Flywire Corp is a global payments enablement and software platform that specializes in providing seamless payment solutions for various sectors, including education, healthcare, and travel
The company facilitates cross-border payments, allowing businesses and institutions to manage their payment processes efficiently and securely. Flywire streamlines the payment experience for customers by offering features such as currency conversion, invoicing, and tracking, thereby enhancing the overall financial transaction process. With a focus on technology and compliance, Flywire aims to simplify complex payment flows and improve cash flow for its clients while delivering a user-friendly experience for payers.
Flywire shares closed over 37% lower on Wednesday after the company’s fourth-quarter losses disappointed investors. Revenue rose 17% to $117.6 million in the fourth quarter but fell short of a Wall Street estimate of $118.85 million.
Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Flywire Corporation (“Flywire” or the “Company”) (NASDAQFLYW) investors concerning the Company’s possible violations of the federal securities laws.
Law Offices of Howard G. Smith announces an investigation on behalf of Flywire Corporation (“Flywire” or the “Company”) (NASDAQFLYW) investors concerning the Company’s possible violations of federal securities laws.
Shares of cross border payment processor Flywire (NASDAQFLYW)
fell 41.7% in the morning session after the company reported poor fourth-quarter 2024 results: its revenue guidance for next quarter fell significantly short of expectations, and revenue missed Wall Street's estimates.
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The Law Offices of Frank R. Cruz announces an investigation of Flywire Corporation (“Flywire” or the “Company”) (NASDAQFLYW) on behalf of investors concerning the Company’s possible violations of federal securities laws.
JP Morgan maintains Neutral rating on Flywire Corp with $16 price target. Revenue and EBITDA miss attributed to headwinds and visa changes. Sertifi acquisition helps accelerate Travel business growth.
Cross border payment processor Flywire (NASDAQFLYW) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 16.9% year on year to $117.6 million. Next quarter’s revenue guidance of $127.2 million underwhelmed, coming in 8.7% below analysts’ estimates. Its GAAP loss of $0.12 per share was significantly below analysts’ consensus estimates.
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Acquisition expands Flywire’s travel footprint into new subsegments of travel & hospitality, including large-scale branded hotels, luxury hotels, and boutique accommodations
BOSTON, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its fourth quarter and full year 2024 financial results will be released after market close on Tuesday, February 25, 2025. Flywire will host a conference call to discuss its fourth quarter and full year 2024 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO.
State Bank of India (SBI) strengthens partnership with Flywire to enhance the digital payment experience for loans funded and managed by State Bank of India
