secwatch.observer — SEC 8-K summary
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Issuer:     Flywire Corp (FLYW)
CIK:        0001580560
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001193125-22-146349
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flywire Q1 revenue up 43% to $64.6M; adds 130+ clients, guides FY revenue $269-279M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580560/000119312522146349/0001193125-22-146349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580560/000119312522146349/d286327d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-146349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer