Earnings Call Summary | CURRENCY EXCHANGE INTL CORP(CURN.US) Q2 2024 Earnings Conference
Earnings Call Summary | CURRENCY EXCHANGE INTL CORP(CURN.US) Q2 2024 Earnings Conference
Operating expenses increased by $1.3 million or 9%, primarily due to higher salaries and benefits.The following is a summary of the Currency Exchange International, Corp. (CURN) Q2 2024 Earnings Call Transcript:
以下是Currency Exchange International, Corp. (CURN) 2024年第二季度業績會議簡報：
Financial Performance:
金融業績：
For Q2 2023, CXI reported a decline in net income, with adjusted net income at $1.9 million, down by $300,000 or 14% year-over-year.
Revenue reached $20 million, a 7% increase from the same period last year, driven by a strong performance in the US payments and banknotes sectors.
Operating expenses increased by $1.3 million or 9%, primarily due to higher salaries and benefits.
2023年第二季度，CXI淨利潤下滑，調整後淨利潤爲190萬美元，同比下降14%或30萬美元。
營業收入達2000萬美元，比去年同期增長7%，主要因爲美國支付和紙幣部門表現良好。
營業費用增加了130萬美元或9%，主要是薪資和福利水平提高導致的。
Business Progress:
業務進展：
CXI continues to invest in technology, enhancing their operational efficiency with NetSuite and Kyriba for treasury management, and implementing Alessa's AML software.
The company remains committed to its expansion through new customer acquisitions, particularly in the US payments product line, and growth in direct-to-consumer banknotes.
CXI繼續通過NetSuite和Kyriba加強庫存管理、並實施Alessa的AML軟件，加強了技術的投入，提高了運營效率。
該公司一直致力於通過新客戶的獲得、特別是在美國支付產品線的增長，並擴大消費者直接購買紙幣的業務。
Opportunities:
機會：
CXI is expanding its geographical reach with recent entries into Ohio, Alabama, and Wisconsin, reaching 91% of the U.S. population.
Strategic integrations with banking platforms are facilitating the onboarding of new financial institution customers, strengthening CXI's position in the payments market.
CXI正通過在俄亥俄州、阿拉巴馬州和威斯康星州的進入，覆蓋美國91%的人口，擴大地理覆蓋範圍。
與銀行平台的戰略整合有助於吸引新的金融機構客戶，強化了CXI在支付市場的地位。
Risks:
風險：
The group faced challenges with the Mexican peso, impacting FX gains/losses. Management is focused on mitigating this through hedging and risk management strategies.
A significant deferred tax expense of $1.4 million was recognized due to non-recoverability assessments of certain tax assets.
該集團在墨西哥披索方面遇到了挑戰，影響了外匯收益/損失。管理層專注於通過對沖和風險管理策略來緩解這種情況。
由於某些稅務資產的不可收回性評估，導致了140萬美元的重大遞延稅款開支。
More details: CURRENCY EXCHANGE INTL CORP IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
