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May 06, 2015 1:49 PM ET

Internet Software and Services

Company Overview of Xoom Corporation

Company Overview

Xoom Corporation provides digital consumer-to-consumer online money transfers services worldwide. The company offers money transfer services over the Internet or through a mobile device on its Website at xoom.com, or through its mobile application, the Xoom App. Its customers send money to family and friends from the United States to 32 countries. The company also provides cross-border bill payment services from the United States to five countries. In addition, it offers mobile phone reload services and instant bank deposit services. Xoom Corporation was founded in 2001 and is headquartered in San Francisco, California.

425 Market Street

12th Floor

San Francisco, CA 94105

United States

Founded in 2001

295 Employees

Phone:

415-777-4800

Key Executives for Xoom Corporation

Chief Executive Officer, President, Director and Chairman of Compliance Committee
Age: 51
Total Annual Compensation: $400.0K
Acting Chief Financial Officer and Chief Risk Officer
Age: 41
Total Annual Compensation: $336.4K
Chief Compliance Officer, Vice President of Legal & Compliance, General Counsel and Secretary
Age: 43
Total Annual Compensation: $265.8K
Senior Vice President of Marketing & Corporate Development
Age: 44
Total Annual Compensation: $325.8K
Compensation as of Fiscal Year 2014.

Xoom Corporation Key Developments

Xoom Corporation Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015 and Full Year Ending December 31, 2015

Xoom Corporation announced unaudited consolidated earnings results for first quarter ended March 31, 2015. For the quarter, the company reported revenue of $44,418,000, loss from operations of $830,000, loss before income taxes of $1,235,000, net loss of $1,263,000 or $0.03 per basic and diluted share, non-GAAP net income of $2,176,000 or $0.05 per diluted share, adjusted EBITDA of $3,738,000 compared to the revenue of $35,938,000, income from operations of $596,000, income before income taxes of $364,000, net income of $352,000 or $0.01 per basic and diluted share, non-GAAP net income of $2,480,000 or $0.06 per diluted share, adjusted EBITDA of $3,523,000 for the same quarter a year ago. Latin American corridor was the top performer in year-over-year revenue growth as they continue to see good momentum behind new marketing creative, increased marketing spend. For the second quarter ending June 30, 2015, the company expects revenue to be between $46.0 million and $48.0 million. Adjusted EBITDA is to be between $4.0 million and $6.0 million. GAAP net loss is to be between $1.114 million and $0.886 million. Non-GAAP net income is to be between $2.207 million and $4.207 million. GAAP net loss per diluted share is to be in the range of $(0.03) to $0.02. Non-GAAP net income per diluted share is to be in the range of $0.05 to $0.10. Interest expense is to be between $0.351 million and $0.351 million, negative interest income to be between $0.102 million and $0.102 million and depreciation and other amortization expense to be between $1.529 million and $1.529 million. For the full year ending December 31, 2015, the company expects revenue to be between $191.0 million and $196.0 million. Adjusted EBITDA is to be between $22.0 million and $26.0 million. GAAP net income is to be between $0.578 million and $4.577 million. Non-GAAP net income is to be between $14.412 million and $18.411 million. GAAP net income per diluted share is to be in the range of $0.01 to $0.11. Non-GAAP net income per diluted share is to be in the range of $0.34 to $0.43. Interest expense is to be between $1.421 million and $1.421 million, negative interest income to be between $0.382 million and $0.382 million and depreciation and other amortization expense to be between $6.477 million and $6.477 million.

Xoom Corporation to Report Q1, 2015 Results on Apr 28, 2015

Xoom Corporation announced that they will report Q1, 2015 results at 4:30 PM, US Eastern Standard Time on Apr 28, 2015

Xoom Corporation, Q1 2015 Earnings Call, Apr 28, 2015

Xoom Corporation, Q1 2015 Earnings Call, Apr 28, 2015

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