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intermex INTERNATIONAL MONEY EXPRESS International Money Express , Inc. Announces Double - Digit Growth in Transactions , Revenues , and Net Income for the First Quarter 2021 May 5 , 2021 First Quarter 2021 - Highlights • Revenues of $ 94.6 million , an increase of 22.4 % compared with the prior - year period • Net Income of $ 9.0 million , an increase of 57.8 % , and Basic and Diluted EPS of $ 0.23 , up 53.3 % , compared with the prior - year period • Adjusted Net Income increased 40.0 % to $ 10.6 million and Adjusted Basic and Diluted EPS grew 40.0 % and 35.0 % • to $ 0.28 and $ 0.27 per share , respectively , compared with the prior - year period Adjusted EBITDA of $ 16.8 million , an increase of 27.4 % over the prior - year period • A 13.8 % increase in active customers compared with the prior - year period MIAMI , May 05 , 2021 ( GLOBE NEWSWIRE ) -- International Money Express , Inc. ( NASDAQ : IMXI ) ( " Intermex " or the " Company " ) , a leading money remittance services company , today announced its financial results for the quarter ended on March 31 , 2021 , and will host a conference call to discuss those results at 8:30 am ET today . Intermex Chairman , Chief Executive Officer , and President , Robert Lisy commented , " Intermex started 2021 right where it finished 2020 by delivering another quarter of impressive double - digit growth in the number of money transfers , revenues , net income , and adjusted EBITDA . Also , for the first quarter of 2021 , Intermex realized a 19.6 % market share up from 19.4 % for 2020 , in our core markets of Mexico , Guatemala , El Salvador , and Honduras . In terms of principal sent , in those four markets , Intermex grew more than 30 % faster than the overall market in the quarter . These incredible results are directly due to the Company's strategy of partnering with select agents that share in our belief in providing fast , high - quality customer service , located in convenient locations throughout the country . Intermex also believes in providing the customer the choice of digital from the counter - top or their hand - held device . " Lisy added , " this foundation of strong , customer - focused operating results enables the Company to continue to expand its agent network in send countries , grow its receive countries , and invest in new technologies and products which will allow the Company to generate growth and returns in the future . " First Quarter Financial Results Intermex delivered a record first - quarter with Revenues of $ 94.6 million , an increase of 22.4 % over the prior - year period . These revenues were driven by a 19.3 % increase in net money transfer transactions to 8.4 million in the first quarter of 2021 , coupled with a 30.2 % increase in principal sent compared with the first quarter of 2020. The average principal sent increased 9.2 % to $ 403 compared with the first quarter of 2020 . The Company reported Net Income of $ 9.0 million in the first quarter of 2021 , an increase of 57.8 % over the prior - year period , and basic and diluted earnings per share in the first quarter of 2021 were $ 0.23 , an increase of 53.3 % , compared with the prior - year period . These increases were primarily due to the revenue growth noted above , lower expenses for depreciation and amortization , and interest expense . These were partially offset by increases in service charges from agents and banks , salaries , and income tax expense . Adjusted Net Income for the first quarter of 2021 totaled $ 10.6 million , an increase of 40.0 % over the prior - year period . Adjusted basic and diluted earnings per share totaled $ 0.28 and $ 0.27 , an increase of 40.0 % and 35.0 % , respectively , compared with the prior - year period , primarily due to the items noted above and adjustments for share - based compensation and the amortization of certain intangibles ( net of income tax benefit ) as compared to the prior - year period . Adjusted EBITDA in the first quarter of 2021 increased 27.4 % to $ 16.8 million over the prior - year period , Net Income margin grew 210 basis points from 7.4 % to 9.5 % , and Adjusted EBITDA Margin increased 70 basis points to 17.8 % , driven primarily by revenue growth partially offset by increases in both salaries and service charges from agents and banks . Full - year 2021 Guidance The Company is reaffirming its previously issued guidance and continues to expect to generate revenue growth increasing 16 % - 18 % to revenue of between $ 414 million - $ 421 million . Intermex expects to generate 19 % -24 % growth in Net Income to between $ 40 million - $ 42 million , and Adjusted Net Income growth of between 12 % - 15 % to between $ 47 million - $ 49 million . Intermex also expects Adjusted EBITDA growth of 11 % - 14 % to between $ 76 million - $ 79 million . Non - GAAP Financial Measures Adjusted Net Income , Adjusted Earnings per Share , Adjusted EBITDA , and Adjusted EBITDA Margin , each a Non - GAAP financial measure , are the primary metrics used by management to evaluate the financial performance of our business . We present these Non - GAAP financial measures because we believe they are frequently used by analysts , investors , and other interested parties to evaluate companies in our industry . Further , we believe they help highlight trends in our operating results , because certain of such measures exclude , among other things , the effects of certain transactions that are outside the control of management , while other measures can differ significantly depending on long - term strategic decisions regarding capital structure , the jurisdictions in which we operate and capital investments . Adjusted Net Income is defined as Net Income adjusted to add back certain charges and expenses , such as non - cash amortization of certain intangibles resulting from push - down accounting , non - cash compensation costs , and other items outlined in the reconciliation table below , as these charges and expenses are not considered a part of our core business operations and are not an indicator of ongoing future Company performance . Adjusted Earnings per Share is calculated by dividing Adjusted Net Income by GAAP weighted - average common shares outstanding ( basic and