- Though it beat Q4 estimates, NASDAQ:XOOM is guiding for Q1 revenue of $42M-$44M and EPS of -$0.02 to $0.03, below a consensus of $44.4M and $0.08. Full-year guidance is for revenue of $190M-$195M and EPS of $0.29-$0.40 vs. a consensus of $192.5M and $0.40.
- Gross sending volume rose 29% Y/Y in Q4 to $1.8B, an improvement from Q3's 13% growth. Transactions rose 27% to 3.48M, active customers 21% to 1.28M, and gross customer adds 10% to 145.2K.
- New customer adds rose 5% to 118.1K, reversing Q3's 22% decline. However, Xoom says it won't break out the figure going forward, arguing gross adds are a more important metric.
- Excluding a $30.8M fraud charge, GAAP operating expenses rose 43% Y/Y to $29.4M, outpacing revenue growth of 37%.
- Shares are down to $14.65 AH. Q4 results, PR.