FlexShopper, Inc., a financial and technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, such as consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such accessories. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is based in Boca Raton, Florida.
IPO Year:
Exchange: NASDAQ
Website: flexshopper.com
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The Dow Jones index closed higher by around 0.5% on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Stereotaxis The Trade: Stereotaxis, Inc. (NYSE:STXS) Director Paul J Isaac bought a total of 7,000 shares at an average price of $1.86. To acquire these shares, it cost around $13,017. What's Happening: On May 13, Stereotaxis posted weaker-than-expe
The Dow Jones index closed lower by more than 100 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. CarParts.com The Trade: CarParts.com, Inc. (NASDAQ:PRTS) Director Jim Barnes bought a total of 94,000 shares at an average price of $1.10. To acquire these shares, it cost around $103,400. What's Happening: On May 7, CarParts.com posted dow
The Dow Jones index closed lower by around 0.2% on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Harvard Bioscience The Trade: Harvard Bioscience, Inc. (NASDAQ:HBIO) CEO James W Green bought a total of 20,000 shares at an average price of $3.07. To acquire these shares, it cost around $61,400. What's Happening: On May 7, Harvard Bioscience poste
HC Wainwright & Co. analyst Scott Buck reiterates FlexShopper (NASDAQ:FPAY) with a Buy and maintains $2.5 price target.
FlexShopper (NASDAQ:FPAY) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.13) by 53.85 percent. The company reported quarterly sales of $33.900 million which beat the analyst consensus estimate of $29.193 million by 16.12 percent. This is a 10.11 percent increase over sales of $30.786 million the same period last year.
HC Wainwright & Co. analyst Scott Buck maintains FlexShopper (NASDAQ:FPAY) with a Buy and raises the price target from $2 to $2.5.
FlexShopper (NASDAQ:FPAY) reported its Q4 earnings results on Monday, April 1, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings FlexShopper beat estimated earnings by 36.0%, reporting an EPS of $-0.16 versus an estimate of $-0.25. Revenue was up $8.86 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.24 which was followed by a 6.0% increase in the share price the next day. Here's a look at FlexShopper's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.25 -0.08 -0.04 -0.08 EPS Actual -0.01 -0.22 -0.06 -0.37 Revenue Estimate 24.52M 32.43M 33.21M 28.78M Revenue A
FlexShopper (NASDAQ:FPAY) reported quarterly losses of $(0.16) per share which beat the analyst consensus estimate of $(0.25) by 36 percent. The company reported quarterly sales of $30.271 million which missed the analyst consensus estimate of $30.509 million by 0.78 percent. This is a 41.38 percent increase over sales of $21.411 million the same period last year.
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The Dow Jones index closed lower by around 100 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Wag! Group The Trade: Wag! Group Co. (NASDAQ:PET) Director Brian Yee acquired a total of 3,500 shares an average price of $2.01. To acquire these shares, it cost around $7,030.. What’s Happening: On Feb. 14, Wag Group posted a wider-than-expecte
FlexShopper providing LTO solutions to over 1,600 retail merchants through its partnership with Versatile Credit Launch of enhanced application process to drive more originations through improved customer experience FlexShopper expects to add over 100 new stores per quarter through its expanding partnership with Versatile Credit BOCA RATON, Fla., Sept. 09, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), a prominent national online lease-to-own retailer and payment solutions provider, announces a partnership with Versatile Credit, a leading provider of software that connects merchants, lenders, and consumers to facilitate financing options at points-of-sale. This partnership i
BOCA RATON, Fla., Sept. 05, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), a prominent national online lease-to-own retailer and payment solutions provider, today announced that Russ Heiser, CEO, and John Davis, COO are participating at the 26th Annual H.C. Wainwright Global Investor Conference in New York City at the Lotte New York Palace Hotel on September 9 - September 11, 2024. Management will provide an overview of its second quarter of 2024 financial results, highlighted by a 30% year-over-year increase in total revenue, a 102% increase in total lease funding approvals, and a 16x increase in adjusted EBITDA. In addition, management will review FlexShopper's multi-year gro
