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Flywire Q2 Earnings Call Highlights
['Tyrone Williams']
Daily Political
Flywire (NASDAQ:FLYW) reported second-quarter results that exceeded its expectations, led by travel performance, hospitality payment processing and stronger-than-anticipated contributions from healthcare and B2B payment-processing ramps.
Pitigoi said the second quarter is Flywire’s smallest revenue quarter seasonally and that net income and free cash flow are expected to be strongly positive for the full year.
Education revenue also exceeded internal expectations.
Management cautioned that education payment timing around U.K. deadlines and Chinese holidays could affect the quarter-to-quarter distribution of second-half revenue.
About Flywire (NASDAQ:FLYW)Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions.