Latest news with #CrossBorderPayments
Yahoo
5 days ago
- Business
- Yahoo
Flywire's (NASDAQ:FLYW) Q2: Strong Sales, Stock Jumps 20.3%
Cross border payment processor Flywire (NASDAQ: FLYW) reported Q2 CY2025 results beating Wall Street's revenue expectations , with sales up 27.2% year on year to $131.9 million. The company expects next quarter's revenue to be around $183.5 million, close to analysts' estimates. Its GAAP loss of $0.10 per share was 48.3% below analysts' consensus estimates. Is now the time to buy Flywire? Find out in our full research report. Flywire (FLYW) Q2 CY2025 Highlights: Revenue: $131.9 million vs analyst estimates of $125.4 million (27.2% year-on-year growth, 5.2% beat) EPS (GAAP): -$0.10 vs analyst expectations of -$0.07 (48.3% miss) Adjusted EBITDA: $16.6 million vs analyst estimates of $10.18 million (12.6% margin, 63.1% beat) Revenue Guidance for Q3 CY2025 is $183.5 million at the midpoint, roughly in line with what analysts were expecting Revenue Guidance for Q3 CY2025 is $183.5 million at the midpoint, roughly in line with what analysts were expecting Operating Margin: -6.8%, up from -15.2% in the same quarter last year Free Cash Flow was $21.45 million, up from -$80.39 million in the previous quarter Market Capitalization: $1.26 billion Company Overview Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments. Revenue Growth Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last three years, Flywire grew its sales at an impressive 31% compounded annual growth rate. Its growth beat the average software company and shows its offerings resonate with customers. This quarter, Flywire reported robust year-on-year revenue growth of 27.2%, and its $131.9 million of revenue topped Wall Street estimates by 5.2%. Company management is currently guiding for a 17% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 16.8% over the next 12 months, a deceleration versus the last three years. Despite the slowdown, this projection is noteworthy and implies the market sees success for its products and services. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Customer Acquisition Efficiency The customer acquisition cost (CAC) payback period represents the months required to recover the cost of acquiring a new customer. Essentially, it's the break-even point for sales and marketing investments. A shorter CAC payback period is ideal, as it implies better returns on investment and business scalability. Flywire's recent customer acquisition efforts haven't yielded returns as its CAC payback period was negative this quarter, meaning its incremental sales and marketing investments outpaced its revenue. The company's inefficiency indicates it operates in a competitive market and must continue investing to grow. Key Takeaways from Flywire's Q2 Results Revenue and EBITDA beat by convincing amounts. Looking ahead, the company reaffirmed full-year revenue growth guidance but increased EBITDA margin guidance, which means there is increasing efficiency in the business. Overall, we think this was a solid quarter with some key areas of upside. The stock traded up 20.3% to $12.45 immediately after reporting. Flywire may have had a good quarter, but does that mean you should invest right now? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Reuters
21-07-2025
- Business
- Reuters
IFX Payments mulls withdrawing takeover offer for UK's Argentex
July 21 (Reuters) - Cross-border payments provider IFX Payments said on Monday that it was considering withdrawing its takeover offer for Argentex (AGFX.L), opens new tab, days after the British currency risk management company appointed administrators amid a funding shortfall.
