secwatch.observer — SEC 8-K summary
======================================

Issuer:     Flywire Corp (FLYW)
CIK:        0001580560
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001193125-24-194919
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flywire Q2 revenue up 22% to $103.7M; guides FY revenue lower, raises EBITDA outlook; authorizes $150M buyback
--------------------------------------------------------------------------------

- Q2 revenue $103.7M (+22% YoY); Revenue Less Ancillary Services $99.9M (+26% YoY).
- Adjusted EBITDA $5.8M vs ($0.1M) YoY; net loss improved to $13.9M from $16.8M.
- FY2024 revenue guidance lowered to $483-$506M due to Canadian education headwinds; Adjusted EBITDA guidance raised to $72-$80M.
- Board authorized $150M share repurchase program; acquired Invoiced (AR SaaS platform, terms undisclosed).
- Signed 200+ new clients in Q2; total payment volume $4.9B (+19% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580560/000119312524194919/0001193125-24-194919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580560/000119312524194919/d882377d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-194919

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