On August 8 2023, FLYWIRE CORPORATION ($NASDAQ:FLYW) published the financial results for Q2 of FY2023 (ended June 30 2023). Total revenue was USD 84.9 million, representing a 50.1% increase from the same period last year. Net income, however, decreased by 7 million, amounting to USD -16.8 million.
FLYWIRE CORPORATION, a financial technology company, announced the release of its second quarter FY2023 earnings results on August 8th. On Tuesday, the company’s stock opened at $33.0 and closed at $32.2, marking a 3.7% decrease from the prior closing price of 33.4. FLYWIRE CORPORATION’s CEO Mike Massaro commented on the results, “We are very pleased to report record second quarter results, driven by strong performance across all areas of the business. We continue to benefit from our investments in our product and platform capabilities, enabling us to expand our global reach and enhance our value proposition for customers.”
FLYWIRE CORPORATION is well-positioned to continue its success as it rapidly expands its presence in the financial technology industry. The company is investing in its platform to meet the increasing demand for digital payment solutions around the world. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Flywire Corporation. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Supplement
Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Flywire Corporation are shown below. More…
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At GoodWhale, we recently analyzed FLYWIRE CORPORATION and have determined that it is a medium risk investment when it comes to its financial and business aspects. We assigned the company a Risk Rating of Medium, which indicates that there are some risks associated with investing in this company. We also identified one risk warning in FLYWIRE CORPORATION’s balance sheet. To gain access to this information, you will need to become a registered user of GoodWhale. Once you have done so, you will be able to view the details of the risk warning and make an informed decision about investing in this company. More…
Risk Rating Analysis
Star Chart Analysis
The company competes with Mobi724 Global Solutions Inc, Appliqate Inc, and IronNet Inc.
– Mobi724 Global Solutions Inc ($TSXV:MOS)
Mobi724 Global Solutions Inc is a Canadian company that provides end-to-end mobile payment solutions. The company’s solutions include a mobile wallet, point-of-sale, and loyalty program. Mobi724 Global Solutions Inc has a market cap of 2.86M as of 2022, a Return on Equity of 24.7%. The company’s solutions are used by major retailers, such as 7-Eleven and Best Buy, in North America and Europe.
IronNet Inc is a publicly traded company with a market capitalization of $66.76 million as of 2022. The company has a negative return on equity of 2822.93%. IronNet Inc is engaged in the business of providing security solutions to businesses and organizations. The company’s products and services include firewall, intrusion detection and prevention, and vulnerability management.
FLYWIRE CORPORATION reported their second quarter FY2023 results on August 8 2023. The company reported total revenue of USD 84.9 million, an increase of 50.1% compared to the prior year. Net income was USD -16.8 million, a decrease of 7 million from the last year. Despite the reported growth in revenue, the company’s stock price moved down on the same day.
Investors considering investing in FLYWIRE CORPORATION should consider factors such as revenue growth, net income, and balance sheet strength to make an informed decision. Furthermore, they should monitor the stock price over time to gain insight into market sentiment and gauge future performance expectations.