Wed, Nov. 4, 5:54 PM
Wed, Jul. 29, 5:02 PM
Fri, May 15, 1:15 PM
- After starting the day off quietly, Xoom (XOOM +6.6%) has shot higher over the last hour. 464K shares have already been traded, topping a 3-month daily average of 425K.
- The online money transfer provider is now up 36% from a February low of $13.82, set after shares tumbled in January on account of a fraud disclosure. They surged two weeks ago following a Q1 beat and in-line guidance, and gained last week in response to a report Western Union is in talks to buy MoneyGram.
Wed, Apr. 29, 10:54 AM
- With shares having gone into earnings far below their 2013 highs following a string of earnings disappointments, XOOM's in-line 2015 guidance is going over well: The online money transfer platform expects revenue of $191M-$196M and EPS of $0.34-$0.43 vs. a consensus of $194.1M and $0.37. Q2 guidance is softer: Revenue of $46M-$48M and EPS of $0.05-$0.10 vs. a consensus of $49M and $0.10.
- Gross sending volume rose 6% Y/Y in Q1 to $1.7B, a slowdown from Q4's 29% growth. Transactions rose 23% to 3.55M (implies lower average transaction size), active customers 19% to 1.34M, and gross customer adds 14% to 156K. Xoom is no longer sharing new customer adds, arguing gross adds are more important.
- GAAP operating expenses rose 29% Y/Y to $33.2M, exceeding revenue growth of 24%. Xoom ended Q1 with $240.5M in cash/short-term investments (equal to nearly 1/3 of its current market cap), and no debt. The company is counting on its recent expansion into China and Pakistan to boost future growth, as well as newer services such as Bill Pay and Top Up (enabled by last year's BlueKite acquisition).
- Short-covering could have much to do with today's gains: 5.1M shares (over 1/5 of the float) shorted as of April 15.
- Q1 results, PR
Tue, Apr. 28, 4:09 PM
Tue, Feb. 10, 7:09 PM
- Though it beat Q4 estimates, 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.
Tue, Feb. 10, 4:08 PM
Mon, Feb. 9, 5:35 PM
Mon, Jan. 5, 6:31 PM
- XOOM states it was "the victim of a criminal fraud" involving "employee impersonation and fraudulent requests targeting the Company's finance department, resulting in the transfer of $30.8 million in corporate cash to overseas accounts." (8-K)
- A $30.8M one-time charge will be recorded. The online money transfer service provider insists "no customer data was involved nor was any customer's money involved in this matter and the Company's systems were not impacted." Federal law enforcement authorities are "actively pursuing a multi-agency criminal investigation."
- CFO Matt Hibbard has resigned. Ryno Blignaut, who only recently stepped down as CFO, will serve as acting CFO and chief risk officer.
- The disclosures are overshadowing a Q4 guidance hike: Xoom now expects to report Q4 revenue of $43.1M-$43.6M, above prior guidance of $41M-$43M and a $41.8M consensus. Active customers +21% Y/Y in Q4 to 1.28M (+22% in Q3); new customers +5% to 118K (-22% in Q3).
Oct. 28, 2014, 6:02 PM
- Though it only slightly missed Q3 revenue estimates (while beating on EPS), XOOM is guiding for Q4 revenue of $41M-$43M, below a $44M consensus. EPS guidance of $0.03-$0.06 is in-line with a $0.05 consensus.
- The online money transfer platform also announces CFO Ryno Blignaut is resigning, effective Dec. 1, to "pursue personal interests, spend more time with his family and to carefully evaluate the next step in his career." Finance VP Matt Hibbard will be Xoom's new CFO.
- Q3 gross sending volume +13% Y/Y to $1.7B; transactions +22% to 3.2M; active customers +22% to 1.2M; new customers -22% to 96.6K. Xoom admits "customer acquisition in the quarter was challenging."
- Q3 results, PR
Oct. 28, 2014, 4:20 PM
Jul. 22, 2014, 7:38 PM
- Though XOOM beat Q2 estimates, it's guiding for Q3 EPS of -$0.01 to $0.02, below a $0.04 consensus. Q3 revenue guidance - $39M-$41M vs. a $40.2M consensus - is healthier.
- Full-year guidance is for revenue of $158M-$162M and EPS of $0.16-$0.24 vs. a consensus of $159.7M and $0.22.
- Gross sending volume +12% Y/Y in Q2 to $1.8B. Transactions +24% to 3.19M, active customers +30% to 1.2M, new customers -1% to 133.5K.
- Q2 results, PR
Jul. 22, 2014, 4:16 PM
Jul. 21, 2014, 5:35 PM
Apr. 22, 2014, 5:13 PM
- XOOM expects Q2 revenue of $38M-$40M and EPS of $0.02-$0.06, in-line with a consensus of $39.4M and $0.05. But full-year guidance is for revenue of $157M-$162M and EPS of $0.15-$0.22, above a consensus of $156.9M and $0.09.
- With shares having fallen hard since Xoom provided soft guidance in its Q4 report, investors are quite happy to see those numbers.
- Gross sending volume +49% Y/Y in Q1 to $1.6B. Transactions +42% to 2.9M, active customers +34% to 1.13M, new customers +7% to 117.1K.
- Gross margin rose 420 bps Y/Y to 73.3%. Opex rose 56% to $25.8M.
- Q1 results, PR
Apr. 22, 2014, 4:20 PM
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