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Currency Exch Intl J (TSE:CXI)
TSX:CXI
RESEARCH TOOLSreports
Earnings Data
Report Date
Jun 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.43Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -3.21%
|Next Earnings Date:Jun 17, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive achievements, such as revenue and income growth, IT advancements, and geographic expansion. However, these were tempered by the significant decision to discontinue operations in Canada, increased expenses, and challenges related to foreign exchange and tax rates. The sentiment is mixed but leans slightly towards positive due to the operational improvements and strategic focus on the U.S. market.Company Guidance
In the first quarter of the 2025 fiscal year, Currency Exchange International (CXI) reported a net income of $812,000, a decrease from the previous year's $850,000, attributed to tax impacts and regulatory compliance costs in Canada. Despite this, the company saw a 10% increase in revenue, reaching nearly $20 million, driven by a 12% growth in wholesale banknotes and a 5% growth in direct-to-consumer banknotes. The U.S. market contributed 77% of total revenue, with significant gains in payments and banknotes, whereas Canadian operations, experiencing a 13% revenue increase, are set for discontinuance by the fourth quarter of 2025. The company's adjusted EBITDA improved to $3.4 million with a margin of 17%, up from 13% previously. Operating expenses grew by 7%, but the expense-to-revenue ratio improved to 85%. The top performing currencies were the euro, U.S. dollar, Mexican peso, Iraqi dinar, and Canadian dollar. With an adjusted ROE maintained at 12%, CXI is focusing on strategic growth within the U.S., leveraging its modernized IT infrastructure and expanded OnlineFX platform, now servicing 45 states.Revenue Growth
The company reported a 10% increase in revenue compared to the same period last year, driven by growth in the wholesale banknotes business, payments business, and direct-to-consumer business.
Improved Operating Income
Net operating income grew by 32%, and net operating income before tax increased by 54% compared to the previous year.
Cloud Migration Success
The IT team successfully migrated core systems to a modern cloud computing environment, enhancing scalability and efficiency.
Adjusted EBITDA Improvement
Adjusted EBITDA for the current period was $3.4 million, with a margin of 17%, compared to $2.3 million and 13% in the prior period.
New Geographic Expansion
The company expanded its OnlineFX platform to include the state of Nebraska, now servicing 45 states and the District of Columbia.
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Currency Exchange International (TSE:CXI) Earnings, Revenues Date & History
TSE:CXI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CXI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | C$21.20 | C$21.50 | +1.42% |
| Jan 22, 2025 | C$22.90 | C$22.50 | -1.75% |
| Sep 11, 2024 | C$26.00 | C$24.77 | -4.73% |
| Jun 12, 2024 | C$26.71 | C$26.65 | -0.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Currency Exch Intl J (TSE:CXI) report earnings?
Currency Exch Intl J (TSE:CXI) is schdueled to report earning on Jun 17, 2025, TBA Not Confirmed.
What is Currency Exch Intl J (TSE:CXI) earnings time?
Currency Exch Intl J (TSE:CXI) earnings time is at Jun 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CXI EPS forecast?
TSE:CXI EPS forecast for the fiscal quarter 2025 (Q2) is 0.39.
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