Flywire Stock Soars On Q4 Results: EPS Beat, Revenue Beat
Portfolio Pulse from Erica Kollmann
Flywire Corporation (NASDAQ:FLYW) reported Q4 earnings surpassing analyst expectations with an EPS of 1 cent against an expected loss of 6 cents per share, and sales of $100.55 million, beating estimates by 10.97%. The company saw a 37.63% increase in sales year-over-year and a 33.2% increase in total payment volume. CEO Mike Massaro highlighted the year's strong performance and optimistic outlook for continued growth and EBITDA expansion. Flywire anticipates Q1 revenue between $110 million to $117 million and fiscal year 2024 revenue between $501 million to $535 million. Flywire shares surged 19.3% in after-hours trading to $29.25.
February 27, 2024 | 9:48 pm
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Flywire Corporation reported strong Q4 results, beating EPS and revenue estimates, with significant year-over-year growth. The company's optimistic outlook for Q1 and FY 2024 revenue forecasts further supports positive momentum.
Flywire's Q4 earnings beat, along with a strong year-over-year growth and positive revenue outlook for Q1 and FY 2024, indicate a robust financial health and operational efficiency. This performance, coupled with the after-hours stock price surge, suggests a positive short-term impact on the stock.
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