Flywire Q2 revenue $84.9M (+50% YoY); net loss narrows; raises FY2023 outlook

Flywire Corp

2023-Q2 EPS reported -$0.19 revenue$179,226,000

Revenue $84.9M, up 50.3% YoY; net loss improved to $16.8M from $23.8M YoY.
Revenue less ancillary services $79.5M (+54.4% YoY; +56.7% constant currency).
Total payment volume $4.1B, up 43% YoY.
Adjusted gross profit $50.5M (63.5% margin; down 330 bps YoY due to FX settlement losses).
Company raises FY2023 guidance and provides Q3 outlook.

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 0.95

Flywire Corp reported second quarter ended June 30, 2023 results: revenue $84.9 million, net income $(16.8) million. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $84.9 million
Net income: $(16.8) million
Guidance: raised
Result: preliminary results

Exact text from the filing

for the second half of the year, leading us to increase our guidance for fiscal year 2023.” Second Quarter 2023 Financial Highlights: GAAP Results • Revenue increased 50.3% to $84.9 million in the second quarter of 2023, compared to $56.5 million in the second quarter of 2022. • Gross Profit increased to $48.8 million, resulting in Gross Margin of 57.5%, for the

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Source: SEC EDGAR

accession 0001193125-23-206282

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