Over 800 merchant locations now offering FlexShopper's LTO product through Terrace Finance's multi-lender platform FlexShopper and Terrace Finance launch Spanish language payment solution to better serve applicants and merchant partners BOCA RATON, Fla., Aug. 26, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), a prominent national online lease-to-own retailer and payment solutions provider, announces a partnership with Terrace Finance Corp, one of the most diverse financing waterfall platforms. The relationship integrates FlexShopper's robust lease-to-own (LTO) services into Terrace Finance's multi-provider platform, enhancing consumer payment solution options for over 800 reta
FlexShopper announces the successful integration of their LTO program into PayTomorrow's platform Successful rollout with Monro Inc., one of the nation's leading automotive service and tire providers with approximately 1,300 locations FlexShopper's partnership with PayTomorrow has quickly added over 100 incremental locations with additional retailers, supporting a robust pipeline of over 4,000 locations BOCA RATON, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), a prominent national online lease-to-own retailer and payment solutions provider, and PayTomorrow, a leading financing waterfall platform, are pleased to announce a strategic partnership. This new
BOCA RATON, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended June 30, 2024. Russ Heiser, Jr, Chief Executive Officer, stated, "Our second-quarter and year-to-date results are encouraging as the long-term growth strategies we are pursuing begin to take hold. Over the past two quarters we have focused on providing greater payment solutions to more customers, expanding retail revenue, and leveraging our established platform to provide expanded payment options to more retail partners
BOCA RATON, Fla., Aug. 05, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its second quarter ended June 30, 2024, after the market closes on Tuesday, August 6, 2024. The Company intends to hold a conference call to discuss those results the next day, August 7 at 8:30 a.m. Eastern Time. Conference Call and Webcast Details Conference Call Information:Date: August 7, 2024Time: 8:30 a.m. Eastern TimeToll Free Dial In: (800) 715-9871International Dial In: (646) 307-1963Conference ID: 754
BOCA RATON, Fla., May 13, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended March 31, 2024. Results for Quarter Ended March 31, 2024, vs. Quarter Ended March 31, 2023: Total fundings decreased 1.1% to $26.0 million from $26.3 millionTotal revenues increased 10.1% to $33.9 million from $30.8 millionGross profit increased 30.9% to $17.8 million from $13.6 millionAdjusted EBITDA1 increased by $1.2 million to $7.6 million from $6.4 millionOperating income increased 19.0% to $5.0 million from $4.2 m
BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended December 31, 2023. Results for Quarter Ended December 31, 2023, vs. Quarter Ended December 31, 2022: Total fundings increased 12.0% to $35.4 million from $31.6 million Total net lease and loan revenues and fees increased 40.9% to $30.3 million from $21.5 million Gross profit increased 315.8% to $15.8 million from $3.8 million Adjusted EBITDA1 increased by $12.0 million to $8.1 million from ($3.9) million O
BOCA RATON, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its fourth quarter and year end ended December 31, 2023, after the market closes on Monday, April 1, 2024. The Company intends to hold a conference call to discuss those results the next day, April 2 at 8:30 a.m. Eastern Time. Conference Call Details Date:Tuesday, April 2, 2024Time:8:30 a.m. Eastern Time Participant Dial-In Numbers:Domestic callers:877-407-2988International callers:201-389-0923 Access by Webc
BOCA RATON, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended September 30, 2023. Results for Quarter Ended September 30, 2023, vs. Quarter Ended September 30, 2022: Total fundings increased 10.7% to $28.9 million from $26.1 million consisting of gross lease originations decreasing 10.8% from $15.7 to $14.0 million, loan participations decreasing 99.3% from $10.4 million to $77 thousand, and loan originations increasing from $0 to $14.8 million Total net lease and loan revenues
BOCA RATON, Fla., Aug. 06, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended June 30, 2024. Russ Heiser, Jr, Chief Executive Officer, stated, "Our second-quarter and year-to-date results are encouraging as the long-term growth strategies we are pursuing begin to take hold. Over the past two quarters we have focused on providing greater payment solutions to more customers, expanding retail revenue, and leveraging our established platform to provide expanded payment options to more retail partners
