Flyware: Q2 Earnings Snapshot

August 9, 2022 GMT

BOSTON (AP) _ Flyware Corp. (FLYW) on Tuesday reported a loss of $23.8 million in its second quarter.

The Boston-based company said it had a loss of 22 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.

The payments company posted revenue of $56.5 million in the period. Its adjusted revenue was $51.5 million, beating Street forecasts. Three analysts surveyed by Zacks expected $46.9 million.

For the current quarter ending in October, Flyware said it expects revenue in the range of $87 million to $90 million.

The company expects full-year revenue in the range of $260 million to $269 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLYW at https://www.zacks.com/ap/FLYW