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Stock impact report

FlexShopper Inc (FPAY) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic ... [Yahoo! Finance]

FlexShopper, Inc. (FPAY) 
NASDAQ:AMEX Investor Relations: investors.flexshopper.com
Company Research Source: Yahoo! Finance
Lease Funding Approvals: Increased 33% to $77 million. Signed Store Count: Approximately 7,800 locations, a 250% increase from the end of 2023. Provision for Doubtful Accounts: Improved to 22.2% from 32.1% in Q3 2023. Gross Margin: Expanded to 58% from 54% in Q3 2023. Gross Lease Revenues: Increased by $5.1 million to $36.4 million. Net Lease Revenues: Increased by $7.3 million to $28.4 million. Adjusted EBITDA Margin: 31.5% compared to 26.7% in the same period last year. Warning! GuruFocus has detected 6 Warning Signs with FPAY. Release Date: November 14, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript FlexShopper Inc ( NASDAQ:FPAY ) reported a 23% increase in total revenue, reaching a quarterly record of nearly $39 million. Adjusted EBITDA increased by 45% to a quarterly record of more than $12 million. The company achieved a net income attributable to common stockholders of $1.2 million or 5 cents per Show less Read more
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