Welcome to our dedicated page for International Money Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Money Express stock.
International Money Express, Inc. (NASDAQ: IMXI), also known as Intermex, is a prominent provider of money transfer services focusing primarily on the U.S. to Latin America and the Caribbean (LAC) corridor. Founded in 1994 and headquartered in Miami, Florida, Intermex has established itself as a leader in the digital movement of money, offering services through various channels including agent retailers, company-operated stores, a mobile app, and the company’s websites.
Intermex’s core offerings include wire transfers, money orders, foreign exchange, and check cashing services. The majority of its revenue is derived from fees associated with wire transfers and money orders. With a robust network of over 30,000 payer locations, the company operates in 45 American states and 16 Latin American countries, ensuring easy and convenient access for customers.
Notably, Intermex has recently expanded its integration with Visa Direct, enabling U.S. customers to send money to eligible Visa Debit Card holders in 20 countries. This strategic move underlines the company’s commitment to enhancing its remittance services and ensuring seamless financial transactions across borders.
Intermex reported strong financial performance in the first quarter of 2024, achieving a record-breaking start with significant growth in revenues and net income. The company’s total revenues for the quarter were $150.4 million, up by 3.5%, while net income increased by 2.9% to $12.1 million. Additionally, the company experienced a 3.0% increase in unique active customers, generating 13.5 million money transfer transactions worth $5.5 billion in principal transferred.
The company’s strategic initiatives, such as the partnership with Félix Pago, demonstrate its commitment to innovation and customer-centric services. The partnership allows users to transfer money via WhatsApp, integrating remittance services into their everyday communication tools with fees as low as $2.99.
Intermex continues to invest in growth and operational efficiency, as evidenced by its recent move to a new headquarters in Miami and ongoing technology upgrades. The company’s stock repurchase program further underscores its strong financial position, with shares repurchased for significant amounts in the first quarter of 2024.
With international offices in Puebla, Mexico; Guatemala City, Guatemala; and Madrid, Spain, Intermex is well-positioned to continue its growth and expand its services. For more information, visit www.intermexonline.com.
International Money Express (NASDAQ: IMXI) will release its Fourth Quarter and Full Year 2021 earnings on March 7, 2022, before market opening. A conference call is scheduled for the same day at 9:00 am ET to discuss financial results. The Company will also hold its Inaugural Investor Day at the Nasdaq MarketSite in Times Square, starting at 2:00 pm ET, focusing on strategic direction and growth opportunities. Access to the call and event will be available through various channels including a live stream.
The Company, International Money Express (NASDAQ: IMXI), announced the appointments of Debra A. Bradford and Dr. Bernardo B. Fernandez to its Board of Directors, effective January 7, 2022. Chairman and CEO Bob Lisy expressed optimism about their leadership experience aiding the organization through growth and change. Bradford, with a background in merchant account services, and Dr. Fernandez, previously CEO of Cleveland Clinic Florida, bring valuable perspectives. Additionally, board members Kurt Holstein and Christopher Lofgren are set to retire.
International Money Express (NASDAQ: IMXI) will host an Investor Day on March 7, 2022, at the Nasdaq MarketSite in Times Square, New York City. Management will discuss the company's strategic direction and highlight specific business opportunities. The in-person meeting is for institutional investors and research analysts, with a livestream available for online participants. Attendees must register by February 11, 2022, and comply with Covid-19 regulations. The company provides money remittance services to 17 countries in Latin America, among others.
International Money Express, Inc. (NASDAQ: IMXI) will present at the UBS Global TMT Virtual Conference on December 6, 2021, at 1:00 p.m. Eastern time. The presentation will feature CFO Andras Bende. Interested investors can access the presentation via webcast at this link, with an archived version available shortly after the event.
Intermex specializes in money remittance services, facilitating transactions from the U.S. and Canada to 17 countries in Latin America, eight in Africa, and two in Asia, emphasizing a customer-centered approach since its founding in 1994.
International Money Express, Inc. (NASDAQ: IMXI) announced its participation in the Stephens Annual Investment Conference on December 1, 2021, starting at 3:00 p.m. Eastern time. The presentation will feature comments from CFO Andras Bende and will be available via webcast. Interested investors can access the event online, with an archived version accessible shortly after the live presentation. Intermex is dedicated to providing reliable money remittance services from the U.S. and Canada to various countries across Latin America, Africa, and Asia, leveraging advanced technology.
International Money Express, Inc. (NASDAQ: IMXI) announced its participation in Citi’s 2021 FinTech Conference on November 16, 2021, at 9:45 a.m. ET. The presentation will feature Bob Lisy, the Chairman and CEO, discussing the company’s latest initiatives and growth strategies.
Investors can access a live webcast of this event at intermexonline.com, with an archived version available post-event. Intermex specializes in money remittance, serving customers in North America and around the globe.
International Money Express, Inc. (NASDAQ: IMXI) reported impressive financial results for Q3 2021, with revenues of $120.7 million, marking a 26.3% year-over-year increase. Net income rose 21.2% to $11.5 million and diluted EPS increased 16.0% to $0.29. Adjusted net income grew 28.3% to $15.7 million, while adjusted diluted EPS reached $0.40, up 25.0%. The company has raised its full-year 2021 guidance for revenues to between $450 million - $455 million.
International Money Express, Inc. (NASDAQ: IMXI) is set to release its Third Quarter 2021 earnings on November 3, 2021, before market opening. The management will host a conference call at 9:00 am ET to review financial and operational results. Interested parties can join the call by dialing 1-877-423-9813 or via webcast. An audio replay will be available from November 3 to November 17, 2021. The company, which facilitates money transfers to 17 Latin American countries, is headquartered in Miami, Florida, and was founded in 1994.
International Money Express (NASDAQ: IMXI) announced a stock repurchase program authorized by its Board of Directors, allowing up to $40 million for the buyback of common stock. The decision reflects confidence in the company's omnichannel strategy and strong financial position. This strategic move is aimed at enhancing shareholder value while maintaining liquidity for future growth and acquisitions. The actual amount repurchased will depend on market conditions and various factors, with purchases potentially funded from cash on hand.
International Money Express (NASDAQ: IMXI) reported a record-breaking second quarter of 2021 with revenues of $116.7 million, up 37.2% year-over-year. Net income rose 47.3% to $13.2 million, with basic and diluted EPS at $0.34, an increase of 41.7%. Adjusted net income also grew 41.2% to $15.3 million, while adjusted EBITDA increased 33.4% to $23.2 million. The company has raised its full-year guidance, expecting revenues between $441 million and $450 million.
FAQ
What is the current stock price of International Money Express (IMXI)?
What is the market cap of International Money Express (IMXI)?
What services does International Money Express, Inc. offer?
Where is International Money Express, Inc. headquartered?
Which geographic regions does Intermex primarily operate in?
What is a recent achievement of Intermex?
How has Intermex performed financially in recent times?
What is unique about Intermex’s partnership with Félix Pago?
What technologies does Intermex leverage for its services?
Who can I contact for investor relations at Intermex?
What is Intermex’s approach to expanding its services?
Where can I find more information about Intermex?
