Company: IMXI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001683695-25-000063
Chunk: 103

Company: International Money Express, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 103
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 of $0.08, or 18.2%, compared to $0.44 for the three months ended March 31, 2024. The decrease in Adjusted Earnings per Share - Basic was primarily due to the decrease in Net Income, partially offset by the effect of a lower weighted average common shares total for the period due to stock repurchases as well as the higher net effect of the adjusting items detailed in the table above.

Adjusted Earnings per Share - Diluted for the three months ended March 31, 2025 was $0.35, representing a decrease of $0.08, or 18.6%, compared to $0.43 for the three months ended March 31, 2024. The decrease in Adjusted Earnings per Share - Diluted was 

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primarily due to the decrease in Net Income, partially offset by the effect of a lower weighted average common shares total for the period due to stock repurchases as well as the higher net effect of the adjusting items detailed in the table above.

The following table presents the reconciliation of Earnings per Share, our closest GAAP measure, to Adjusted Earnings per Share:

Three Months Ended March 31,20252024BasicDilutedBasicDilutedEarnings per Share$0.25 $0.25 $0.36 $0.35 Adjusted for:Share-based compensation0.07 0.07 0.06 0.06 Restructuring costs0.01 0.01 — — Transaction costs0.04 0.04 NMNMOther charges and expenses0.01 0.01 0.01 0.01 Amortization of intangibles0.02 0.02 0.03 0.03 Income tax benefit related to adjustments(0.05)(0.05)(0.03)(0.03)Adjusted Earnings per Share$0.36 $0.35 $0.44 $0.43 

NM - Per share amounts are not meaningful.

The table above may contain slight summation differences due to rounding.

Adjusted EBITDA

Adjusted EBITDA (previously defined and used as described above) for the three months ended March 31, 2025 was $21.6 million, representing a decrease of $3.8 million, or 15.0%, from $25.4 million for the three months