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 2021 net revenues of $30.9 million, a 25.6% increase from the previous year. Net income rose to $1.7 million, with EPS at $0.05, compared to a net loss of $(0.02) last year. Gross profit also improved by 42.3% to $12.7 million, and adjusted EBITDA grew 129.2% to $4.8 million. Despite a 35.7% decline in originated gross leases, average origination value increased to $522. The company anticipates increased retail partner activity as COVID-19 impacts subside.
FlexShopper, Inc. (Nasdaq: FPAY) announced the release of its third quarter financial results for the period ending September 30, 2021, scheduled for November 15, 2021, after market closure. The company will discuss these results in a conference call on November 16, 2021, at 9:00 a.m. ET. Domestic callers can reach the call at 877-407-3944 and international callers at 412-902-0038. The call can also be accessed via webcast on the company's website, with a replay available post-event.
FlexShopper, Inc. (FPAY) reported a robust Q2 2021, with net revenues increasing by 25.1% to $30.7 million. The company originated 38,531 gross leases, a 13.5% rise year-over-year. Gross profit surged by 51% to $11.1 million, while net income reached $0.9 million, marking a turnaround from a net loss of $(262) thousand in 2020. The lease merchandise net value rose 44.3% to $37.6 million. FlexShopper plans further expansion of its pilot programs and co-branded websites, focusing on repeat customer activity.
FlexShopper, Inc. (FPAY) plans to announce its second-quarter financial results on August 9, 2021, after market close. A conference call is scheduled for August 10, 2021, at 9:00 a.m. ET, where the results will be discussed. FlexShopper is known for its lease-to-own retail services and aims to provide financial technology solutions to consumers lacking sufficient cash or credit. Investors can access the call via phone or by webcast through the company's website.
FlexShopper (FPAY) reported Q1 2021 net revenues of $32.8 million, a 31.9% increase from $24.8 million last year. Gross lease originations rose 21.7% to $20.9 million. The average origination value increased to $532. Gross profit improved by 28% to $10.3 million. However, the company faced a net loss of $608,000, contrasting with a net income of $51,000 in the prior year. Adjusted EBITDA increased to $2.4 million, up 22.1%. Lease merchandise, net, also grew 31.4% to $39.3 million. The CEO noted positive customer payment behavior, influenced by government stimulus programs.
FlexShopper, Inc. (Nasdaq: FPAY) announced its intention to release Q1 2021 financial results on May 10, 2021, after market close. A conference call is scheduled for May 11, 2021, at 9:00 a.m. ET to discuss these results. FlexShopper specializes in lease-to-own (LTO) retail solutions, providing access to durable goods like electronics and home furnishings via an e-commerce platform. The upcoming results may offer insights into the company’s financial health and growth in the LTO market.
FlexShopper, Inc. (FPAY) reported a 25.3% increase in net revenues for Q4 2020, reaching $28.1 million compared to $22.4 million in Q4 2019. Lease merchandise increased by 37.8% to $42.8 million. Despite the growth, the company experienced a net loss of $(419) thousand, improved from a net loss of $(1.0) million in the prior year. Adjusted EBITDA rose to $2.6 million. The company noted strong origination growth continuing into 2021 with a 23% increase in January and February. The pilot program with a national retailer expanded to four states, enhancing growth prospects.
FlexShopper, Inc. (Nasdaq: FPAY) has announced plans to release its financial results for Q4 and the fiscal year ending December 31, 2020, after market close on March 8, 2021. A conference call to discuss these results is scheduled for March 9, 2021, at 9:00 a.m. ET. Domestic callers can join at 877-407-3944, while international callers may dial 412-902-0038. The call will be webcast via the Company’s investor section online, with an audio replay available afterward.
FlexShopper, Inc. (FPAY) announced its financial results for Q3 2020, reporting a 5.0% increase in net lease revenues to $23.4 million and a 29.5% rise in gross leases to 47,317. However, net income dropped to $289,000 from $1.4 million year-over-year. Adjusted EBITDA fell by 33.9% to $2.1 million. For the nine-month period, revenues grew by 9.4% to $69.9 million, while the net loss attributable to common stockholders was $(2.4 million).
Overall, despite growth in originations, net income and adjusted EBITDA showed a concerning decline.
FlexShopper (Nasdaq: FPAY) will release its third-quarter financial results for the period ending September 30, 2020, after market close on November 9, 2020. A conference call will follow on November 10, 2020, at 9:00 a.m. ET to discuss the results. The call will be available via webcast on FlexShopper's website. The company provides lease-to-own payment solutions for durable goods through its e-commerce platform.
