International Money Express, Inc(NASDAQ:IMXI)

International Money Express, Inc., through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. The company offers remittance services, which include a suite of ancillary financial processin...
Website: http://www.intermexonline.com
Founded: 2015
Full Time Employees: 786
Sector: Technology
Industry: Information Technology Services
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At a glance:
Bull Thesis:
Bear Thesis:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
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revenues: | ||||||||||||||||||||||||||||||||||||
wire transfer and money order fees | 99,752,000 | 121,223,000 | 127,795,000 | 132,970,000 | 120,167,000 | 137,443,000 | 144,600,000 | 145,837,000 | 126,921,000 | 145,185,000 | 147,387,000 | 144,518,000 | 124,450,000 | 132,822,000 | 120,718,000 | 117,622,000 | 98,000,000 | 108,832,000 | 104,191,000 | 99,306,000 | 80,912,000 | 85,375,000 | 82,646,000 | 72,793,000 | 67,095,000 | 71,671,000 | 72,468,000 | 70,490,000 | 58,451,000 | 61,331,837 | ||||||
foreign exchange gain | 16,320,000 | 21,020,000 | 22,278,000 | 23,681,000 | 20,181,000 | 21,844,000 | 23,954,000 | 22,800,000 | 20,346,000 | 23,669,000 | 22,688,000 | 22,382,000 | 19,168,000 | 20,201,000 | 18,851,000 | 18,195,000 | 15,674,000 | 17,485,000 | 15,643,000 | 16,655,000 | 13,049,000 | 13,253,000 | 12,296,000 | 11,660,000 | 9,554,000 | 10,971,000 | 12,272,000 | |||||||||
other income | 5,880,000 | 5,169,000 | 4,848,000 | 4,482,000 | 3,962,000 | 5,472,000 | 3,393,000 | 2,894,000 | 3,145,000 | 2,929,000 | 2,362,000 | 2,250,000 | 1,746,000 | 1,414,000 | 1,198,000 | 1,118,000 | 992,000 | 858,000 | 873,000 | 786,000 | 616,000 | 674,000 | 652,000 | 609,000 | 602,000 | 600,000 | 594,000 | 562,000 | 496,000 | 479,461 | ||||||
total revenues | 121,952,000 | 147,412,000 | 154,921,000 | 161,133,000 | 144,310,000 | 164,759,000 | 171,947,000 | 171,531,000 | 150,412,000 | 171,783,000 | 172,437,000 | 169,150,000 | 145,364,000 | 154,437,000 | 140,767,000 | 136,935,000 | 114,666,000 | 127,175,000 | 120,707,000 | 116,747,000 | 94,577,000 | 99,302,000 | 95,594,000 | 85,062,000 | 77,251,000 | 83,242,000 | 85,334,000 | 82,675,000 | 68,349,000 | 72,508,466 | ||||||
yoy | -15.49% | -10.53% | -9.90% | -6.06% | -4.06% | -4.09% | -0.28% | 1.41% | 3.47% | 11.23% | 22.50% | 23.53% | 26.77% | 21.44% | 16.62% | 17.29% | 21.24% | 28.07% | 26.27% | 37.25% | 22.43% | 19.29% | 12.02% | 2.89% | 13.02% | 17.69% | ||||||||||
qoq | -17.27% | -4.85% | -3.86% | 11.66% | -12.41% | -4.18% | 0.24% | 14.04% | -12.44% | -0.38% | 1.94% | 16.36% | -5.87% | 9.71% | 2.80% | 19.42% | -9.84% | 5.36% | 3.39% | 23.44% | -4.76% | 3.88% | 12.38% | 10.11% | -7.20% | -2.45% | 3.22% | 20.96% | ||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||
service charges from agents and banks | 79,091,000 | 94,185,000 | 98,636,000 | 102,257,000 | 93,788,000 | 106,317,000 | 111,348,000 | 113,369,000 | 97,934,000 | 110,882,000 | 112,871,000 | 110,996,000 | 96,117,000 | 102,087,000 | 93,658,000 | 92,066,000 | 76,993,000 | 84,804,000 | 81,416,000 | 77,864,000 | 63,372,000 | 66,194,000 | 63,904,000 | 56,271,000 | 52,227,000 | 56,160,000 | 56,319,000 | 54,622,000 | 45,569,000 | 48,305,007 | ||||||
salaries and benefits | 18,890,000 | 18,522,000 | 19,701,000 | 18,525,000 | 18,288,000 | 16,010,000 | 17,238,000 | 16,893,000 | 18,106,000 | 18,675,000 | 18,607,000 | 17,640,000 | 16,168,000 | 15,313,000 | 13,853,000 | 11,748,000 | 11,310,000 | 12,156,000 | 10,859,000 | 10,175,000 | 9,875,000 | 10,319,000 | 8,084,000 | 7,069,000 | 7,359,000 | 7,899,000 | 7,612,000 | 7,597,000 | 7,597,000 | 10,959,507 | ||||||
other selling, general and administrative expenses | 11,555,000 | 13,257,000 | 14,132,000 | 12,354,000 | 10,989,000 | 11,926,000 | 12,127,000 | 12,283,000 | 11,558,000 | 10,769,000 | 13,235,000 | 12,637,000 | 11,337,000 | 9,430,000 | 10,232,000 | 7,663,000 | 7,069,000 | 8,791,000 | 9,966,000 | 7,079,000 | 5,505,000 | 5,259,000 | 6,336,000 | 5,155,000 | 5,337,000 | 6,245,000 | 9,788,000 | 5,337,000 | 5,723,000 | 5,206,932 | ||||||
provision for credit losses | 2,891,000 | 1,838,000 | 2,154,000 | 1,858,000 | 2,066,000 | |||||||||||||||||||||||||||||||
restructuring costs | 436,000 | 306,000 | 322,000 | 27,000 | 2,711,000 | |||||||||||||||||||||||||||||||
transaction costs | 1,166,000 | 1,718,000 | 5,353,000 | 2,224,000 | 1,169,000 | 6,304,972 | ||||||||||||||||||||||||||||||
depreciation and amortization | 4,685,000 | 4,668,000 | 4,410,000 | 4,454,000 | 3,629,000 | 3,664,000 | 3,382,000 | 3,371,000 | 3,228,000 | 3,355,000 | 3,472,000 | 3,135,000 | 2,903,000 | 2,758,000 | 2,278,000 | 2,251,000 | 2,183,000 | 2,450,000 | 2,362,000 | 2,345,000 | 2,335,000 | 2,749,000 | 2,698,000 | 2,691,000 | 2,690,000 | 3,203,000 | 3,179,000 | 3,155,000 | 3,152,000 | 4,142,139 | ||||||
total operating expenses | 118,278,000 | 135,833,000 | 144,386,000 | 141,672,000 | 130,235,000 | 140,058,000 | 144,122,000 | 148,627,000 | 130,826,000 | 144,126,000 | 148,185,000 | 144,408,000 | 126,525,000 | 132,593,000 | 120,021,000 | 113,728,000 | 97,555,000 | 108,201,000 | 104,603,000 | 97,463,000 | 81,087,000 | 84,521,000 | 81,022,000 | 71,186,000 | 67,613,000 | 73,507,000 | 76,898,000 | 70,711,000 | 62,041,000 | 74,918,557 | ||||||
operating income | 3,674,000 | 11,579,000 | 10,535,000 | 19,461,000 | 14,075,000 | 24,701,000 | 27,825,000 | 22,904,000 | 19,586,000 | 27,657,000 | 24,252,000 | 24,742,000 | 18,839,000 | 21,844,000 | 20,746,000 | 23,207,000 | 17,111,000 | 18,974,000 | 16,104,000 | 19,284,000 | 13,490,000 | 14,781,000 | 14,572,000 | 13,876,000 | 9,638,000 | 9,735,000 | 8,436,000 | 11,964,000 | 6,308,000 | -2,410,091 | ||||||
yoy | -73.90% | -53.12% | -62.14% | -15.03% | -28.14% | -10.69% | 14.73% | -7.43% | 3.97% | 26.61% | 16.90% | 6.61% | 10.10% | 15.13% | 28.83% | 20.34% | 26.84% | 28.37% | 10.51% | 38.97% | 39.97% | 51.83% | 72.74% | 15.98% | 52.79% | -450.03% | ||||||||||
qoq | -68.27% | 9.91% | -45.87% | 38.27% | -43.02% | -11.23% | 21.49% | 16.94% | -29.18% | 14.04% | -1.98% | 31.33% | -13.76% | 5.29% | -10.60% | 35.63% | -9.82% | 17.82% | -16.49% | 42.95% | -8.73% | 1.43% | 5.02% | 43.97% | -1.00% | 15.40% | -29.49% | 89.66% | ||||||||
