FlexShopper Q1 revenue up 10% to $33.9M, gross profit up 31%, net loss $0.06/share

FlexShopper, Inc.

2024-Q1 EPS reported -$0.06 revenue$33,944,873

Total revenues increased 10.1% to $33.9M; gross profit rose 30.9% to $17.8M.
Adjusted EBITDA grew 18.4% to $7.6M from $6.4M in prior-year quarter.
Net loss attributable to common stockholders was $1.3M ($0.06 per diluted share), flat YoY.
Total fundings declined 1.1% to $26.0M from $26.3M.
Core earnings rose 64.7% to a gain of $354K from $215K.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FlexShopper, Inc. reported the quarter ended March 31, 2024 results: revenue $33.9 million, net income $(1.3) million, EPS $(0.06) per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $33.9 million
Net income: $(1.3) million
EPS: $(0.06) per diluted share
Result: reported results

Exact text from the filing

Total revenues increased 10.1% to $33.9 million from $30.8 million ● Gross profit increased 30.9% to $17.8 million from $13.6 million ● Adjusted EBITDA 1 increased by $1.2 million to $7.6 million from $6.4 million ● Operating income increased 19.0% to $5.0 million from $4.2 million ● Net loss attributable to common stockholders of $(1.3) million, or $(0.06) per diluted share, compared to net loss attributable to common stockholders of $(1.2) million, or $(0.06) per diluted share

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Source: SEC EDGAR

accession 0001213900-24-042290

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