Flywire Q2 revenue up 53% to $56.5M; guides FY revenue $283-294M

Flywire Corp

2022-Q2 EPS reported -$0.32 revenue$121,090,000

Revenue $56.5M (+53% YoY); Revenue Less Ancillary Services $51.5M (+56% YoY); Total Payment Volume $2.9B (+49%).
Net loss of $(23.8)M vs $(18.1)M; Adjusted EBITDA $(6.1)M vs $(0.1)M.
Adjusted Gross Profit $33.2M with 64.5% margin vs 68.2% a year ago.
Acquired Cohort Go in July to boost international education agent channel and Asia-Pacific presence.
Q3 guidance: Revenue $94-98M; FY guidance: Revenue $283-294M, Adjusted EBITDA $13-17M.

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