Flywire’s integrated offering with Blackbaud will provide international students studying at over 1,000 U.S. independent schools with a streamlined payment experience, from enrollment through to tuition Partnership strengthens Flywire’s commitment to the K-12 education market in the United States BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, has announced a strategic partnership with Blackbaud (NASDAQ: BLKB), the le ...

BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today is announcing the appointment of Carleigh Jaques to its Board of Directors, effective immediately. Ms. Jaques will also serve as a member of the Audit Committee of Flywire’s Board of Directors. Ms. Jaques brings extensive experience in financial technology, payments, risk and capital markets to Flywire’s Board of Directors. She previously led multiple strategic and ...

Financial Data and Key Metrics - Revenue less ancillary services was $151.4 million, a 29.6% YoY increase [11] - Adjusted gross profit for the quarter was $101.9 million, up 27.2% YoY [11] - Adjusted EBITDA was $42.2 million, increasing by $14.7 million YoY, with a margin expansion of 429 basis points [11] - Total payment volume reached $11 billion, nearly double the average TPV of the prior two quarters, growing 24% YoY [41] - GAAP net income was $38.9 million, improving by $28.3 million YoY [48] Business Line Data and Key Metrics - Education vertical showed resilience despite headwinds from Canada and Australia, with strong growth in the UK and emerging markets [23][24] - Travel vertical saw new client wins, including luxury travel providers, with momentum moving upmarket [31][32] - Healthcare returned to modest YoY revenue growth, driven by new clients and deeper partner relationships [34] - B2B vertical saw organic revenue growth well above the corporate average, particularly in the insurance subvertical [36] Market Data and Key Metrics - The UK was a major growth market in education, with revenue growth accelerating YoY, driven by both new and existing clients [23][24] - Canada remains a challenging market due to restrictive immigration policies, with 2025 revenue expected to be flat compared to 2024 [28][29] - Australia's education market is smaller but faces potential moderation in growth due to emerging caps and immigration policies [30] Company Strategy and Industry Competition - The company aims to double revenue over the next several years while improving profitability and cash flow generation [6] - Flywire focuses on optimizing go-to-market capabilities, expanding its global payment network, and strengthening its FlyMate community [13][16][19] - The company continues to invest in vertical-specific solutions, such as its full suite student financial services (SFS) platform, to drive growth and market share [26][90] Management Commentary on Operating Environment and Future Outlook - Management highlighted the resilience of the business despite macro headwinds, particularly in the education sector [10] - The company expects to continue being a Rule of 40 company, balancing strong top-line growth with margin expansion and cash flow generation [12][53] - Management remains optimistic about product differentiation, business model diversity, and profitable growth opportunities across all verticals [53] Other Important Information - The company repurchased 1.3 million shares for approximately $23 million and utilized $45 million for the acquisition of Invoiced [49] - Flywire ended the quarter with $721.5 million in cash, cash equivalents, and investments, with no outstanding debt [48] Q&A Session Summary Question: Customer Adds and Vertical Growth - Over 200 net new clients were added, with travel slightly outpacing education in new client wins [56] - B2B showed notable growth, particularly in the insurance subvertical, while healthcare returned to modest growth [59] Question: Regulatory Risks in Canada and Australia - Canada's restrictive immigration policies continue to impact demand, with no expected recovery in 2025 [60][62] - Australia's growth is expected to moderate, but the market remains a growth opportunity [63] Question: Growth Algorithm and Margin Expansion - The company expects to double revenue over the next several years, with mid-20s growth and margin expansion into the 20% range [66][67] - Adjusted EBITDA margin is expected to improve by 300-600 bps annually, with a focus on cost discipline and operational efficiency [69] Question: Capital Allocation and M&A Strategy - Flywire remains focused on organic growth, strategic acquisitions, and opportunistic share buybacks [70][71] - The company prioritizes M&A that accelerates existing industry solutions, expands into new industries, and enhances client relationships [71] Question: Education Business and Emerging Markets - The education business is global, with significant opportunities in Europe, Latin America, and APAC, particularly in Mexico and Japan [84][85] Question: Student Financial Software (SFS) Monetization - SFS offers a revenue multiplier effect, with SaaS-style license revenue, payment plan revenue, and card activity revenue [90] - The company is accelerating SFS adoption through go-to-market efforts and customer events [103] Question: NRR and Retention Metrics - NRR remains strong, driven by adoption, product expansion, and expanding customer profiles, despite headwinds in Canada [95][96] Question: Healthcare Vertical Growth - Healthcare returned to growth due to new client wins and deeper partner relationships, with initiatives like Banner One driving operational benefits [111][112]

Flywire (FLYW) reported $151.4 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 29.6%. EPS of $0.30 for the same period compares to $0.08 a year ago.The reported revenue represents a surprise of +3.39% over the Zacks Consensus Estimate of $146.44 million. With the consensus EPS estimate being $0.14, the EPS surprise was +114.29%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40430 | --- | --- | |---------------------------------------------------------------------------------------|---------------- ...

Exhibit 99.1 Flywire Reports Third Quarter 2024 Financial Results Third Quarter Revenue Increased 27.2% Year-over-Year Third Quarter Revenue Less Ancillary Services Increased 29.6% Year-over-Year Boston, MA – November 7, 2024: Flywire Corporation (Nasdaq: FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today reported financial results for its third quarter ended September 30, 2024. "Our third quarter results highlight our ability to capture higher payment volumes with n ...

The upcoming report from Flyware (FLYW) is expected to reveal quarterly earnings of $0.11 per share, indicating an increase of 37.5% compared to the year-ago period. Analysts forecast revenues of $146.2 million, representing an increase of 25.2% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earning ...

Flyware (FLYW) closed the last trading session at $17.44, gaining 6.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.19 indicates a 33% upside potential.The mean estimate comprises 16 short-term price targets with a standard deviation of $3.23. While the lowest estimate of $18 indicates a 3.2% increase from the current price level, the most optimistic analyst expects the stoc ...

BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that its third quarter 2024 financial results will be released after market close on Thursday, November 7, 2024. Flywire will host a conference call to discuss its third quarter 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. The conference call will be w ...

At first-ever Flywire Fusion event, Flywire's momentum in solving cross-border and domestic payments challenges was on full display More than 100 U.S. institutions are powered by the full-suite or solutions of Flywire's Student Financial Software, which is delivering meaningful ROI Product leaders and industry experts share strategies to improve retention, drive recruitment and optimize student financial for domestic and international students success BOSTON and PHOENIX, Sept. 26, 2024 (GLOBE NEWSWIRE) -- F ...