Core Viewpoint - FlexShopper, Inc. has announced an update regarding its rights offering, allowing shareholders who participated in the initial unit subscription to engage in Series A, B, and C rights offerings, following a successful fundraising effort that raised approximately $12 million [1][2]. Financial Performance - The initial unit subscription raised about $12 million, which included $9.4 million in gross proceeds and the conversion of $2.5 million of subordinated debt [2]. - The gross proceeds were utilized to reduce borrowings under FlexShopper's credit agreement, leading to an estimated 15% accretive impact on pro-forma earnings per share for Q3 2024 [2]. Rights Offering Details - Series A rights expire on February 15, 2025, Series B on March 17, 2025, and Series C on April 16, 2025 [3]. - The exercise price for Series A is the higher of $1.70 or 90% of the VWAP over the last three trading days prior to expiration, capped at $2.55; Series B has a similar structure with a cap of $3.40; Series C is capped at $4.25 [3]. Participation Encouragement - FlexShopper encourages holders of the Series A, B, and C rights to contact their brokers or financial advisors to participate in the offerings, with specific submission deadlines highlighted [4]. Company Overview - FlexShopper, Inc. is a leading national financial technology company that provides payment solutions and flexible funding options to underserved consumers through its online marketplace and partnerships with merchants [7][8].

Core Insights - FlexShopper Inc. has appointed Patrick McCrory as an independent board member following the retirement of T. Scott King from the Board of Directors effective January 20, 2025 [1][2] Group 1: Board Changes - T. Scott King has retired from FlexShopper's Board of Directors after over a decade of service, with the company expressing gratitude for his leadership and commitment [3] - Patrick McCrory, the new board member, has extensive experience in leadership, public policy, and business, having served as the 74th governor of North Carolina and the mayor of Charlotte [2] Group 2: Company Overview - FlexShopper Inc. specializes in lease-to-own (LTO) and lending solutions aimed at underserved consumers in the U.S., providing flexible payment options through its marketplace and partnerships with retailers [3]

Company Overview - FlexShopper, Inc. is a leading national online lease-to-own retailer and payment solutions provider, listed on Nasdaq under the ticker FPAY [1][3] - The company offers flexible funding options for underserved consumers through its online marketplace and partnerships with both online and brick-and-mortar merchants [3] Upcoming Event - FlexShopper will present at the Sidoti Micro-Cap Virtual Conference on January 22 and 23, 2025, with CEO Russ Heiser and COO John Davis hosting one-on-one meetings [1] - The live presentation is scheduled for January 23, 2025, at 9:15 AM Eastern Time, and registration for the event is free [2] Business Model - FlexShopper's solutions are designed to cater to a wide range of consumer segments through lease-to-own and lending products [3]

Core Viewpoint - FlexShopper, Inc. has successfully completed a unit rights offering, raising approximately $9.4 million in gross proceeds, with plans to utilize the funds for debt repayment and potential acquisitions [1][2][3]. Group 1: Rights Offering Details - The Rights Offering expired on January 10, 2025, with approximately 5,547,993 subscription rights exercised, representing about 21% of the company's common stock [2]. - Units were sold at $1.70, reflecting a 15% discount to the 3-day volume weighted average price [1]. - An additional 21 million rights can be exercised over the next 90 days at 30-day intervals for more shares [2]. Group 2: Financial Impact and Future Plans - The company intends to use proceeds to repurchase over 90% of its Series 2 Convertible Preferred Stock and repay portions of its credit facility and other debts [3]. - The CEO highlighted that the Rights Offering is expected to save approximately $8.5 million in annual dividend and interest expenses if similar participation occurs in upcoming rights offerings [3]. - The conversion of $2.5 million of subordinated debt is anticipated to save approximately $0.5 million in annual interest expenses [4]. Group 3: Market Performance - The company's stock price increased from $1.03 per share at the end of Q3 2024 to $1.90 per share by January 10, 2025, indicating a market capitalization growth from $22.1 million to over $54 million [3]. - The CEO expressed optimism about the company's growth strategy and market share expansion [5]. Group 4: Company Overview - FlexShopper, Inc. is a national financial technology company providing lease-to-own and lending products to underserved consumers through its online marketplace and partnerships with merchants [7].

