Welcome to our dedicated page for Flexshopper news (Ticker: FPAY), a resource for investors and traders seeking the latest updates and insights on Flexshopper stock.
FlexShopper, Inc. (NASDAQ: FPAY) is a financial technology leader providing lease-to-own solutions through its digital marketplace and retail partnerships. This page serves as the definitive source for verified company news and press releases, offering stakeholders timely updates on strategic developments.
Investors and analysts will find essential information including quarterly earnings reports, partnership announcements, product innovations, and executive leadership updates. Our curated collection simplifies tracking FPAY's market position within the evolving consumer finance sector.
Key content categories include financial performance disclosures, strategic retail collaborations, technology enhancements to its LTO platform, and regulatory filings. All materials are sourced directly from official company communications to ensure accuracy and compliance.
Bookmark this page for streamlined access to FlexShopper's latest business developments. Check back regularly to stay informed about critical updates affecting the lease-to-own financing landscape and FPAY's role in shaping consumer purchasing alternatives.
FlexShopper, Inc. (Nasdaq: FPAY) reported strong financial results for Q2 2024. Total revenue increased 29.8% to $31.8 million, while gross profit surged 89.3% to $15.9 million. The company saw a significant improvement in Adjusted EBITDA, which rose to $4.9 million from $0.3 million in the same period last year. Total lease funding approvals increased by 102.2% to $74.8 million. Despite these positive metrics, FlexShopper reported a net loss of $2.7 million, or ($0.13) per diluted share. The company added 150 new retail partner locations and expects to add 500 more in H2 2024. FlexShopper's CEO, Russ Heiser, Jr, expressed confidence in the company's long-term growth strategies and its ability to capitalize on market share opportunities.
FlexShopper, Inc. (Nasdaq: FPAY), a leading national online lease-to-own retailer and payment solution provider, has announced its plans to release financial results for the second quarter ended June 30, 2024. The results will be disclosed after the market closes on Tuesday, August 6, 2024. Following this, the company will host a conference call on Wednesday, August 7, 2024, at 8:30 a.m. Eastern Time to discuss the results.
Interested parties can join the conference call via phone or webcast. The toll-free dial-in number is (800) 715-9871, while the international dial-in is (646) 307-1963, with the Conference ID: 7545308. The call will also be webcast live on the company's website. An audio replay will be available on FlexShopper's investor relations website after the call.
FlexShopper, Inc. (Nasdaq: FPAY), a national leader in online lease-to-own retail and payment solutions, reported its financial results for Q1 2024, ending March 31. Total revenues rose 10.1% to $33.9 million from $30.8 million, and gross profit increased 30.9% to $17.8 million from $13.6 million. Adjusted EBITDA increased by $1.2 million, reaching $7.6 million from $6.4 million. Operating income saw a 19% rise to $5.0 million from $4.2 million. Despite these gains, the company reported a net loss of $1.3 million, consistent with the previous year's Q1 loss of $1.2 million. Core earnings improved by 64.7% to $354,000 from $215,000. Financial metrics reveal a mixed picture with positive revenue and profit growth, but ongoing net losses.
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