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. (FPAY) reported Q3 2022 financial results revealing a 60.1% increase in total fundings to $25.8 million, though net lease revenues decreased 20.3% to $24.5 million. Despite gross lease originations slightly declining from $15.9 million to $15.7 million, loan participations surged 4,350% to $10.1 million. The company faced a 49.8% drop in gross profit to $6.4 million and reported a net loss of $(6.3 million), or $(0.32) per share. For the first nine months of 2022, total fundings rose 38.3% to $78.9 million, while net income reached $5.7 million.
FlexShopper, Inc. (Nasdaq: FPAY) will announce its third-quarter financial results on November 10, 2022, after market close. A conference call to discuss the results is scheduled for November 11 at 9:30 a.m. ET. Investors can participate via dial-in numbers or access the call on the company’s website. FlexShopper specializes in lease-to-own (LTO) retailing, providing consumers with access to durable goods through its e-commerce platform. The company's proprietary model screens consumers and facilitates LTO transactions by paying merchants directly.
FlexShopper, Inc. (Nasdaq: FPAY) has announced a long-term marketing partnership with Liberty Tax, allowing the company to offer consumer loans at Liberty Tax's 2,700 locations and through its digital platforms. This collaboration aims to enhance FlexShopper's omni-channel financing solutions by providing lease-to-own products and other financing alternatives in these outlets. CEO Richard House emphasized the potential for rapid growth through this strategic alliance, which will be discussed in more detail during the upcoming third-quarter conference call.
FlexShopper, Inc. (FPAY) reported strong financial results for Q2 2022, with total fundings soaring 64.5% to $32.8 million. Gross profit rose 58.2% to $17.5 million, and adjusted EBITDA increased significantly to $6.4 million from $2.1 million. Net income reached $14.4 million, a dramatic increase year-over-year. Despite the positive trends in loan participations, total net lease revenues and fees saw a slight decrease of 0.6% to $30.5 million. The company attributed growth to enhanced omni-channel capabilities and new sales initiatives amid economic challenges.
FlexShopper, Inc. (FPAY) plans to release its second quarter financial results on August 10, 2022, post-market closure. A conference call is scheduled for August 11, 2022, at 9:00 a.m. ET to discuss these results.
The call will be accessible via telephone for domestic (877-407-2988) and international callers (201-389-0923) and streamed live on the company's website. FlexShopper specializes in lease-to-own solutions for consumer goods through its e-commerce platform.
FlexShopper, Inc. (FPAY) reported Q1 2022 financial results with total fundings slightly up by 1% to $21.2 million. Gross lease originations fell by 22% to $16.3 million, while loan participations surged almost 5000% to $4.9 million. Net lease revenues decreased by 15.2% to $27.8 million, and gross profit fell 8.7% to $9.4 million. Adjusted EBITDA turned negative at $(40.3) thousand, compared to a positive $2.4 million in the previous year. The company posted a net loss of $2.4 million, or $(0.14) per diluted share.
FlexShopper, Inc. (Nasdaq:FPAY) will release its financial results for Q1 2022 on May 12, 2022, after market close. A conference call to discuss the results is scheduled for May 13, 2022, at 9:00 a.m. ET. The call will be available by phone for both domestic and international participants and can also be accessed via a webcast on the company's investor website. FlexShopper specializes in lease-to-own retailing and payment solutions, providing consumers access to electronics and furniture through flexible payment plans.
FlexShopper reported a 22.9% increase in net revenues for FY 2021, totaling $125.4 million, with a net income of $3.3 million. The fourth quarter saw revenues rise 10.5% to $31.1 million and a net income of $633 thousand, improving from a loss in 2020. However, lease originations declined 28.4% year-over-year while the average origination value grew 13.6%. The company anticipates adding over 500 retail partner locations in 2022 and expects continued growth in Adjusted EBITDA.
FlexShopper, Inc. (Nasdaq:FPAY) announced it will release its financial results for the fourth quarter and year ended December 31, 2021, after market close on March 30, 2022. A conference call is scheduled for March 31, 2022, at 9:00 a.m. ET to discuss these results. FlexShopper operates as an online lease-to-own retailer providing various consumer goods through its e-commerce platform. They utilize a proprietary consumer screening model to facilitate transactions for customers lacking sufficient cash or credit.
