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Globe Newswire 27-Feb-2025 4:26 PM
Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Flywire Corporation ("Flywire" or "the Company") (NASDAQ:FLYW) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Flywire investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: info@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.
On February 25, 2025, after market hours, Flywire released its fourth-quarter 2024 financial results, missing consensus estimates, reporting a net loss of $15.9 million, and announcing a restructuring plan that included a 10% workforce reduction. The company also lowered its 2025 guidance.
Following this news, Flywire's stock price dropped $6.59, or 37.4%, closing at $11.05 per share on February 26, 2025, causing investor losses.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bars
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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