Flywire (NASDAQ:FLYW) Beats Q1 Sales Targets But Stock Drops 14.9% [Yahoo! Finance]
Flywire Corporation - Voting (FLYW)
Company Research
Source: Yahoo! Finance
Revenue guidance for the full year also exceeded analysts' estimates but next quarter's guidance of $103.5 million was less impressive, coming in 3.5% below expectations. It made a GAAP loss of $0.05 per share, down from its loss of $0.03 per share in the same quarter last year. Is now the time to buy Flywire? Find out in our full research report Flywire (FLYW) Q1 CY2024 Highlights: Revenue: $114.1 million vs analyst estimates of $107.7 million (6% beat) EPS: -$0.05 vs analyst estimates of -$0.03 (-$0.02 miss) Revenue Guidance for Q2 CY2024 is $103.5 million at the midpoint, below analyst estimates of $107.2 million The company dropped its revenue guidance for the full year from $518 million to $505 million at the midpoint, a 2.5% decrease Gross Margin (GAAP): 63.5%, in line with the same quarter last year Free Cash Flow was -$39.61 million, down from $58.83 million in the previous quarter Market Capitalization: $2.48 billion "We are pleased with our 2024 first qua
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News
- Flywire improves efficiency and cash flow for higher education institutions with expanded availability of third-party invoicing solution [Yahoo! Finance]Yahoo! Finance
- Flywire improves efficiency and cash flow for higher education institutions with expanded availability of third-party invoicing solutionGlobeNewswire
- Flywire Corporation (NASDAQ:FLYW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Flywire to Attend Upcoming Investor ConferencesGlobeNewswire
- Flywire Co. (NASDAQ: FLYW) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $32.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
FLYW
Earnings
- 5/7/24 - Miss
FLYW
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 4
- 5/7/24 - Form 10-Q
- FLYW's page on the SEC website