Company response: "We were obviously a private company in 2018 and internal company definitions of profitability often differ from [Generally Accepted Accounting Principles]". Company response: No comment. Company response: "The company could have been non-GAAP profitable by investing less in marketing, new facilities, and personnel." Company response: No commentFlywire, Global Payments SoftwareClaim: In 2020, citing CEO Mike Massaro, Crunchbase reported that Flywire expects "to return to profitability this year." Company response: No commentResearch contributed by Helen Popkin

Source: Forbes September 24, 2021 10:30 UTC