Flywire Q1 revenue $114.1M (+21% YoY); record 200+ new clients; Q2 guidance adjusted for FX and Canada shift

Flywire Corp

2024-Q1 EPS reported -$0.05 revenue$114,103,000

Revenue $114.1M (+21% YoY); Revenue Less Ancillary Services $110.2M (+24%).
Net loss $6.2M (vs $3.7M loss); Adjusted EBITDA $13.2M (vs $7.0M).
Signed 200+ new clients in Q1, highest quarterly total; now supports over 4,000 clients globally.
Appointed Cosmin Pitigoi as CFO; integrated with State Bank of India; partnered with VTEX in Latin America.
FY2024 guidance: Revenue $491-519M, Adjusted EBITDA $64-75M; Q2 Revenue $99-108M, Adjusted EBITDA $1-4M.

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 first quarter ended March 31, 2024 results: revenue $114.1 million, net income $6.2 million.

Period: first quarter ended March 31, 2024
Revenue: $114.1 million
Net income: $6.2 million
Result: reported results

Exact text from the filing

Flywire Advantage and strengthening our FlyMate community will position us well for the future.” First Quarter 2024 Financial Highlights: GAAP Results • Revenue increased 21% to $114.1 million in the first quarter of 2024, compared to $94.4 million in the first quarter of 2023. • Gross Profit increased to $70.4 million, resulting in Gross Margin of 61.7%, for the first

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Source: SEC EDGAR

accession 0001193125-24-133128

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