secwatch.observer — SEC 8-K summary
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Issuer:     Flywire Corp (FLYW)
CIK:        0001580560
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-139432
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580560/000119312523139432/0001193125-23-139432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580560/000119312523139432/d421098d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139432

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