Currency Exchange International, Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2022
September 13, 2022 at 05:18 pm EDT
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Currency Exchange International, Corp. reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported revenue was USD 20.66 million compared to USD 8.73 million a year ago. Net income was USD 4.59 million compared to net loss of USD 0.120247 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
For the nine months, revenue was USD 46.48 million compared to USD 20.44 million a year ago. Net income was USD 7.4 million compared to net loss of USD 2.77 million a year ago. Basic earnings per share from continuing operations was USD 1.15 compared to basic loss per share from continuing operations of USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 1.13 compared to diluted loss per share from continuing operations of USD 0.43 a year ago.
Currency Exchange International, Corp. is a foreign exchange technology and service provider. It provides a range of foreign exchange services to clients in the United States and through its subsidiary, Exchange Bank of Canada, in Canada. The Company provides comprehensive foreign exchange services, risk management solutions, and integrated international payments processing technology in North America. Its technology platform, CXIFX, delivers foreign currency services, such as foreign banknote exchange, foreign and US travelers' cheques, foreign and US travelers' cheques, foreign draft issuance, global EFTs and international wire payments. Its foreign bank note exchange services, which enable customers to buy and sell more than 80 foreign currencies from around the world, remove teller errors with its automated transaction process and updated banknote verification images and others. It serves various industries, including travel, technology, payroll, healthcare and nonprofit.
CURRENCY EXCHANGE INTERNATIONAL, CORP. 
