Reported Earnings • Aug 11
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: US$0.14 (down from US$0.37 in 2Q 2025). Revenue: US$131.2m (down 19% from 2Q 2025). Net income: US$4.21m (down 62% from 2Q 2025). Profit margin: 3.2% (down from 6.8% in 2Q 2025). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year. Major Estimate Revision • Jul 17
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$540.3m to US$555.2m. EPS estimate increased from US$0.541 to US$0.671 per share. Net income forecast to shrink 12% next year vs 29% growth forecast for Diversified Financial industry in the US . Consensus price target of US$16.00 unchanged from last update. Share price fell 7.4% to US$13.42 over the past week. Major Estimate Revision • May 19
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$606.1m to US$537.6m. EPS estimate fell from US$1.17 to US$0.51 per share. Net income forecast to shrink 15% next year vs 29% growth forecast for Diversified Financial industry in the US . Consensus price target of US$16.00 unchanged from last update. Share price fell 3.5% to US$15.30 over the past week. Reported Earnings • May 12
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0.017 (down from US$0.25 in 1Q 2025). Revenue: US$122.0m (down 16% from 1Q 2025). Net income: US$511.0k (down 93% from 1Q 2025). Profit margin: 0.4% (down from 5.4% in 1Q 2025). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 91%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Major Estimate Revision • Mar 13
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$639.1m to US$603.7m. EPS estimate also fell from US$1.55 per share to US$1.17 per share. Net income forecast to grow 9.3% next year vs 24% growth forecast for Diversified Financial industry in the US. Consensus price target of US$16.00 unchanged from last update. Share price was steady at US$15.80 over the past week. New Risk • Mar 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.4% net profit margin). Reported Earnings • Mar 08
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$1.09 (down from US$1.81 in FY 2024). Revenue: US$607.8m (down 7.7% from FY 2024). Net income: US$32.7m (down 45% from FY 2024). Profit margin: 5.4% (down from 8.9% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Jan 21
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$620.8m to US$627.0m. EPS estimate increased from US$1.09 to US$1.33 per share. Net income forecast to grow 9.0% next year vs 26% growth forecast for Diversified Financial industry in the US. Consensus price target of US$16.00 unchanged from last update. Share price was steady at US$15.51 over the past week. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$633.1m to US$620.8m. EPS estimate also fell from US$1.47 per share to US$1.09 per share. Net income forecast to grow 3.7% next year vs 25% growth forecast for Diversified Financial industry in the US. Consensus price target of US$16.00 unchanged from last update. Share price was steady at US$15.10 over the past week. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: US$0.17 (down from US$0.53 in 3Q 2024). Revenue: US$154.9m (down 9.9% from 3Q 2024). Net income: US$4.96m (down 71% from 3Q 2024). Profit margin: 3.2% (down from 10% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 13
Price target increased by 19% to US$16.00 Up from US$13.50, the current price target is an average from 2 analysts. New target price is 9.0% above last closing price of US$14.68. The company is forecast to post earnings per share of US$1.47 for next year compared to US$1.81 last year. Reported Earnings • Aug 12
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: US$0.37 (down from US$0.43 in 2Q 2024). Revenue: US$161.1m (down 6.1% from 2Q 2024). Net income: US$11.0m (down 22% from 2Q 2024). Profit margin: 6.8% (down from 8.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Aug 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. High level of non-cash earnings (40% accrual ratio). Announcement • Aug 11
The Western Union Company (NYSE:WU) agreed to acquire International Money Express, Inc. (NasdaqCM:IMXI) for approximately $500 million. The Western Union Company (NYSE:WU) agreed to acquire International Money Express, Inc. (NasdaqCM:IMXI) for approximately $500 million on August 10, 2025. Western Union will acquire Intermex in an all-cash transaction at $16.00 per IMXI share, representing a total equity and enterprise value of approximately $500 million. The acquisition is expected to be immediately accretive to Western Union’s adjusted EPS by more than $0.10 in the first full year post close.
