Flyware (FLYW) closed the last trading session at $28.25, gaining 28.8% 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 $35.71 indicates a 26.4% upside potential.The mean estimate comprises 17 short-term price targets with a standard deviation of $4.38. While the lowest estimate of $30 indicates a 6.2% increase from the current price level, the most optimistic analyst expects the s ...

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 ...

Flywire Corporation (NASDAQ:FLYW) Q4 2022 Results Conference Call February 28, 2023 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 Dan Perlin - RBC Capital Markets Jason Kupferberg - Bank of America Ashwin Shirvaikar - Citi John Davis - Raymond James Bob Napoli - William Blair Darrin Peller - Wolfe Research Tie ...

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 ...