International Money Express Inc
NASDAQ:IMXI
International Money Express Inc
International Money Express, Inc. engages in the provision of money transmittal services. The company is headquartered in Miami, Florida and currently employs 674 full-time employees. The company went IPO on 2017-01-25. The company is focused primarily on the United States of America to Latin America and the Caribbean (LAC) corrido, which includes Mexico, Central and South America, and the Caribbean. The company has expanded its services to allow remittances to Africa and Asia from the United States and offers sending services from Canada to Latin America and Africa. The company utilizes its technology to deliver services to its customers through a network of sending and paying agents. Its remittance services include a suite of ancillary financial processing solutions and payment services, which are available in 50 states in United States, Washington D.C., Puerto Rico and 13 provinces in Canada, where customers can send money to beneficiaries in 17 LAC countries, eight countries in Africa and two countries in Asia. Its product and service portfolio includes online payment options, pre-paid debit cards and direct deposit payroll cards.
International Money Express, Inc. engages in the provision of money transmittal services. The company is headquartered in Miami, Florida and currently employs 674 full-time employees. The company went IPO on 2017-01-25. The company is focused primarily on the United States of America to Latin America and the Caribbean (LAC) corrido, which includes Mexico, Central and South America, and the Caribbean. The company has expanded its services to allow remittances to Africa and Asia from the United States and offers sending services from Canada to Latin America and Africa. The company utilizes its technology to deliver services to its customers through a network of sending and paying agents. Its remittance services include a suite of ancillary financial processing solutions and payment services, which are available in 50 states in United States, Washington D.C., Puerto Rico and 13 provinces in Canada, where customers can send money to beneficiaries in 17 LAC countries, eight countries in Africa and two countries in Asia. Its product and service portfolio includes online payment options, pre-paid debit cards and direct deposit payroll cards.
Revenue Miss: Q1 revenue was $144.3 million, down year-over-year and below expectations, driven by fewer but larger transactions.
Volume Up, Transactions Down: Principal sent grew 4%, but transaction count fell over 5%, an unusual dynamic for the company.
Digital Acceleration: Digital transactions surged nearly 70% year-over-year in Q1 and reached 80% growth in April.
Margin Pressure: Adjusted EBITDA margin dropped to 15%, reflecting fee and FX headwinds and increased digital marketing investment.
Full-Year Guidance Lowered: 2025 revenue guidance is now $634.9–$654.2 million and EPS $1.53–$1.65, with no more quarterly guidance given market uncertainty.
Cost Discipline: Salaries and benefits rose just 1%; most G&A increase was targeted digital marketing.
Strong Cash Position: Ended Q1 with $151.8 million cash and over $10 million in free cash flow; net leverage remains low.
