---
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"
generated_at: "2026-06-04T04:25:09.510716+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FlexShopper Q4 revenue up 41% YoY, FY 2023 EBITDA turns positive to $23.2M; net loss widens on interest costs

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-028712
- form_type: 8-K
- cik: 0001397047
- company_name: FlexShopper, Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-028712
- JSON: https://secwatch.observer/filing/0001213900-24-028712.json
- Plain text: https://secwatch.observer/filing/0001213900-24-028712.txt

## Key facts
- Earnings Releases
  FlexShopper, Inc. reported quarter ended December 31, 2023 results: revenue $30.3 million, net income $(715) thousand, EPS $(0.03) per diluted share.
  - Period: quarter ended December 31, 2023
  - Revenue: $30.3 million
  - Net income: $(715) thousand
  - EPS: $(0.03) per diluted share
  - Result: reported results
  source text: Total net lease and loan revenues and fees increased 40.9% to $30.3 million from $21.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397047/000121390024028712/0001213900-24-028712-index.htm
- Earnings Releases
  FlexShopper, Inc. reported year ended December 31, 2023 results: revenue $117.0 million, net income $8.3 million, EPS $(0.51) per diluted share.
  - Period: year ended December 31, 2023
  - Revenue: $117.0 million
  - Net income: $8.3 million
  - EPS: $(0.51) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1397047/000121390024028712/0001213900-24-028712-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.