International Money Express Inc (OQ:IMXI)

Sector:  Industrials Industry:  Business Support Services
 
See Regulatory Filings on SEC
Company Contact
Address: 9100 South Dadeland Blvd, Suite 1100
MIAMI FL 33156
Tel: N/A
Website: N/A
IR: N/A
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Key People
Robert W. Lisy
Chairman of the Board, President, Chief Executive Officer 		Andras Q. Bende
Chief Financial Officer 		Christopher Hunt
Acting Chief Operating Officer
Randall D. Nilsen
Executive Vice President - Intermex Retail Sales, U.S and Canada 		Joseph Aguilar
President and General Manager - Latin America 		 
Business Overview
International Money Express, Inc. is an omnichannel money remittance services company. The Company provides the digital movement of money through a network of agent retailers in the United States, Canada, Spain, Italy and Germany; through Company-operated stores; its mobile application; and the Company's Websites. Its remittance services include a suite of ancillary financial processing solutions and payment services available in all 50 states in the United States, Washington D.C., Puerto Rico and 13 provinces in Canada. It offers money remittance services to LAC countries, mainly Mexico and Guatemala, and others. These services involve the movement of funds on behalf of an originating consumer for receipt by a designated beneficiary at a designated receiving location. The money remittance services enable consumers to send funds through its network of locations in the United States and Canada that are primarily operated by third-party businesses.
Financial Overview
For the fiscal year ended 31 December 2023, International Money Express Inc revenues increased 20% to $658.7M. Net income increased 4% to $59.5M. Revenues reflect Wire transfer and money order fees increase of 20% to $561.5M, Foreign exchange, net increase of 21% to $87.9M, Other income increase of 97% to $9.3M. Net income was partially offset by Service charges from agents and banks increase of 18% to $430.9M (expense).
Employees: 1,110 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $667.87M as of Dec 31, 2023
Annual revenue (TTM): $658.73M as of Dec 31, 2023
EBITDA (TTM): $111.98M as of Dec 31, 2023
Net annual income (TTM): $59.52M as of Dec 31, 2023
Free cash flow (TTM): $130.72M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 33,732,409 as of Feb 23, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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