Flywire Corp Stock Price, News & Analysis

Flywire Corporation (Nasdaq: FLYW) announced its participation in a virtual fireside chat at the Guggenheim Fintech & Software Conference on August 24, 2021, starting at 10:00 AM ET. The event will be broadcast live from Flywire's investor relations website and will be available for replay for 90 days post-event.

Flywire specializes in global payments enablement and software, serving over 2,400 clients with diverse payment methods in more than 130 currencies across 240 countries, primarily in education, healthcare, and travel sectors.

Flywire Corporation (Nasdaq: FLYW) reported a strong financial performance for Q2 2021, with a 56% increase in revenue to $37.0 million and a net loss of $18.1 million. The total payment volume surged by 85% to $1.9 billion, reflecting robust demand for digital payment solutions. Key operating metrics included a 77% rise in revenue less ancillary services to $33.0 million and an improved adjusted gross margin of 68.2%. For FY 2021, Flywire anticipates revenues between $173-$178 million and adjusted EBITDA of $4-$6 million.

Flywire has partnered with LaLiga Business School to enhance digital payment solutions for students and families. The collaboration aims to simplify cross-border payments and improve overall operational efficiency for the school’s administration. Flywire's platform provides a secure and flexible payment experience, supporting various local methods in Spain. This partnership positions Flywire as a leader in education payments, facilitating greater accessibility for international students.

Flywire Corporation (FLYW) announced a conference call to discuss its second quarter 2021 financial results, scheduled for August 10, 2021, at 5:00pm ET. The call will be hosted by CEO Mike Massaro, President and COO Rob Orgel, and CFO Mike Ellis. A press release with the financial results will be available after market close on the same day. Flywire specializes in payment enablement, serving over 2,250 clients globally across multiple industries including education, healthcare, and travel.

Flywire Corporation (Nasdaq: FLYW) expands its digital education payments services in Canada, enabling institutions to offer diverse payment options to students. This includes domestic payments, flexible payment plans, and various billing features aimed at simplifying the payment process. The initiative responds to the growing demand for affordable education solutions as Canada hosts over 530,000 international students. Flywire's solutions address operational challenges faced by educational institutions, thus enhancing student engagement and retention.

Flywire Corporation has successfully closed its initial public offering (IPO) of 12,006,000 shares at $24.00 per share, with a total of $263.7 million in net proceeds after expenses. This follows the shares' debut on the Nasdaq Global Select Market under the ticker symbol FLYW on May 26, 2021. Major underwriters involved include Goldman Sachs, J.P. Morgan, Citigroup, and BofA Securities, among others. The offering was conducted under a registration statement filed with the SEC and does not constitute an offer to sell the securities in jurisdictions where unlawful.

Flywire Corporation announced its initial public offering (IPO) pricing of 10,440,000 shares at $24.00 each. An additional 1,566,000 shares are available through underwriters. Trading on the Nasdaq under the ticker symbol 'FLYW' is set to commence on May 26, 2021, with the offering expected to close on May 28, 2021. Major financial institutions including Goldman Sachs and J.P. Morgan are leading the offering. This move marks Flywire's entry into the public market, leveraging its global payments network to enhance payment solutions for various sectors.