BOCA RATON, Fla., June 26, 2025 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading provider of lease-to-own (LTO) payment solutions, today announced that on June 18, 2025, it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq approved the Company’s request for a 180-calendar day extension (the “Extension”) to regain compliance with Listing Rule 5250(c)(1) (the “Rule”). The Rule requires timely filing of all required periodic financial reports with the ...

BOCA RATON, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading provider of lease-to-own (LTO) payment solutions, is pleased to announce a new strategic partnership with ICON Vehicle Dynamics, a premier manufacturer of performance suspension systems and off-road vehicle components. This collaboration brings FlexShopper's innovative LTO financing directly to ICON's customers, making premium vehicle upgrades more accessible and affordable.   ICON’s customers now ...

FlexShopper, Inc. Reports 2024 Fourth-Quarter and Year-End Financial Results Ongoing DTC and B2B growth strategies drove a 19.5% year-over-year increase in annual revenue Exhibit 99.1 NEWS RELEASE 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 -- FlexShopper, Inc. (Nasdaq: FPAY) ("FlexShopper"), a leading national online lease-to- ...

Core Insights - FlexShopper, Inc. reported a 19.5% year-over-year increase in annual revenue, driven by ongoing DTC and B2B growth strategies [1][2] - Operating income for 2024 rose 66% to $22.8 million, with adjusted EBITDA increasing 43.1% to $33.3 million due to higher revenue and controlled expenses [1][8] Financial Performance - Total lease funding approvals increased 79.3% to $382.8 million from $213.5 million [8] - Total revenues for the year increased 19.5% to $139.8 million from $117.0 million [8] - Gross profit rose 40.3% to $76.7 million from $54.7 million, with gross profit margin improving from 47% to 55% [8] - Net loss attributable to common stockholders decreased to ($4.7) million, or ($0.22) per diluted share, compared to a net loss of ($8.3) million, or ($0.38) per diluted share in the previous year [8][22] Growth Strategies - FlexShopper expanded its LTO offerings to 7,900 locations, a ~250% increase, and launched a retail revenue strategy on its marketplace, contributing to incremental revenues [2][4] - Lease originations for the first quarter of 2025 increased 49.7% compared to the same period in 2024, indicating continued growth momentum [4] Balance Sheet and Capital Management - The company raised $12.2 million through a rights offering and is looking to repurchase 91% of its series 2 convertible preferred stock at a significant discount [3] - Total assets increased to $209.5 million as of December 31, 2024, compared to $156.5 million in 2023 [19][20] Future Outlook - FlexShopper anticipates continued growth in 2025, projecting gross profit between $90 million and $100 million, representing a 17% to 30% increase from 2024 [16] - Adjusted EBITDA for 2025 is expected to be between $40 million and $45 million, a 20% to 35% increase from 2024 [16]

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 ...