Reuters
16-07-2025
- Business
- Reuters
South Africa's Kganyago asserts Africa's G20 agenda despite tariffs and Bessent absence
DURBAN, July 16 (Reuters) - South African Reserve Bank Governor Lesetja Kganyago said on Wednesday that an "African agenda" including climate change and cross-border payment systems was still due to be discussed by G20 finance chiefs amid fears that tariffs would overshadow the gathering. U.S. Treasury Secretary Scott Bessent skipped the gathering in Durban, marking his second consecutive absence from G20 finance meetings and raising questions about its ability to tackle pressing global challenges. President Cyril Ramaphosa has sought to leverage Africa's first G20 presidency to promote the African agenda, which also included topics such as the high cost of capital. "The African issues have been elevated, all of us are talking about those," Kganyago told Reuters as discussions were ongoing between deputies and other officials, before the two-day meeting gets officially under way on Thursday. Kganyago emphasized the push for a coordinated African payments system to facilitate trade across the continent, a move that could face scrutiny from U.S. President Donald Trump. Trump has threatened tariffs on BRICS nations for promoting "anti-American" policies, including advocating for payments in local currencies instead of relying on the dollar system. "As African central banks, we have decided that we are going to enable the movement of payments across borders," Kganyago said. "We are doing it not to bypass anybody, we are doing it because it will facilitate trade on our continent." The G20, initially formed to address global economic crises, has evolved into a key platform for policy coordination. However, Trump's baseline 10% tariff on all U.S. imports, along with punitive rates targeting specific countries and products, has created significant policy uncertainty. And while delegates said tariffs were the biggest theme affecting the global economy, Kganyago said G20 members would not develop a coordinated response to the threats. He instead highlighted the importance of individual countries tailoring their strategies to suit their economies, like during the COVID pandemic. Michael Kaplan, acting undersecretary for international affairs, will represent the department at the meeting. (This story has been corrected to fix the day of the week to Wednesday, not Tuesday, in paragraph 1)
Zawya
27-02-2025
- Business
- Zawya
Celonis expands operations in the Middle East and Africa with the appointment of Dave Hitt as Regional VP
DUBAI, United Arab Emirates & LONDON --(BUSINESS WIRE)-- Celonis, the global leader in Process Mining and Process Intelligence, today announced the appointment of Dave Hitt as Regional VP for Middle East and Africa (MEA). With extensive experience in building high-growth markets, Hitt will lead Celonis' efforts to drive adoption of Process Intelligence across MEA's key industries, including energy, mining, financial services, and the public sector. His appointment marks a significant milestone in Celonis' continued global expansion and commitment to supporting businesses in optimizing their processes and maximizing the ROI of their AI investments. Expanding Celonis' Presence in the Middle East and Africa MEA represents a strategic growth market for Celonis, with immense potential across both the public and private sectors. The region's governments, particularly in Saudi Arabia and the UAE, are investing heavily in digital transformation, driven by ambitious national strategies such as Saudi Vision 2030 and UAE Centennial 2071. These initiatives are focused on driving operational excellence, enhancing citizen services, and large-scale smart city projects—all areas where Celonis' Process Intelligence technology can drive immediate impact. 'Both Saudi Arabia and the UAE are making substantial investments to modernize their public sectors, from healthcare and education to utilities and infrastructure,' said Hitt. 'Celonis is uniquely positioned to help accelerate these transformations by providing real-time insights that enhance efficiency, speed up service delivery, and optimize large-scale projects.' Beyond the public sector, Celonis sees strong potential in areas such as energy, financial services, mining, transportation, utilities and telecommunications. Celonis has already established a strong foothold in South Africa, where its technology has helped businesses across financial services and mining streamline operations and unlock new value opportunities. For example, the Celonis Cross Border Payments for Banking - powered by ProcessLab app helped the largest bank in Africa manage their payments process more effectively, reducing rework and eliminating bottlenecks. As a result, $2.4M in annual cost savings were identified by re-engineering the process. Payment processing capacity was increased by 18%, and cycle time was reduced by more than 30%. MEA's leading companies are looking for ways to enhance operational agility, reduce inefficiencies, and improve service delivery—challenges that Celonis is uniquely positioned to solve. Driving Innovation and Growth in MEA 'For me, this role is about making the MEA region a success story,' said Hitt. 'We've seen firsthand in South Africa how Process Intelligence can transform operations, and the Middle East also presents a great opportunity. The region is progressive and eager to drive digital transformation at an unprecedented scale. I'm excited to build on our momentum and help organizations across MEA unlock their full potential.' Rupal Karia, GM for Celonis in the UK&I and MEA, comments: 'I am delighted that Dave is taking on the role of Regional VP for MEA,' said Karia. 'He brings deep expertise in scaling new markets and driving enterprise adoption of cutting-edge technology. Dave has been a key driver in building Celonis' UK & Ireland business and will now focus on leveraging Process Intelligence and AI to drive value for our customers in MEA.' As part of its regional expansion, Celonis will establish a presence initially in Dubai, with a team dedicated to sales, solutions engineering, and partner management. About Celonis Celonis makes processes work for people, companies and the planet. The Celonis Process Intelligence Platform uses industry-leading process mining and AI technology and augments it with business context to give customers a living digital twin of their business operation. It's system-agnostic and without bias and provides everyone with a common language for understanding and improving businesses. Celonis enables its customers to continuously realize significant value across the top, bottom, and green line. Celonis is headquartered in Munich, Germany, and New York City, USA, with more than 20 offices worldwide. © 2025 Celonis SE. All rights reserved. Celonis and the Celonis 'droplet' logo are trademarks or registered trademarks of Celonis SE in Germany and other jurisdictions. All other product and company names are trademarks or registered trademarks of their respective owners. View source version on Source: AETOSWire Contacts Media Contact press@
