International Money Express Inc · Q4 2020 earnings

Briefing

Intermex achieved record revenues and net income for Q4 2020.

Intermex reported record revenues of $99.3 million, a 19.3% increase year-over-year, and record net income of $9.6 million, an 80.1% increase year-over-year, for the fourth quarter of 2020. The company's basic and diluted EPS were $0.25, up 78.6% compared to the prior-year period.

• Record Revenues of $99.3 million, an increase of 19.3% compared with the prior-year period
• Record Net Income of $9.6 million, an increase of 80.1%, and Basic and Diluted EPS of $0.25, up 78.6%, compared with the prior-year period
• Record Adjusted Net Income increased 54.3% to $11.7 million
• Record Adjusted EBITDA of $18.7 million, an increase of 32.3% over the prior-year period

Headline financials

Revenue & EPS history

The Company expects to generate another year of double-digit revenue growth increasing 16% - 18% to revenue of between $414 million - $421 million. Intermex expects to generate 19% - 24% growth in Net Income to between $40 million - $42 million, and Adjusted Net Income growth of between 12% - 15% to between $47 million - $49 million. Intermex also expects double-digit Adjusted EBITDA growth of 11% - 14% to between $76 million - $79 million.