Exhibit 99.1 NEWS RELEASE FlexShopper, Inc. Reports Record 2024 Third-Quarter Financial Results Strategic transformation produced record quarterly total revenue of $38.6 million, with earnings increasing to $0.05 per diluted share for the third quarter of 2024 Adjusted EBITDA increased 45% year-over-year to a quarterly record of $12.2 million Boca Raton, Fla., -- November 14, 2024 -- FlexShopper, Inc. (Nasdaq: FPAY) ("FlexShopper"), a leading national online lease-to-own ("LTO") retailer and payment solutio ...

Financial Data and Key Metrics - Total revenue increased 23% to a quarterly record of nearly $39 million [11] - Adjusted EBITDA increased by 45% to a quarterly record of more than $12 million [11] - Net income attributable to common stockholders was $1.2 million or $0.05 per diluted share [11] - Gross profit expanded 32.9% year-over-year, producing a 58% gross margin in Q3 2024 compared to 54% in Q3 2023 [34] - Adjusted EBITDA margin was 31.5% compared to 26.7% for the same period last year [48] Business Line Data and Key Metrics - B2B channel lease funding approvals increased 33% during the third quarter to $77 million [11] - Signed store count increased nearly 250% from approximately 2,300 retail locations at the end of 2023 to approximately 7,800 locations [11] - B2C marketplace retail revenue increased from $780,000 for the quarter ended March 31, 2024 to $1.2 million for the quarter ended September 30, 2024 [14] - Total lease funding approvals were 33% higher at $77 million in Q3 of 2024, versus $57.9 million in Q3 of 2023 [42] Market Data and Key Metrics - The company has announced new partnerships with leading payment platforms, including Pay Tomorrow, Taris Finance, Versatile Credit, and Pay Possible [11] - The company has also announced retail partnerships with RANDYS Worldwide and Monro [11] - The company has a strong pipeline of potential payment and retail partners and expects to announce new partners in the coming months [12] Company Strategy and Industry Competition - The company is focused on pursuing proactive growth strategies within its B2C and B2B channels [11] - The company has invested in enhancing its internal underwriting, collections, and account servicing capabilities [11] - The company has filed patent infringement lawsuits against competitors Upbound and Katapult to protect its online LTO technology [20][21] - The company plans to expand its marketing spend to drive traffic and increase conversion on its B2C marketplace [15] Management Commentary on Operating Environment and Future Outlook - The company believes 2024 is shaping up to be a transformative year as its growth strategies take hold [9] - The company expects retail revenue to continue increasing over the coming quarters [15] - The company is optimistic about the direction of its business and the opportunities to create significant value for shareholders in 2025 and beyond [26] - The company plans to introduce AI-driven automation in collector servicing capabilities in 2025 [64] Other Important Information - The company has the opportunity to redeem 91% of its Series 2 Preferred Stock at a greater than 50% discount to its liquidation value of $44 million [22] - The redemption of the Series 2 Preferred Stock will be highly accretive to earnings and will contribute over $4 million to annual operating income [24] - The company has filed an S-1 registration statement with the SEC for a proposed rights offering to purchase up to 35 million units [54] Q&A Session Summary Question: Improvement in Payment Performance - The improvement in payment performance is driven by improved underwriting and fraud evaluation, quality of the customer, and servicing capabilities [62][63][64] Question: B2B Business Rollout Time - The rollout time for new locations typically takes six to nine months, with some variability due to seasonality and retailer adoption [66][67][68] Question: Revenue Mix Shift in Q4 - The fourth quarter typically sees a higher retail component, but many originations during the holiday season will not be fully represented until Q1 of the next year [69] Question: Gross Margin Benchmark - The company does not anticipate further significant reductions in bad debt but expects continued contribution from retail margin and top-line growth [71][72][73] Question: Retail Pipeline Acceleration - The acceleration in the retail pipeline is due to successful partnerships and the potential for more large deals in the future [81][82] Question: Debt Reduction and Net Income Utilization - The company plans to focus on deleveraging, growing the business, and lowering the cost of capital, with potential to transition to lower-cost debt capital as net income increases [84][85][86] Closing Remarks - The company looks forward to communicating its holiday season results on the next call [90]

FlexShopper Inc. (FPAY) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.13, delivering a surprise of 13.33%.Over the last four quarters, the company has surpa ...

BOCA RATON, Fla., Nov. 11, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and payment solution provider for underserved consumers, announced today that it intends to release its financial results for its third quarter ended September 30, 2024, after the market closes on Wednesday, November 13, 2024. The Company intends to hold a conference call to discuss those results the next day, November 14, at 8:30 a.m. Eastern Time. Co ...

Partnership with the Aftermarket Auto Parts Alliance brings FlexShopper's proven and flexible payment solutions to more than 3,700 new retail locations Aftermarket Auto Parts Alliance is an independent network of service repair shops, including the Auto Value and Bumper to Bumper brands BOCA RATON, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), a prominent national online lease-to-own retailer and payment solutions provider, is proud to announce a strategic partnership with the Af ...

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating FlexShopper, Inc. (NASDAQ: FPAY) on behalf of the company's shareholders. The investigation seeks to determine whether FlexShopper's directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of FlexShopper, Inc. and are interested in obtaining additional information regarding your rights and options, free of charge, please visit us at: https://pjlfirm.com/f ...

FlexShopper to offer lease-to-own solutions within PayPossible's waterfall to new merchants, including RANDYS Worldwide, with a retail network of over 20,000 locations PayPossible to introduce new payment options on FlexShopper.com BOCA RATON, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- FlexShopper Inc. (Nasdaq: FPAY), a leading national lease-to-own (LTO) retailer and payment solutions provider, has announced a strategic partnership with PayPossible, a top financing waterfall platform. This partnership will in ...

BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY) (the "Company") announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") for a proposed rights offering in which it plans to distribute to its stockholders non-transferable subscription rights to purchase up to 35,000,000 units. Each unit will consist of one share of common stock (the "Common Shares") and three short-term rights to purchase additional Com ...

BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), ("the Company"), a leading online lease-to-own retailer and payment solutions provider, today announced that it has entered into a purchase option agreement with the majority holder of the Company's Series 2 Preferred Stock (the "Preferred Stock"), in which FlexShopper has the option to redeem 91% of FlexShopper's Preferred Stock at a 50+% discount to the second quarter of 2024 liquidation preference of approximately $43 m ...

BOCA RATON, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), ("the Company"), a leading online lease-to-own retailer and payment solutions provider, has initiated legal action to defend its intellectual property. The Company has filed patent infringement lawsuits against Upbound Group, Inc. (Nasdaq: UPBD) (including its Acima subsidiaries) and Katapult Holdings, Inc., (Nasdaq: KPLT) alleging unauthorized use of FlexShopper's patented technologies. FlexShopper has retained the renown ...