Currency Exchange International Reports a 24% Increase in its Third Quarter Group Net Income
Currency Exchange International (CXI) reported fiscal Q3 revenue of $22.4 million, up 5% year-over-year, with reported Group net income of $5.2 million, up 24% from the prior-year quarter. Adjusted diluted EPS hit a record $0.93 versus $0.68 a year ago. Payments revenue surged 54% on a 33% increase in trading volumes and new customer wins, while Banknotes revenue slipped 4% on branch relocations and a softer international travel environment. The payments platform processed 68,698 transactions representing $2.4 billion in volume, up from 51,727 transactions and $1.8 billion a year earlier.
Key figures
- Eps
- 0.87
- Revenue
- 22404630
- Revenue Yoy
- 5%
- Ncib value
- 4200000
- Net income
- 5256351
- Total equity
- 90300000
- Net income yoy
- 24%
- Adjusted ebitda
- 8540869
- Reported ebitda
- 8081988
- Adjusted basic eps
- 0.95
- Payment volume usd
- 2400000000
- Reported basic eps
- 0.89
- Adjusted net income
- 5598551
- Net working capital
- 84900000
- Adjusted diluted eps
- 0.93
- Payment transactions
- 68698
- Ncib shares purchased
- 241700
- Trading volume growth
- 33%
- Adjusted net income yoy
- 31%
- Payments revenue growth
- 54%
- Banknotes revenue change
- -4%
- Prior year payment volume usd
- 1800000000
- Reported diluted eps prior year
- 0.67
AI analysis
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