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Flexshopper Inc   (FPAY)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services
 
Price: $1.1800 $0.03 2.609%
Day's High: $1.21 Week Perf: 4.42 %
Day's Low: $ 1.15 30 Day Perf: -0.84 %
Volume (M): 18 52 Wk High: $ 2.47
Volume (M$): $ 22 52 Wk Avg: $1.20
Open: $1.15 52 Wk Low: $0.59



 Market Capitalization (Millions $) 26
 Shares Outstanding (Millions) 22
 Employees 169
 Revenues (TTM) (Millions $) 108
 Net Income (TTM) (Millions $) 3
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 6

Flexshopper Inc
Flexshopper Inc is a leading lease-to-own marketplace that provides consumers with the opportunity to acquire high-quality durable goods through affordable weekly, bi-weekly or monthly payments. The company's platform includes an incredibly large selection of brand name and insured products ranging from electronics, furniture, appliances, tires, and jewelry, among others.

Flexshopper Inc was founded in 2003 by a visionary entrepreneur, Michael Fridman, with a goal of creating an e-commerce platform that could allow individuals to purchase goods that they could not otherwise afford through traditional payment methods. The company went public in 2015 and its shares are currently listed on Nasdaq.

The company's innovative business model provides a lease-to-own program with little to no credit requirements, making it an excellent choice for people who would otherwise not qualify for financing. The platform operates through a network of physical and online retail partners, including Walmart, Amazon, and BestBuy, among others. Customers can easily browse and shop for products on the website or through the mobile app, then choose their repayment amount and duration, depending on their budget.

Flexshopper Inc's robust technology platform enables flexible payment solutions; the system's automated underwriting tools consider various buying criteria to approve lease applications and come up with repayment plans that would best suit the customer. Its acquisition of technology from Zibby in 2019 has also helped to streamline the approval process, enabling a faster turnaround time.

The company enjoys a broad customer base, with thousands of satisfied lease-to-own clients around the United States. The consumer-oriented business model has enabled the company to cater to diverse segments of customers interested in acquiring products such as electronics, appliances, and furniture, among others, through budget-friendly payment plans.

In conclusion, Flexshopper Inc is an innovative, customer-oriented, e-commerce platform that provides a lease-to-own marketplace. The company offers an extensive selection of quality products, flexible payment plans, and a user-friendly interface. Flexshopper remains committed to providing high-quality products through affordable payment plans to help people acquire the goods they need to enjoy life.


   Company Address: 901 Yamato Road Boca Raton 33431 FL
   Company Phone Number: 353-9289   Stock Exchange / Ticker: NASDAQ FPAY
   FPAY is expected to report next financial results on April 23, 2024.


   

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Flexshopper Inc

Flexshopper Inc Achieves Astonishing Surge in Revenue, Outperforming Competitors in Rental & Leasing Industry2.

Flexshopper Inc, a rental and leasing company, recently released its fiscal time-frame ending September 30, 2023 financial report, revealing impressive improvements compared to the previous year. The company reported a decrease in loss per share, from $-0.32 to $-0.01, indicating a positive trend in its financial performance. Additionally, the income per share improved from $-0.22 to a more favorable position.
One of the most notable achievements for Flexshopper Inc is the significant increase in revenue. The company experienced a rapid 20.064% growth, reaching $31.39 million, compared to $26.14 million in the same period last year. Moreover, the sequential revenue improvement was even higher at 27.941%, rising from $24.53 million. This growth in revenue demonstrates Flexshopper Inc's ability to outperform its competitors in the Rental & Leasing industry, as the industry only reported a 7.79% revenue improvement during the same period.

Flexshopper Inc

Amid a Demanding Period, Flexshopper Inc Faces Revenue Decline and Shortfall Challenge in Q2 2023



Flexshopper Inc, a prominent player in the Rental and Leasing sector, recently released its financial results for the April to June 2023 period. While the company reported a shortfall per stock of $-0.22 per share compared to $0.51 a year ago, it also demonstrated a significant surge in demand and potential for growth. However, these figures must be considered within the broader context of the company's overall performance and market conditions.
Revenue Decline and Challenging Shortfall Figures:
Flexshopper Inc experienced a decline in revenue by -32.877% to $24.53 million for the April to June 2023 period, compared to $36.55 million during the same reporting period the previous year. Sequentially, revenue fell by -20.314% from $30.79 million. These figures undoubtedly portray a challenging situation for the company.






 

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