Buy, Sell or Hold Speclative US Stock-FLYW

Acrobull UK Advisory Services Ltd.

October 02

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
Flywire Corporation	FLYW-NASDAQ	Technology	$1.997 Billion	Medium

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types

Recent Highlights

Oversold Conditions- The company stock has stumbled in recent weeks due to its weakness and market unfavorable conditions, however the company belongs (Technology) segment which is anticipated to growth faster than other segments in the market.

We expect short term volatility in the market and the stock due to ongoing war and global political situation, however we also expect recovery in the equities pretty soon hence mid to long term investing can be done at this price.

Second Quarter 2024 Financial Highlights

Revenue climbed by 22% to $103.7 million in the second quarter of 2024, up from $84.9 million in the second quarter of 2023.
Gross Profit climbed to $61.9 million, resulting in a Gross Margin of 59.7% in the second quarter of 2024, up from $48.8 million and 57.5% in the second quarter of 2023.
The net loss for the second quarter of 2024 was $13.9 million, compared to $16.8 million in the second quarter of 2023.

Adjusted Gross Profit grew to $63.4 million in the second quarter of 2024, resulting in an Adjusted Gross Margin of 63.5%, up from $50.5 million and 63.5% in the second quarter of 2023.

Stock Observation- Recent fall in the stock price may be due to a volatility in the stock market, however long term aspects of the company remains strong, hence mid to long term investment can be considered. The RSI level for the stock is at 37 hence showing close to oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy Rating for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$15.94 USD
Acrobull Recommendation	Buy
Target Price	$18.25 USD
RSI Level	14 Day RSI 37
Total Shares Outstanding	123.39 Million
Shares held by Insiders Risk Factor	2.82% Medium