Ongoing DTC and B2B growth strategies drove a 19.5% year-over-year increase in annual revenue Operating income for 2024 increased 66% to $22.8 million, and adjusted EBITDA increased 43.1% to $33.3 million, as a result of higher revenue, controlled expenses and favorable asset quality BOCA RATON, Fla., April 23, 2025 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and payment solution provider for underserved consumers, today annou ...

Total new customer application volume in January 2025 increased 130% year-over-year, driving the highest level of January originations, with total originations up 44% year-over-year Monthly growth trends accelerated in January 2025, compared to December 2024 Indicators of profitability for January 2025 are encouraging with 105% increase in FlexShopper.com gross margin dollars, a 34% year-over-year reduction in marketplace marketing cost per new customer, and stable asset quality BOCA RATON, Fla., Feb. 10, ...

BOCA RATON, Fla., Jan. 30, 2025 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), a prominent national online lease-to-own retailer and payment solutions provider, today announced an update to its previously disclosed rights offering. FlexShopper shareholders who participated in the unit subscription that closed on January 10, 2025, are now eligible to participate in the Series A, B, and C rights. Details of which can be found in the body of this press release. As a result of the initial unit subscriptio ...

T. Scott King to Retire from FlexShopper’s Board of DirectorsBOCA RATON, Fla., Jan. 22, 2025 (GLOBE NEWSWIRE) -- FlexShopper Inc. (Nasdaq: FPAY), a leading national lease-to-own (LTO) retailer and payment solutions provider, today announced that it has appointed Patrick McCrory as an independent board member. In addition, FlexShopper announced the retirement of T. Scott King from the Company’s Board of Directors effective January 20. “We are excited to welcome Pat to FlexShopper’s Board of Directors,” said ...

FlexShopper will Present on January 23, 2025, at 9:15 am ETBOCA RATON, Fla., Jan. 16, 2025 (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, will be presenting and hosting one-on-one meetings at the Sidoti Micro-Cap Virtual Conference on Wednesday, January 22, 2025, and Thursday, January 23, 2025. To access the live presentation and Q&A, please use the following i ...

BOCA RATON, Fla., Jan. 13, 2025 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), a prominent national online lease-to-own retailer and payment solutions provider, today announced the preliminary results of its previously disclosed unit rights offering (the "Rights Offering"), which expired at 5:00 pm ET on January 10, 2025 (the "Expiration Date"). The Company also announced that the holder of the Company's subordinated debt has elected to convert 25%, or $2.5 million of the outstanding principal balance ...

Shares of FlexShopper Inc. (FPAY) have been strong performers lately, with the stock up 5.4% over the past month. The stock hit a new 52-week high of $2.3 in the previous session. FlexShopper Inc. has gained 25.7% since the start of the year compared to the 21.3% move for the Zacks Finance sector and the 15.8% return for the Zacks Financial - Miscellaneous Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consen ...

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Positive momentum remained strong for the month of December with record application volume, record lease and loan originations and record retail product margin Operating metrics substantially better than the results in the third quarter of 2024 and the fourth quarter of 2023, which produced prior record financial results for those respective periods BOCA RATON, Fla., Jan. 06, 2025 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), a prominent national online lease-to-own retailer and payment solutions pr ...

BOCA RATON, Fla., Dec. 30, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (NASDAQ:FPAY), a leading provider of lease-to-own (LTO) payment solutions, today announced the successful expansion of its services to new franchisees of Jiffy Lube and Meineke Car Care Centers through a strategic partnership with PayTomorrow, a leading provider of financing technology solutions. This collaboration supports the owner/operator model embraced by franchisees, optimizing sales and profitability across their locations. "The po ...