operating margin % | 3.01% | 7.85% | 6.80% | 12.08% | 9.75% | 14.99% | 16.18% | 13.35% | 13.02% | 16.10% | 14.06% | 14.63% | 12.96% | 14.14% | 14.74% | 16.95% | 14.92% | 14.92% | 13.34% | 16.52% | 14.26% | 14.88% | 15.24% | 16.31% | 12.48% | 11.69% | 9.89% | 14.47% | 9.23% | NaN% | -3.32% | NaN% | NaN% | NaN% | NaN% | NaN% |
interest expense | 2,208,000 | 3,062,000 | 2,981,000 | 3,093,000 | 2,700,000 | 2,748,000 | 3,200,000 | 3,095,000 | 2,702,000 | 2,783,000 | 2,801,000 | 2,651,000 | 2,192,000 | 2,099,000 | 1,466,000 | 1,112,000 | 952,000 | 975,000 | 968,000 | 1,254,000 | 1,339,000 | 1,533,000 | 1,530,000 | 1,633,000 | 1,870,000 | 2,007,000 | 2,145,000 | 2,288,000 | 2,071,000 | 3,433,731 | ||||||
income before income taxes | 1,466,000 | 11,803,000 | 7,554,000 | 16,368,000 | 11,375,000 | 21,953,000 | 24,625,000 | 19,809,000 | 16,884,000 | 24,874,000 | 21,451,000 | 22,091,000 | 16,647,000 | 19,745,000 | 19,280,000 | 22,095,000 | 16,159,000 | 17,999,000 | 15,136,000 | 18,030,000 | 12,151,000 | 13,248,000 | 13,042,000 | 12,243,000 | 7,768,000 | 7,728,000 | 6,291,000 | 9,676,000 | 4,237,000 | -5,843,822 | ||||||
income tax provision | 955,000 | 2,871,000 | 2,591,000 | 5,361,000 | 3,606,000 | 6,568,000 | 7,328,000 | 5,776,000 | 4,778,000 | 7,375,000 | 6,619,000 | 6,669,000 | 4,885,000 | 6,678,000 | 2,654,000 | 6,111,000 | 4,505,000 | 4,867,000 | 3,629,000 | 4,803,000 | 3,174,000 | 3,628,000 | 3,544,000 | 3,265,000 | 2,080,000 | 2,387,000 | 2,253,000 | 2,602,000 | 1,081,000 | 7,569,174 | ||||||
net income | 511,000 | 8,932,000 | 4,963,000 | 11,007,000 | 7,769,000 | 15,385,000 | 17,297,000 | 14,033,000 | 12,106,000 | 17,499,000 | 14,832,000 | 15,422,000 | 11,762,000 | 13,067,000 | 16,626,000 | 15,984,000 | 11,654,000 | 13,132,000 | 11,507,000 | 13,227,000 | 8,977,000 | 9,620,000 | 9,498,000 | 8,978,000 | 5,688,000 | 5,341,000 | 4,038,000 | 7,074,000 | 3,156,000 | -13,412,996 | -29,241 | -284,270 | 139,068 | 124,945 | -165,090 | |
yoy | -93.42% | -41.94% | -71.31% | -21.56% | -35.83% | -12.08% | 16.62% | -9.01% | 2.92% | 33.92% | -10.79% | -3.52% | 0.93% | -0.49% | 44.49% | 20.84% | 29.82% | 36.51% | 21.15% | 47.33% | 57.82% | 80.12% | 135.22% | 26.92% | 80.23% | -130.11% | -24292.06% | -1210.21% | -10835.12% | -82.29% | ||||||
qoq | -94.28% | 79.97% | -54.91% | 41.68% | -49.50% | -11.05% | 23.26% | 15.92% | -30.82% | 17.98% | -3.83% | 31.12% | -9.99% | -21.41% | 4.02% | 37.15% | -11.25% | 14.12% | -13.00% | 47.34% | -6.68% | 1.28% | 5.79% | 57.84% | 6.50% | 32.27% | -42.92% | 124.14% | 45770.51% | -89.71% | -304.41% | 11.30% | -175.68% | |||
net income margin % | 0.42% | 6.06% | 3.20% | 6.83% | 5.38% | 9.34% | 10.06% | 8.18% | 8.05% | 10.19% | 8.60% | 9.12% | 8.09% | 8.46% | 11.81% | 11.67% | 10.16% | 10.33% | 9.53% | 11.33% | 9.49% | 9.69% | 9.94% | 10.55% | 7.36% | 6.42% | 4.73% | 8.56% | 4.62% | NaN% | -18.50% | -Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% |
other comprehensive income | -471,000 | 126,000 | -160,000 | 1,236,000 | 348,000 | -1,123,000 | -66,000 | -375,000 | -145,000 | 262,000 | -214,000 | 175,000 | 182,000 | -101,000 | 112,000 | 76,000 | -151,000 | 16,000 | 21,000 | 14,000 | 3,000 | -144,000 | 61,000 | -9,000 | 35,000 | 8,000 | 22,452 | |||||||||
comprehensive income | 40,000 | 9,058,000 | 4,803,000 | 12,243,000 | 8,117,000 | 14,262,000 | 17,231,000 | 13,658,000 | 11,961,000 | 17,761,000 | 14,618,000 | 15,597,000 | 11,944,000 | 13,140,000 | 16,476,000 | 15,883,000 | 11,766,000 | 13,208,000 | 11,356,000 | 13,243,000 | 8,973,000 | 9,641,000 | 9,512,000 | 8,981,000 | 5,544,000 | 5,402,000 | 4,029,000 | 7,109,000 | 3,164,000 | |||||||
earnings per common share: | ||||||||||||||||||||||||||||||||||||
basic | 20 | 300 | 170 | 370 | 250 | 490 | 530 | 430 | 360 | 500 | 420 | 430 | 320 | 360 | 440 | 420 | 340 | 300 | 340 | 250 | 250 | |||||||||||||||
diluted | 20 | 290 | 170 | 370 | 250 | 490 | 530 | 420 | 350 | 490 | 410 | 420 | 310 | 340 | 430 | 410 | 340 | 290 | 340 | 250 | 250 | |||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||||||
basic | 29,858,890,000 | 29,938,268,000 | 29,616,788,000 | 29,843,687,000 | 30,587,949,000 | 32,430,755,000 | 32,366,831,000 | 32,698,951,000 | 33,675,441,000 | 35,604,582,000 | 35,320,809,000 | 36,001,670,000 | 36,480,972,000 | 37,733,047,000 | 37,390,632,000 | 38,257,156,000 | 38,362,014,000 | 38,474,040,000 | 38,647,931,000 | 38,433,748,000 | 38,239,130,000 | 38,060,290,000 | 38,050,610,000 | 38,035,279,000 | 38,035,014,000 | 37,428,345,000 | 37,984,316,000 | 37,505,598,000 | 36,182,783,000 | 7,766,107 | 7,778,601 | |||||
diluted | 30,382,817,000 | 30,181,194,000 | 29,816,620,000 | 29,912,615,000 | 30,831,633,000 | 32,850,497,000 | 32,732,465,000 | 33,090,806,000 | 34,188,814,000 | 36,429,714,000 | 36,082,163,000 | 36,871,674,000 | 37,361,953,000 | 38,625,390,000 | 38,425,868,000 | 39,228,991,000 | 39,077,665,000 | 39,103,450,000 | 39,336,051,000 | 39,027,414,000 | 38,846,906,000 | 38,358,171,000 | 38,652,707,000 | 38,047,792,000 | 38,038,674,000 | 37,594,158,000 | 38,286,702,000 | 37,594,151,000 | 36,195,463,000 | 23,893,333 | 21,321,280 | |||||
other comprehensive loss | 73,000 | -150,000 | -4,000 | |||||||||||||||||||||||||||||||||
earnings per common share: | ||||||||||||||||||||||||||||||||||||
basic and diluted | 300 | 230 | 240 | 150 | ||||||||||||||||||||||||||||||||
income per common share: | ||||||||||||||||||||||||||||||||||||
basic and diluted | 95 | 190 | 90 | |||||||||||||||||||||||||||||||||
foreign exchange | 11,623,000 | 9,402,000 | 10,697,168 | |||||||||||||||||||||||||||||||||
comprehensive loss | -13,390,544 | |||||||||||||||||||||||||||||||||||
loss per common share: | ||||||||||||||||||||||||||||||||||||
basic and diluted | -0.43 | |||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||||||||
basic and diluted | 25,484,386,000 | 30,975,338 | 7,780,627 | |||||||||||||||||||||||||||||||||
operating costs | 413,173 | 636,953 | 162,040 | 106,063 | 226,756 | |||||||||||||||||||||||||||||||
income from operations | -413,173 | -123,714.75 | -162,040 | -106,063 | -226,756 | |||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||
interest income | 484,669 | 524,831 | 456,224 | 340,465 | 61,666 | |||||||||||||||||||||||||||||||
income before taxes | 71,496 | 90,874 | 294,184 | 234,402 | ||||||||||||||||||||||||||||||||
