Currency Exchange International Announces a 15% and 21% Increase in Revenue for the Three-Months and Fiscal Year Ended October 31, 2023 Versus the Prior Year - Seite 2

• Revenue increased by $3.0 million or 15% to $22.8 million from $19.8 million. The Banknotes product line accounted for $19.2 million of this revenue, an increase of 17% and the Payments product line represented $3.6 million, an increase of 4%;
• Net operating income increased by $0.4 million or 8% to $5.8 million from $5.4 million;
• Net income declined by $2.1 million or 47% to $2.3 million from $4.4 million;
• Earnings per share was $0.36 on a basic and $0.34 on a fully diluted basis compared to earnings per share of $0.68 and $0.65, respectively; and
• The Group had strong liquidity and capital positions of $70.1 million in net working capital and $79.2 million in total equity as at October 31, 2023.

Financial Highlights for the fiscal year ended October 31, 2023, compared to the fiscal year ended October 31, 2022:

• Revenue increased $14.5 million or 21% to $82.0 million from $67.5 million. The Banknotes product line accounted for $67.6 million of this revenue, an increase of 23% and the Payments product line represented $14.4 million, an increase of 15%;
• Operating expenses increased $14.4 million primarily to support revenue growth through continued investment in people and infrastructure as well as some non-recurring items.
• Net operating income remained flat at $18.7 million;
• Net income declined by $1.6 million or 13% to $10.2 million from $11.8 million;
• Cash flows from operating activities, excluding the changes in balance sheet accounts, amounted to $14.6 million compared to $16.2 million; and
• Earnings per share was $1.59 on a basic and $1.52 on a fully diluted basis compared to earnings per share of $1.83 and $1.78, respectively.

Selected Financial Data

Three-months ending	Revenue	Net operating income	Net income	Total assets	Total equity	Earnings per share (diluted)
	$	$	$	$	$	$
10/31/2023	22,786,072	5,818,667	2,303,822	132,049,444	79,232,981	0.34
7/31/2023	23,363,600	6,437,153	4,055,276	129,643,409	77,590,126	0.60
4/30/2023	18,345,342	3,743,075	2,243,714	134,697,253	73,104,851	0.33
1/31/2023	16,468,402	2,734,159	1,589,499	133,072,968	71,448,732	0.24
10/31/2022	19,800,463	5,401,678	4,383,876	125,528,832	69,305,509	0.66
7/31/2022	21,145,189	7,321,521	4,585,808	155,757,016	65,598,381	0.70
4/30/2022	14,071,953	2,888,757	1,308,445	150,804,096	60,821,752	0.19
1/31/2022	12,450,282	3,111,368	1,504,999	129,297,226	59,332,997	0.23

Conference Call