The following is a summary of the International Money Express, Inc. (IMXI) Q3 2024 Earnings Call Transcript:

Financial Performance:

• International Money Express reported a total revenue of $171.9 million.

• GAAP EPS for Q3 was $0.53, up 29.3% year-over-year.

• Adjusted EBITDA reached an all-time high of $33.9 million, growing 7% year-over-year.

• Adjusted EPS was reported at $0.61, reflecting a 19.6% increase.

• Net free cash flow generated during the quarter was $17.6 million.

Business Progress:

• Expanded digital channels are now showing a higher gross profit per transaction than retail channels.

• Expanded send capabilities to over 90 destinations, enhancing global service reach.

• Significant investment into digital channels and new business lines are planned moving forward.

• Streamlined operations and reduced costs.

• Integration of La Nacional and i-Transfer acquisitions is on track.

Opportunities:

• Potential strategic initiatives include exploring options like a private transaction sale.

• Ongoing expansion in digital channel offerings and moving into European markets like the UK.

• Continued emphasis on omni-channel growth and capitalizing on the digital remittance boom.

Risks:

• Encountered headwinds such as slower market growth and economic shifts contributing pressure on retail segments.

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