Flexshopper, Inc. (FPAY) Tops Q3 EPS by 24c, Beats on Revenue

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Go back to Flexshopper, Inc. (FPAY) Tops Q3 EPS by 24c, Beats on Revenue

FlexShopper, Inc. Reports Third Quarter 2023 Financial Results

November 14, 2023 4:30 PM EST

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 and fees increased 20.3% to $31.4 million from $26.1 million  Gross... More