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. provides lease-to-own payment solutions and lending products for consumers through the FlexShopper.com direct marketplace and merchant partnerships online and in physical retail locations. Company news centers on originations, application volume, customer acquisition, asset quality, product margins, and the expansion of retail financing relationships.
Updates also cover capital actions such as rights offering proceeds and debt repayment, board changes, annual and quarterly results, and Nasdaq listing-compliance notices related to delayed SEC reports.
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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