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IMXI International Money Express

International Money Express, Inc. provides a platform for the electronic movement of money and data from the United States to Latin America and the Caribbean. The Company offers wire transfer, telewire, money order, and other money processing services to customers through a network of sending and paying agents, as well as online.

Company profile

Ticker
IMXI
Exchange
CEO
Robert Lisy
Employees
Incorporated
Location
Fiscal year end
Former names
Fintech Acquisition Corp. II
SEC CIK
Subsidiaries
International Money Express Sub 2, LLC • Intermex Holdings, Inc. • Intermex Wire Transfer, LLC • Intermex Wire Transfer Corp. • Intermex Wire Transfer II, LLC • Intermex Transfers de Mexico S.A. de C.V. • Intermex Wire Transfer de Mexico S.A. de C.V. • Intermex Wire Transfers de Guatemala S.A. • Intermex Servicios Integrales S. de R.L. de C.V. • Intermex Central de Servicios S. de R.L. de C.V. ...

IMXI stock data

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Calendar

6 Aug 21
19 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Oct 21 Laura I Maydon Common Stock Grant Acquire A No No 0 120 0 11,398
1 Oct 21 Holstein Kurt Common Stock Grant Acquire A No No 0 120 0 104,281
1 Oct 21 Purcell Michael J. Common Stock Grant Acquire A No No 0 719 0 28,396
21 Sep 21 Rincon John Common Stock Sell Dispose S Yes No 16.2148 52,281 847.73K 555,288
20 Sep 21 Rincon John Common Stock Sell Dispose S Yes No 16.0039 40,000 640.16K 607,569
16 Sep 21 Rincon John Common Stock Sell Dispose S Yes No 17.0127 27,719 471.58K 667,569
15 Sep 21 Rincon John Common Stock Sell Dispose S Yes No 16.9599 20,000 339.2K 647,569
15 Sep 21 Rincon John Common Stock Sell Dispose S Yes No 17.113 10,000 171.13K 695,288

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 104 110 -5.5%
Opened positions 17 12 +41.7%
Closed positions 23 8 +187.5%
Increased positions 40 38 +5.3%
Reduced positions 26 40 -35.0%
13F shares
Current Prev Q Change
Total value 504.25M 564.1M -10.6%
Total shares 33.91M 33.48M +1.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Wellington Management 3.48M $51.64M +6.2%
SPC Intermex 3.19M $48.07M 0.0%
FHI Federated Hermes 2.76M $40.99M -2.6%
BLK Blackrock 2.51M $37.25M +2.2%
Conifer Management, L.L.C. 2.36M $35.02M -9.1%
Vanguard 1.95M $28.95M +6.6%
Steamboat Capital Partners 1.79M $26.65M -21.1%
Lord, Abbett & Co. 1.75M $25.97M +62.3%
Nantahala Capital Management 1.72M $25.58M +14.2%
HCSF Management 1.7M $25.24M +6.3%
Largest transactions
Shares Bought/sold Change
Royce & Associates 20K -2.8M -99.3%
ArrowMark Colorado 1.6M +819.23K +105.6%
Voss Capital 766.47K +766.47K NEW
Lord, Abbett & Co. 1.75M +671.26K +62.3%
Steamboat Capital Partners 1.79M -479.02K -21.1%
Loomis Sayles & Co L P 414.15K +414.15K NEW
Philadelphia Financial Management of San Francisco 336.54K +336.54K NEW
Rock Creek 252.99K +252.99K NEW
Conifer Management, L.L.C. 2.36M -235.85K -9.1%
Pembroke Management 1.21M +230.96K +23.6%

