Welcome to our dedicated page for Flywire news (Ticker: FLYW), a resource for investors and traders seeking the latest updates and insights on Flywire stock.
Flywire Corporation (Nasdaq: FLYW) provides innovative global payment solutions for education, healthcare, and enterprise sectors through its proprietary fintech platform. This news hub offers investors and industry professionals centralized access to Flywire's latest developments.
Find official press releases covering financial results, strategic partnerships, product launches, and market expansions. Our curated collection ensures you stay informed about Flywire's progress in simplifying complex cross-border transactions and expanding its payment network capabilities.
Key updates include earnings announcements, technology innovations, leadership changes, and regulatory developments. Bookmark this page to monitor Flywire's growth in vertical-specific payment software and international transaction processing.
Flywire Corporation (Nasdaq: FLYW) announced its first quarter 2023 financial results will be released on May 9, 2023, after market close. The company will host a conference call at 5:00 PM ET the same day, featuring CEO Mike Massaro, President and COO Rob Orgel, and CFO Mike Ellis. Interested parties can access the live webcast on Flywire’s investor relations website, where a replay will also be available. Flywire is a global payments enablement and software company that integrates its services across various sectors including education, healthcare, and travel, supporting over 3,100 clients with diverse payment methods in more than 140 currencies globally.
Flywire (Nasdaq: FLYW) has been named 2022 Ellucian Partner of the Year for Integration Excellence. This recognition highlights Flywire's advanced payment solutions for the higher education sector, enhancing student payment experiences and operational efficiencies for institutions. The integration with Ellucian’s systems allows universities to automate transactions from application fees to tuition payments. The partnership has expanded globally, responding to increased student mobility. Research indicates that 81% of IT leaders find integration with systems crucial for managing ERP challenges.
Flywire Corporation (Nasdaq: FLYW) announced its participation in several key investor conferences. The events include:
- March 6, 2023: Raymond James 44th Annual Institutional Investors Conference in Orlando, FL.
- March 13, 2023: Loop Capital Markets Conference in New York, NY.
- March 14, 2023: Wolfe Research FinTech Forum in New York, NY, featuring a fireside chat at 1:10 pm ET.
- March 21, 2023: Virtual Bank of America Securities 2023 Electronic Payments Symposium, with a fireside chat at 10:15 am ET.
These discussions will be webcast live and available for replay for 90 days on Flywire’s investor relations website.
Flywire Corporation reported robust financial growth in its fourth quarter and fiscal year 2022. Revenue increased by 42% year-over-year to $73.1 million, while gross profit rose by 35% to $41.5 million. Net loss narrowed to $1.1 million from $11.2 million in the prior year. For fiscal year 2022, total revenue surged 44% to $289.4 million. The company anticipates first quarter 2023 revenue between $85 million and $91 million, and fiscal-year 2023 revenue between $373 million and $392 million, reflecting strong demand across various sectors.
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