MIAMI, November 4, 2020 (GLOBE NEWSWIRE) – International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or “Company”), a leading cash transfer company, today announced its monetary effects for the third quarter ended September 30, 2020 and will hold a convention to discuss these effects at 8:30 am ET today.
Robert Lisy, president, CEO and president of Intermex, said, “The company’s record money results, combined with percentage market gains in the third quarter of 2020, demonstrate the strength of our unique business style and differentiated service. “Mr Lisy added: “Our logo resonates strongly with our agents and consumers in times and, more importantly, in those difficult times. Our unique strategy, logo, generation and service paints in combination to create our ‘brick house’. Intermex continues to generate world-class expansion and profitability, while delivering high profitability for percentage shareholders. “
Intermex’s third quarter monetary effects achieved its third most productive quarter in the company’s history with a profit of $95. 6 million, an increase of 12. 0% over the past year. This increase in profits was supported by an 11. 2% increase in the number of consumers. to 2. 2 million, resulting in a 12. 8% increase in cash movement transactions to a record 8. 5 million in the third quarter of 2020. La further expansion has contributed to this expansion in consumers and transactions, experience in our new African markets, as well as the continued expansion of our existing LATAM markets.
Adjusted net source of revenue for the third quarter of 2020 $12. 2 million, an increase of 28. 0%, and adjusted and diluted net earnings consistent with the consistent percentage totaled $0. 32, an increase of 28. 0% over the same period last year. for the reasons discussed above.
Adjusted EBITDA in the 3rd quarter of 2020 increased by 16. 0% from last year’s comparable era to $19. 1 million, and the adjusted EBITDA margin increased by 69 basic problems to 20. 0%, mainly due to the expansion of profits and specific spending due to the fee saving projects discussed. Over.
capital
The adjusted net income source is explained as the net income source adjusted to charge certain expenses and expenses, such as non-monetary depreciation resulting from the drop-down accounting, non-monetary repayment prices, and other pieces shown in the reconciliation table below, as those expenses are not a component of our core business and are not an indicator of the Company’s long-term performance.
Adjusted EBITDA is explained as a net source of pre-depreciation income, interest expense, source of income tax, and is also adjusted to charge certain expenses and expenses, such as non-cash repayment prices and other pieces shown in the reconciliation table below, such as those and expenses are not a component of our core business and are not an indicator of continued long-term performance of The Company.
The adjusted EBITDA margin is calculated by dividing the revenue-adjusted EBITDA.
Adjusted net income source, adjusted earnings consistent with participation, adjusted EBITDA, and adjusted EBITDA margin are non-GAAP monetary measures and do not deserve to be considered as an option to contrast with a source of income or a net source of income as a measure of or consistent with functionality or money or as a measure of liquidity. Non-PCGA monetary measures are not necessarily calculated in the same way through other corporations and do not deserve to be considered as a replacement or consistency with the U. S. PSGA point.
Free moneyArray is also a non-PCGA measure, it is explained as net earnings prior to provision for uncobrable debts and adjusted depreciation and amortization to charge certain non-monetary expenses and expenses, such as non-monetary repayment prices and other parties set out in the reconciliation table below, as those expenses and expenses are not considered as a component of our core business and are reduced through the money used for the money used for activities. our obligations.
Intermex’s conference call/presentation for investors and analysts will offer a conference call and a presentation on the Internet today at 8:30 a. m. EAST Time. The convention call can be heard by dialing: 1-877-423-9813 (US). U. S. ) Or 1-201-689 -8573 (outside the United States) ten minutes before the call begins.
The call for the convention and the accompanying slides will be available on the Internet at https://investors. intermexonline. com. Registration for the occasion is mandatory, so register at least five minutes before the scheduled start time.
There will be a replay of the webcast approximately 2 to four hours after the convention call in https://investors. intermexonline. com/.
