Flywire Corp
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
FLYW$22.35+1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited) (Amounts in thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $114,103 | $94,357 |
| Costs and operating expenses: | ||
| Payment processing services costs | 41,650 | 33,855 |
| Technology and development | 16,737 | 14,523 |
| Selling and marketing | 30,083 | 24,434 |
| General and administrative | 31,596 | 28,113 |
| Total costs and operating expenses | 120,066 | 100,925 |
| Loss from operations | $(5,963) | $(6,568) |
| Other income (expense): | ||
| Interest expense | (142) | (103) |
| Interest income | 5,879 | 1,935 |
| (Loss) gain from remeasurement of foreign currency | (4,376) | 1,470 |
| Total other income (expense), net | 1,361 | 3,302 |
| Loss before provision for income taxes | (4,602) | (3,266) |
| Provision for income taxes | 1,615 | 417 |
| Net loss | $(6,217) | $(3,683) |
| Foreign currency translation adjustment | (1,361) | (367) |
| Comprehensive loss | $(7,578) | $(4,050) |
| Net loss attributable to common stockholders - basic and diluted | $(6,217) | $(3,683) |
| Net loss per share attributable to common stockholders - basic and diluted | $(0.05) | $(0.03) |
| Weighted average common shares outstanding - basic and diluted | 123,143,343 | 109,787,528 |
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