The transaction is subject to customary closing conditions and regulatory approvals, clearance under the Hart-Scott-Rodino Act, approvals from financial regulators, approval from Intermex and Western Union’s Board of Directors, as well as approval by Intermex’s stockholders. The transaction is expected to close in mid-2026 and has been unanimously approved by Intermex and Western Union’s Board of Directors.
PJT Partners is serving as financial advisor and Sidley Austin LLP as legal advisor to Western Union. Financial Technology Partners LP is serving as financial advisor and Holland & Knight LLP as legal advisor to Intermex. Lazard Frères & Co. LLC is serving as financial advisor and Cravath, Swaine & Moore LLP as legal advisor to Intermex’s Strategic Alternatives Committee. Announcement • Aug 05
International Money Express, Inc. to Report Q2, 2025 Results on Aug 11, 2025 International Money Express, Inc. announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Price Target Changed • Jul 11
Price target decreased by 10.0% to US$13.50 Down from US$15.00, the current price target is an average from 2 analysts. New target price is 31% above last closing price of US$10.30. Stock is down 48% over the past year. The company is forecast to post earnings per share of US$1.57 for next year compared to US$1.81 last year. Announcement • Jul 09
Intermex Launches a New Remittance-As-a-Service (RaaS) Platform to Help Businesses Simplify Cross-Border Payments Intermex, Inc. announced the launch of its fully redesigned Remittance-as-a-Service (RaaS) platform. The upgraded service gives businesses a straightforward way to embed fast, secure cross-border money transfers into their own customer experiences. A growing number of companies - from innovative U.S. fintechs to well-established payment providers - are already harnessing Intermex's Remittance- as-a-Service platform to unlock new cross-border revenue streams. Through Intermex's RaaS platform, companies can introduce their own branded person-to-person and business-to-person payment services to eligible markets including Mexico, Guatemala, Honduras, the Dominican Republic, and El Salvador, as well as select countries in Southeast Asia, the European Union, and Africa. The enhanced platform offers a customizable system that lets businesses create branded customer experiences across WhatsApp, mobile apps, and the web. The service is supported by appropriate licensing across U.S. jurisdictions, incorporating required know customers and anti-money laundry compliance measures. Companies gain access to one of the largest payout networks in Latin America, supporting cash pickups, home deliveries, and direct bank deposits. The solution also provides integrated payment services, merchant account management, chargeback support, and advanced anti-fraud tools. Additionally, partners benefit from 24/7 bilingual customer support, business insights, and ongoing strategic guidance. New Risk • Jul 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. High level of non-cash earnings (40% accrual ratio). Major Estimate Revision • May 15
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$663.4m to US$642.8m. EPS estimate also fell from US$1.82 per share to US$1.56 per share. Net income forecast to shrink 12% next year vs 18% growth forecast for Diversified Financial industry in the US . Consensus price target down from US$17.50 to US$13.67. Share price rose 7.9% to US$11.29 over the past week. Price Target Changed • May 10
Price target decreased by 22% to US$13.67 Down from US$17.50, the current price target is an average from 3 analysts. New target price is 25% above last closing price of US$10.89. Stock is down 47% over the past year. The company is forecast to post earnings per share of US$1.56 for next year compared to US$1.81 last year. Announcement • May 08
International Money Express, Inc. Provides Earnings Guidance for the Year 2025 International Money Express, Inc. provided earnings guidance for the year 2025. For the year, the company expects revenue of $634.9 million to $654.2 million and Diluted EPS of $1.53 to $1.65. Reported Earnings • May 07
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.25 (down from US$0.36 in 1Q 2024). Revenue: US$144.3m (down 4.1% from 1Q 2024). Net income: US$7.77m (down 36% from 1Q 2024). Profit margin: 5.4% (down from 8.0% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • May 01
International Money Express, Inc., Annual General Meeting, Jun 20, 2025 International Money Express, Inc., Annual General Meeting, Jun 20, 2025. Location: 9100 south dadeland blvd, suite 1100, ., fl 33156, miami United States Price Target Changed • Apr 16
