Currency Exchange International (TSE:CXI) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$20.1m (up 9.5% from 2Q 2023).
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Net income: US$506.5k (down 77% from 2Q 2023).
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Profit margin: 2.5% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
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EPS: US$0.079 (down from US$0.35 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Currency Exchange International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 71%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in North America.
Performance of the market in Canada.
The company’s share price is broadly unchanged from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 2 warning signs for Currency Exchange International that you need to be mindful of.
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