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Currency Exch Intl J (TSE:CXI)
TSX:CXI
Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.19Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: -3.06%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed mixed results with notable growth in the payments sector and expansion in direct-to-consumer services. However, these were offset by significant financial challenges, including a net loss influenced by nonrecurring costs in Canada, a decline in wholesale banknotes, and increased operating expenses. The strategic review of Canadian operations indicates ongoing challenges in this market.Company Guidance
During the CXI.TO Q4 2024 earnings call, management provided guidance that highlighted several key financial metrics and strategic initiatives. The company reported a net loss of $2.8 million for the quarter, contrasting with a net income of $2.3 million in the same period last year, largely due to nonrecurring items in Canada. Adjusted net income, however, grew by 21% to $2.78 million, with $3.35 million from the U.S. and a loss of $570,000 in Canada. Revenue increased slightly to $23 million, with growth in the payments and direct-to-consumer banknotes lines, though offset by a decline in wholesale banknotes. Operating expenses rose by 19%, influenced by several nonrecurring Canadian items, and the adjusted EBITDA margin remained flat at 26%. The company also discussed strategic investments in technology, such as the Kyriba Treasury Management System and Alessa's AML compliance software, which support operational efficiency and future growth. The call further detailed a focus on expanding retail and agent locations, enhancing the online FX platform, and pursuing strategic reviews for the Exchange Bank of Canada, aiming to maximize long-term shareholder value.Growth in Payments Product Line
Revenue from the payments product line increased by $704,000 or 20% for the 3-month period ended October 31, 2024, driven by volume growth and increased activity in the United States and net gains from settlement timing differences in Canada.
Expansion in Direct-to-Consumer Business
Direct-to-consumer banknotes revenue increased by $220,000 or 3%, with the online FX platform now serving 44 states, including the District of Columbia, contributing to the growth despite two hurricanes affecting operations in Florida.
New Branch Openings
Two new locations opened in Massachusetts and Georgia, expanding the total number of company-owned branches to 40 across the U.S.
Strategic Focus on Payments and Integration
CXI's payment business is progressing with integrations such as FedNow, allowing for domestic payment processing without moving money directly, enhancing software-as-a-service income.
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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 |
|---|---|---|---|
| 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% |
| Mar 13, 2024 | C$24.60 | C$24.20 | -1.63% |
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 Mar 12, 2025, TBA Not Confirmed.
What is Currency Exch Intl J (TSE:CXI) earnings time?
Currency Exch Intl J (TSE:CXI) earnings time is at Mar 12, 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 (Q1) is 0.38.
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