Company: IMXI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001683695-25-000063
Chunk: 133

Company: International Money Express, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 133
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 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 ended March 31, 2024. The decrease in Adjusted EBITDA was primarily due to the decrease in Net Income as discussed above, partially offset by the higher net effect of the adjusting items detailed in the table below.

The following table presents the reconciliation of Net Income, our closest GAAP measure, to Adjusted EBITDA:

Three Months Ended March 31,(in thousands)20252024Net Income$7,769 $12,106 Adjusted for:Interest expense2,700 2,702 Income tax provision3,606 4,778 Depreciation and amortization3,629 3,228 EBITDA17,704 22,814 Share-based compensation (a)2,112 2,153 Restructuring costs (b)306 — Transaction costs (c)1,169 10 Other charges and expenses (d)327 437 Adjusted EBITDA$21,618 $25,414 

(a)Represents share-based compensation relating to equity awards granted primarily to employees and independent directors of the Company.

(b)Represents primarily severance, write-off of assets and