Faruqi & Faruqi Reminds Flywire Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 23, 2025 - FLYW
Core Viewpoint - The complaint against Flywire alleges violations of federal securities laws, including overstated revenue growth and understated impacts from permit and visa restrictions, leading to materially false public statements [2]. Financial Performance - On February 25, 2025, Flywire reported a net loss of $15.9 million for the fourth quarter of 2024, missed consensus estimates, lowered its 2025 guidance, and announced a restructuring plan involving a 10% workforce reduction [3]. Market Reaction - 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].