Price target decreased by 12% to US$18.33 Down from US$20.75, the current price target is an average from 3 analysts. New target price is 53% above last closing price of US$12.01. Stock is down 44% over the past year. The company is forecast to post earnings per share of US$1.82 for next year compared to US$1.81 last year. Announcement • Apr 16
International Money Express, Inc. to Report Q1, 2025 Results on May 07, 2025 International Money Express, Inc. announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Announcement • Mar 17
International Money Express, Inc. (NasdaqCM:IMXI) announces an Equity Buyback for 100,000 shares, for $1.3 million. International Money Express, Inc. (NasdaqCM:IMXI) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, for $1.3 million, pursuant to an agreement with Latin-American Investment Holdings, Inc. The shares will be repurchased at a price of 13.30 per share. The repurchase will be funded from the company’s cash on hand. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$684.4m to US$663.0m. EPS estimate also fell from US$2.06 per share to US$1.83 per share. Net income forecast to shrink 5.2% next year vs 15% growth forecast for Diversified Financial industry in the US . Consensus price target down from US$26.00 to US$20.75. Share price fell 11% to US$14.22 over the past week. Announcement • Mar 01
International Money Express, Inc. Provides Earnings Guidance for the First Quarter of 2025 and Full Year 2025 International Money Express, Inc. provided earnings guidance for the first quarter of 2025 and full year 2025. for the quarter, the company expects revenue of $145.5 million to $149.9 million and Diluted EPS of $0.32 to $0.34.
for the year, the company expects revenue of $657.5 million to $677.5 million and Diluted EPS of $1.76 to $1.91. Reported Earnings • Feb 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$1.81. Revenue: US$658.6m (flat on FY 2023). Net income: US$58.8m (down 1.2% from FY 2023). Profit margin: 8.9% (down from 9.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Diversified Financial industry in the US. Announcement • Feb 21
Intermex Launches Wire Transfers Via WhatsApp, Making Money Transfers Easier Than Ever Intermex, Inc. is making it easier than ever to send money by launching wire transfers through WhatsApp, the messaging app of choice for millions of Latinos. With 95% of U.S. Hispanic using WhatsApp on their smartphones, this new feature brings fast, secure, and convenient money transfers right into the app they already trust and love. With WhatsApp being the most widely used messaging platform among Latinos, Intermex is embracing conversational payments, a growing trend in fintech that simplifies transactions through familiar communication channels. This feature aligns with the company's mission to provide real-time access to financial services, reinforcing its commitment to making remittances more convenient and accessible. By eliminating unnecessary steps and integrating transfers into an app customers already use daily, Intermex is breaking down barriers to financial inclusion. Beyond transactions, the WhatsApp-powered channel will serve as a direct communication line between customers and Intermex's support teams, allowing users to track transfers, receive updates, and access customer service quickly. Whether sending money through a retail location or a digital platform, customers can now reach Intermex directly through WhatsApp for assistance, making the overall experience smoother and more efficient. The WhatsApp wire transfer feature will initially launch in key markets, with expansion plans set to follow as part of Intermex's broader digital strategy. By integrating with widely used messaging platforms, Intermex is meeting customers where they are, providing greater flexibility, and strengthening its position as a leader in digital-first cross-border payments. Announcement • Feb 12
International Money Express, Inc. to Report Q4, 2024 Results on Feb 26, 2025 International Money Express, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025 Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. Independent Director Karen Higgins-Carter was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 13
International Money Express, Inc. Launches International Top-Up Services Across 130+ Countries International Money Express, Inc. announced the launch of its new international top-up service, in partnership with Ding. Starting this December, Intermex customers can send mobile airtime top-ups to loved ones in more than 130 countries, connecting with hundreds of telecom providers worldwide. A "top-up" is a quick and convenient way to add credit to a mobile phone account, allowing users to make calls, send texts, and access data without needing a formal subscription or contract. This new feature empowers customers to provide essential connectivity to family and friends abroad, ensuring they stay connected when it matters most. This