Flywire Corp Stock Price, News & Analysis

Flywire Corporation (Nasdaq: FLYW) recently announced its participation in several upcoming investor conferences. The management team will host a fireside chat at the Citi 2022 Global FinTech Conference on November 14, 2022, at 2:15 PM ET, followed by the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 4:20 PM ET, and the Wells Fargo 6th Annual TMT Summit on November 30, 2022, at 1:40 PM ET. These events will be webcast live, with replays available for 90 days on the company's investor relations website.

Flywire Corporation (Nasdaq: FLYW) reported robust financial results for Q3 2022, showcasing a 40% year-over-year revenue increase to $95.2 million. Adjusted gross profit reached $61.3 million, with a gross margin of 64.4%. However, the company posted a net loss of $4.3 million, a decline from a net income of $10 million in Q3 2021. Total payment volume grew 33% to $7.0 billion. For Q4 2022, Flywire anticipates revenue ranging from $69.3 million to $72.6 million.

Flywire Corporation (Nasdaq: FLYW) will release its third quarter 2022 financial results on November 8, 2022, after market close. A conference call will follow at 5:00 PM ET, featuring CEO Mike Massaro, President Rob Orgel, and CFO Mike Ellis. Investors can access the call via Flywire's investor relations website. Flywire provides a global payments enablement platform, serving over 2,800 clients in more than 240 countries. The company focuses on industries such as education, healthcare, and travel, facilitating complex payment processes through its proprietary technology.

Flywire has integrated its payment solutions with Universitas XXI, enhancing the payment experience for students and universities in Spain and Latin America. This partnership supports international and domestic payment flows and allows students to pay in their local currency. Flywire's digital platform addresses challenges related to managing diverse payment systems, enabling universities to streamline operations while offering customizable payment plans. The collaboration aims to meet the increasing demand for efficient payment solutions as Spain and Latin America become more popular educational destinations.

Flywire Corporation (Nasdaq: FLYW), a leader in global payments enablement, announced participation in two upcoming investor conferences. The first is a fireside chat at the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 12, 2022, starting at 7:30 PM ET. The second is a virtual fireside chat at the Autonomous Future of Commerce Symposium on September 15, 2022, at 10:00 AM ET. Both events will be webcast live via Flywire’s investor relations website, with replays available for 90 days.

Flywire reported a robust second quarter for 2022, achieving a 53% revenue increase year-over-year, totaling $56.5 million. Revenue less ancillary services surged 56% to $51.5 million. Total payment volume also grew 49% to $2.9 billion. Despite this growth, net loss widened to $(23.8) million from $(18.1) million in 2021. Adjusted EBITDA remained negative at $(6.1) million. Looking ahead, Flywire expects third-quarter revenue between $94 million and $98 million and fiscal-year revenue between $283 million and $294 million.

Flywire Corporation has acquired Cohort Go, enhancing its position in the international education payments sector. This strategic move aims to expand Flywire’s agent focus and accelerate product innovation for international students. With Cohort Go's network of over 1,000 agents in nearly 40 geographies, Flywire seeks to leverage new growth opportunities in the Asia-Pacific region. The acquisition is anticipated to modestly boost both revenue and adjusted EBITDA, as Flywire continues to address challenges in the education ecosystem.

Flywire Corporation (Nasdaq: FLYW) has announced the release of its Q2 2022 financial results scheduled for August 9, 2022, after market close. A conference call will follow at 5:00 PM ET, hosted by CEO Mike Massaro and other executives. The call will focus on financial outcomes and updates regarding the company’s operations and strategy. Flywire operates in the global payments enablement sector, supporting over 2,700 clients with a diverse range of payment methods in more than 140 currencies worldwide.