provision for income taxes | -100,737 | -172,148 | -155,116 | -109,457 | ||||||||||||||||||||||||||||||||
weighted-average shares outstanding | ||||||||||||||||||||||||||||||||||||
basic and diluted | 25,484,386,000 | 30,975,338 | 7,780,627 | |||||||||||||||||||||||||||||||||
net loss per common share | ||||||||||||||||||||||||||||||||||||
basic and diluted | ||||||||||||||||||||||||||||||||||||
assets | ||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||
cash | 74,873 | |||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 49,428 | |||||||||||||||||||||||||||||||||||
total current assets | 124,301 | 219,985 | 319,974 | |||||||||||||||||||||||||||||||||
cash and marketable securities held in trust account | 175,858,355 | 175,402,131 | 175,061,666 | |||||||||||||||||||||||||||||||||
deferred offering costs | ||||||||||||||||||||||||||||||||||||
total assets | 175,982,656 | 175,622,116 | 175,381,640 | |||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||
accrued expenses | 91,745 | 25,389 | 19,315 | |||||||||||||||||||||||||||||||||
income taxes payable | 264,573 | 109,457 | ||||||||||||||||||||||||||||||||||
accrued offering costs | ||||||||||||||||||||||||||||||||||||
promissory note – related party | ||||||||||||||||||||||||||||||||||||
total current liabilities | 356,318 | 134,846 | 19,315 | |||||||||||||||||||||||||||||||||
deferred underwriting fees | 9,190,000 | 9,190,000 | 9,190,000 | |||||||||||||||||||||||||||||||||
deferred legal fees payable | 25,000 | 25,000 | 25,000 | |||||||||||||||||||||||||||||||||
total liabilities | 9,571,318 | 9,349,846 | 9,234,315 | |||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||
common stock subject to possible redemption, 0.0001 par value; 16,141,133 and -0- shares | 161,411,330 | |||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value; 5,000,000 authorized, none issued and outstanding | ||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value; 35,000,000 shares authorized; 7,752,200 and 5,298,333 shares issued and outstanding (excluding 16,141,133 and -0- shares subject to possible redemption) as of september 30, 2017 and december 31, 2016, respectively | 775 | |||||||||||||||||||||||||||||||||||
additional paid-in capital | 4,904,118 | 5,043,186 | 5,168,121 | |||||||||||||||||||||||||||||||||
retained earnings | 95,115 | |||||||||||||||||||||||||||||||||||
total stockholders’ equity | 5,000,008 | 5,000,010 | 5,000,001 | |||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 175,982,656 | 175,622,116 | 175,381,640 | |||||||||||||||||||||||||||||||||
weighted-average shares outstanding | ||||||||||||||||||||||||||||||||||||
basic | 29,858,890,000 | 29,938,268,000 | 29,616,788,000 | 29,843,687,000 | 30,587,949,000 | 32,430,755,000 | 32,366,831,000 | 32,698,951,000 | 33,675,441,000 | 35,604,582,000 | 35,320,809,000 | 36,001,670,000 | 36,480,972,000 | 37,733,047,000 | 37,390,632,000 | 38,257,156,000 | 38,362,014,000 | 38,474,040,000 | 38,647,931,000 | 38,433,748,000 | 38,239,130,000 | 38,060,290,000 | 38,050,610,000 | 38,035,279,000 | 38,035,014,000 | 37,428,345,000 | 37,984,316,000 | 37,505,598,000 | 36,182,783,000 | 7,766,107 | 7,778,601 | |||||
diluted | 30,382,817,000 | 30,181,194,000 | 29,816,620,000 | 29,912,615,000 | 30,831,633,000 | 32,850,497,000 | 32,732,465,000 | 33,090,806,000 | 34,188,814,000 | 36,429,714,000 | 36,082,163,000 | 36,871,674,000 | 37,361,953,000 | 38,625,390,000 | 38,425,868,000 | 39,228,991,000 | 39,077,665,000 | 39,103,450,000 | 39,336,051,000 | 39,027,414,000 | 38,846,906,000 | 38,358,171,000 | 38,652,707,000 | 38,047,792,000 | 38,038,674,000 | 37,594,158,000 | 38,286,702,000 | 37,594,151,000 | 36,195,463,000 | 23,893,333 | 21,321,280 | |||||
net income per common share | ||||||||||||||||||||||||||||||||||||
basic | 0.003 | 0.02 | 0.02 | |||||||||||||||||||||||||||||||||
diluted | 0.01 | 0.01 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents | 163,746 | 233,184 | ||||||||||||||||||||||||||||||||||
prepaid and other current assets | 56,239 | 86,790 | ||||||||||||||||||||||||||||||||||
common stock subject to possible redemption, 0.0001 par value; 16,127,226 and -0- shares at redemption value as of june 30, 2017 and december 31, 2016, respectively | 161,272,260 | |||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value; 35,000,000 shares authorized; 7,766,107 and 5,298,333 shares issued and outstanding (excluding 16,127,226 and -0- shares subject to possible redemption) as of june 30, 2017 and december 31, 2016, respectively | 777 | |||||||||||||||||||||||||||||||||||
accumulated deficit | -43,953 | -168,898 | ||||||||||||||||||||||||||||||||||
common stock subject to possible redemption, 0.0001 par value; 16,114,732 and -0- shares at redemption value as of march 31, 2017 and december 31, 2016, respectively | 161,147,324 | |||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value; 35,000,000 shares authorized; 7,778,601 and 5,298,333 shares issued and outstanding (excluding 16,114,732 and -0- shares subject to possible redemption) as of march 31, 2017 and december 31, 2016, respectively | 778 | |||||||||||||||||||||||||||||||||||
weighted-average shares outstanding, basic and diluted | 7,070,173 | |||||||||||||||||||||||||||||||||||
basic and diluted net loss per common share | -0.02 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||
cash and cash equivalents | 170,324,000 | 168,682,000 | 151,589,000 | 174,723,000 | 151,764,000 | 130,503,000 | 156,611,000 | 233,209,000 | 218,795,000 | 239,203,000 | 222,447,000 | 147,372,000 | 85,453,000 | 149,493,000 | ||||||||||||||||||||
accounts receivable | 106,278,000 | 105,369,000 | 119,218,000 | 141,651,000 | 131,026,000 | 107,077,000 | 126,296,000 | 199,511,000 | 149,054,000 | 155,237,000 | 163,007,000 | 123,700,000 | 102,596,000 | 129,808,000 | 100,061,000 | 97,154,000 | 86,435,000 | 67,317,000 | 97,406,000 | 70,540,000 | 66,789,000 | 55,017,000 | 59,962,000 | 60,023,000 | 38,156,000 | 39,754,000 | 53,763,000 | 93,029,000 | 86,664,000 | 35,795,000 | 80,923,807 | |||
prepaid wires | 106,532,000 | 59,497,000 | 23,199,000 | 23,713,000 | 32,577,000 | 49,205,000 | 32,103,000 | 19,681,000 | 23,985,000 | 28,366,000 | 84,147,000 | 119,169,000 | 106,878,000 | 90,386,000 | 104,114,000 | 56,818,000 | 15,264,000 | 56,766,000 | 14,355,000 | 14,457,000 | 89,127,000 | 53,281,000 | 8,983,000 | 5,460,000 | 7,912,000 | 18,201,000 | 9,382,000 | 8,890,000 | 7,293,000 | 26,655,000 | 5,119,778 | |||