important service is now available across all Intermex retail and digital channels at no additional cost to consumers. By adding international top-up capabilities to its portfolio, Intermex continues to fulfill its promise to provide flexible, reliable, and community-focused financial services that enrich the lives of its customers. This latest addition to Intermex's services highlights the company's mission to provide culturally relevant and user-focused financial and connectivity solutions. By creating new ways for people to stay connected across borders, Intermex reaffirms its role as a trusted partner and champion for the Latin community. Whether through retail locations, digital platforms, or mobile apps, Intermex continues to make global communication straightforward and reliable-- because staying in touch should always feel easy. Price Target Changed • Nov 12
Price target increased by 9.1% to US$26.40 Up from US$24.20, the current price target is an average from 5 analysts. New target price is 21% above last closing price of US$21.75. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of US$1.82 for next year compared to US$1.67 last year. Reported Earnings • Nov 10
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: US$0.53 (up from US$0.42 in 3Q 2023). Revenue: US$171.9m (flat on 3Q 2023). Net income: US$17.3m (up 17% from 3Q 2023). Profit margin: 10% (up from 8.6% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.0%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$20.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Diversified Financial industry in the US. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$30.72 per share. Announcement • Oct 15
International Money Express, Inc. to Report Q3, 2024 Results on Nov 08, 2024 International Money Express, Inc. announced that they will report Q3, 2024 results on Nov 08, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.43. Revenue: US$171.5m (up 1.4% from 2Q 2023). Net income: US$14.0m (down 9.0% from 2Q 2023). Profit margin: 8.2% (down from 9.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Diversified Financial industry in the US. Announcement • Aug 08
International Money Express, Inc. Provides Earnings Guidance for the Third Quarter and Revises Earnings Guidance for the Full Year 2024 International Money Express, Inc. provided earnings guidance for the third quarter and revised earnings guidance for the full year 2024. For the quarter, the company expects revenue in the range of $170.6 million to $175.8 million and diluted EPS in the range of $0.49 to $0.54.
For the full year, the company expects revenue in the range of $657.6 million to $677.6 million and diluted EPS in the range of $1.73 to $1.87. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$17.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Diversified Financial industry in the US. Total returns to shareholders of 1.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$31.27 per share. Announcement • Jul 24
International Money Express, Inc. Announces Executive Appointments International Money Express, Inc. announced the addition of two new senior leaders to its team. These strategic hires underscore Intermex's commitment to growth, innovation, and exceptional service in the remittance industry. Intermex is announced that Chris Kawula has joined the Company as the new Executive Vice President, Head of Sales. This critical position, reporting directly to Chief Executive Officer Bob Lisy, is instrumental in executing Intermex's highly differentiated retail sales strategy, driving customer and partner acquisition, and ensuring top-notch service across Intermex’s US retail business. Chris brings extensive leadership experience, most notably from his role as Senior Vice President, Sales and Account Management at Western Union, where he was responsible for delivering $1.6 billion in annual revenue and $400 million in annual operating profit. In recent years, Chris has also held key sales leadership positions at Sigue Corporation and Small World Financial Services, further honing his expertise in the money transfer industry. Chris holds a Master's degree in Business Administration from Northwestern University'sKellogg School of Management and a Bachelor's degree in Economics from Vanderbilt University. Intermex is equally thrilled to welcome Cheyenne Moore as the new Director of Inside Sales. With over a decade of sales experience and a proven track record in sales management, Cheyenne's expertise will be pivotal in advancing Intermex's market penetration and enhancing its position as a top-tier, highly profitable retail service provider. Cheyenne will be reporting directly to Chris Kawula. Prior to his successful sales career, Cheyenne played professional basketball internationally following his standout collegiate career at Clemson and George Washington University. His experience as a professional athlete, which includes playing in various countries, has instilled in him valuable leadership, teamwork, resilience, and diverse cultural understanding—qualities that will greatly benefit Intermex's sales operations. Announcement • Jul 16
