IMXI - International Money Express reports Q4 earnings; initiates Q1 and FY23 outlook

2023-03-08 08:05:00 ET

• International Money Express press release ( NASDAQ: IMXI ): Q4 Non-GAAP EPS of $0.46.
• Revenue of $154.44M (+21.4% Y/Y).
• Adjusted EBITDA of $29.1 million, an increase of 22.4%.
• Net Free Cash Generated of $13.7 million, an increase of 24.6%.
• The Company is providing full-year and first quarter guidance, and expects: Full year 2023, compared to the prior year: Revenue of $667.0 million to $688.5 million, an increase of 22% to 26% vs $673.39M consensus.
• Net Income of $66.5 million to $69.0 million, an increase of 16% to 20%.
• Adjusted EBITDA of $120.0 million to $124.5 million, an increase of 14% to 18%.
• First quarter 2023, compared to the prior year quarter: Revenue of $140.9 million to $145.5 million, an increase of 23% to 27% vs. consensus of $143.35M.
• Net Income of $11.6 million to $11.7 million, a decrease of (1%) to flat.
• Adjusted EBITDA of $22.5 million to $22.8 million, an increase of 9% to 10%.

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