FlexShopper, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 11, 2023 at 09:02 pm
Share
FlexShopper, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 24.71 million compared to USD 27.77 million a year ago. Revenue was USD 30.79 million compared to USD 28.96 million a year ago.
Net loss was USD 0.230215 million compared to USD 2.38 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.14 a year ago.
FlexShopper, Inc. is a financial technology company that provides payment options to consumers. The Company provides a variety of funding options via lease-purchase solutions and loans. It has several channels, which generate payment options for customers. The Company enables consumers to use its e-commerce marketplace to shop for brand name electronics, home furnishings and other durable goods on a lease-to-own (LTO) basis. It provides an opportunity to obtain ownership of durable products, such as consumer electronics, home appliances, computers (including tablets and wearables), smartphones, tires, jewelry and furniture (including accessories), under affordable payment LTO purchase agreements with no long-term obligation. The Company's primary sales channels include business-to-consumer and business-to- business channels. It offers a range of brands, such as Samsung, Sony and TCL home electronics; Frigidaire, General Electric, Samsung and Whirlpool appliances, and others.
FLEXSHOPPER, INC. 
