BUZZ-Flywire hits record low after Q4 loss, dour annual revenue forecast

Shares of payments processor Flywire FLYW.O slump as much as 51.1%, hitting record low; last down 40.8% at $10.45

FLYW late Tuesday reported Q4 loss of 12 cents/shr, compared with profit of 1 cent/shr year earlier

Q4 revenue less ancillary services was $112.8 million, missing analysts' average expectation of $118.9 million, according to data compiled by LSEG

Revenue miss came as more education visa headwinds emerged surrounding Canadian and Australian immigration policy

FLYW, which processes international payments for educational institutions, also announced 10% reduction in workforce as well as broad operational and business portfolio review

Co forecast organic revenue growth between 10% and 14% for 2025 on constant currency basis

Brokerage William Blair says revenue outlook was disappointing as Wall Street expected 22% growth

Citi Research says stock may take time to recover following post-results decline

As of last close, FLYW stock down 14.5% YTD