Flywire(US:FLYW) Prnewswireยท2025-08-20 21:30Core Points - A class action has been filed against Flywire Corporation on behalf of investors who acquired its securities between February 28, 2024, and February 25, 2025 [1] - Allegations include that Flywire misled investors about the sustainability of its revenue growth and downplayed the negative impact of permit and visa-related restrictions on its business [2] - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, expecting revenue declines of over 30% year-over-year in Canadian and Australian markets due to policy changes and new visa rules [3] - Following the announcement, Flywire's stock price dropped by $6.59, or 37.36%, closing at $11.05 per share on February 26, 2025 [3] Company and Industry Summary - Flywire operates as a payments-enablement and software company both in the U.S. and internationally [1] - The company is facing scrutiny regarding its revenue growth claims and the effects of regulatory changes on its operations [2] - The recent financial disclosures have led to analyst downgrades and price target cuts, indicating a negative outlook for the company's performance [3]