NASDAQ$FLYW
Flywire Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Flywire's Q1 2023 financial results were reported, demonstrating strong revenue growth and client acquisition.
Flywire reported a strong first quarter with revenue increasing by 46.1% year-over-year to $94.4 million and a net loss of $3.7 million, an improvement from the previous year. The company also achieved its largest sales quarter in history, signing a record number of new clients.
- Revenue increased by 46.1% year-over-year, reaching $94.4 million.
- Gross profit increased to $58.3 million, with a gross margin of 61.8%.
- Net loss improved to $3.7 million, compared to $10.1 million in the first quarter of 2022.
- Total Payment Volume increased 35.8% to $5.7 billion.
Headline financials
Revenue & EPS history
Flywire · Revenue · Quarterly
$94.4M
Forward guidance
Flywire anticipates revenue between $76 to $81 million and revenue less ancillary services between $71 to $75 million for the second quarter of 2023. For the full year 2023, the company anticipates revenue between $380 to $398 million and revenue less ancillary services between $360 to $370 million.
Tailwinds
- Second Quarter 2023 Revenue is expected to be $76 to $81 million
- Second Quarter 2023 Revenue Less Ancillary Services is expected to be $71 to $75 million
- Second Quarter 2023 Adjusted EBITDA is expected to be between $(5) to $(3) million
- Fiscal-Year 2023 Revenue is expected to be $380 to $398 million
- Fiscal-Year 2023 Revenue Less Ancillary Services is expected to be $360 to $370 million
Headwinds
- Second Quarter 2023 Adjusted EBITDA is expected to be negative
- Foreign exchange rates prevailing as of March 31, 2023 have been assumed.
- Company is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence.
- These items include, but are not limited to income taxes which are directly impacted by unpredictable fluctuations in the market price of Flywire’s stock.
- These statements are forward-looking and actual results may differ materially.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+2.0%
Avg return
30 days after
64%
14 / 22 earnings
Positive
+19.6%
Q4 2023
Best reaction
-37.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | +21.2% | +2.5% | |
| Q4 2025 | +11.4% | +10.6% | +1.1% | |
| Q3 2025 | +0.1% | +2.2% | +0.5% | |
| Q1 2025 | +8.4% | +12.5% | +4.6% | |
| Q4 2024 | -37.4% | -39.0% | -45.6% | |
| Q3 2024 | +16.9% | +26.1% | +19.6% | |
| Q2 2024 | +1.5% | +0.0% | -2.6% | |
| Q1 2024 | -13.8% | -12.1% | -13.2% | |
| Q4 2023 | +19.6% | +17.1% | +2.9% | |
| Q3 2023 | -24.2% | -27.1% | -17.9% | |
| Q2 2023 | +2.3% | -8.3% | -2.2% | |
| Q1 2023 | -0.9% | -0.1% | +8.5% | |
| Q4 2022 | +5.0% | +12.7% | +18.3% | |
| Q3 2022 | +6.0% | +22.9% | +19.2% | |
| Q2 2022 | +10.2% | +8.6% | +6.0% | |
| Q1 2022 | -14.0% | -10.5% | -20.9% | |
| Q4 2019 | +5.9% | +8.8% | +10.7% | |
| Q4 2021 | +1.8% | -3.1% | +22.7% | |
| Q3 2020 | -1.3% | +0.1% | -9.1% | |
| Q3 2021 | -0.6% | -1.3% | -11.8% | |
| Q4 2020 | -4.5% | -1.1% | +16.9% | |
| Q2 2021 | +3.9% | +11.8% | +34.1% | |
| Q1 2021 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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