International Money Express, Inc. to Report Q2, 2024 Results on Aug 07, 2024 International Money Express, Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 07, 2024 Announcement • May 09
International Money Express, Inc. Reiterates Earnings Guidance for the Second Quarter and Full Year 2024 International Money Express, Inc. reiterated earnings guidance for the second quarter and full year 2024. For the quarter, the company expects revenue of $171.5 million to $176.8 million. Diluted EPS of $0.41 to $0.45.For the full year, the company expects revenue of $681.0 million to $701.8 million. Diluted EPS of $1.77 to $1.92. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.36 (vs US$0.32 in 1Q 2023) First quarter 2024 results: EPS: US$0.36 (up from US$0.32 in 1Q 2023). Revenue: US$130.1m (up 3.1% from 1Q 2023). Net income: US$12.1m (up 2.9% from 1Q 2023). Profit margin: 9.3% (in line with 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Buy Or Sell Opportunity • May 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to US$20.00. The fair value is estimated to be US$25.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Announcement • Apr 16
International Money Express, Inc. to Report Q1, 2024 Results on May 08, 2024 International Money Express, Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Recent Insider Transactions Derivative • Mar 18
President & GM of Latin America notifies of intention to sell stock Joseph Aguilar intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of March. If the sale is conducted around the recent share price of US$21.13, it would amount to US$501k. Since June 2023, Joseph's direct individual holding has increased from 23.18k shares to 42.67k. Company insiders have collectively sold US$2.9m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 11
Executive Officer notifies of intention to sell stock Ernesto Luciano intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of March. If the sale is conducted around the recent share price of US$20.83, it would amount to US$521k. Since June 2023, Ernesto's direct individual holding has increased from 15.68k shares to 21.32k. Company insiders have collectively sold US$2.9m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 29
International Money Express, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024 International Money Express, Inc. provided earnings guidance for the first quarter and full year 2024. For the quarter, the company expects revenue of $150.4 million to $155.0 million and diluted EPS of $0.32 to $0.35.For the full year, the company expects revenue of $681.0 million to $701.8 million and diluted EPS of $1.81 to $1.96. Reported Earnings • Feb 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$1.67 (up from US$1.52 in FY 2022). Revenue: US$658.7m (up 21% from FY 2022). Net income: US$59.5m (up 3.8% from FY 2022). Profit margin: 9.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to US$19.91. The fair value is estimated to be US$25.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Announcement • Feb 16
International Money Express, Inc. Announces Resignation of Ernesto Luciano as General Counsel and Chief Legal Officer On February 8, 2024, the Board of Directors of International Money Express, Inc. approved an agreement with Ernesto Luciano, the General Counsel and Chief Legal Officer, under which he will resign from his positions with the Company, effective immediately. Mr. Luciano would continue to assist the Company for a one month period in order to assist with the effective transition of his duties. Announcement • Feb 07
International Money Express, Inc. to Report Q4, 2023 Results on Feb 27, 2024 International Money Express, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 27, 2024 Recent Insider Transactions Derivative • Dec 24
Insider notifies of intention to sell stock Randall Nilsen intends to sell 90k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of December. If the sale is conducted around the recent share price of US$22.24, it would amount to US$2.0m. Since March 2023, Randall's direct individual holding has increased from 181.61k shares to 195.62k. Company insiders have collectively sold US$6.6m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 10
Price target increased by 11% to US$24.00 Up from US$21.60, the current price target is an average from 4 analysts. New target price is 24% above last closing price of US$19.32. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of US$1.61 for next year compared to US$1.52 last year. Announcement • Nov 09
