{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-028712","form_type":"8-K","ticker":null,"cik":"0001397047","company_name":"FlexShopper, Inc.","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.233213+00:00","generated_at":"2026-06-04T04:25:09.510716+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FlexShopper Q4 revenue up 41% YoY, FY 2023 EBITDA turns positive to $23.2M; net loss widens on interest costs","bullets":["Q4 total fundings +12% to $35.4M; net lease and loan revenues +40.9% to $30.3M; gross profit jumped to $15.8M from $3.8M.","FY2023 Adjusted EBITDA $23.2M vs -$0.5M in 2022; operating income $13.7M vs loss of $6.3M.","Net loss attributable to common $8.3M ($0.51 loss per share) vs prior year income of $9.9M ($0.44 EPS), driven by higher interest expense and preferred dividends.","Subsequent event: entered new $150M credit facility with Waterfall Asset Management at SOFR+9%, replacing 2015 facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-028712","json":"https://secwatch.observer/filing/0001213900-24-028712.json","markdown":"https://secwatch.observer/filing/0001213900-24-028712.md","text":"https://secwatch.observer/filing/0001213900-24-028712.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1397047/000121390024028712/0001213900-24-028712-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1397047/000121390024028712/ea0202917-8k_flexshop.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:25:09.510716+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2e841c51e0f6b72ae76a24471c4f7994c2fc8d6a","claim":"FlexShopper, Inc. reported quarter ended December 31, 2023 results: revenue $30.3 million, net income $(715) thousand, EPS $(0.03) per diluted share.","evidence_excerpt":"Total net lease and loan revenues and fees increased 40.9% to $30.3 million from $21.5 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1397047/000121390024028712/0001213900-24-028712-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Revenue","value":"$30.3 million"},{"label":"Net income","value":"$(715) thousand"},{"label":"EPS","value":"$(0.03) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c9260a5954856caf973743c307d8090da5b051d4","claim":"FlexShopper, Inc. reported year ended December 31, 2023 results: revenue $117.0 million, net income $8.3 million, EPS $(0.51) per diluted share.","evidence_excerpt":"vs. Twelve Months Ended December 31, 2022: ● Total fundings increased 7.7% to $120.4 million from $111.8 million ● Total net lease and loan revenues and fees increased 3.4% to $117.0 million from $113.1 million ● Gross profit increased 47.4% to $54.7 million from $37.1 million ● Adjusted EBITDA 1 increased by $23.7 million to $23.2 million compared to ($0.5) million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1397047/000121390024028712/0001213900-24-028712-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"$117.0 million"},{"label":"Net income","value":"$8.3 million"},{"label":"EPS","value":"$(0.51) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}