prepaid expenses and other current assets | 19,238,000 | 19,611,000 | 17,218,000 | 11,098,000 | 10,561,000 | 10,998,000 | 10,831,000 | 10,263,000 | 9,916,000 | 10,068,000 | 12,730,000 | 12,320,000 | 9,482,000 | 12,749,000 | 8,906,000 | 5,686,000 | 6,284,000 | 6,988,000 | 6,369,000 | 4,985,000 | 3,588,000 | 3,521,000 | 2,685,000 | 2,536,000 | 2,908,000 | 4,155,000 | 110,694 | 139,094 | 13,560 | |||||
total current assets | 402,372,000 | 353,159,000 | 311,224,000 | 351,185,000 | 325,928,000 | 297,783,000 | 325,841,000 | 462,664,000 | 401,750,000 | 432,874,000 | 482,331,000 | 402,561,000 | 304,409,000 | 382,436,000 | 318,133,000 | 274,258,000 | 265,220,000 | 263,545,000 | 243,262,000 | 229,698,000 | 214,591,000 | 186,726,000 | 180,697,000 | 170,004,000 | 150,814,000 | 148,227,000 | 159,601,000 | 211,063,000 | 180,746,000 | 138,650,000 | 172,006,107 | 162,353 | 198,601 | 376,141 |
property and equipment | 58,597,000 | 57,149,000 | 56,633,000 | 53,975,000 | 52,603,000 | 50,354,000 | 49,497,000 | 46,182,000 | 42,532,000 | 31,656,000 | 28,967,000 | 28,670,000 | 28,173,000 | 28,160,000 | 22,614,000 | 21,698,000 | 20,918,000 | 17,905,000 | 14,051,000 | 13,937,000 | 13,831,000 | 13,021,000 | 12,770,000 | 12,735,000 | 13,055,000 | 13,282,000 | 11,550,000 | 11,071,000 | 10,727,000 | 10,393,000 | 9,525,295 | |||
goodwill | 53,986,000 | 53,986,000 | 55,195,000 | 55,195,000 | 55,195,000 | 55,195,000 | 55,195,000 | 53,986,000 | 53,986,000 | 53,986,000 | 53,814,000 | 53,487,000 | 48,640,000 | 49,774,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,260,000 | 36,259,666 | |||
intangible assets | 24,372,000 | 25,404,000 | 26,576,000 | 26,905,000 | 26,058,000 | 26,847,000 | 15,677,000 | 16,136,000 | 17,130,000 | 18,143,000 | 19,358,000 | 20,622,000 | 18,666,000 | 19,826,000 | 12,599,000 | 13,607,000 | 14,390,000 | 15,392,000 | 16,560,000 | 17,850,000 | 19,140,000 | 20,430,000 | 22,168,000 | 23,905,000 | 25,642,000 | 27,381,000 | 29,720,000 | 32,058,000 | 34,310,000 | 36,395,000 | 39,389,769 | |||
other assets | 26,615,000 | 27,993,000 | 29,104,000 | 29,628,000 | 30,787,000 | 32,198,000 | 34,262,000 | 32,706,000 | 33,304,000 | 40,153,000 | 35,121,000 | 34,461,000 | 30,910,000 | 31,876,000 | 9,295,000 | 12,798,000 | 12,900,000 | 7,434,000 | 7,973,000 | 4,678,000 | 2,981,000 | 3,036,000 | 2,328,000 | 1,954,000 | 1,388,000 | 1,415,000 | 1,744,000 | 1,993,000 | 2,193,000 | 1,874,000 | 639,119 | |||
total assets | 565,942,000 | 517,691,000 | 478,732,000 | 518,015,000 | 490,589,000 | 462,377,000 | 480,923,000 | 612,399,000 | 548,702,000 | 576,812,000 | 619,591,000 | 539,801,000 | 430,798,000 | 512,072,000 | 398,901,000 | 358,621,000 | 349,688,000 | 340,536,000 | 318,106,000 | 302,423,000 | 286,803,000 | 259,473,000 | 254,223,000 | 244,941,000 | 227,518,000 | 227,306,000 | 240,907,000 | 294,377,000 | 267,053,000 | 225,839,000 | 257,819,956 | 176,580,539 | 176,029,494 | 176,259,327 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||
accounts payable | 15,380,000 | 15,317,000 | 18,328,000 | 26,267,000 | 23,410,000 | 19,520,000 | 29,618,000 | 38,402,000 | 40,294,000 | 36,507,000 | 33,283,000 | 21,658,000 | 21,281,000 | 25,686,000 | 22,464,000 | 15,375,000 | 17,219,000 | 23,151,000 | 13,696,000 | 14,009,000 | 11,181,000 | 12,771,000 | 9,890,000 | 9,560,000 | 10,298,000 | 13,401,000 | 14,100,000 | 14,451,000 | 14,234,000 | 11,438,000 | 14,060,179 | |||
wire transfers and money orders payable | 84,101,000 | 87,540,000 | 93,416,000 | 144,196,000 | 115,081,000 | 85,044,000 | 105,719,000 | 152,065,000 | 137,137,000 | 125,042,000 | 159,858,000 | 106,271,000 | 91,923,000 | 112,251,000 | 74,444,000 | 61,878,000 | 59,694,000 | 56,066,000 | 59,520,000 | 54,982,000 | 41,967,000 | 41,746,000 | 48,189,000 | 47,712,000 | 39,878,000 | 40,197,000 | 57,339,000 | 83,780,000 | 86,995,000 | 36,311,000 | 78,152,404 | |||
accrued and other liabilities | 42,353,000 | 38,100,000 | 41,758,000 | 45,023,000 | 47,977,000 | 47,434,000 | 45,553,000 | 47,655,000 | 53,477,000 | 54,661,000 | 44,270,000 | 41,959,000 | 37,698,000 | 41,855,000 | 32,223,000 | 35,792,000 | 32,937,000 | 33,760,000 | 27,108,000 | 25,822,000 | 26,682,000 | 22,380,000 | 24,086,000 | 24,628,000 | 22,207,000 | 23,074,000 | 24,061,000 | 19,275,000 | 17,298,000 | |||||
total current liabilities | 141,834,000 | 140,957,000 | 153,502,000 | 215,486,000 | 186,468,000 | 151,998,000 | 180,890,000 | 246,379,000 | 238,618,000 | 223,373,000 | 244,027,000 | 175,957,000 | 156,424,000 | 184,767,000 | 133,560,000 | 116,927,000 | 113,732,000 | 116,859,000 | 104,206,000 | 98,695,000 | 87,512,000 | 83,941,000 | 89,209,000 | 88,944,000 | 79,427,000 | 83,716,000 | 101,905,000 | 123,273,000 | 123,025,000 | 68,040,000 | 110,309,271 | 1,318,157 | 716,667 | 917,259 |
long-term liabilities: | ||||||||||||||||||||||||||||||||||
debt | 240,814,000 | 194,825,000 | 157,929,000 | 144,132,000 | 147,385,000 | 156,623,000 | 138,228,000 | 202,944,000 | 150,508,000 | 181,073,000 | 193,137,000 | 187,201,000 | 93,718,000 | 150,235,000 | 118,753,000 | 77,270,000 | 78,240,000 | 80,181,000 | 81,152,000 | 93,179,000 | 80,579,000 | 82,340,000 | 84,101,000 | 85,862,000 | 87,623,000 | 89,383,000 | 126,144,000 | 96,780,000 | 113,326,000 | 104,423,502 | ||||
lease liabilities | 15,359,000 | 15,483,000 | 16,995,000 | 16,144,000 | 17,493,000 | 18,582,000 | 19,960,000 | 20,661,000 | 21,190,000 | 22,670,000 | 22,465,000 | 22,918,000 | 21,872,000 | 23,272,000 | 1,525,000 | 3,130,000 | 3,505,000 | |||||||||||||||||
deferred tax liability | 5,243,000 | 5,372,000 | 618,000 | 250,000 | 158,000 | 659,000 | 2,324,000 | 2,900,000 | 2,931,000 | 3,892,000 | 50,000 | 1,096,000 | 1,477,000 | 1,426,000 | 1,365,000 | 1,400,000 | 5,157,019 | |||||||||||||||||
total long-term liabilities | 261,416,000 | 215,680,000 | 175,542,000 | 160,276,000 | 164,878,000 | 175,455,000 | 158,188,000 | 223,605,000 | 171,856,000 | 204,402,000 | 217,926,000 | 213,019,000 | 118,521,000 | 177,399,000 | 120,328,000 | 81,496,000 | 83,222,000 | 80,637,000 | 81,546,000 | 82,552,000 | 93,727,000 | 81,271,000 | 82,911,000 | 84,101,000 | 85,862,000 | 87,623,000 | 89,383,000 | 126,144,000 | ||||||
