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A Closer Look at International Money Express Inc's Performance: Despite Strong Revenue, EPS Dips in Recent Fiscal Period

International Money Express Inc. Reports Mixed Financial Results in Q3 2023


Published Nov 08 2023 / Modified Nov 09 2023
CSIMarket Team / CSIMarket.com


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The financial results of International Money Express Inc.
(IMXI) for its most recent fiscal period reveal a decline in income per share (EPS) compared to the same period last year, although the company experienced an increase in revenue.
This article aims to analyze these results and provide an overview of the company's performance.

EPS and Revenue Figures:
- IMXI announced EPS of $0.41, a decrease from $0.43 EPS earned in the comparable interval a year ago.
- Revenue rose considerably by 22.498% in the current period compared to the same period last year, reaching $169.15 million.

Quarter-over-Quarter Comparison:
- EPS decreased by -2.38% from $0.42 per share in the previous quarter.
- Revenue increased moderately by 1.943% from $169.15 million in the prior period.

Bottom-line Performance:
- IMXI's bottom-line earnings for Q3 2023 were $14.832 million, reflecting a decline of -10.79% from $16.626 million in the corresponding period the previous year.

Focus on Sales Improvement:
- In the third quarter of 2023, IMXI shifted its focus on improving sales, resulting in a net margin decrease to 8.6%.- Operating earnings, however, showed promise, rising 16.9% to $24.252 million.

Accounts Receivable and Rising Demand:
- The build-up of accounts receivable signifies rising demand, with the amount valued at $163.0 million, higher than the preceding quarter.

Conclusion:
Despite a slight decrease in EPS compared to the prior year, International Money Express Inc.
experienced significant revenue growth in its most recent fiscal period.
The company's strategic shift toward improving sales helped boost operating earnings, although net margin slightly declined.
The increase in accounts receivable suggests rising demand.
IMXI's next financial results are expected to be reported on March 14, 2024.

Putting the Results into Context:
- IMXI's stock gained 18.01% in the past five days, indicating positive market sentiment.
- Compared to the previous year, the stock showed a decline of -6.6%.- Trading at 23.9% above its 52-week low, IMXI's stock demonstrates stability in the market despite the aforementioned financial results.



International Money Express Inc's Price to sales ratio PS

International Money Express Inc's Receivables Turnover Ratio



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