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International Money Express Inc (IMXI)
NASDAQ:IMXI
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.6Last Year’s EPS
$0.56Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 12.97%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance, particularly in digital growth and cost management, but acknowledged challenges in retail growth due to macroeconomic conditions and increased competition. Despite these challenges, the company remains optimistic about future growth, especially in digital channels.Company Guidance
During the Q3 2024 earnings call for International Money Express (IMXI), the company provided a detailed overview of its financial performance and strategic direction, highlighting several key metrics. IMXI reported a GAAP EPS of $0.53, a 29.3% year-over-year increase, and an all-time high adjusted EBITDA of $33.9 million, reflecting a 7% growth compared to the previous year. Total revenue for the quarter was $171.9 million, with digital revenue experiencing significant growth of over 66% year-over-year. The company also noted that its consumer base expanded to 4.2 million, marking a 5% increase from the previous year. Despite challenges in the retail sector, IMXI's digital channels demonstrated robust performance, with digitally sent money transfers increasing by 76%. The company maintained strong adjusted EBITDA margins at 19.7% and reported an adjusted EPS of $0.61, a 19.6% rise from the prior year. IMXI's strategic focus on digital transformation included plans to assess strategic initiatives, potentially involving a private sale, to optimize growth and shareholder value.Record GAAP EPS and Adjusted EBITDA
GAAP EPS for Q3 reached a new high of $0.53, representing a 29.3% increase year-over-year, and adjusted EBITDA reached an all-time high of $33.9 million, growing 7% year-over-year.
Significant Digital Revenue Growth
Digital revenue grew over 66% year-over-year, driven by the adoption across digital platforms and successful partnerships.
Strong Digital Transaction Growth
Digitally sent money transfers increased by 76% in the quarter, highlighting significant growth in digital channels.
Successful Cost Management
Staff costs and G&A expenses were both down year-over-year, contributing to strong adjusted EBITDA margins of 19.7%.
Expansion in International Markets
Acquired licenses in the EU and UK, aligning with the strategy to grow in Europe and expand digital channels.
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IMXI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IMXI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $18.50 | $20.70 | +11.89% |
| Aug 07, 2024 | $21.92 | $17.50 | -20.16% |
| May 08, 2024 | $19.59 | $20.02 | +2.19% |
| Feb 27, 2024 | $21.50 | $19.91 | -7.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does International Money Express Inc (IMXI) report earnings?
International Money Express Inc (IMXI) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is International Money Express Inc (IMXI) earnings time?
International Money Express Inc (IMXI) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IMXI EPS forecast?
IMXI EPS forecast for the fiscal quarter 2024 (Q4) is $0.6.
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