$International Money Express (IMXI.US)$$International Curren...

New data: 2022/Q4 and full year data, 2023Q1, Q2

In 2022, revenue increased by 19.1%, operating profit increased by 24.8%, and net profit increased by 22.4%. Interest expenses account for 6.6% of operating profit and are not burdensome.

Revenue for 2023Q1 increased 26.8%. Operating profit increased by only 10.1% due to the sharp increase in operating expenses, especially management expenses, while net profit increased by only 0.9% due to the sharp increase in interest.

In 2023Q2, revenue increased by 23.5%, net profit decreased by 3.5%, and earnings per share increased by 2.4%.

The balance sheet shows that accounts receivable increased by 62.95 million in 2022, but net profit for the same period was only 57.33 million. Net profit content was too small. At the same time, accounts receivable accounted for 24% of revenue for the same period, which is already close to an unhealthy range.

Borrowing may have surged from $79 million to $150 million in 2022 to address cash flow issues, but it has already fallen back to $94 million in 2023Q1.

Currently, the price-earnings ratio is 12.9, and the price-earnings ratio has dropped slightly to 12.75. Considering that long-term loans have begun to decline, the interest burden should gradually decrease, and the profit growth rate should be raised. After all, revenue is still growing rapidly, and the current price can increase positions appropriately (⭐️⭐️)