SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Flywire
FlywireFlywire(US:FLYW) Prnewswire·2025-08-08 14:05

Core Insights - The complaint alleges that Flywire and its executives violated federal securities laws by making false or misleading statements regarding the sustainability of revenue growth and the impact of permit and visa-related restrictions on the business [2] Financial Performance - On February 25, 2025, Flywire reported a net loss of $15.9 million for the fourth quarter of 2024 and missed consensus estimates on key metrics [3] - Following the financial results announcement, Flywire's stock price dropped by $6.59 per share, or 37.4%, closing at $11.05 per share on February 26, 2025 [3] - The company also lowered its guidance for 2025 and announced a restructuring plan that includes a 10% reduction in its workforce [3]