CURRENCY EXCHANGE INTL CP - CURN STOCK NEWS

Currency Exchange International reported robust financial results for the three and six months ended April 30, 2022. Revenue soared 108% to $13.4 million in Q2, driven by a 103% increase in the Banknote segment and a 127% rise in Payments revenue. Net income surged to $1.3 million, with earnings per share at $0.20. For the six-month period, revenues climbed 120% to $25.8 million, and net income reached $2.8 million. The company noted strong liquidity with $53.1 million in net working capital, indicating a solid financial position as travel demand rebounds.

Currency Exchange International, Corp. (CURN) will release its Q2 2022 financial results after market close on June 14, 2022. A conference call to discuss these results is scheduled for June 15, 2022, at 8:30 AM EST. The Company offers various foreign exchange technology and processing services across North America, including currency exchange and international payment solutions through its subsidiary, Exchange Bank of Canada. Investors can access a recorded version of the call on the Company’s website.

Currency Exchange International (CURN) held its Annual General and Special Meeting on March 17, 2022, where all nominees listed in the management information circular were elected as directors. Joseph August, Chirag Bhavsar, and others received over 99% approval. Additionally, shareholders appointed Grant Thornton LLP as auditors with approximately 99.66% approval. An advance notice bylaw was also approved with 98.56% of votes in favor. The Company provides foreign exchange services for banks and consumers, utilizing proprietary software and a web-based interface.

Currency Exchange International (CURN) reported strong financial results for the three months ending January 31, 2022, achieving a net income of $1.5 million, a recovery from a $1.3 million loss in the previous year. This period saw a 245% revenue increase to $12.5 million, driven by a 199% rise in banknote revenue. The company added 272 new customer relationships and processed over $2.34 billion in international payments. Despite the ongoing pandemic, CXI's growth trajectory remains positive, supported by increased demand for travel-related services.

Currency Exchange International, Corp. (CURN) will announce its Q1 2022 financial results on March 16, 2022, at 7:30 a.m. EDT. A conference call will follow on March 17, 2022, at 8:30 a.m. EDT to discuss the results. The company also invites stakeholders to its 2022 Annual General and Special Meeting, set for March 17, 2022, at 12:00 p.m. EDT, which will be held virtually. Shareholders can vote online before the meeting or during it with a control number.

Currency Exchange International (CURN) reported significant financial results for the fiscal year ended October 31, 2021, with revenues increasing by 21% to $30.3 million, compared to $25.0 million in 2020. The company achieved a net income of $1.6 million in Q4 2021, reversing a loss of $3.3 million from the prior year. Operating cash flows turned positive, aided by $4.2 million from government grants. The company is optimistic about future growth, especially in corporate payments and new integrations with banking platforms.

Currency Exchange International Corp. (TSX: CXI; OTCBB: CURN) will announce its financial results for Q4 and the 2021 fiscal year on January 27, 2022, before the market opens. An earnings conference call is scheduled for January 28, 2022 at 8:30 a.m. EST, where management will discuss the results. The Company provides various foreign exchange services in North America, including currency exchange, wire transfers, and FX software solutions. Further details can be accessed on the Company’s website.

Currency Exchange International (CURN) reported its financial results for the three and nine months ended July 31, 2021. Revenue surged 123% year-over-year to $8.6 million due to growth in banknote and payments segments. The company achieved its first positive operating income of $1.0 million since the onset of COVID-19. Notably, unrestricted cash holdings stood at $57.7 million, highlighting strong liquidity. Despite revenue being 30% below pre-pandemic levels, management emphasized strategic advancements, particularly a partnership with the Federal Reserve Bank of New York.