For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Flyware (FLYW) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Flyware is a member of our Business Services group, which includes 315 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges th ...

Financial Data and Key Metrics - Revenue less ancillary services grew by 43% year-on-year in FY 2023, reaching $42 million in adjusted EBITDA, which is 11% of revenue less ancillary services [10] - Q4 2023 revenue less ancillary services was $96.1 million, a 43% increase year-over-year, with adjusted gross profit at $63.5 million, up 42% year-over-year [38] - Adjusted EBITDA for Q4 2023 was $7.7 million, a $6.7 million increase from Q4 2022 [38] - The company processed $5.4 billion in payment volumes during Q4 2023, a 33% increase from Q4 2022 [57] - Cash and equivalents stood at $655 million as of December 31, 2023, with no long-term debt [58] Business Line Data and Key Metrics - In education, the company expanded its higher education footprint globally, with notable growth in the UK and Asia Pacific, and increased its full suite solution in the US [11] - In healthcare, the company accelerated its partnership strategy, solidifying relationships with Cerner and FinThrive, and bolstered its global payment network with a focus on India and China [12] - In travel, the company experienced strong growth in new clients, particularly with tour operators and destination management companies in EMEA and APAC regions [40] - The B2B vertical is the fastest-growing, with significant traction in subsegments like insurance, software, and manufacturing [55] Market Data and Key Metrics - The company estimates its TAM in education to be $660 billion, in healthcare $500 billion, in travel $530 billion, and in B2B $10 trillion [51][25][54][55] - The company signed over 700 new clients in 2023, including over 170 in Q4, and now serves more than 3,800 clients globally [39] - The company moved more than $24 billion through its global payment network in 2023, a 33% increase year-over-year [39] Company Strategy and Industry Competition - The company plans to focus on optimizing go-to-market capabilities, expanding its Flywire advantage, and strengthening its FlyMate community in 2024 [13] - The company is investing in its API strategy to better serve clients and partners, and is focusing on embedding payments into existing software and workflows [15][43] - The company is exploring new areas of focus, such as ocean experiences and niche online travel agencies, and has gone live with Aqua Expeditions, a luxury travel company [27] Management Commentary on Operating Environment and Future Outlook - The company expects strong growth in 2024 despite a complex macro environment, with revenue less ancillary services projected to be between $483 million and $509 million, representing 30% year-over-year growth at the midpoint [32] - The company anticipates adjusted EBITDA in the range of $65 million to $76 million for 2024, with a 320 basis point improvement in adjusted EBITDA as a percentage of revenue less ancillary services [32] - The company is confident in its ability to deliver positive net income and continue its growth trajectory [13] Other Important Information - The company has more than 90 partnerships and tech ERP integrations across its verticals, which help identify new clients and accelerate implementations [14] - The company is investing in building a public API to surface the power of its payments platform, allowing customers to integrate the API into their existing ERPs or software [44] - The company is focusing on strategic payables opportunities, particularly around commission payments in travel and education verticals [45] Q&A Session Summary Question: Impact of Canadian regulatory changes on revenue and seasonality - The company expects a mid-single-digit million-dollar impact on Q1 2024 revenue due to changes in Canada, with a full-year impact in the low teens millions [66][67] - The company is confident in its ability to offset the impact through its diverse client base and strong execution [94] Question: Drivers of net revenue retention (NRR) growth - The company attributes NRR growth to expanding its footprint within existing clients, adding new products and services, and growing its payment network [61][97] Question: Expectations for 2024 revenue growth and volume - The company expects continued growth in payment volumes, particularly in B2B and travel, with education and healthcare also contributing to overall growth [73] Question: CFO transition and margin outlook - The company is confident in the CFO transition, with no significant changes expected in cost dynamics or margin expansion strategies [124] Question: Update on client implementation delays - The majority of delayed implementations have gone live, with the company feeling good about the status of projects that have gone live on time [129] Question: Payer services initiative and opportunities - The company sees significant opportunities in payer services, particularly in insurance and other value-added services for students and travelers [132][133] Question: FX volume in India - FX volume in India normalized in Q4 2023, with the company satisfied with the growth and FX percentage [135] Question: Guidance range and visibility - The company expanded its revenue guidance range to account for uncertainty around Canadian regulatory challenges, with plans to narrow the range as the year progresses [138]

Flyware (FLYW) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 112.50%. A quarter ago, it was expected that this payments company would post earnings of $0.10 per share when it actually produced earnings of $0.08, delivering a surprise of -20%.Over the last four quarters, the co ...

