International Money Express, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 07:30 am
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International Money Express, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 172.44 million compared to USD 140.77 million a year ago. Net income was USD 14.83 million compared to USD 16.63 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.43 a year ago.
For the nine months, revenue was USD 486.95 million compared to USD 392.37 million a year ago. Net income was USD 42.02 million compared to USD 44.26 million a year ago. Basic earnings per share from continuing operations was USD 1.17 compared to USD 1.16 a year ago. Diluted earnings per share from continuing operations was USD 1.14 compared to USD 1.14 a year ago.
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 Companyâs 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.