Flywire Corp Stock Price, News & Analysis

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.

Flywire Corporation (Nasdaq: FLYW) announced that its ROI for U.S. hospitals and health systems is 269% over three years, according to a Forrester study.

Key findings include:

• 29% increase in revenue collections.
• 30% reduction in staff involvement in billing.
• 20% decrease in costs for paper statements.
• Improved patient satisfaction and standardized billing.

Flywire Corporation (Nasdaq: FLYW) announced its participation in three upcoming investor conferences. On May 25, 2022, Flywire will host a fireside chat at J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference in Boston at 1:10 PM ET. The following chats will occur at the William Blair & Company Growth Stock Conference on June 8 at 10:20 AM ET in Chicago, and the RBC Financial Technology Conference on June 14 at 9:35 AM ET in New York. Live webcasts will be available on Flywire’s investor relations website.

Flywire Corporation reported a 43% increase in revenue to $64.6 million in Q1 2022, driven by education and travel sectors. Revenue less ancillary services rose 47% to $59.3 million, and total payment volume grew 46% to $4.2 billion. Despite these gains, the net loss widened to $(10.1) million from $(8.7) million year-over-year. Flywire added over 130 clients in Q1, marking its strongest client growth since its IPO. The company forecasts Q2 revenue between $50-$53 million and a fiscal-year revenue of $269-$279 million.