Financial report summary

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Risks
  • Our financial condition, results of operations, business and cash flow may be negatively affected by a public health crises, such as the recent coronavirus (COVID-19) pandemic.
  • If we lose key sending agents, our business with key sending agents is reduced or we are unable to maintain our sending agent network under terms consistent with those currently in place, our business, financial condition and results of operations could be adversely affected.
  • We face intense competition, and if we are unable to continue to compete effectively, our business, financial condition and results of operations could be adversely affected.
  • If customer confidence in our business or in consumer money remittance providers generally deteriorates, our business, financial condition and results of operations could be adversely affected.
  • Our profit margins may be adversely affected by expansion into new geographic or product markets, which we may enter by acquisition or otherwise, that do not have the same profitability as our core markets.
  • Current and proposed data privacy and cybersecurity laws and regulations could adversely affect our business, financial condition and results of operations.
  • Our current risk management and compliance systems may not be able to exhaustively assess or mitigate all risks to which we are exposed from a transaction monitoring perspective.
  • Our services might be used for illegal or improper purposes, such as consumer fraud or money laundering, which could expose us to additional liability.
  • A breach of security in the systems on which we rely could adversely affect our reputation, business, financial condition and results of operations.
  • Our business is particularly dependent on the efficient and uninterrupted operation of our information technology, computer network systems and data centers. Disruptions to these systems and data centers could adversely affect our business, financial condition and results of operations.
  • Weakness in economic conditions, in both the U.S. and international markets, could adversely affect our business, financial condition and results of operations. We are subject to business cycles and other outside factors that may negatively affect our business.
  • If we fail to successfully develop and timely introduce new and enhanced services or if we make substantial investments in an unsuccessful new service or infrastructure change, our business, financial condition and results of operations could be adversely affected.
  • A significant percentage of our banking relationships are concentrated in a few banks.
  • A significant portion of our paying agents are concentrated in a few large banks and financial institutions or large retail chains.
  • Major bank failure or sustained financial market illiquidity, or illiquidity at our clearing, cash management and custodial financial institutions, could adversely affect our business, financial condition and results of operations.
  • Changes in banking industry regulation and practice could make it more difficult for us and our sending agents to maintain depository accounts with banks, which would harm our business.
  • We face credit risks from our sending agents and financial institutions with which we do business.
  • Retaining our chief executive officer and other key executives and finding and retaining qualified personnel is important to our continued success, and any inability to attract and retain such personnel could harm our operations.
  • We and our agents are subject to numerous U.S. and international laws and regulations. Failure to comply with these laws and regulations could result in material settlements, fines or penalties and reputational harm, and changes in these laws or regulations could result in increased operating costs or reduced demand for our services, all of which may adversely affect our business, financial condition and results of operations.
  • Litigation or investigations involving us or our agents could result in material settlements, fines or penalties.
  • We could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act or other similar anti-corruption laws.
  • We conduct money remittance transactions through agents in regions that are politically volatile or, in a limited number of cases, may be subject to certain OFAC restrictions.
  • New business initiatives, such as modifications to our current product offerings or the introduction of new products, may modify our risk profile from a regulatory perspective.
  • Changes in U.S. tax laws could adversely affect our results of operations.
  • Our business and results of operations may be adversely affected by foreign political, economic and social instability risks, foreign currency restrictions and devaluation, and various local laws associated with doing business primarily in LAC countries.
  • If we are unable to adequately protect our brand and the intellectual property rights related to our existing and any new or enhanced services, or if we infringe on the rights of others, our business, financial condition and results of operations could be adversely affected.
  • The processes and systems we employ may be subject to patent protection by other parties, and any claims could adversely affect our business and results of operations.
  • We have a substantial amount of indebtedness, which may limit our operating flexibility and could adversely affect our business, financial condition and results of operations.
  • Our Credit Agreement contains restrictive covenants that may impair our ability to conduct business.
  • As an “emerging growth company,” we cannot be certain if the reduced disclosure requirements applicable to “emerging growth companies” will make our common stock less attractive to investors.
  • Because we have no current plans to pay cash dividends on our common stock for the foreseeable future, you may not receive any return on investment unless you sell your common stock for a price greater than that which you paid for it.
  • Our ability to meet expectations and projections in any research or reports published by securities or industry analysts, or a lack of coverage by securities or industry analysts, could result in a depressed market price and limited liquidity for our common stock.
  • Provisions in our charter and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our common stock and could entrench management.
  • Our charter designates the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us.
  • Because Stella Point controls a significant percentage of our common stock, it may influence our major corporate decisions and its interests may conflict with the interests of other holders of our common stock.
  • Certain of our directors have relationships with Stella Point, which may cause conflicts of interest with respect to our business.
  • We may be subject to securities litigation, which is expensive and could divert management’s attention.
Management Discussion
  • ITEM 7.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) should be read in conjunction with our Consolidated Financial Statements and related Notes included elsewhere in this Annual Report on Form 10-K. This Annual Report on Form 10-K contains forward-looking statements that involve risks and uncertainties. The forward-looking statements are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry, business and future financial results. Our actual results could differ materially from the results contemplated by these forward-looking statements due to a number of factors, including those discussed in other sections of this Annual Report on Form 10-K. See “Special Note Regarding Forward-Looking Statements” for additional factors relating to such statements and see “Risk Factors” included in Item 1A of this Annual Report on Form 10-K. Past operating results are not necessarily indicative of operating results in any future periods.
  • During March 2020, a global pandemic was declared by the World Health Organization related to the rapidly growing outbreak of a novel strain of coronavirus (“COVID-19”). The pandemic has had and continues to have a significant effect on economic conditions in the United States of America (“United States” or “U.S.”), as the efforts of federal, state, local and foreign governments to react to the public health crisis with mitigation measures have created and continue to cause significant uncertainties in the U.S. and global economy. The extent to which the COVID-19 pandemic affects our business, operations and financial results depends, and will continue to depend, on numerous evolving factors that we may not be able to accurately predict such as further government and health authorities restrictions, progress in and effectiveness of vaccination efforts in the United States or in the countries in which we operate and conduct business.
Content analysis
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New words: casualty, Delta, disease, environment, escalation, event, greater, incurrence, inflation, medical, modification, potent, quickly, reborrowed, refinance, refinancing, reimposition, repay, repayment, restated, retention, spent, spike, subsided, talent, unclear, uncommitted, variant, warned, worst
Removed: commenced, strategy