NASDAQ$FLYW

Flywire Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Flywire reported strong Q4 2021 financial results, with revenue increasing 55% year-over-year and total payment volume increasing 75% year-over-year.

Flywire's Q4 2021 revenue increased by 55% year-over-year to $51.4 million, and total payment volume increased by 75% year-over-year to $3.1 billion. The company is focused on expanding its Go-To-Market teams and FlyMate community to capitalize on future opportunities.

  • Revenue increased 55% to $51.4 million in the fourth quarter of 2021, compared to $33.2 million in the fourth quarter of 2020.
  • Total Payment Volume increased 75% to $3.1 billion in the fourth quarter of 2021, compared to $1.8 billion in the fourth quarter of 2020.
  • Revenue Less Ancillary Services increased 56% to $45.9 million in the fourth quarter of 2021, compared to $29.4 million in the fourth quarter of 2020.
  • Net loss was $(11.2) million in the fourth quarter of 2021, compared to Net loss of $(4.0) million in the fourth quarter of 2020.

Headline financials

Total Revenue

$51.4M

Previous: $33.2M+54.7%
EPS (adj)

-$0.11

Previous: -$0.21+47.6%
Total Payment Volume

$3.1B

Previous: $1.8B+72.2%
Capital Expenditures

$1.46M

Previous: $329K+342.2%
Free Cash Flow

-$9.13M

Previous: $13M-170.1%
Net Income

-$11.2M

Previous: -$4.03M-177.8%
Operating Income

-$10.3M

Previous: -$2.98M-246.4%
Gross Profit

$30.7M

Previous: $21.7M+41.6%
Cash & Equivalents

$385M

Previous: $104M+270.4%
Total Assets

$640M

Previous: $271M+135.7%
Stock-Based Comp

$3.39M

Previous: $984K+244.5%

Revenue & EPS history

Flywire · Revenue · Quarterly

$51.4M

Q4 2021+54.7%vs Q4 2020
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Forward guidance

Flywire expects revenue between $59 to $63 million and Revenue Less Ancillary Services between $55 to $57 million for the first quarter of 2022. For the full year 2022, Flywire expects revenue between $266 to $276 million and Revenue Less Ancillary Services between $244 to $252 million and Adjusted EBITDA between $9 to $13 million.

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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