CXI Reports Revenue Rise Amidst Net Income Dip

Currency Exchange International (TSE:CXI) has released an update.

Currency Exchange International, Corp. (CXI) has reported a 7% revenue increase to $18.1 million in Q1 2024 compared to the same period last year, driven by a 10% growth in Banknotes revenue. Despite the rise in revenue, the company experienced a decrease in net income by 47% to $0.9 million. CXI’s strategic expansion into the international banknote market and increased U.S. financial institution penetration contribute to its ongoing growth, with a strong liquidity position highlighted by $72.0 million in net working capital.

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