Currency Exchange International Announces Financial Results for the Three-Month Period Ended January 31, 2022
The interim financial statements and Managements Discussion and Analysis ("MD&A") can be found on the Company's SEDAR profile at www.sedar.com.
- The interim financial statements and Managements Discussion and Analysis ("MD&A") can be found on the Company's SEDAR profile at www.sedar.com.
- Despite the ongoing pandemic, CXI delivered 25% sequential revenue growth, its highest quarterly revenue ever as each of our strategic pillars contributed to the increase.
- Growth in our global banknote segment has accelerated with Exchange Bank of Canadas participation in the Federal Reserve Bank of New Yorks foreign bank international cash services program.
- Financial Highlights for the Three-month Period Ended January 31, 2022, Compared to the Three-month Period Ended January 31, 2021:
Revenue increased 245% or $7.4 million to $12.5 million for the three-month period ended January 31, 2022, as compared to $5.1 million in the three-months ending January 31, 2021.