Currency Exchange International, Corp. (T:CXI)
Business Focus: Financial Technology (Fintech) (NEC)
| Sector: Technology | Industry: Financial Technology (Fintech) |
| Company Contact | |
| Address: | 6675 Westwood Blvd.,, Suite 300 ORLANDO FL 32821 |
| Tel: | 1-416-4799547 |
| Website: | https://www.ceifx.com |
| IR: | See website |
| Key People | ||
| Randolph W. Pinna President, Chief Executive Officer, Director | Davish Bucktowar Director, Business Development | Gerhard Barnard Group Chief Financial Officer |
| Dennis Winkel Chief Risk Officer, Chief Privacy Officer | Christopher Johnson Vice President - Financial Institutions | Paul C. Ohm Vice President - IT |
| Ian Zarac Vice President - Financial Institutions | Wade Bracy Managing Director | Matthew A. Schillo Managing Director - Direct to Consumer | Katie Davis Treasurer |
| Business Overview |
| 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. |
| Financial Overview |
| For the three months ended 31 January 2024, Currency Exchange International Corp revenues increased 10% to $18.1M. Net income decreased 47% to $850K. Revenues reflect Banknotes segment increase of 10% to $14.3M, Payments segment increase of 9% to $3.8M, United States segment increase of 22% to $14.1M. Net income was offset by Salaries and benefits increase of 24% to $9.6M (expense). |
| Employees: | 409 as of Oct 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $58.26M as of Jan 31, 2024 |
| Annual revenue (TTM): | $115.31M as of Jan 31, 2024 |
| EBITDA (TTM): | $24.79M as of Jan 31, 2024 |
| Net annual income (TTM): | $13.02M as of Jan 31, 2024 |
| Free cash flow (TTM): | $42.66M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 6,423,122 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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