Images By Tang Ming Tung Investment summary My previous investment thought on Flywire Corporation (NASDAQ:FLYW) (published in June 2024) was a buy rating because I was bullish on its growth outlook, supported by its scale advantage, and also a clear path to expand margins. I remain confident in the fundamental outlook of the business as underlying growth metrics remain robust and there are visible growth catalysts to support near-term growth. The recent acquisition also makes FLYW a much better business wit ...

BOSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW)("Flywire" or the "Company") a global payments enablement and software company, today announced that the Company will be attending the following upcoming investor conferences: On Wednesday, September 11, 2024, the Company will attend the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA. They will participate in a fireside chat discussion which will begin at 3:05pm PT. On Friday, September 13, 2024, the Company ...

Flywire Corporation (NASDAQ:FLYW) Q2 2024 Results Conference Call August 6, 2024 5:00 PM ET Company Participants Allison MacLeod - Chief Marketing Officer Michael Massaro - CEO & Director Robert Orgel - President & COO Cosmin Pitigoi - CFO and Principal Financial & Accounting Officer Conference Call Participants John Davis - Raymond James Tyler DuPont - BofA Tien-Tsin Huang - JPMorgan Andrew Schmidt - Citi Dan Perlin - RBC Capital Markets Ken Suchoski - Autonomous Research Chris Kennedy - William Blair Darr ...

For the quarter ended June 2024, Flyware (FLYW) reported revenue of $99.9 million, up 25.7% over the same period last year. EPS came in at -$0.11, compared to -$0.15 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $99.59 million, representing a surprise of +0.31%. The company delivered an EPS surprise of -22.22%, with the consensus EPS estimate being -$0.09. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Flyware (FLYW) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this payments company would post a loss of $0.04 per share when it actually produced a loss of $0.05, delivering a surprise of -25%. Over the last four quarters, the company has surpas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered 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 June 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 FLYWIRE CORPORATION (Exact Name of Registran ...

Exhibit 99.1 Flywire Reports Second Quarter 2024 Financial Results Second Quarter Revenue Increased 22% Year-over-Year Second Quarter Revenue Less Ancillary Services Increased 26% Year-over-Year Company Announces Acquisition of Invoiced, an Award-Winning Accounts Receivable SaaS Platform Board of Directors Authorizes $150 Million Share Repurchase Program Boston, MA – August 6, 2024: Flywire Corporation (Nasdaq: FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today repor ...

Second Quarter Revenue Increased 22% Year-over-Year Second Quarter Revenue Less Ancillary Services Increased 26% Year-over-Year Company Announces Acquisition of Invoiced, an Award-Winning Accounts Receivable SaaS Platform Board of Directors Authorizes $150 Million Share Repurchase Program BOSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today reported financial results for its second quarter ended Jun ...

Acquisition Overview - Flywire Corporation acquires Invoiced, a SaaS platform specializing in B2B finance automation, to enhance its B2B payments business and expand its software suite for global clients [1] - The acquisition is expected to monetize several billion dollars of domestic and international invoicing volume managed annually by Invoiced [1] - Flywire estimates the target B2B segment to be responsible for approximately $10 trillion in global payment volume [1] Invoiced's Capabilities - Invoiced's SaaS platform automates Accounts Receivable (A/R) processes, including invoice management, payer communication, and payment reconciliation with ERP systems [2] - The platform integrates with leading accounting systems and ERPs such as Oracle's NetSuite, Sage Intacct, and Microsoft Business Dynamics [2] - Invoiced was recently named the 1 2024 A/R Automation Software by G2 Crowd [2] Strategic Benefits - The combination of Invoiced's A/R automation software with Flywire's global payment network, which supports over 140 currencies across 240 countries, is expected to provide a full-suite software and payments solution for the B2B industry [2] - Flywire's CEO emphasizes that the acquisition aligns with the company's thesis that software drives value in payments and will accelerate its product roadmap [3] Market Trends - The global Accounts Receivable Automation revenue market is projected to grow from USD 3.3 billion in 2022 to USD 6.5 billion by 2027, at a CAGR of 14.2% [4] - Businesses are increasingly investing in A/R solutions to improve financial operations, cash flow management, and compliance with tax regulations [4] Financial Impact - Flywire expects Invoiced to contribute approximately $2 million in revenue with software-like gross margins in FY 2024 [5] - The company plans to reinvest the majority of the margin dollars to grow the combined business [5] Flywire's Core Business - Flywire is a global payments enablement and software company that combines its proprietary payments network, next-gen platform, and vertical-specific software to deliver complex payments for clients [7] - The company supports over 4,000 clients with diverse payment methods in more than 140 currencies across 240 countries and territories [9] Integration and Expansion - Flywire leverages its vertical-specific software and payments technology to embed within A/R workflows for clients in education, healthcare, travel, and key B2B industries [8] - The company integrates with leading ERP systems like NetSuite to optimize payment experiences and eliminate operational challenges [8]

Flywire is reportedly exploring a sale after seeing interest in a takeover. The payments processor, which has a market value of $2.3 billion, is working with investment bankers to evaluate interest from private equity firms and other potential buyers, Reuters reported Friday (Aug. 2), citing unnamed sources. The talks are in the early stages and may not result in a deal, according to the report. Flywire did not immediately reply to PYMNTS' request for comment. Potential buyers' interest in an acquisition of ...