August 31, 2014 6:59 AM ET

Internet Software and Services

Company Overview of Xoom Corporation

Company Overview

Xoom Corporation provides digital consumer-to-consumer online money transfers services in the United States and internationally. The company offers money transfer services over the Internet or through a mobile device on its Website at www.xoom.com, its co-branded Website with Walmart.com, or through its mobile application, the Xoom App. Its customers send money to family and friends in 31 countries. The company also develops solutions and applications for cross-border bill pay and cell phone top up services. Xoom Corporation was founded in 2001 and is headquartered in San Francisco, California.

100 Bush Street

Suite 300

San Francisco, CA 94104

United States

Founded in 2001

190 Employees

Phone:

415-777-4800

Key Executives for Xoom Corporation

Chief Executive Officer
Age: 51
Total Annual Compensation: $400.0K
Chief Financial Officer
Age: 41
Total Annual Compensation: $280.0K
Senior Vice President of Marketing & Corporate Development
Age: 44
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2013.

Xoom Corporation Key Developments

Xoom Corporation Presents at 2014 Needham Interconnect Conference, Aug-06-2014 10:00 AM

Xoom Corporation Presents at 2014 Needham Interconnect Conference, Aug-06-2014 10:00 AM. Venue: The Westin Grand Central Hotel, New York, New York, United States. Speakers: John Kunze, Chief Executive Officer, President, Director and Chairman of Compliance Committee, Ryno Blignaut, Chief Financial Officer, Chief Accounting Officer and Chief Risk Officer.

Xoom Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014 and Full Year 2014

Xoom Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $39,844,000 compared to $33,493,000 a year ago. Income from operations was $1,522,000 compared to $4,627,000 a year ago. Income before provision for income taxes was $1,417,000 compared to $4,222,000 a year ago. Net income was $1,398,000 or $0.03 per diluted share compared to $4,090,000 or $0.11 per diluted share a year ago. Adjusted EBITDA was $5,068,000 compared to $6,149,000 a year ago. Non-GAAP net income was $3,934,000 or $0.09 per diluted share compared to $5,049,000 or $0.14 per diluted share a year ago. For the six months period, the company reported revenue of $75,782,000 compared to $57,808,000 a year ago. Income from operations was $2,118,000 compared to $4,957,000 a year ago. Income before provision for income taxes was $1,781,000 compared to $4,145,000 a year ago. Net income was $1,750,000 or $0.04 per diluted share compared to $4,011,000 or $0.11 per diluted share a year ago. Adjusted EBITDA was $8,591,000 compared to $7,723,000 a year ago. Non-GAAP net income was $6,414,000 or $0.15 per diluted share compared to $5,748,000 or $0.16 per diluted share a year ago. The company provided earnings guidance for the third quarter of 2014 and full year 2014. For the third quarter of 2014, the company expects revenue to be between $39.0 million and $41.0 million. Adjusted EBITDA to be between $1.5 million and $3.0 million. GAAP diluted net loss per share to be in the range of $0.08 to $0.05. Non-GAAP diluted net income (loss) per share to be in the range of $(0.01) to $0.02. For full year 2014, the company expects revenue to be between $158 million and $162 million. Adjusted EBITDA to be between $13 million and $16 million. GAAP diluted net loss per share to be in the range of $0.09 to $0.02. Non-GAAP diluted net income per share to be in the range of $0.16 to $0.24.

Xoom Corporation to Report Q2, 2014 Results on Jul 22, 2014

Xoom Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 22, 2014

Similar Private Companies By Industry

Company Name Region
UsefulWare Inc United States
e-pinion United States
Playpower Labs, LLC United States
BondBook, L.L.C. United States
Speedlane.com, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 4, 2014
BlueKite, Ltd.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Xoom Corporation, please visit www.xoom.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.