International Money Express, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 06:31 pm IST
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International Money Express, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 171.78 million compared to USD 154.44 million a year ago. Net income was USD 17.5 million compared to USD 13.07 million a year ago. Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.35 a year ago.
For the full year, the company reported revenue was USD 658.74 million compared to USD 546.81 million a year ago. Net income was USD 59.52 million compared to USD 57.33 million a year ago. Basic earnings per share from continuing operations was USD 1.67 compared to USD 1.52 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 1.48 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.
INTERNATIONAL MONEY EXPRESS, INC. 
