Streetbeat News

FPAY

FlexShopper, Inc.

https://www.flexshopper.com

Industry

Rental & Leasing Services

FlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer electronics; home appliances; computers, including tablets and wearables; smartphones; tires; and jewelry and furniture, such as accessories. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is headquartered in Boca Raton, Florida.

Open

1.84

Mkt cap

40M

Volume

136K

High

1.91

P/E Ratio

-7.12

52-wk high

2.19

Low

1.77

Div yield

N/A

52-wk low

0.97

FlexShopper has issued a reminder for right holders to contact their brokers before December 18th to participate in the early subscription process. This is crucial for those holding rights to ensure timely processing.

Portfolio Pulse from

December 16, 2024 | 9:45 pm

Argus Research has initiated coverage on FlexShopper, Inc. (NasdaqCM:FPAY), providing an equity research report on the company.

Portfolio Pulse from

December 16, 2024 | 4:30 pm

FlexShopper has partnered with Tire Agent to offer expanded tire shopping options for near-prime credit consumers. This collaboration integrates FlexShopper's payment solutions on Tire Agent's website and establishes Tire Agent as the preferred online tire retailer on the FlexShopper marketplace.

Portfolio Pulse from

December 16, 2024 | 1:15 pm

FlexShopper (FPAY) is highlighted as a strong momentum stock trading at reasonable prices, making it attractive for bargain hunters. It has been identified through a 'Fast-Paced Momentum at a Bargain' screen.

Portfolio Pulse from

December 05, 2024 | 3:00 pm

FlexShopper Inc. has announced an exclusive lease-to-own partnership with United Wheels Inc., which includes brands like Huffy and Niner Bikes. This strategic move could enhance FlexShopper's market reach in the outdoor and bicycle sectors.

Portfolio Pulse from

December 04, 2024 | 1:15 pm

FlexShopper, Inc. (Nasdaq: FPAY) has announced a tentative schedule for its proposed rights offering. The company aims to raise capital to repurchase over 90% of its Series 2 Convertible Preferred Stock, repay part of its credit facility, and fund potential acquisitions.

Portfolio Pulse from

November 27, 2024 | 12:45 pm

FlexShopper is undergoing a capital structure transformation through a rights offering to repurchase preferred stock at a discount, potentially raising $25M-$100M. This could improve its balance sheet, reduce high-cost debt, and enhance cash generation.

Portfolio Pulse from

November 26, 2024 | 4:45 pm

FlexShopper, Inc. (FPAY) held its Q3 2024 earnings call, discussing financial performance and company operations. Key participants included CEO Russ Heiser and COO John Davis, with analysts from H.C. Wainwright, Maxim Group, and Argus Research attending.

Portfolio Pulse from

November 15, 2024 | 12:00 am

FlexShopper Inc. (FPAY) reported Q3 earnings of $0.05 per share, surpassing the Zacks Consensus Estimate of $0.02 per share. This marks a significant improvement from a loss of $0.01 per share a year ago.

Portfolio Pulse from

November 14, 2024 | 2:45 pm

FlexShopper, Inc. (Nasdaq: FPAY) will release its Q3 2024 financial results on November 13, 2024, and hold a conference call on November 14, 2024, to discuss the results.

Portfolio Pulse from

November 11, 2024 | 9:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.