commitments and contingencies, see note 17 | ||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||
preferred stock 0.0001 par value... | ||||||||||||||||||||||||||||||||||
common stock 0.0001 par value... | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 3,619 | |||
additional paid-in capital | 89,433,000 | 87,835,000 | 85,527,000 | 82,895,000 | 80,775,000 | 79,592,000 | 80,583,000 | 78,066,000 | 76,339,000 | 75,686,000 | 76,404,000 | 74,103,000 | 71,797,000 | 70,210,000 | 68,457,000 | 70,012,000 | 68,431,000 | 66,875,000 | 65,036,000 | 64,009,000 | 61,640,000 | 59,310,000 | 56,793,000 | 56,098,000 | 55,412,000 | 54,694,000 | 53,748,000 | 53,118,000 | 62,515,000 | 61,889,000 | 60,203,431 | 5,268,064 | 5,217,625 | 5,188,385 |
retained earnings | 290,652,000 | 290,141,000 | 281,209,000 | 276,246,000 | 265,239,000 | 257,470,000 | 242,085,000 | 224,788,000 | 210,755,000 | 198,649,000 | 181,150,000 | 166,318,000 | 150,896,000 | 139,134,000 | 126,067,000 | 109,441,000 | 93,457,000 | 81,803,000 | 68,671,000 | 57,164,000 | 43,937,000 | 34,960,000 | 25,340,000 | 15,842,000 | 6,864,000 | 1,176,000 | ||||||||
accumulated other comprehensive income | -367,000 | 104,000 | 138,000 | -1,446,000 | -323,000 | -257,000 | 117,000 | 262,000 | 1,000 | 215,000 | 40,000 | 36,000 | -13,000 | -34,000 | -48,000 | -51,000 | 93,000 | 32,000 | 41,000 | 6,000 | 4,980 | |||||||||||||
treasury stock | -217,030,000 | -217,030,000 | -217,030,000 | -217,030,000 | -205,677,000 | -200,696,000 | -180,504,000 | -160,186,000 | -148,987,000 | -125,564,000 | -99,921,000 | -89,815,000 | -66,884,000 | -59,300,000 | -49,300,000 | -19,194,000 | -9,194,000 | -5,566,000 | -1,205,000 | |||||||||||||||
total stockholders’ equity | 162,692,000 | 161,054,000 | 149,688,000 | 142,253,000 | 139,243,000 | 134,924,000 | 141,845,000 | 142,415,000 | 138,228,000 | 149,037,000 | 157,638,000 | 150,825,000 | 155,853,000 | 149,906,000 | 145,013,000 | 160,198,000 | 152,734,000 | 143,040,000 | 132,354,000 | 121,176,000 | 105,564,000 | 94,261,000 | 44,960,000 | 47,248,000 | 5,000,002 | 5,000,007 | 5,000,008 | |||||||
total liabilities and stockholders’ equity | 565,942,000 | 517,691,000 | 478,732,000 | 518,015,000 | 490,589,000 | 462,377,000 | 480,923,000 | 612,399,000 | 548,702,000 | 576,812,000 | 619,591,000 | 539,801,000 | 430,798,000 | 512,072,000 | 398,901,000 | 358,621,000 | 349,688,000 | 340,536,000 | 318,106,000 | 302,423,000 | 286,803,000 | 259,473,000 | 294,377,000 | 267,053,000 | 176,580,539 | 176,029,494 | 176,259,327 | |||||||
commitments and contingencies, see note 19 | ||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -22,000 | -1,098,000 | -142,000 | -215,000 | -65,000 | -76,000 | -152,000 | -1,000 | -17,000 | -2,000 | ||||||||||||||||||||||||
deferred tax asset | 1,127,000 | 18,000 | 451,000 | 725,000 | 83,000 | 359,000 | 741,000 | 2,032,000 | 1,932,000 | 2,817,000 | 2,267,000 | |||||||||||||||||||||||
current portion of long-term debt | 8,257,000 | 7,710,000 | 7,163,000 | 6,616,000 | 6,069,000 | 5,522,000 | 4,975,000 | 4,429,000 | 3,882,000 | 3,882,000 | 3,882,000 | 3,882,000 | 3,882,000 | 7,682,000 | 7,044,000 | 7,044,000 | 7,044,000 | 7,044,000 | 7,044,000 | 6,405,000 | 5,767,000 | 4,498,000 | 3,936,000 | 4,078,627 | ||||||||||
commitments and contingencies, see note 16 | ||||||||||||||||||||||||||||||||||
commitments and contingencies, see note 18 | ||||||||||||||||||||||||||||||||||
cash | 105,052,000 | 114,600,000 | 157,237,000 | 132,474,000 | 125,132,000 | 139,716,000 | 55,087,000 | 74,907,000 | 109,067,000 | 101,985,000 | 101,838,000 | 86,117,000 | 94,189,000 | 106,884,000 | 84,739,000 | 73,029,000 | 82,490,398 | 51,659 | 59,507 | 362,581 | ||||||||||||||
commitments and contingencies, see note 15 | ||||||||||||||||||||||||||||||||||
long-term debt | 79,211,000 | |||||||||||||||||||||||||||||||||
commitments and contingencies, see note 13 | ||||||||||||||||||||||||||||||||||
deferred tax liabilities | 548,000 | 692,000 | 571,000 | |||||||||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||
total stockholders' equity | 82,103,000 | 71,896,000 | 62,229,000 | 55,967,000 | 49,619,000 | 44,473,000 | 37,930,164 | |||||||||||||||||||||||||||
total liabilities and stockholders' equity | 254,223,000 | 244,941,000 | 227,518,000 | 227,306,000 | 240,907,000 | 225,839,000 | 257,819,956 | |||||||||||||||||||||||||||
commitments and contingencies, see note 12 | ||||||||||||||||||||||||||||||||||
other prepaid expenses and current assets | 2,267,000 | 2,260,000 | 2,050,000 | 3,171,000 | 3,472,124 | |||||||||||||||||||||||||||||
accumulated deficit | -4,165,000 | -8,203,000 | -15,277,000 | -17,418,000 | -22,281,866 | -268,841 | -218,396 | -189,155 | ||||||||||||||||||||||||||
long term liabilities: | ||||||||||||||||||||||||||||||||||
total long term liabilities | 96,780,000 | 113,326,000 | 109,580,521 | |||||||||||||||||||||||||||||||
accrued and other | 16,355,000 | 14,018,061 | ||||||||||||||||||||||||||||||||
commitments and contingencies, see note 14 | ||||||||||||||||||||||||||||||||||
commitments and contingencies, see note 11 | ||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||
cash and held-to-maturity securities held in trust account | 176,418,186 | |||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||
accrued expenses | 747,805 | 484,209 | 480,538 | |||||||||||||||||||||||||||||||
income taxes payable | 180,352 | 117,458 | 436,721 | |||||||||||||||||||||||||||||||
advances from related party | 275,000 | |||||||||||||||||||||||||||||||||
promissory note – related party | 115,000 | 115,000 | ||||||||||||||||||||||||||||||||
deferred underwriting fees | 9,190,000 | 9,190,000 | 9,190,000 | |||||||||||||||||||||||||||||||
deferred legal fees payable | 25,000 | 25,000 | 25,000 | |||||||||||||||||||||||||||||||
total liabilities | 10,533,157 | 9,931,667 | 10,132,259 | |||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||
common stock subject to possible redemption, 0.0001 par value... | 161,047,380 | 161,097,820 | 161,127,060 | |||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 779 | 778 | 778 | |||||||||||||||||||||||||||||||
cash and marketable securities held in trust account | 175,830,893 | 175,883,186 | ||||||||||||||||||||||||||||||||
