earnings
confidence high
sentiment positive
materiality 0.70
Flywire Q1 revenue up 43% to $64.6M; adds 130+ clients, guides FY revenue $269-279M
Flywire Corp
2023-Q1 EPS reported
-$0.10
revenue$64,553,000
- Revenue $64.6M (+43% YoY); net loss $(10.1)M vs $(8.7)M prior year.
- Total payment volume $4.2B (+46% YoY); revenue less ancillary services $59.3M (+47%).
- Adjusted EBITDA $1.8M vs $7.0M prior year; adjusted gross margin 65.5% (down 3.2 pts).
- Added over 130 clients in Q1, most since IPO; partnerships with Ascensus, Adapt IT, Tribal Group.
- Q2 2022 revenue guidance $50-53M; FY2022 revenue guidance $269-279M, adjusted EBITDA $10-14M.