Flywire Corp (OQ:FLYW)
Business Focus: Transaction & Payment Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 141 Tremont Street, Suite 10 BOSTON MA 02111 |
| Tel: | N/A |
| Website: | https://www.flywire.com |
| IR: | See website |
| Key People | ||
| Robert Orgel President, Chief Operating Officer | Michael Massaro Chief Executive Officer, Director | Cosmin Pitigoi Chief Financial Officer, Principal Accounting Officer |
| David King Chief Technology Officer | Peter Butterfield Chief Compliance Officer, General Counsel | |
| Business Overview |
| Flywire Corporation is a global payments enablement and software company. The Company's payments platform, global payment network and vertical-specific software help its clients get paid and help their customers pay. The Company uses its vertical-specific software and payments technology to retail and e-commerce industries including education, healthcare, travel, and business-to-business (B2B) payments. Its customers integrate its platform into their existing apps and workflows once and have access to a full suite of solutions, including tailored invoicing, settlement, and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. The Company's platform automates and manages the process from initial invoice delivery through payment settlement and core system reconciliation. The Company serves more than 2,800 institutions. In healthcare, it serves more than 90 healthcare systems. |
| Financial Overview |
| For the three months ended 31 March 2024, Flywire Corp revenues increased 21% to $114.1M. Net loss increased 69% to $6.2M. Revenues reflect Transactions segment increase of 25% to $95.2M, Platform and usage-based fees segment increase of 5% to $18.9M, EMEA segment increase of 67% to $36.2M, APAC segment increase of 60% to $20.1M. |
| Employees: | 1,200 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,565M as of Mar 31, 2024 |
| Annual revenue (TTM): | $422.84M as of Mar 31, 2024 |
| EBITDA (TTM): | -$3.96M as of Mar 31, 2024 |
| Net annual income (TTM): | -$11.10M as of Mar 31, 2024 |
| Free cash flow (TTM): | $57.70M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 124,200,994 as of May 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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