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.
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with explosive earnings growth, and the upward trend shows no signs of stopping
as the industry has posted a 18.1% gain over the past six months, beating the S&P 500 by 12.8 percentage points.
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.
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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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.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Marqeta (NASDAQMQ) and the best and worst performers in the finance and HR software industry.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how finance and HR software stocks fared in Q3, starting with Flywire (NASDAQFLYW).
