Welcome to our dedicated page for International Mny Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Mny Express stock.
International Money Express Inc (IMXI) delivers essential financial connectivity through its cross-border remittance services. This news hub provides investors and stakeholders with timely updates on corporate developments shaping the money transfer industry.
Access official press releases and market analyses covering quarterly earnings, strategic partnerships, and service expansions. Our curated collection helps you monitor IMXI's operational milestones in key Latin American corridors and evolving digital payment solutions.
Discover updates on regulatory compliance initiatives, technology enhancements to IMXI's omnichannel platform, and leadership announcements impacting the company's growth trajectory. Bookmark this page for streamlined access to verified information supporting your financial research needs.
International Money Express, Inc. (NASDAQ: IMXI) announced its presentation at the UBS Global TMT Conference in New York City on December 6, 2022, starting at 2:10 p.m. ET. The presentation will feature comments from Andras Bende, the chief financial officer. Interested investors can listen via a webcast. An archived version will be available after the event.
International Money Express (NASDAQ: IMXI) announced a First Amendment Agreement to its Credit Agreement with KeyBank, replacing LIBOR with SOFR as the benchmark interest rate. This amendment enhances the company's financial flexibility, enabling it to repurchase shares of its common stock without limitations, provided its Consolidated Leverage Ratio remains 2.25 to 1.00 or lower. The annual cap for restricted payments has been set at the greater of $23.75 million or 25% of Consolidated EBITDA. CFO Andras Bende emphasized that this change supports growth and financial strength.
International Money Express reported strong Q3 2022 growth, with revenues of $140.8 million, up 16.6% year-over-year. Net income rose 44.5% to $16.6 million, and diluted EPS increased by 48.3% to $0.43. Adjusted net income reached $20.7 million, a 32.3% increase. The acquisition of La Nacional boosted the company’s market share to over 20% in key markets for U.S. remittances to Latin America. As of Q3, cash stood at $105.1 million, and the company reaffirms its 2022 revenue guidance of $542-$551 million, representing an 18%-20% year-over-year increase.
International Money Express (NASDAQ: IMXI) announced its participation in the Stephens Annual Investment Conference on November 16, 2022, starting at 9:00 a.m. ET. The company's CFO, Andras Bende, will share insights during the presentation.
Investors can access the live presentation via webcast at this link, with an archived version available after the event. Founded in 1994, Intermex specializes in money remittance services to 18 countries, leveraging technology to facilitate transactions.
International Money Express, Inc. (NASDAQ: IMXI) has successfully acquired Envios de Valores La Nacional Corp for $42.3 million in cash, with potential additional payments of $2.4 million based on future performance. This acquisition expands Intermex's reach in the Dominican Republic, enhancing its share to over 20% in seven key Latin American markets. Once integrated, the combined entities are expected to generate $70-$80 million annually with an adjusted EBITDA margin of 9%-11%. La Nacional will operate independently under its existing leadership.
International Money Express, Inc. (NASDAQ: IMXI) will release its Third Quarter 2022 earnings on November 9, 2022, before market opening. A conference call is scheduled for the same day at 9:00 am ET to discuss the financial and operational results, accessible via phone or webcast. Founded in 1994, Intermex facilitates money transfers from the U.S. and Canada to multiple countries in Latin America, Africa, and Asia through various channels.
International Money Express reported strong financial growth for Q2 2022, with revenues of $136.9 million, up 17.3% year-over-year. The net income increased by 20.8% to $16.0 million, and diluted EPS rose 20.6% to $0.41. The company also achieved a 21.9% market share in remittances to Mexico and Central America, thanks to a significant rise in digital transactions. As of the end of Q2, cash on hand was $114.6 million. The company expects improved full-year guidance, aiming for revenues of $542 million to $551 million.
International Money Express, Inc. (NASDAQ: IMXI) will present at the KeyBanc Capital Markets’ Technology Leadership Forum on August 8, 2022, at 3:00 p.m. MT/5:00 p.m. ET in Vail, CO. The presentation will feature Bob Lisy, the company’s chairman and CEO. Investors can listen via a live webcast, which will also be archived after the event.
Founded in 1994, Intermex provides money transfer services from the U.S. and Canada to 16 Latin American countries and operates through a network of agents and digital platforms.
International Money Express (NASDAQ: IMXI) will announce its Second Quarter 2022 earnings on August 3, 2022, before market open. The management will conduct a conference call at 9:00 am ET on the same day to discuss outcomes. Investors can join via phone or webcast. An audio replay will be accessible from August 3 until August 17, 2022. Founded in 1994, Intermex focuses on digital money transfer services primarily to Latin America and beyond, leveraging proprietary technology and an extensive agent network.
International Money Express, Inc. (NASDAQ: IMXI) announced a shift to a virtual presentation at the 17th Annual Needham Technology & Media Conference due to unexpected weather-related travel disruptions. The event will take place on May 18, 2022, starting at 3:00 p.m. Eastern time. CFO Andras Bende will present and comments will be shared. Interested parties can access the presentation via a webcast, with an archived version available post-event. Founded in 1994, IMXI offers money remittance services across various regions including Latin America, Africa, and Asia.