operating costs | 413,173 | |||||||||||||||||||||||||||||||||
income from operations | -413,173 | |||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||
interest income | 484,669 | |||||||||||||||||||||||||||||||||
income before taxes | 71,496 | |||||||||||||||||||||||||||||||||
benefit from income taxes | -100,737 | |||||||||||||||||||||||||||||||||
net income | -29,241 | |||||||||||||||||||||||||||||||||
weighted-average shares outstanding | ||||||||||||||||||||||||||||||||||
basic and diluted | 7,780,627 | |||||||||||||||||||||||||||||||||
net income per common share | ||||||||||||||||||||||||||||||||||
deferred offering costs | ||||||||||||||||||||||||||||||||||
accrued offering costs |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||
net income | 511,000 | 8,932,000 | 4,963,000 | 11,007,000 | 7,769,000 | 15,385,000 | 17,297,000 | 14,033,000 | 12,106,000 | 17,499,000 | 14,832,000 | 15,422,000 | 11,762,000 | 13,067,000 | 16,626,000 | 15,984,000 | 11,654,000 | 13,132,000 | 11,507,000 | 13,227,000 | 8,977,000 | 9,620,000 | 9,498,000 | 8,978,000 | 5,688,000 | 5,341,000 | 4,038,000 | 7,074,000 | 3,156,000 | -50,445 | -29,241 | -284,270 | ||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||
depreciation and amortization | 4,685,000 | 4,668,000 | 4,410,000 | 4,454,000 | 3,629,000 | 3,664,000 | 3,382,000 | 3,371,000 | 3,228,000 | 3,355,000 | 3,473,000 | 3,135,000 | 2,903,000 | 2,758,000 | 2,278,000 | 2,251,000 | 2,183,000 | 2,450,000 | 2,362,000 | 2,344,000 | 2,335,000 | 2,749,000 | 2,698,000 | 2,691,000 | 2,690,000 | 3,203,000 | 3,179,000 | 3,155,000 | 3,152,000 | 3,921,487 | ||||
share-based compensation | 2,526,000 | 2,272,000 | 2,759,000 | 2,133,000 | 2,112,000 | 186,000 | 2,312,000 | 2,392,000 | 2,153,000 | 1,894,000 | 2,274,000 | 2,245,000 | 1,698,000 | 1,560,000 | 2,625,000 | 1,665,000 | 1,268,000 | 1,219,000 | 1,112,000 | 1,374,000 | 896,000 | 1,028,000 | 801,000 | 686,000 | 722,000 | 715,000 | 634,000 | 634,000 | 626,000 | 660,414 | ||||
provision for credit losses | 2,891,000 | 1,838,000 | 2,154,000 | 1,858,000 | 2,066,000 | 1,375,000 | 1,665,000 | 1,776,000 | 1,595,000 | 1,227,000 | 1,830,000 | 1,155,000 | 785,000 | 550,000 | 524,000 | 1,056,000 | 442,000 | 528,000 | 342,000 | 505,000 | 162,000 | |||||||||||||
debt origination costs amortization | 254,000 | 254,000 | 258,000 | 256,000 | 256,000 | 528,000 | 286,000 | 301,000 | 301,000 | 301,000 | 301,000 | 282,000 | 246,000 | 246,000 | 245,000 | 254,000 | 253,000 | 249,000 | 241,000 | 185,000 | 200,000 | 196,000 | 188,000 | 188,000 | 188,000 | 188,000 | 188,000 | 183,000 | 175,000 | 3,748,269 | ||||
deferred income tax benefit | -129,000 | -1,109,000 | -268,000 | 662,000 | 275,000 | -883,000 | -502,000 | -214,000 | ||||||||||||||||||||||||||
non-cash lease expense | 1,798,000 | 1,799,000 | 1,727,000 | 1,748,000 | 1,745,000 | 1,763,000 | 1,741,000 | 1,722,000 | 1,802,000 | 1,883,000 | 1,891,000 | 2,010,000 | 2,064,000 | 1,474,000 | 632,000 | 531,000 | 468,000 | |||||||||||||||||
loss on disposal of property and equipment | 383,000 | 353,000 | 604,000 | 258,000 | 249,000 | 277,000 | 250,000 | 665,000 | 400,000 | 306,000 | 639,000 | 442,000 | 398,000 | 155,000 | 199,000 | 294,000 | 140,000 | 112,000 | 1,142,000 | 104,000 | 65,000 | 83,000 | 205,000 | 74,000 | 57,000 | 83,000 | 69,000 | 62,000 | 51,000 | 64,276 | ||||
total adjustments | 12,408,000 | 20,510,000 | 13,657,000 | 9,598,000 | 9,789,000 | 8,183,000 | 10,183,000 | 9,344,000 | 8,977,000 | 6,660,000 | 10,194,000 | 9,026,000 | 7,471,000 | 7,616,000 | 5,457,000 | 5,670,000 | 4,805,000 | 4,619,000 | 5,164,000 | 5,364,000 | 3,514,000 | 4,557,000 | 4,866,000 | 4,279,000 | 4,776,000 | 5,935,000 | 4,589,000 | 5,111,000 | 4,151,000 | 4,015,288 | ||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||
accounts receivable | -3,862,000 | 11,919,000 | 20,326,000 | -13,387,000 | -25,911,000 | 17,679,000 | 71,698,000 | -52,264,000 | 4,485,000 | 6,947,000 | -41,504,000 | -21,118,000 | 26,432,000 | -13,764,000 | -3,525,000 | -11,793,000 | -19,546,000 | 29,556,000 | -27,228,000 | -4,236,000 | -11,938,000 | 4,614,000 | -209,000 | -22,229,000 | 744,000 | 13,569,000 | 38,637,000 | -6,638,000 | -51,223,000 | 44,622,672 | ||||
prepaid wires | -47,192,000 | -35,569,000 | 935,000 | 10,078,000 | 17,151,000 | -18,796,000 | -14,575,000 | 4,396,000 | 4,518,000 | 56,329,000 | 34,264,000 | -6,794,000 | -15,433,000 | 14,655,000 | -47,312,000 | -41,666,000 | 41,879,000 | -42,448,000 | -264,000 | 74,988,000 | -36,163,000 | -43,371,000 | -3,862,000 | 2,364,000 | 9,271,000 | -8,454,000 | -695,000 | -1,540,000 | 19,494,000 | -21,784,622 | ||||
prepaid expenses and other assets | 1,248,000 | -4,213,000 | -4,983,000 | -717,000 | 726,000 | 224,000 | 475,000 | -353,000 | 5,347,000 | -3,499,000 | -2,580,000 | -3,990,000 | 3,217,000 | -3,091,000 | -1,322,000 | 134,000 | 360,000 | -145,000 | -4,905,000 | -1,246,000 | -59,000 | -1,570,000 | -575,000 | -232,000 | 1,240,000 | |||||||||
wire transfers and money orders payable | -3,390,000 | -6,429,000 | -51,039,000 | 27,730,000 | 29,774,000 | -19,048,000 | -43,867,000 | 14,814,000 | 11,821,000 | -35,753,000 | 54,705,000 | 6,628,000 | -21,593,000 | 1,576,000 | 12,608,000 | 2,318,000 | 3,232,000 | -3,410,000 | 4,908,000 | 12,680,000 | 548,000 | -7,373,000 | 817,000 | |||||||||||
lease liabilities | -1,787,000 | -1,841,000 | -1,942,000 | -2,126,000 | -1,993,000 | -1,816,000 | -1,337,000 | -1,344,000 | -1,355,000 | -811,000 | -1,263,000 | -1,688,000 | -2,473,000 | 2,607,000 | -976,000 | -457,000 | -580,000 | |||||||||||||||||
accounts payable and accrued and other liabilities | 4,700,000 | -8,931,000 | -10,592,000 | -2,281,000 | 3,977,000 | -6,694,000 | -10,572,000 | -8,196,000 | 2,337,000 | 13,713,000 | 13,784,000 | 1,364,000 | -8,225,000 | 2,356,000 | 4,036,000 | 1,086,000 | -8,520,000 | 16,089,000 | 1,233,000 | 1,919,000 | 2,715,000 | 1,046,000 | 4,460,000 | 2,190,000 | 2,363,000 | |||||||||
net cash from operating activities | -37,364,000 | -15,622,000 | -28,675,000 | 39,902,000 | 41,282,000 | -4,883,000 | 29,302,000 | -19,570,000 | 48,236,000 | 61,085,000 | 82,432,000 | -1,150,000 | 1,158,000 | 25,022,000 | -14,408,000 | -28,724,000 | 33,284,000 | 17,393,000 | -9,585,000 | 102,696,000 | -32,406,000 | -32,477,000 | 10,124,000 | 2,693,000 | 18,780,000 | -4,613,000 | 25,061,000 | 2,871,000 | 29,215,000 | -10,677,567 | 31,875,040 | -404,437 | -955,036 | -212,292 |