The market expects Flyware (FLYW) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Provides students in India a fully digital checkout experience for cross-border education payments Partnership with India's largest public sector bank expands Flywire's presence in India, an important outbound student market BOSTON and MUMBAI, India, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments enablement and software company, today announced that it has partnered with State Bank of India, India's largest public sector bank, to enable Indian payers to sea ...

Flywire Corporation (NASDAQ:FLYW) Q2 2023 Earnings Conference Call August 8, 2023 5:30 PM ET Company Participants Mike Massaro - Chief Executive Officer Rob Orgel - President, Chief Operating Officer Mike Ellis - Chief Financial Officer Akil Hollis - Investor Relations Conference Call Participants Dan Perlin - RBC Capital Markets Tyler DuPont - Bank of America Ashwin Shirvaikar - Citi John Davis - Raymond James Rob Napoli - William Blair Darrin Peller - Wolfe Research Tien-tsin Huang - JP Morgan Joel Richar ...

Financial Data and Key Metrics Changes - For Q4 2022, revenue less ancillary services was $67.4 million, representing year-over-year growth of 47% or 57% on a constant currency basis [5][41] - Adjusted gross profit for Q4 was $44.5 million, an increase of 40% year-over-year, while adjusted EBITDA was $1 million for the quarter [5][78] - For the full year 2022, revenue less ancillary services was $267.1 million, reflecting a 47% growth rate [40] Business Line Data and Key Metrics Changes - The travel vertical saw significant growth, with revenue more than tripling, and Q4 travel revenue in the Asia Pacific region exceeded 80% of total travel revenue for Q4 2021 [6][18] - In education, Flywire expanded its offerings to existing clients, such as St. Louis University, enhancing their payment solutions [16] - The B2B vertical is expanding integrations with leading ERP systems to drive higher adoption of invoicing and accounts receivable collection solutions [37] Market Data and Key Metrics Changes - In the travel sector, over 80% of luxury travelers reported spending more on travel in 2023 compared to 2022, indicating strong demand [12] - The company is optimistic about international education, with positive trends in student mobility and enrollment [59] - The health care vertical signed over 15 new clients and expanded services with 22 existing clients in 2022 [35] Company Strategy and Development Direction - The company aims to invest in go-to-market strategies, expand the Flywire Advantage, and strengthen the FlyMates community [9][11] - Focus on product and payment innovation to enhance vertical ecosystems, particularly in education and health care [28][29] - Continued integration of Cohort Go to enhance capabilities and expand client offerings [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of their verticals and the strong underlying economics of the business [51] - The company anticipates adjusted EBITDA improvement in 2023 and continued growth in 2024 [14] - Management highlighted the importance of client retention and expansion, with a net revenue retention (NRR) rate of 124% for 2022 [62] Other Important Information - The company processed $4.1 billion in total payment volume during Q4 2022, a 29% increase from Q4 2021 [73] - Adjusted gross margin for Q4 2022 was 66.0%, down from 69.3% in Q4 2021, primarily due to growth in travel and B2B verticals [75] - The company had $349 million in cash and cash equivalents and no long-term debt as of December 31, 2022 [47] Q&A Session Summary Question: What assumptions are made regarding macro expectations for guidance? - Management indicated that the model does not assume extreme changes in the macro environment, focusing instead on existing client growth and strong pipeline numbers [84][85] Question: How does the company envision expanding the Flywire Advantage? - The company sees opportunities to convert non-Flywire clients into payment clients, enhancing the funnel for future growth [86][100] Question: What factors could drive the lower or upper part of the revenue outlook range? - Management highlighted confidence in the range due to strong NRR and new client signs, with no significant assumptions around inorganic growth [94][95]

Flywire Corporation (NASDAQ:FLYW) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Akil Hollis - Vice President of Investor Relations and FP&A Mike Massaro - Chief Executive Officer Rob Orgel - President and Chief Operating Officer Mike Ellis - Chief Financial Officer Conference Call Participants Bob Napoli - William Blair Andrew Bauch - Nikko Securities Will Nance - Goldman Sachs Tien-Tsin Huang - J.P. Morgan Darrin Peller - Wolfe Research Ashwin Shirvaikar - Citi Dan Perli ...

Flywire Corporation (NASDAQ:FLYW) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Representatives Mike Massaro - Chief Executive Officer Rob Orgel - President and Chief Operating Officer Mike Ellis - Chief Financial Officer. Akil Hollis - Vice President of Investor Relations, FP&A Conference Call Participants Bob Napoli - William Blair Dan Perlin - RBC Capital Markets Andrew Bauch - SMBC Nikko Darrin Peller - Wolfe Research Ashwin Shirvaikar - Citi John Davis - Raymond James Joel Riec ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | Disclosures This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this presentation, including statements regarding Flywire's ability to successfully implement Flywire's business plan, future results of operations and financial p ...