Flywire Corp is a global payments enablement and software platform that specializes in providing seamless payment solutions for various sectors, including education, healthcare, and travel
The company facilitates cross-border payments, allowing businesses and institutions to manage their payment processes efficiently and securely. Flywire streamlines the payment experience for customers by offering features such as currency conversion, invoicing, and tracking, thereby enhancing the overall financial transaction process. With a focus on technology and compliance, Flywire aims to simplify complex payment flows and improve cash flow for its clients while delivering a user-friendly experience for payers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Marqeta (NASDAQMQ) and the best and worst performers in the finance and HR software industry.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how finance and HR software stocks fared in Q3, starting with Flywire (NASDAQFLYW).
Shares of cross border payment processor Flywire (NASDAQFLYW)
jumped 16.1% in the afternoon session after the company reported impressive third-quarter earnings, which revealed significant gross margin improvement and strong revenue growth, which beat consensus estimates.
Cross border payment processor Flywire (NASDAQFLYW) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 27.2% year on year to $156.8 million. Guidance for next quarter’s revenue was optimistic at $125 million at the midpoint, 2.3% above analysts’ estimates. Its GAAP profit of $0.30 per share was also 90.8% above analysts’ consensus estimates.
Cross border payment processor Flywire (NASDAQFLYW)
will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Workiva (NYSEWK) and the rest of the finance and hr software stocks fared in Q2.
