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Jun 30, 2023
Intermex Q2 2023 Earnings Report
Intermex reported solid revenue and adjusted EBITDA growth, reflecting the strength of its core business and successful integration of La Nacional and positioning to scale up in Europe with i-Transfer.
Key Takeaways
Intermex reported a 23.5% increase in revenue to $169.2 million, driven by core growth and acquisitions, but net income decreased by 3.5% to $15.4 million due to higher expenses. The company saw a 41.1% increase in active customers and a 26.7% increase in money transfer transactions, with digital transactions growing by 62.9%.
Revenues increased by 23.5% to $169.2 million.
Net income decreased by 3.5% to $15.4 million.
Diluted EPS increased by 2.4% to $0.42 per share.
Adjusted EBITDA increased by 11.7% to $30.9 million.
Intermex
Intermex
Intermex Revenue by Segment
Revenue by Segment
Wire Transfer & Money Order Fees Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
The Company is reducing its previously issued full-year guidance and providing third-quarter guidance:
Revenue & Expenses
Visualization of income flow from segment revenue to net income