capital expenditures | -5,493,000 | -4,361,000 | -6,868,000 | -4,570,000 | -5,275,000 | -3,937,000 | -5,910,000 | -6,670,000 | -13,480,000 | -5,092,000 | -3,160,000 | -2,432,000 | -2,119,000 | -3,018,000 | -2,513,000 | -2,326,000 | -4,316,000 | -5,065,000 | -2,342,000 | -1,251,000 | -1,930,000 | -1,292,000 | -1,179,000 | -690,000 | -901,000 | -2,652,000 | -1,404,000 | -1,220,000 | -1,193,000 | -1,755,935 | 0 | 0 | 0 | 0 |
free cash flows | -42,857,000 | -19,983,000 | -35,543,000 | 35,332,000 | 36,007,000 | -8,820,000 | 23,392,000 | -26,240,000 | 34,756,000 | 55,993,000 | 79,272,000 | -3,582,000 | -961,000 | 22,004,000 | -16,921,000 | -31,050,000 | 28,968,000 | 12,328,000 | -11,927,000 | 101,445,000 | -34,336,000 | -33,769,000 | 8,945,000 | 2,003,000 | 17,879,000 | -7,265,000 | 23,657,000 | 1,651,000 | 28,022,000 | -12,433,502 | 31,875,040 | -404,437 | -955,036 | -212,292 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||
purchases of property and equipment | -5,493,000 | -4,361,000 | -6,868,000 | -4,570,000 | -5,275,000 | -3,937,000 | -5,910,000 | -6,670,000 | -13,480,000 | -5,092,000 | -3,160,000 | -2,432,000 | -2,119,000 | -3,018,000 | -2,513,000 | -2,326,000 | -4,316,000 | -5,065,000 | -2,342,000 | -1,251,000 | -1,930,000 | -1,292,000 | -1,179,000 | -690,000 | -901,000 | -2,652,000 | -1,404,000 | -1,220,000 | -1,193,000 | -1,755,935 | ||||
acquisition of agent locations | -200,000 | -1,011,000 | -150,000 | -38,000 | -150,000 | 0 | 0 | 0 | 0 | 0 | -250,000 | |||||||||||||||||||||||
net cash from investing activities | -5,493,000 | -4,561,000 | -7,472,000 | -4,720,000 | -5,313,000 | -16,087,000 | -7,709,000 | -6,670,000 | -13,480,000 | -5,092,000 | -3,160,000 | -7,909,000 | -2,119,000 | -3,149,000 | -2,513,000 | -2,551,000 | -4,316,000 | -5,250,000 | -2,342,000 | -1,251,000 | -1,930,000 | -1,292,000 | -1,179,000 | -690,000 | -901,000 | -2,652,000 | -1,404,000 | -1,220,000 | -1,443,000 | -1,875,935 | 500,000 | |||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||
borrowings under revolving credit facility | 1,961,500,000 | 1,997,900,000 | 2,051,600,000 | 2,119,000,000 | 1,916,000,000 | 2,082,750,000 | 910,450,000 | 54,500,000 | -28,500,000 | 8,000,000 | 15,000,000 | |||||||||||||||||||||||
repayments under revolving credit facility | -1,915,500,000 | -1,961,000,000 | -2,037,800,000 | -2,122,251,000 | -1,925,235,000 | -2,064,350,000 | -55,000,000 | |||||||||||||||||||||||||||
payments for stock-based awards | -928,000 | -20,000 | -117,000 | -13,000 | -929,000 | -1,332,000 | -96,000 | 558,000 | -1,598,000 | 0 | ||||||||||||||||||||||||
repurchases of common stock | 0 | 0 | -11,353,000 | -4,981,000 | -20,192,000 | -20,318,000 | -11,199,000 | -23,423,000 | -25,643,000 | -10,106,000 | -22,931,000 | -7,584,000 | -10,000,000 | -30,106,000 | -10,000,000 | -3,628,000 | -4,361,000 | |||||||||||||||||
other financing activities | -11,000 | -3,000 | ||||||||||||||||||||||||||||||||
net cash from financing activities | 45,061,000 | 36,933,000 | 13,629,000 | -14,622,000 | -15,145,000 | -2,970,000 | -97,168,000 | 40,998,000 | -55,064,000 | -39,947,000 | -3,719,000 | 70,335,000 | -63,789,000 | 22,048,000 | 7,622,000 | -11,178,000 | -4,434,000 | -4,883,000 | -2,385,000 | -16,867,000 | 14,519,000 | -434,000 | -1,896,000 | -1,915,000 | -1,915,000 | -994,000 | -36,277,000 | 20,452,000 | -16,125,000 | 2,519,874 | -4,022,874 | 275,000 | 115,000 | 0 |
effect of exchange rate changes on cash and cash equivalents | -562,000 | 343,000 | -616,000 | 2,399,000 | 437,000 | -2,168,000 | -1,023,000 | -344,000 | -100,000 | 710,000 | -478,000 | 643,000 | 710,000 | |||||||||||||||||||||
net increase in cash and cash equivalents | 1,642,000 | 17,093,000 | -23,134,000 | 22,959,000 | 21,261,000 | -26,108,000 | 16,756,000 | -64,040,000 | ||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 168,682,000 | 0 | 0 | 130,503,000 | 0 | 0 | 239,203,000 | 0 | 0 | 149,493,000 | ||||||||||||||||||||||||
cash and cash equivalents, end of period | 170,324,000 | -23,134,000 | 22,959,000 | 151,764,000 | -76,598,000 | 14,414,000 | 218,795,000 | 75,075,000 | 61,919,000 | 85,453,000 | ||||||||||||||||||||||||
fair value of contingent consideration | -642,000 | 0 | ||||||||||||||||||||||||||||||||
deferred income tax provision | 4,831,000 | -623,000 | 873,000 | -1,046,000 | -381,000 | 51,000 | 61,000 | -35,000 | 852,000 | -144,000 | 121,000 | 654,000 | 276,000 | 382,000 | 1,291,000 | |||||||||||||||||||
gain contingency | ||||||||||||||||||||||||||||||||||
goodwill impairment | ||||||||||||||||||||||||||||||||||
cash from business acquisitions, net of cash and cash equivalents acquired | ||||||||||||||||||||||||||||||||||
cash from asset acquisitions | ||||||||||||||||||||||||||||||||||
proceeds from sale of real estate property | 0 | |||||||||||||||||||||||||||||||||
repayments of term loan facility | 0 | -72,188,000 | -1,640,000 | -1,641,000 | -1,641,000 | -1,640,000 | -1,094,000 | -1,094,000 | -1,094,000 | -1,093,000 | -1,094,000 | -1,094,000 | -1,093,000 | -1,094,000 | -40,126,000 | -1,915,000 | ||||||||||||||||||
debt origination costs | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||
proceeds from exercise of options | 1,434,000 | 1,481,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the year | ||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of the year | ||||||||||||||||||||||||||||||||||
loss on debt extinguishment | ||||||||||||||||||||||||||||||||||
cash from business acquisition, net of cash and cash equivalents acquired | 0 | 0 | ||||||||||||||||||||||||||||||||
payments from exercise of stock options | ||||||||||||||||||||||||||||||||||
repayments of other debt | ||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 300,000 | -1,221,000 | 98,000 | 134,000 | 887,000 | -74,000 | 561,000 | 763,000 | ||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 14,414,000 | -20,408,000 | ||||||||||||||||||||||||||||||||
borrowings under term loan facility | 0 | 0 | ||||||||||||||||||||||||||||||||
borrowings under revolving loan | ||||||||||||||||||||||||||||||||||
payment of debt origination costs | ||||||||||||||||||||||||||||||||||
proceeds from exercises of options | ||||||||||||||||||||||||||||||||||
