FlexShopper

FlexShopper, In. operates as a holding and financial technology company, which enables consumers utilizing its e-commerce marketplace to shop for brand name electronics, home furnishings, and other durable goods on a lease-to-own basis. Its products include cell phones, televisions, cameras and camcorders, video games, computers and laptops, furniture, smartwatches, matresses, Apple, and Tires. The company was founded by George F. Rubin, Morry F. Rubin, and Brad Mitchell Bernstein on August 16, 2006 and is headquartered in Boca Raton, FL.

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FlexShopper reports robust Q3 earnings, eyes growth through strategic partnerships

FlexShopper's Q3 performance reflects strong revenue and profit growth, driven by strategic initiatives and market partnerships.
While facing challenges such as legal disputes and financial restructuring, the company is well-positioned to capitalize on growth opportunities.
By focusing on expanding financing options, improving asset quality, and optimizing retail strategies, FlexShopper aims for sustained success and market leadership.

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FlexShopper, Inc. is a financial technology company, which engages in the provision of electronics, home furnishings, and other durable goods to underserved consumers on a lease-to-own (LTO) basis through its patented e-commerce marketplace. The firm is also involved in providing LTO and loan technology platforms to a growing number of retailers and e-retailers to facilitate transactions with consumers without access to traditional financing. The company was founded by George F. Rubin, Morry F. Rubin, and Brad Mitchell Bernstein on August 16, 2006 and is headquartered in Boca Raton, FL.

Important for Participating Right Holders to Contact Their Broker Prior to December 18th Important for Participating Right Holders to Contact Their Broker Prior to December 18th

FlexShopper Reminds Right Holders of Early Subscription Process Cutoff Dates

NEW YORK , Dec. 16, 2024 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on FlexShopper, Inc. (NasdaqCM:FPAY) . Click Here to view full Argus Equity Research Report.

Argus Research Initiates Equity Research Report Coverage on FlexShopper, Inc. (NasdaqCM:FPAY)

BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- FlexShopper (NASDAQ: FPAY), a leading provider of lease-to-own payment solutions, is pleased to announce a new partnership with Tire Agent. Tire Agent currently originates over $100 million in lease-to-own transactions annually and is a two-time honoree on the Inc. 5000 list of the fastest-growing companies in 2023 and 2024. This new collaboration integrates FlexShopper's payment solutions directly onto Tire Agent's website and establishes Tire Agent as the preferred online tire retailer on the FlexShopper marketplace. The partnership also launches flexshopper.tireagent.com as the combination of Tire Agent's top-tier tire and wheel inventory with FlexShopper's flexible payment options.

FlexShopper Partners with Tire Agent to Expand Tire Shopping Options for Near-Prime Credit Consumers

FlexShopper (FPAY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover FlexShopper (FPAY)

BOCA RATON, Fla., Dec. 04, 2024 (GLOBE NEWSWIRE) -- FlexShopper Inc. (Nasdaq: FPAY), a leading national lease-to-own (LTO) retailer and payment solutions provider, is excited to announce an exclusive strategic partnership with United Wheels Inc., a global holding company for a portfolio of outdoor brands, including Huffy, Niner Bikes, Batch Bicycles, VAAST Bikes, and Buzz E-Bikes.

FlexShopper Forms Exclusive Lease-to-Own Partnership with United Wheels and Its Portfolio of Bicycle Brands, Including Huffy

BOCA RATON, Fla., Nov. 27, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (the “Corporation”) announced today the tentative calendar for its previously proposed rights offering (“Rights Offering”). The Corporation is planning to commence the Rights Offering to raise capital to equitize its balance sheet through funding the repurchase of over 90% of its Series 2 Convertible Preferred Stock, by repaying a portion of its credit facility and other outstanding debt facilities, and for other corporate purposes including potential acquisitions of other companies.

FlexShopper Announces Record Date for Proposed Rights Offering

FlexShopper is undergoing a capital structure transformation, aiming to repurchase preferred stock at a discount through a complex rights offering to benefit common shareholders. FPAY trades at around 6x EV/EBITDA, with potential upside if it can reduce high-cost debt and improve cash generation. The rights offering could raise $25M-$100M, significantly improving FlexShopper's balance sheet and allowing for better debt terms and lower interest expenses.

