- Revenue of $33.5 Million, increase of 59% from Q2 2012
- Gross Sending Volume of $1.61 Billion, increase of 82% from Q2 2012
- 919,610 Active Customers, increase of 40% from Q2 2012SAN FRANCISCO, July 24, 2013 (GLOBE NEWSWIRE) -- Xoom Corporation (Nasdaq:XOOM), a digital money transfer provider, today announced financial results for the second quarter of 2013:
- Revenue for the second quarter was $33.5 million, an increase of 59% from the second quarter of 2012.
- Gross profit for the second quarter was $23.4 million, an increase of 72% from the second quarter of 2012.
- GAAP net income for the second quarter was $4.1 million, or $0.11 per diluted share, compared to a net loss of $1.6 million, or $0.32 per diluted share, for the second quarter of 2012.
- Adjusted EBITDA for the second quarter was $6.1 million, compared to a loss of $345,000 for the second quarter of 2012.
- Non-GAAP earnings per diluted share was $0.14, compared to a loss of $0.20 per diluted share for the second quarter of 2012.
- Cash, cash equivalents, disbursement prefunding and short-term investments were $166.9 million as of June 30, 2013, compared to $85.3 million as of December 31, 2012.
- Outstanding amounts due under the line of credit were $49.0 million as of June 30, 2013, compared to $40.0 million as of December 31, 2012.
- Gross sending volume for the quarter grew 82% to $1.61 billion from the second quarter of 2012.
- Transactions for the quarter grew 57% to 2,582,000 from the second quarter of 2012.
- Active customers for the quarter grew 40% to 919,610 from the second quarter of 2012.
- New customers for the quarter grew 16% to 134,899 from the second quarter of 2012.
- In May, Xoom announced a quick deposit service to India to provide customers with a fast and secure service. Customers can now deposit money to bank accounts in India within a breakthrough speed of four hours when sent during Indian banking hours.
- In June, Xoom announced a new Xoom Money Transfer App to provide customers a fast and simple method to send money on the go. The Xoom App is unique in its simplicity. With "one tap and one swipe" customers can complete a quick send to their recipients in just seconds.
- During the quarter, Xoom announced two initiatives to expand its reach in the Mexican and Indian communities. -- In early May, Xoom announced Mexican radio personality Eddie "Piolín" Sotelo as an endorser for Xoom. Piolín stars in a series of television and radio commercials, advocating the convenience, security and speed of Xoom. -- In late May, Xoom announced Indian superstar and trusted icon Amitabh Bachchan as its brand ambassador of Xoom's revolutionary four hour bank deposit to India.
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