BOCA RATON, Fla., Aug. 05, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its second quarter ended June 30, 2024, after the market closes on Tuesday, August 6, 2024. The Company intends to hold a conference call to discuss those results the next day, August 7 at 8:30 a.m. Eastern Time. Conference Call and Webcast Details Conference Call Information:Date: August 7, 2024Time: 8:30 a.m. Eastern TimeToll Free Dial In: (800) 715-9871International Dial In: (646) 307-1963Conference ID: 754
BOCA RATON, Fla., May 13, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended March 31, 2024. Results for Quarter Ended March 31, 2024, vs. Quarter Ended March 31, 2023: Total fundings decreased 1.1% to $26.0 million from $26.3 millionTotal revenues increased 10.1% to $33.9 million from $30.8 millionGross profit increased 30.9% to $17.8 million from $13.6 millionAdjusted EBITDA1 increased by $1.2 million to $7.6 million from $6.4 millionOperating income increased 19.0% to $5.0 million from $4.2 m
BOCA RATON, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended December 31, 2023. Results for Quarter Ended December 31, 2023, vs. Quarter Ended December 31, 2022: Total fundings increased 12.0% to $35.4 million from $31.6 million Total net lease and loan revenues and fees increased 40.9% to $30.3 million from $21.5 million Gross profit increased 315.8% to $15.8 million from $3.8 million Adjusted EBITDA1 increased by $12.0 million to $8.1 million from ($3.9) million O
BOCA RATON, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its fourth quarter and year end ended December 31, 2023, after the market closes on Monday, April 1, 2024. The Company intends to hold a conference call to discuss those results the next day, April 2 at 8:30 a.m. Eastern Time. Conference Call Details Date:Tuesday, April 2, 2024Time:8:30 a.m. Eastern Time Participant Dial-In Numbers:Domestic callers:877-407-2988International callers:201-389-0923 Access by Webc
BOCA RATON, Fla., Nov. 14, 2023 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended September 30, 2023. Results for Quarter Ended September 30, 2023, vs. Quarter Ended September 30, 2022: Total fundings increased 10.7% to $28.9 million from $26.1 million consisting of gross lease originations decreasing 10.8% from $15.7 to $14.0 million, loan participations decreasing 99.3% from $10.4 million to $77 thousand, and loan originations increasing from $0 to $14.8 million Total net lease and loan revenues
BOCA RATON, Fla., Nov. 10, 2023 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its third quarter ended September 30, 2023, after the market closes on Tuesday, November 14, 2023. The Company intends to hold a conference call to discuss those results the next day, November 15 at 8:00 a.m. Eastern Time. Conference Call Details Date:Wednesday, November 15, 2023Time: 8:00 a.m. Eastern Time Participant Dial-In Numbers: Domestic callers:877-407-2988International callers: 201-389-0923 Access b
BOCA RATON, Fla., Aug. 14, 2023 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended June 30, 2023. Results for Quarter Ended June 30, 2023 vs. Quarter Ended June 30, 2022: Total fundings decreased 11.0% to $27.5 million from $30.9 million consisting of gross lease originations decreasing 32.7% from $19.9 to $13.4 million, loan participations decreasing 99.1% from $11.0 million to $0.1 million, and loan originations increasing from $0 to $14.0 millionTotal net lease and loan revenues and fees decreased
BOCA RATON, Fla., May 11, 2023 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended March 31, 2023. Results for Quarter Ended March 31, 2023 vs. Quarter Ended March 31, 2022: ●Total fundings increased 29.2% to $27.4 million from $21.2 million consisting of gross lease originations decreasing from $16.3 to $13.2 million, loan participations decreased ~96.2% from $4.9 million to $0.2 million, and loan originations increasing from $0 to $14.0 million ●Total net lease and loan revenues and fees incre
BOCA RATON, Fla., April 24, 2023 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter and fiscal year ended December 31, 2022. Results for Quarter Ended December 31, 2022 vs. Quarter Ended December 31, 2021: Total fundings increased 11.3% to $33.1 million from $29.7 million consisting of gross lease originations decreasing from $26.9 to $23.2 million, loan participations increasing ~52.5% from $2.9 million to $4.4 million, and loan originations increasing from $0 to $5.5 millionTotal net lease and loan reven