Safe Harbor Compliance Statement for Forward-Looking Statements This press release comprises “prospectuses” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exposure Act. 1934 Securities, as amended, which reflects our existing perspectives regarding certain occasions that may also have effects on our long-term functionality, adding, but not limited to, s related to our plans Organizing our objectives, our monetary functionality, our business methods and our expectations related to the Company’s business. These messages are related to expectations related to topics that are not old facts and that could possibly come with words or words like “should”, “should”, “hope”, “believe”, “foresee”, “without stopping”, “also can simply, “may”, “can also simply”, “plans”, “possible”, “potential”, “predict”, “projects”, “foresees”, “intends”, “suppose”, “estimates”, ” Roughly “,” “,” our planning assumptions “,” long-term clients “and similar expressions, however, the absence of those words does not mean that a is not forward-looking. These words and negative bureaucracy and plural of such The words and expressions are intended to identify prospects, but are not the exclusive means of identifying such prospects. All such prospects are based on a giant component of data that exists under our control and our expectations, existing assumptions, plans, estimates, judgments and projections related to our business and our industry, as well as on macroeconomic situations, and are the subject of various threats and insecurities that can also cause real effects that differ considerably from the old effects or those that were expected today. While we believe that those expectations, assumptions, estimates, judgments, and projections are reasonable, prospects are only predictions and involve known and unknown threats, insecurities, contingencies, and other issues, many of which are beyond our control. These and other vital points may also cause our actual effects, functionality or achievements to differ dramatically from those expressed or implied in those prospectuses, or they may also have an effect on our percentage price. Accordingly, there can be no guarantee that our expectations will be met or that our estimates or assumptions are correct, and we advise investors and others not to place undue reliance on such forecasts. Some of the points that may also cause actual effects to differ from those expressed or implied through prospectuses and may also have an adverse drapery effect on our business, monetary condition, effects of operations, currency flows and our liquidity. . with, among others, the COVID-19 pandemic, its responses and effects on the economy and the market, adding degrees of unemployment and greater volatility in the money markets; festival in the markets in which we operate; volatility of the expiration rate that may also have an effect on the volume of remittances from clients and / or have effects on our foreign expiration gains and losses; our ability to interact with agents in situations compatible with those existing in the position; our ability to maintain mandatory banking relationships to conduct our business; credit threats from our agents and the monetary establishments with which we do business; bank failures, the continued illiquidity of the money markets or the illiquidity of our monetary clearing, currency control or deposit establishments; new generation or competition that disrupts the existing ecosystem, in composing through the introduction of a virtual platform; cyber attacks or disruption of our data generation, computer network systems and knowledge centers; our ability to honor our debts and continue to meet the needs of our credit facility; interest rate threat related to the elimination of the London Interbank Offered Rate (LIBOR) as the benchmark interest rate our good luck in creating and introducing new products, facilities and infrastructure; visitor confidence in our logo and in customer currency transfers in general; our ability to meet the regulatory needs of the jurisdictions in which we operate or plan to operate; foreign political points or the implementation of fees, border taxes or restrictions on remittances or transfers of currency outside the United States or Canada; adjustments in tax legislation and adverse effects of the tax positions we assume; political prowess, monetary restrictions and volatility in the countries in which we operate or plan to operate; customer fraud and other threats related to visitor authentication; weak economic situations in the United States or abroad; repositioning or alteration of foreign migration patterns; our ability to protect our logo and intellectual property rights; our ability to retain key personnel; and other points, threats and economic, commercial and / or competitive insecurities, adding those described in the “Risk Factors” segment of the periodic reports that we register with the Securities and Exposure Commission. All non-factual messages included in this press release are forward-looking messages, which add to, but are not limited to, messages related to company logo, generation and service procedure to generate revenue. . growth, proficiency in earnings and strong returns for percentage holders, and all messages made to us or attributable to us are expressly qualified in their entirety through this set of caveats. launching. We do not assume any legal responsibility to update or revise, or publicly announce any update or revision of any of the prospectuses made in this document, whether as a result of new data, long-term occasions or otherwise.
Investor Relations Mike GallentineVice President of investisseursmgallentine@intermexusa. comtel Relations. 305-671-8005