Business
International Money Express, Inc. Reports Record Transactions and Revenues for 2021 Fourth Quarter and Full Year
Digital and Emerging Markets Helped Fuel Record Growth Company to Host Conference Call Today at 9 a.m. ET Fourth Quarter 2021 – Highlights compared with the
About this update from International Money Express, Inc.
[{"type":"text","content":"Digital and Emerging Markets Helped Fuel Record Growth Company to Host Conference Call Today at 9 a.m. ET Fourth Quarter 2021 – Highlights compared with the prior-year period Record Revenues of $127.2 million, an increase of 28.1% Net Income of $13.1 million, an increase of 36.5% Diluted EPS of $0.33, an increase of 32.0%Adjusted Net Income of $15.9 million, an increase of 35.7% Adjusted Diluted EPS of $0.40, an increase of 33.3% Adjusted EBITDA of $23.8 million, an increase of 27.1% A 20.5% increase in the number of active customers; and a 76.3% increase in digital customers Full Year 2021 – Highlights compared with the prior-year period Record Revenues of $459.2 million, an increase of 28.6% Record Net Income of $46.8 million, an increase of 38.7%Diluted EPS of $1.20, an increase of 36.4% Adjusted Net Income of $57.5 million, an increase of 35.7% Adjusted Diluted EPS of $1.47, an increase of 33.6% Adjusted EBITDA of $86.7 million, an increase of 26.7%Net Free Cash Generated of $47.6 million, an increase of 25.5% MIAMI, March 07, 2022 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading, omnichannel money remittance services company, today announced record financial results for the fourth quarter and full-year ended December 31, 2021. The Company will host a conference call to discuss its results at 9 a.m. ET today. “Record results for the fourth quarter and the full year 2021 again reflected growth across all of our primary markets and our emerging geographies, as well as further advances in the digital sector, in which we believe Intermex has a significant and sustainable opportunity to gain market share,” said Bob Lisy, Chairman, Chief Executive Officer, and President. “We believe our outstanding performance also is indicative of the Company’s focus on world-class customer support and quality, along with our omnichannel strategy of meeting our customers where they are. Intermex is continuing to invest in growing its digital business and increasing digital transactions at a double-digit percentage rate. At the same time, we are investing in growing our agent base and retail business, with a goal of generating non-digital revenue growth at a double-digit-year-over-year percentage rate.” “As the Company moves forward in 2022 and beyond, we see significant opportunities th...