FlexShopper, Inc. Reports 2019 Fourth Quarter and Full-Year Financial Results; Record Net Income of $0.6 million and Adjusted EBITDA of $8.3 million for FY 2019
FlexShopper, Inc. (FPAY)
NASDAQ:AMEX Investor Relations:
investors.flexshopper.com
Company Research
Source: GlobeNewswire
BOCA RATON, Fla., March 02, 2020 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and LTO payment solution provider, today announced its financial results for the quarter and year ended December 31, 2019, highlighted by record net income and Adjusted EBITDA. Results for Quarter Ended December 31, 2019 vs. Quarter Ended December 31, 2018: Net lease revenues and fees increased 23.3% to $21.4 million from $17.3 million.FlexShopper originated 56,391 gross leases, down 15.7% from 65,250.Gross lease originations decreased $3.3 million, a decrease of 13.7%, to $24.1 million from $27.4 million.The average origination value increased to $427 from $420.Net loss of $(1.0) million compared with net loss of $(2.5) million.Net loss attributable to common stockholders of $(1.6) million, or $(0.09) per diluted share, compared to $(3.1) million, or $(0.18) per diluted share.Gross profit increased 13.5% to $7.5 million from
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News
- FlexShopper, Inc. (NASDAQ: FPAY) had its price target raised by analysts at Maxim Group from $2.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
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- FlexShopper, Inc. Schedules 2024 Third Quarter Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
FPAY
Earnings
- 11/14/24 - Miss
FPAY
Sec Filings
- 11/20/24 - Form S-1/A
- 11/19/24 - Form 10-Q
- 11/19/24 - Form 8-K
- FPAY's page on the SEC website