Summary
FPAY Chart
Here Is Why Bargain Hunters Would Love Fast-paced Mover FlexShopper (FPAY)
FlexShopper (FPAY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
FlexShopper: Unpacking The Potential Of Rights Offering
FlexShopper is undergoing a capital structure transformation, aiming to repurchase preferred stock at a discount through a complex rights offering to benefit common shareholders. FPAY trades at around 6x EV/EBITDA, with potential upside if it can reduce high-cost debt and improve cash generation. The rights offering could raise $25M-$100M, significantly improving FlexShopper's balance sheet and allowing for better debt terms and lower interest expenses.
FlexShopper, Inc. (FPAY) Q3 2024 Earnings Call Transcript
FlexShopper, Inc. (NASDAQ:FPAY ) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Andrew Berger - Investor Relations Russ Heiser - Chief Executive Officer John Davis - Chief Operating Officer Conference Call Participants Scott Buck - H.C. Wainwright Michael Diana - Maxim Group Steve Silver - Argus Research Operator Ladies and gentlemen, good morning, and welcome to the FlexShopper, Inc. Third Quarter Earnings Conference Call.
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FlexShopper Inc. Profile
| Financial Services Industry | Financials Sector | Carlos Sanchez CEO | OTC PINK Exchange | 33939J303 CUSIP |
| US Country | 204 Employees | - Last Dividend | 25 Oct 2016 Last Split | 19 Feb 2014 IPO Date |
Overview
FlexShopper, Inc. stands as a pivotal player in the financial technology sector, innovating the e-commerce arena with its unique lease-to-own (LTO) marketplace. This platform is tailor-made for consumers eager to shop for electronics, home furnishings, and a wide range of durable goods, all through a versatile LTO arrangement. Originally established under the name Anchor Funding Services, Inc., the company underwent a significant rebranding to FlexShopper, Inc. in October 2013. With its roots planted in 2003, FlexShopper has since solidified its presence and operations out of its Boca Raton, Florida headquarters. This company not only bridges the gap between high-quality products and consumer affordability but also introduces flexible payment methods, making it a cornerstone for shoppers and a model of innovation within the fintech industry.
Products and Services
- Consumer Electronics & Home Appliances
At the heart of FlexShopper’s offerings are the latest in consumer electronics and essential home appliances. Customers can find everything from cutting-edge televisions and sound systems by renowned brands like LG, Samsung, and Sony to indispensable kitchen and laundry appliances from Frigidaire, General Electric, and Whirlpool.
- Computers & Smart Devices
In today’s digital age, FlexShopper caters to the tech-savvy consumer with an impressive selection of computers, including high-performance tablets, wearable technology, and smartphones. Noteworthy brands such as Apple, Asus, Dell, Hewlett Packard, and Toshiba are featured, ensuring that customers have access to the latest innovations and technology.
- Tires
Recognizing the importance of vehicle maintenance and safety, FlexShopper provides a variety of tires to meet the needs of any car, ensuring reliability and performance on the road.
- Jewelry and Furniture
Complementing its electronic and appliance offerings, FlexShopper also brings elegance to homes and personal collections with an array of furniture and jewelry. Customers can enhance their living spaces with products from top furniture brands such as Resident, Sealy, and Ashley, or accessorize with exquisite jewelry pieces.
