Currency Exchange International Announces 30% Increase in Revenue for the Three and Six-Months Ended April 30, 2023 versus the Prior Year - Seite 2
- Revenue increased 30% or $4.2 million to $18.3 million for the three-month period ended April 30, 2023, as compared to $14.1 million in the three-month period ending April 30, 2022. The Banknotes product line accounted for $15.3 million of the revenue, an increase of 41% and the Payments product line represented $3.0 million of the revenue, a decrease of 7% over the prior year;
- Net operating income increased 30% or $0.8 million to $3.7 million for the three-month period ended April 30, 2023, from a net operating income of $2.9 million in the same period in the prior year;
- Net income increased 71% or $0.9 million to $2.2 million in the three-month period ended April 30, 2023, from a net income of $1.3 million in the same period in the prior year;
- Earnings per share was $0.35 on a basic and $0.33 on a fully diluted basis for the three-month period ended April 30, 2023, compared to earnings per share of $0.20 and $0.19, respectively, in the same period in the prior year; and
- The Group had strong liquidity and capital positions of $64.4 million in net working capital, and $73.1 million in total equity as at April 30, 2023.
Financial Highlights for the six-months ended April 30, 2023, compared to the six-months ended April 30, 2022:
- Revenue increased 31% or $8.4 million to $34.9 million for the six-month period ended April 30, 2023, as compared to $26.5 million in the six-month period ending April 30, 2022. The Banknotes product line accounted for $28.4 million of the revenue, an increase of 34% and the Payments product line represented $6.5 million of the revenue, an increase of 21% over the prior year;
- Net operating income increased 8% or $0.5 million to $6.5 million for the six-month period ended April 30, 2023, from a net operating income of $6.0 million in the same period in the prior year;
- Net income increased 36% or $1.0 million to $3.8 million in the six-month period ended April 30, 2023, from a net income of $2.8 million in the same period in the prior year;
- Cash flow from operating activities, excluding the changes in balance sheet accounts, increased 22% or $1.1 million to $5.8 million in the six-month period ended April 30, 2023 from $4.7 million in the same period in the prior year; and
- Earnings per share was $0.60 on a basic and $0.57 on a fully diluted basis for the six-month period ended April 30, 2023 compared to earnings per share of $0.44 and $0.43, respectively, in the same period in the prior year.
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