BOSTON (AP) — BOSTON (AP) — Flywire Corporation (FLYW) on Tuesday reported a loss of $15.9 million in its fourth quarter.
On a per-share basis, the Boston-based company said it had a loss of 12 cents.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The payments company posted revenue of $117.6 million in the period. Its adjusted revenue was $112.8 million, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $120.1 million.
For the year, the company reported profit of $2.9 million, or 2 cents per share. Revenue was reported as $474.2 million.
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