payments for stock awards | -107,000 | -38,000 | -834,000 | -5,066,000 | -10,000 | -273,000 | ||||||||||||||||||||||||||||
proceeds from exercises of stock options | 723,000 | |||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | -249,000 | -184,000 | 229,000 | 82,000 | -272,000 | 51,000 | -3,000 | 43,000 | 33,000 | 59,000 | -243,000 | 187,000 | -75,000 | 42,000 | 63,000 | -67,152 | ||||||||||||||||||
net increase in cash | -9,548,000 | -42,637,000 | 24,763,000 | 7,342,000 | -14,584,000 | 84,629,000 | -19,820,000 | -34,160,000 | 7,082,000 | 147,000 | 15,721,000 | |||||||||||||||||||||||
cash, beginning of period | 0 | 0 | 132,474,000 | 0 | 0 | 74,907,000 | 0 | |||||||||||||||||||||||||||
cash, end of period | -9,548,000 | -42,637,000 | 157,237,000 | -14,584,000 | 84,629,000 | 55,087,000 | 7,082,000 | |||||||||||||||||||||||||||
repayments under revolving loan | -15,000,000 | |||||||||||||||||||||||||||||||||
cash paid in warrant exchange | 0 | 0 | ||||||||||||||||||||||||||||||||
cash, beginning of the year | ||||||||||||||||||||||||||||||||||
cash, end of the year | ||||||||||||||||||||||||||||||||||
provision for bad debt | 380,000 | 320,000 | 192,000 | 360,000 | ||||||||||||||||||||||||||||||
debt extinguishment costs | ||||||||||||||||||||||||||||||||||
borrowings under term loan | 0 | 0 | ||||||||||||||||||||||||||||||||
repayments of term loan | -1,915,000 | -1,916,000 | -1,915,000 | -1,915,000 | -1,277,000 | |||||||||||||||||||||||||||||
(repayments) borrowings under revolving loan | ||||||||||||||||||||||||||||||||||
proceeds from reverse recapitalization | 427 | |||||||||||||||||||||||||||||||||
cash consideration to intermex shareholders | -53 | |||||||||||||||||||||||||||||||||
accounts payable and accrued other liabilities | 1,643,000 | -3,697,000 | ||||||||||||||||||||||||||||||||
provision for bad debts | 737,000 | 455,000 | ||||||||||||||||||||||||||||||||
wire transfers and money orders payables | 758,000 | 50,505,000 | ||||||||||||||||||||||||||||||||
cash, beginning of the period | 86,117,000 | |||||||||||||||||||||||||||||||||
cash, end of the period | 101,838,000 | |||||||||||||||||||||||||||||||||
net cash from business acquisition | ||||||||||||||||||||||||||||||||||
common dividend distributions | ||||||||||||||||||||||||||||||||||
net increase in cash and restricted cash | -8,072,000 | -12,695,000 | 22,145,000 | 11,710,000 | -10,100,780 | |||||||||||||||||||||||||||||
cash and restricted cash, beginning of the period | 0 | 0 | 0 | 73,029,000 | -280 | |||||||||||||||||||||||||||||
cash and restricted cash, end of the period | -8,072,000 | -12,695,000 | 22,145,000 | 84,739,000 | -10,101,060 | |||||||||||||||||||||||||||||
other prepaid expenses and assets | 207,000 | -43,000 | 769,000 | -652,240 | ||||||||||||||||||||||||||||||
deferred taxes | 885,000 | -213,000 | -6,714,873 | |||||||||||||||||||||||||||||||
borrowings (repayments) under revolving loan | ||||||||||||||||||||||||||||||||||
repayment of term loan | -1,277,000 | -1,125,000 | -92,150,500 | |||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||
cash paid for interest | 2,895,000 | |||||||||||||||||||||||||||||||||
accounts payable and accrued other | -204,269 | |||||||||||||||||||||||||||||||||
net cash from acquisition | ||||||||||||||||||||||||||||||||||
purchase of common stock | ||||||||||||||||||||||||||||||||||
net loss | ||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||
interest earned on held-to-maturity securities held in trust account | ||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 28,400 | -125,534 | 35,868 | |||||||||||||||||||||||||||||||
accrued expenses | 263,596 | 3,671 | 388,793 | |||||||||||||||||||||||||||||||
income taxes payable | 62,894 | -319,263 | 172,148 | |||||||||||||||||||||||||||||||
investment of cash in trust account | 0 | |||||||||||||||||||||||||||||||||
cash deposited into trust account | 0 | -25,592 | ||||||||||||||||||||||||||||||||
cash withdrawn from trust account | 121,589 | 562,554 | ||||||||||||||||||||||||||||||||
net cash from (used) in investing activities | 121,589 | 536,962 | ||||||||||||||||||||||||||||||||
proceeds from sale of units, net of underwriting discounts paid | 0 | |||||||||||||||||||||||||||||||||
proceeds from sale of placement units | ||||||||||||||||||||||||||||||||||
proceed from issuance of common stock to initial stockholders | 0 | |||||||||||||||||||||||||||||||||
advances from related party | ||||||||||||||||||||||||||||||||||
proceeds from promissory note – related party | 0 | 115,000 | ||||||||||||||||||||||||||||||||
repayment of promissory note – related party | 0 | |||||||||||||||||||||||||||||||||
payment of offering costs | 0 | |||||||||||||||||||||||||||||||||
net change in cash | -7,848 | -303,074 | 287,708 | |||||||||||||||||||||||||||||||
cash – beginning of period | 0 | 362,581 | ||||||||||||||||||||||||||||||||
cash – ending of period | -7,848 | 59,507 | ||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||
deferred underwriting fees charged to additional paid in capital | 0 | |||||||||||||||||||||||||||||||||
deferred legal fees charged to additional paid in capital | 0 | |||||||||||||||||||||||||||||||||
initial classification of common stock subject to possible redemption | 0 | |||||||||||||||||||||||||||||||||
change in value of common stock subject to possible redemption | -50,440 | -29,240 | -284,270 | |||||||||||||||||||||||||||||||
● | ||||||||||||||||||||||||||||||||||
interest earned on marketable securities held in trust account | -484,669 | -524,831 | ||||||||||||||||||||||||||||||||
proceeds from sale of private placement units | ||||||||||||||||||||||||||||||||||
proceeds from collection of notes receivable from stockholders | ||||||||||||||||||||||||||||||||||
cash – beginning | 0 | |||||||||||||||||||||||||||||||||
cash – ending | 287,708 | |||||||||||||||||||||||||||||||||
deferred offering costs included in accrued expenses | ||||||||||||||||||||||||||||||||||
issuance of stock for notes receivable from stockholders | ||||||||||||||||||||||||||||||||||
f-7 | ||||||||||||||||||||||||||||||||||
4 | ||||||||||||||||||||||||||||||||||
deferred offering costs included in accrued offering costs | ||||||||||||||||||||||||||||||||||
f-6 |