Company Performance - FlexShopper Inc. (FPAY) has seen a stock increase of 5.4% over the past month, reaching a new 52-week high of $2.3 [1] - The stock has gained 25.7% since the beginning of the year, outperforming the Zacks Finance sector's 21.3% and the Zacks Financial - Miscellaneous Services industry's 15.8% [1] Earnings and Forecast - FlexShopper has a strong record of positive earnings surprises, not missing earnings consensus estimates in the last four quarters [2] - In the latest earnings report on November 14, 2024, FlexShopper reported EPS of $0.05, exceeding the consensus estimate of $0.02 [2] - For the current fiscal year, FlexShopper is expected to post earnings of $0.39 per share on revenues of $146.85 million [2] Valuation Metrics - FlexShopper currently trades at 5.5X current fiscal year EPS estimates, below the peer industry average of 10.3X [6] - On a trailing cash flow basis, the stock trades at 0.8X compared to its peer group's average of 9.3X [6] Zacks Rank and Style Scores - FlexShopper holds a Zacks Rank of 2 (Buy) due to rising earnings estimates [7] - The company has a Value Score of A, a Growth Score of D, and a Momentum Score of B, resulting in a combined VGM Score of B [5][7] Industry Comparison - The Financial - Miscellaneous Services industry is in the top 21% of all industries, indicating favorable conditions for both FPAY and its peers [10] - StoneX Group Inc. (SNEX), a peer, has a Zacks Rank of 1 (Strong Buy) and is expected to post earnings of $8.04 per share on revenues of $3.39 billion for the current fiscal year [8][9]

Group 1: Momentum Investing Overview - Momentum investing deviates from the traditional strategy of "buying low and selling high," focusing instead on "buying high and selling higher" to achieve quicker profits [1] - Fast-moving trending stocks can be challenging to enter at the right time, as they may lose momentum if future growth does not justify their inflated valuations [2] Group 2: Investment Strategy and Stock Selection - Investing in bargain stocks that have recently shown price momentum can be a safer approach, with tools like the Zacks Momentum Style Score aiding in identifying such stocks [3] - FlexShopper Inc. (FPAY) is highlighted as a strong candidate, showing a four-week price change of 5.4% and a significant 66.7% gain over the past 12 weeks [4][5] Group 3: Performance Metrics and Valuation - FPAY has a beta of 1.43, indicating it moves 43% more than the market, suggesting strong momentum [5] - The stock has a Momentum Score of B, indicating a favorable time to invest, and it has a Zacks Rank 2 (Buy) due to positive earnings estimate revisions [6][7] - FPAY is trading at a Price-to-Sales ratio of 0.34, suggesting it is undervalued, as investors pay only 34 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides FPAY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks based on various investing styles [9]

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 ...

BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- FlexShopper (NASDAQ:FPAY), a leading provider of lease-to-own payment solutions, is pleased to announce a new partnership with Tire Agent. Tire Agent currently originates over $100 million in lease-to-own transactions annually and is a two-time honoree on the Inc. 5000 list of the fastest-growing companies in 2023 and 2024. This new collaboration integrates FlexShopper's payment solutions directly onto Tire Agent's website and establishes Tire Agent as the ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" to maximize returns in a shorter time frame [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify promising stocks [3] Group 2: FlexShopper Inc. (FPAY) Analysis - FlexShopper Inc. (FPAY) has shown significant price momentum, with a four-week price change of 66.4%, indicating growing investor interest [4] - FPAY has gained 91.1% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer time frame [5] - The stock has a beta of 1.43, suggesting it moves 43% more than the market in either direction, indicating fast-paced momentum [5] - FPAY holds a Momentum Score of B, suggesting it is an opportune time to invest in the stock [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - FPAY is trading at a Price-to-Sales ratio of 0.31, indicating it is reasonably valued at 31 cents for each dollar of sales, providing room for growth [7] Group 3: Additional Investment Opportunities - Besides FPAY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategically created options to help investors find winning stock picks based on their investing style [9]