 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Flywire Corporation (FLYW) operates as a payments enablement and software company in the United States and internationally. 
Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.
The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.
It serves education, healthcare, travel, and business to business organizations.
On May 9th, FLYW reported a 1st Quarter March 2023 loss of $0.03 per share on revenue of $94.4 million. The consensus estimate was a loss of $0.05 per share on revenue of $84.5 million. Revenue grew 59.1% on a year-over-year basis.
Guided Higher: The company said it expects second quarter revenue of $76.0 million to $81.0 million and 2023 revenue of $380.0 million to $398.0 million. The company's previous guidance was 2023 revenue of $373.0 million to $392.0 million. The previous consensus revenue estimate for Q2 was $71.30 million for the quarter ending June 30, 2023 and revenue of $367.66 million for the year ending December 31, 2023.
Shares are heading higher in an upward trading channel, and are expected to reach top of the said channel shortly. The formation is supported by the stock's 50-day moving average.
Entry Point: $29.00
Trading Range: $14.56 to $30.96
Stop Loss: $27.50
Target Price: $32.00
