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intermex INTERNATIONAL MONEY EXPRESS International Money Express , Inc. Announces Record Transactions , Revenues , Net Income , and Adjusted EBITDA for the Second Quarter 2021 August 4 , 2021 Raises Full - Year Guidance Second Quarter 2021 - Highlights • Revenues of $ 116.7 million , an increase of 37.2 % compared with the prior - year period • Net Income of $ 13.2 million , an increase of 47.3 % , and Basic and Diluted EPS of $ 0.34 , up 41.7 % , compared with the prior - year period • Adjusted Net Income increased 41.2 % to $ 15.3 million and Adjusted Basic and Diluted EPS grew 42.9 % and 39.3 % • to $ 0.40 and $ 0.39 per share , respectively , compared with the prior - year period Adjusted EBITDA of $ 23.2 million , an increase of 33.4 % over the prior - year period • 10.1 million transactions , up 33.4 % from the prior - year period • A 22.9 % increase in active customers compared with the prior - year period MIAMI , Aug. 04 , 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 June 30 , 2021 , and will host a conference call to discuss those results at 9:00 am ET today . Intermex Chairman , Chief Executive Officer and President , Robert Lisy commented , " The Company delivered a record - setting quarter across every single one of our key metrics . This is even more exciting when you consider the second quarter of 2020 comparative in which we grew across all key metrics and in turn outpaced the overall remittance market . Our ability to continue to capture share in the face of a strengthening remittance market indicates the effectiveness of our omnichannel strategy . Our offerings resonate with our consumers and our partners , and our execution remains unparalleled in the industry . In addition , our recently announced debt refinancing positions us in an even better place to continue to deliver exceptional growth . " Second Quarter Financial Results Intermex delivered a record second - quarter with Revenues of $ 116.7 million , an increase of 37.2 % over the prior - year period . Total Revenues were driven by a 33.4 % increase in net money transfer transactions to a record 10.1 million in the second quarter of 2021 , coupled with a 53.2 % increase in total principal sent compared with the second quarter of 2020. The average principal sent per transaction increased 14.8 % to $ 432 compared with the second quarter of 2020 . The Company reported record Net Income of $ 13.2 million in the second quarter of 2021 , an increase of 47.3 % over the prior - year period , and Basic and Diluted Earnings per Share in the second quarter of 2021 were $ 0.34 , an increase of 41.7 % , 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 second quarter of 2021 totaled a record $ 15.3 million , an increase of 41.2 % over the prior - year period . Adjusted Basic and Diluted Earnings per Share totaled $ 0.40 and $ 0.39 , an increase of 42.9 % and 39.3 % , 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 second quarter of 2021 increased 33.4 % to a record $ 23.2 million over the prior - year period , Net Income Margin grew 70 basis points from 10.6 % to 11.3 % and Adjusted EBITDA Margin decreased 50 basis points to 19.9 % , driven primarily by revenue growth offset by increases in both salaries and service charges from agents and banks . Updated Full - year 2021 Guidance The Company is raising its previously issued guidance and now expects to generate Revenues of between $ 441 million - $ 450 million . Intermex expects to generate Net Income between $ 43 million - $ 45 million , and Adjusted Net Income between $ 51 million - $ 53 million . Intermex also expects Adjusted EBITDA of between $ 80 million - $ 83 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