Seeking Alpha

Xoom -14.6% AH on soft guidance; $15M acquisition announced

  • Though XOOM beat Q4 estimates, the company expects Q1 revenue of $33M-$34M and EPS of -$0.08 to -$0.05, below a consensus of $34.2M and $0.07. In addition, while full-year revenue guidance ($155M-$160M) is above a $152.7M consensus, EPS guidance ($0.03-$0.10) is well below a $0.37 consensus.
  • In tandem with its Q4 report, Xoom announces it has acquired BlueKite, developer of a cross-border payments platform that allows U.S. users to pay bills for families abroad, for $15M in cash and stock. BlueKite has 30 employees split between the U.S. and Guatemala, and partnerships with dozens of Florida retail stores.
  • Xoom's opex rose 31% Y/Y in Q4 (compares with rev. growth of 53%). Gross sending volume +45% to $1.4B, transactions +42% to 2.74M, active customers +36% to 1.06M, and new customers +10% to 113K.
  • Q4 results, PR
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