International Money Express, Inc. (IMXI) Wednesday announced a decline in fourth quarter earnings, on reduced revenues, compared to the prior year. On an adjusted basis, earnings missed estimates, while fourth quarter revenues came in below estimates.
Currently, shares are at $15.53, down 15.20 percent from its previous close of $18.32.
The company said it has unanimously determined to suspend its previously announced assessment of strategic alternatives.
Quarterly earnings were $15.39 million, compared to $17.49 million a year ago. On a per share basis, earnings were $0.49, in line with the prior year. On an adjusted basis, earnings were $17.81 million or $0.57 per share, while it was at $19.93 million or $0.56 per share a year ago.
On average, analysts expected had expected the company to earn, $0.6 per share. Analysts estimates usually exclude special items.
Revenue for the quarter declined to $164.78 million from $171.78 million a year ago. Wall Street expected $169.27 million.
Looking ahead, the company projects full year 2025 earnings per share in a range of $1.76-$1.91, and adjusted earnings of $2.09 to $2.26 per share.
Revenue is expected to be in a range of $657.5 to $677.5 million. Adjusted EBITDA is expected to be between $113.8 and $117.3 million.
For the first quarter 2025, the earnings guidance is in a range of $0.32 to $0.34 and adjusted earnings is in a range of $0.40 to $0.43 per share. Adjusted EBITDA is currently projected between $23.3 and $24.0 million.
For comments and feedback: editorial@rttnews.com