

Historical avgQ3 2023

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro