NASDAQ$EXPI

eXp World Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

eXp World Holdings achieved positive earnings per share and revenue grew significantly.

eXp World Holdings reported its first profitable quarter since being listed on Nasdaq with a net income of $0.8 million. Quarterly revenue grew 82 percent and annual revenue grew 96 percent due to rapid agent growth.

  • Revenue increased 82% to $274 million compared to Q4 2018.
  • Gross profit grew 138% to $24.4 million compared to Q4 2018.
  • Net income was $0.8 million, or $0.01 per diluted share, compared to a net loss of $5.2 million in Q4 2018.
  • Cash flow from operations increased 182.5% to $15.4 million compared to Q4 2018.

Headline financials

Total Revenue

$274M

Previous: $150M+82.2%
EPS (adj)

$0.01

Previous: -$0.04+122.2%
Agent Count

25.4K

Previous: 15.6K+63.3%
Transaction Sides

38.6K

Previous: 22.1K+74.8%
Sales Volume

$11B

Previous: $6B+83.3%
Capital Expenditures

$1.6M

Previous: $738K+116.2%
Free Cash Flow

$13.8M

Previous: $4.72M+192.8%
Net Income

$800K

Previous: -$22.4M+103.6%
Operating Income

$1.12M

Previous: -$5.22M+121.5%
Gross Profit

$24.4M

Previous: $10.3M+138.0%
Cash & Equivalents

$40.1M

Previous: $20.5M+95.2%
Total Assets

$96.5M

Previous: $55.8M+72.7%
Stock-Based Comp

$979K

Previous: $2.55M-61.5%

Revenue & EPS history

eXp World · Revenue · Quarterly

$274M

Q4 2019+82.2%vs Q4 2018
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Forward guidance

eXp World Holdings anticipates continued expansion in revenue and gross profit into 2020. They expect eXp Realty to continue adding agents at levels above competing national brokerages and anticipate increased adoption of affiliated services. The prospects for VirBELA to become the definitive virtual world platform for business and education have expanded dramatically recently.

Tailwinds

  • Continued expansion in revenue
  • Continued expansion in gross profit
  • eXp Realty to continue adding agents at levels above competing national brokerages
  • Increased adoption of affiliated services
  • Prospects for VirBELA to become the definitive virtual world platform for business and education have expanded dramatically recently

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+1.3%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.2%

Avg return

30 days after

43%

19 / 44 earnings

Positive

+42.1%

Q2 2021

Best reaction

-14.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.9%-28.0%-28.8%
Q4 2025-2.7%-7.9%-19.8%
Q3 2025+11.2%+11.3%+12.8%
Q1 2025-14.0%-9.8%+1.8%
Q4 2024-9.5%-7.8%-12.2%
Q3 2024-2.5%+1.1%-7.6%
Q2 2024-9.6%-10.8%-17.2%
Q1 2024+13.0%+20.2%+12.6%
Q4 2023-1.4%+11.0%-11.8%
Q3 2023+7.0%+2.2%-2.1%
Q2 2023+0.1%+2.2%-21.3%
Q1 2023+11.1%+13.2%+33.2%
Q4 2022-6.5%-2.0%-3.2%
Q3 2022-13.7%-15.6%-1.6%
Q2 2022-4.6%+7.2%-20.7%
Q1 2022+2.2%-8.2%-2.8%
Q4 2021+11.9%+12.5%-8.1%
Q3 2021-11.1%-12.3%-33.1%
Q2 2021+42.1%+52.9%+41.8%
Q1 2021-8.5%-13.0%+9.9%
Q4 2020+14.3%-32.7%-30.9%
Q3 2020-13.6%-7.7%+22.7%
Q2 2020+16.0%+28.4%+69.2%
Q1 2020+2.7%+1.5%+36.4%
Q4 2019+18.8%+10.6%-4.0%
Q3 2019+0.0%+4.6%+22.8%
Q2 2019-9.8%-6.1%-17.0%
Q1 2019-1.3%-4.9%+0.3%
Q4 2018+6.2%+5.1%-3.1%
Q3 2018-5.1%-0.8%-19.3%
Q2 2018-6.0%-6.9%+0.1%
Q4 2017+9.6%+16.5%+46.5%
Q1 2018+9.6%+16.5%+46.5%
Q3 2017+0.0%-1.7%+24.0%
Q2 2017+2.4%+3.2%-11.8%
Q1 2017+0.0%-1.4%-15.6%
Q4 2016-1.1%+0.8%-3.3%
Q3 2016-1.8%+3.7%+0.2%
Q2 2016-1.4%-3.4%+41.2%
Q1 2016+5.5%
Q4 2015+10.6%
Q3 2015-6.8%
Q2 2015+1.2%
Q4 2014+0.0%

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