International Money Express, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023 International Money Express, Inc. provided earnings guidance for the fourth quarter of 2023. For the period, the company expects Revenue of $170.0 million to $181.0 million, up 10% to 17% and Diluted EPS of $0.43 to $0.46, up 22% to 30%. Reported Earnings • Nov 09
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: US$0.42 (down from US$0.45 in 3Q 2022). Revenue: US$149.7m (up 23% from 3Q 2022). Net income: US$14.8m (down 11% from 3Q 2022). Profit margin: 9.9% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$18.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Diversified Financial industry in the US. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$20.24 per share. Buying Opportunity • Oct 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be US$20.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 30% in the next 2 years. Announcement • Oct 10
International Money Express, Inc. to Report Q3, 2023 Results on Nov 07, 2023 International Money Express, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 New Risk • Aug 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risk Significant insider selling over the past 3 months (US$2.9m sold). Price Target Changed • Aug 03
Price target decreased by 15% to US$26.00 Down from US$30.60, the current price target is an average from 4 analysts. New target price is 47% above last closing price of US$17.70. Stock is down 27% over the past year. The company is forecast to post earnings per share of US$1.62 for next year compared to US$1.52 last year. Announcement • Aug 03
International Money Express, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2023 International Money Express, Inc. provides earnings guidance for the third quarter and full year 2023. For the third quarter 2023, the company expects Revenue of $165.7 million to $176.8 million and Diluted EPS of $0.40 to $0.43.For the full year 2023, the company expects Revenue of $644.9 million to $673.0 million and Diluted EPS of $1.56 to $1.63. Reported Earnings • Aug 03
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: US$0.43. Revenue: US$169.2m (up 24% from 2Q 2022). Net income: US$15.4m (down 3.5% from 2Q 2022). Profit margin: 9.1% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 8.3%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Diversified Financial industry in the US. Announcement • Jul 12
International Money Express, Inc. to Report Q2, 2023 Results on Aug 02, 2023 International Money Express, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 02, 2023 Recent Insider Transactions • May 12
Chairman recently sold US$2.4m worth of stock On the 10th of May, Robert Lisy sold around 95k shares on-market at roughly US$25.12 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$3.7m. Robert has been a net seller over the last 12 months, reducing personal holdings by US$10m. Recent Insider Transactions Derivative • May 11
Chairman notifies of intention to sell stock Robert Lisy intends to sell 150k shares in the next 90 days after lodging an Intent To Sell Form on the 8th of May. If the sale is conducted around the recent share price of US$26.25, it would amount to US$3.9m. For the year to December 2017, Robert's total compensation was 17% salary and 83% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2022, Robert's direct individual holding has decreased from 1.10m shares to 1.01m. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 05
First quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2023 results: EPS: US$0.32 (up from US$0.30 in 1Q 2022). Revenue: US$145.4m (up 27% from 1Q 2022). Net income: US$11.8m (flat on 1Q 2022). Profit margin: 8.1% (down from 10% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 19
Chairman recently sold US$3.7m worth of stock On the 10th of March, Robert Lisy sold around 150k shares on-market at roughly US$24.67 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by US$7.7m. Price Target Changed • Mar 10
Price target increased by 8.3% to US$29.25 Up from US$27.00, the current price target is an average from 4 analysts. New target price is 19% above last closing price of US$24.56. Stock is up 37% over the past year. The company is forecast to post earnings per share of US$1.83 for next year compared to US$1.52 last year. Reported Earnings • Mar 09
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: US$1.52 (up from US$1.22 in FY 2021). Revenue: US$546.8m (up 19% from FY 2021). Net income: US$57.3m (up 22% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
International Money Express, Inc. to Report Q4, 2022 Results on Mar 08, 2023 International Money Express, Inc. announced that they will report Q4, 2022 results Pre-Market on Mar 08, 2023 Announcement • Jan 18
