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 (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.
Flywire has announced a partnership with FranConnect to enhance the payment experience for franchisors, facilitating both domestic and international transactions. This integration will allow franchisors to efficiently collect royalties and fees in various currencies through Flywire’s B2B payments platform. The partnership aims to streamline payment processes, reduce costs, and improve cash flow for franchise businesses. In the context of a growing franchise industry that contributes significantly to the U.S. economy, this collaboration positions Flywire as a vital player in supporting franchisors looking to expand globally.
Flywire Corporation (Nasdaq: FLYW) will release its fourth quarter and full year 2022 financial results on February 28, 2023, after market close. A conference call is scheduled for 5:00 PM ET that same day, featuring CEO Mike Massaro, President Rob Orgel, and CFO Mike Ellis.
The call will be accessible via a live webcast on Flywire’s investor relations website, with a replay available afterward. Flywire specializes in global payments enablement and software, serving over 3,000 clients across various sectors like education, healthcare, and travel, utilizing a proprietary global payments network.
Flywire has announced the appointment of Diane Offereins to its Board of Directors, effective immediately, while Yvonne Hao and Jo Natauri have stepped down. Offereins, currently EVP and President at Discover Financial Services, brings extensive experience in payments and financial services, having led Discover's payments business, which handled over $500 billion in transactions in 2021. CEO Mike Massaro noted her potential to drive Flywire's growth, highlighting the board's evolution following Natauri and Hao's contributions.
FAQ
What is the current stock price of Flywire (FLYW)?
What is the market cap of Flywire (FLYW)?
