NasdaqCM:IMXIDiversified Financial
International Money Express (IMXI) Stock Faces Revenue Slump And Margin Compression
International Money Express came into this quarter on the back foot. The stock has slipped about 23% over the past three months and eased another 1.7% today, even after the fresh earnings release. The headline is not revenue growth. The story is profit pressure. Trailing net margin has compressed to 4.3% from 8.6% a year earlier, and the latest 12 months include a sizeable one off loss of about US$12.1 million. For a remittance focused payments company that usually lives or dies on spread and...