International Money Express, Inc. Announces Executive Changes International Money Express, Inc. announced several executive leadership changes effective immediately to support the Company’s continued innovation and success. Christopher Hunt, who has served as Chief Information Officer of the company since March 2021, will move to the role of acting Chief Operating Officer. Chris will continue his oversight of technology for the business while adding product development, product operations, and facilities to his responsibilities. Chris’ appointment will become permanent upon customary regulatory approval. Joseph Aguilar, who has served as Chief Operating Officer of the company since October 2019, will become President and General Manager - Latin America. In his new position, Joseph will be focused on all existing functions within Mexico and Guatemala, and in future Intermex operations in Latin America. Recent Insider Transactions Derivative • Nov 19
Chairman notifies of intention to sell stock Robert Lisy intends to sell 150k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of November. If the sale is conducted around the recent share price of US$20.43, it would amount to US$3.1m. For the year to December 2017, Robert's total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2021, Robert's direct individual holding has decreased from 1.32m shares to 1.10m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 18
Chairman recently sold US$3.0m worth of stock On the 15th of November, Robert Lisy sold around 150k shares on-market at roughly US$20.30 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by US$4.0m. Reported Earnings • Nov 10
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: US$0.45 (up from US$0.30 in 3Q 2021). Revenue: US$140.8m (up 17% from 3Q 2021). Net income: US$16.6m (up 45% from 3Q 2021). Profit margin: 12% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 6.4%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Nov 10
International Money Express, Inc. Reiterates Earnings Guidance for the Full Year 2022 International Money Express, Inc. reiterated earnings guidance for the full year 2022. For the year, the company expects revenue of $542 million to $551 million, an increase of 18% to 20% and net Income of $60 million to $61 million, an increase of 28% to 30%. Announcement • Nov 02
International Money Express, Inc. (NasdaqCM:IMXI) completed the acquisition of Envios de Valores La Nacional Corp. for $44.7 million. International Money Express, Inc. (NasdaqCM:IMXI) entered into a definitive agreement to acquire Envios de Valores La Nacional Corp. on March 16, 2022. Intermex expects to fund the transaction with its cash on hand. In a related transaction International Money Express, Inc. also in an agreement to acquire LAN Holdings, Corp. Intermex expects to pay combined consideration of approximately $50 million (subject to customary purchase price adjustments) on closing and up to an additional $3 million in contingent consideration in 2023. Upon closing, the acquired businesses will operate as a group of wholly-owned subsidiaries of Intermex and it is expected that its present management team will remain in place, led by Jon Ness as Chief Executive Officer and President, and will report to Bob Lisy, Intermex’s Chairman and Chief Executive Officer. The transaction is subject to customary closing conditions, including financial services-related regulatory approvals and expected to close to close mid-year 2022. As of May 4, 2022, the transaction is expected to close in the third quarter of 2022. The transaction is expected to close late in the third quarter or early fourth quarter of 2022. Nomura Securities International, Inc. acted as exclusive financial advisor to International Money Express, Inc.
International Money Express, Inc. (NasdaqCM:IMXI) completed the acquisition of Envios de Valores La Nacional Corp. for $44.7 million on November 1, 2022. Intermex paid cash of $42.3 million on closing and anticipates up to another possible $2.4 million in contingent consideration to be paid in 2023 if La Nacional achieves certain financial and operational targets. In addition, Intermex expects to close on the previously announced acquisition of LAN Holdings Corp. late in the 4th quarter of 2022, or early in 2023. The Company used cash on hand to fund the La Nacional transaction. The Company expects the integration of La Nacional and LAN Holdings, once that acquisition is consummated, to be completed over the next four quarters. La Nacional will operate as an independent brand with the current leadership team reporting to Bob Lisy. Announcement • Oct 14
International Money Express, Inc. to Report Q3, 2022 Results on Nov 09, 2022 International Money Express, Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 09, 2022 
