Flexshopper, Inc. (FPAY) Misses Q4 EPS by 1c

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Go back to Flexshopper, Inc. (FPAY) Misses Q4 EPS by 1c

FlexShopper, Inc. Reports 2021 Fourth Quarter and Year End Financial Results

March 30, 2022 4:15 PM EDT

BOCA RATON, Fla., March 30, 2022 (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 fiscal year ended December 31, 2021, highlighted by increase in revenue and net income.

Results for Quarter Ended December 31, 2021 vs. Quarter Ended December 31, 2020:

Total net revenues and fees increased 10.5% to $31.1 million from $28.1 millionOriginated 51,071 gross leases, down 28.4% from 71,350; average origination value increased by 13.6% to $527Net income of $633 thousand compared with net loss of $(419)... More