Business
International Money Express, Inc. Announces Record Transactions, Revenues and Net Income for the Fourth Quarter and Full Year 2020 Results
Fourth Quarter 2020 - Highlights Record Revenues of $99.3 million, an increase of 19.3% compared with the prior-year periodRecord Net Income of $9.6 million,
About this update from International Money Express, Inc.
[{"type":"text","content":"Fourth Quarter 2020 - Highlights Record Revenues of $99.3 million, an increase of 19.3% compared with the prior-year periodRecord 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 periodRecord Adjusted Net Income increased 54.3% to $11.7 million and Adjusted Basic and Diluted EPS grew 55.0% and 50.0% to $0.31 and $0.30 per share, respectively, compared with the prior-year periodRecord Adjusted EBITDA of $18.7 million, an increase of 32.3% over the prior-year periodA 14% increase in active customers compared with the prior-year period Full Year 2020 - Highlights Record Revenues of $357.2 million, an increase of 11.8% compared with the prior yearRecord Net Income of $33.8 million, an increase of 72.3%, and Basic and Diluted EPS of $0.89 and $0.88, up 71.2% and 69.2%, respectively, compared with the prior yearRecord Adjusted Net Income grew 30.0% to $42.3 million, and Adjusted Basic and Diluted EPS increased 27.6% and 26.4% to $1.11 and $1.10 per share, respectively, compared with the prior year Record Adjusted EBITDA of $68.4 million, an increase of 18.7% over the prior year MIAMI, March 10, 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 fourth quarter and full-year ended December 31, 2020, 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, “This has been another incredibly productive quarter in what has been an extremely challenging year. During a period when our country, as well as the rest of the world, has been disrupted by the protracted Covid-19 pandemic, our unique strategy focusing on efficient and productive growth, combined with world-class quality service, has produced a record quarter and year of exceptional financial results.” Lisy added, “For the last three years, this differentiated and disciplined strategy has produced exceptional net income growth of 350% and adjusted EBITDA growth of 105%, driven by the 66% revenue growth generated over that period. The Company also has a great balance sheet and generates significant cash to fund its growth. This strong foundation of success gives Interm...