FlexShopper: Unpacking The Potential Of Rights Offering

FlexShopper, Inc. (NASDAQ:FPAY ) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Andrew Berger - Investor Relations Russ Heiser - Chief Executive Officer John Davis - Chief Operating Officer Conference Call Participants Scott Buck - H.C. Wainwright Michael Diana - Maxim Group Steve Silver - Argus Research Operator Ladies and gentlemen, good morning, and welcome to the FlexShopper, Inc. Third Quarter Earnings Conference Call.

FlexShopper, Inc. (FPAY) Q3 2024 Earnings Call Transcript

FlexShopper Inc. (FPAY) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.01 per share a year ago.

FlexShopper Inc. (FPAY) Q3 Earnings and Revenues Beat Estimates

BOCA RATON, Fla., Nov. 11, 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 third quarter ended September 30, 2024, after the market closes on Wednesday, November 13, 2024. The Company intends to hold a conference call to discuss those results the next day, November 14, at 8:30 a.m. Eastern Time.

FlexShopper, Inc. Schedules 2024 Third Quarter Financial Results Conference Call

Partnership with the Aftermarket Auto Parts Alliance brings FlexShopper 's proven and flexible payment solutions to more than 3,700 new retail locations

FlexShopper Partners with Aftermarket Auto Parts Alliance to Revolutionize Automotive Care Financing

NEW YORK , Oct. 31, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating FlexShopper, Inc. (NASDAQ: FPAY) on behalf of the company's shareholders. The investigation seeks to determine whether FlexShopper's directors breached their fiduciary duties in connection with recent corporate actions.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of FlexShopper, Inc. (NASDAQ: FPAY)

FlexShopper to offer lease-to-own solutions within PayPossible's waterfall to new merchants, including RANDYS Worldwide, with a retail network of over 20,000 locations

FlexShopper and PayPossible Expand Consumer Payment Options Through Strategic Partnership

Net proceeds of the rights offering will be used primarily to repurchase over 90% of the Company's series 2 convertible preferred stock and reduce a portion of the outstanding balance under its credit facility Net proceeds of the rights offering will be used primarily to repurchase over 90% of the Company's series 2 convertible preferred stock and reduce a portion of the outstanding balance under its credit facility

FlexShopper Files Registration Statement for Proposed Rights Offering to its Stockholders

Transaction is expected to save FlexShopper $23+ million, or ~$1 per share upon completion Transaction is expected to save FlexShopper $23+ million, or ~$1 per share upon completion

FlexShopper Announces a Purchase Option for 91% of its Outstanding Series 2 Preferred Stock at a 50+% Discount to Liquidation Preference

BOCA RATON, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), (“the Company”), a leading online lease-to-own retailer and payment solutions provider, has initiated legal action to defend its intellectual property. The Company has filed patent infringement lawsuits against Upbound Group, Inc. (Nasdaq: UPBD) (including its Acima subsidiaries) and Katapult Holdings, Inc., (Nasdaq: KPLT) alleging unauthorized use of FlexShopper's patented technologies.

FlexShopper Files Patent Infringement Lawsuits Against Upbound Group, Inc. and Katapult Holdings, Inc.

FlexShopper providing LTO solutions to over 1,600 retail merchants  through its partnership with Versatile Credit

FlexShopper Partners with Versatile Credit to Expand Merchant Opportunities

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.

FlexShopper to Present at H.C. Wainwright's 26th Annual Global Investor Conference

Over 800 merchant locations now offering FlexShopper's LTO product  through Terrace Finance's multi-lender platform

FlexShopper Partners with Terrace Finance to Expand Merchant Opportunities

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.

FlexShopper Partners with PayTomorrow to Enhance Consumer Payment Options

FlexShopper, Inc. (NASDAQ:FPAY ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Carlos Sanchez - Investor Relations Russell Heiser - Chief Executive Officer John Davis - Chief Operating Officer Conference Call Participants Scott Buck - H.C. Wainwright Michael Diana - Maxim Group Operator Thank you for standing by.

FlexShopper, Inc. (FPAY) Q2 2024 Earnings Call Transcript

FlexShopper Inc. (FPAY) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.22 per share a year ago.

FlexShopper Inc. (FPAY) Reports Q2 Loss, Tops Revenue Estimates

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.

FlexShopper, Inc. Reports 2024 Second-Quarter Financial Results

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.

FlexShopper, Inc. Schedules 2024 Second Quarter Financial Results Conference Call

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News for FlexShopper Stock (FPAY)