Business
International Money Express, Inc. Announces Double-Digit Growth in Transactions, Revenues, and Net Income for the First Quarter 2021
First Quarter 2021 - Highlights Revenues of $94.6 million, an increase of 22.4% compared with the prior-year periodNet Income of $9.0 million, an increase of
About this update from International Money Express, Inc.
[{"type":"text","content":"First Quarter 2021 - Highlights Revenues of $94.6 million, an increase of 22.4% compared with the prior-year periodNet Income of $9.0 million, an increase of 57.8%, and Basic and Diluted EPS of $0.23, up 53.3%, compared with the prior-year periodAdjusted Net Income increased 40.0% to $10.6 million and Adjusted Basic and Diluted EPS grew 40.0% and 35.0% to $0.28 and $0.27 per share, respectively, compared with the prior-year periodAdjusted EBITDA of $16.8 million, an increase of 27.4% over the prior-year periodA 13.8% increase in active customers compared with the prior-year period MIAMI, May 05, 2021 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance services company, today announced its financial results for the quarter ended on March 31, 2021, and will host a conference call to discuss those results at 8:30 am ET today. Intermex Chairman, Chief Executive Officer, and President, Robert Lisy commented, “Intermex started 2021 right where it finished 2020 by delivering another quarter of impressive double-digit growth in the number of money transfers, revenues, net income, and adjusted EBITDA. Also, for the first quarter of 2021, Intermex realized a 19.6% market share up from 19.4% for 2020, in our core markets of Mexico, Guatemala, El Salvador, and Honduras. In terms of principal sent, in those four markets, Intermex grew more than 30% faster than the overall market in the quarter. These incredible results are directly due to the Company’s strategy of partnering with select agents that share in our belief in providing fast, high-quality customer service, located in convenient locations throughout the country. Intermex also believes in providing the customer the choice of digital from the counter-top or their hand-held device.” Lisy added, “this foundation of strong, customer-focused operating results enables the Company to continue to expand its agent network in send countries, grow its receive countries, and invest in new technologies and products which will allow the Company to generate growth and returns in the future.” First Quarter Financial ResultsIntermex delivered a record first-quarter with Revenues of $94.6 million, an increase of 22.4% over the prior-year period. These revenues were driven by a 19.3% increase in net money transfer transactions ...