Flywire Q1 revenue up 46% to $94.4M; net loss narrows to $3.7M

Flywire Corp

2023-Q1 EPS reported -$0.03 revenue$94,357,000

Revenue $94.4M (+46.1% YoY); Revenue Less Ancillary Services $89.1M (+50.3%, +56.9% constant currency).
Total Payment Volume $5.7B (+35.8% YoY); Gross margin 61.8%, adjusted gross margin 67.2%.
Net loss improved to $3.7M from $10.1M in Q1 2022.
Record sales quarter achieved — largest in company history with record number of clients signed.
Provided Q2 and FY2023 outlook (specific guidance not detailed in provided excerpt).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Flywire Corp reported first quarter ended March 31, 2023 results: revenue $94.4 million, net income Net loss was $3.7 million.

Period: first quarter ended March 31, 2023
Revenue: $94.4 million
Net income: Net loss was $3.7 million
Result: preliminary results

Exact text from the filing

ahead, and we are eager to capitalize on our momentum as we progress throughout the year.” First Quarter 2023 Financial Highlights: GAAP Results • Revenue increased 46.1% to $94.4 million in the first quarter of 2023, compared to $64.6 million in the first quarter of 2022. • Gross Profit increased to $58.3 million, resulting in Gross Margin of 61.8%, for the first

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Source: SEC EDGAR

accession 0001193125-23-139432

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