Financial Snapshot

Revenue
$127.4M
TTM
Gross Margin
52.18%
TTM
Net Earnings
-$1.592M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
1577.74%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$27.48M
Q2 2024
Cash
Q2 2024
P/E
-13.90
Sep 13, 2024 EST
Free Cash Flow
-$35.82M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $117.0M $113.1M $125.4M $102.1M $88.80M $61.50M $67.00M $47.60M $20.70M $5.000M $0.00 $2.500M $2.400M $2.500M $1.700M $1.300M $600.0K
YoY Change 3.47% -9.86% 22.85% 14.98% 44.39% -8.21% 40.76% 129.95% 314.0% -100.0% 4.17% -4.0% 47.06% 30.77% 116.67%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $117.0M $113.1M $125.4M $102.1M $88.80M $61.50M $67.00M $47.60M $20.70M $5.000M $0.00 $2.500M $2.400M $2.500M $1.700M $1.300M $600.0K
Cost Of Revenue $62.30M $75.94M $79.18M $66.70M $60.20M $42.10M $51.60M $36.70M $16.70M $3.300M $0.00
Gross Profit $54.68M $37.12M $46.25M $35.40M $28.60M $19.40M $15.50M $10.90M $4.000M $1.700M $0.00
Gross Profit Margin 46.74% 32.83% 36.87% 34.67% 32.21% 31.54% 23.13% 22.9% 19.32% 34.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $23.25M $24.40M $20.62M $16.30M $12.10M $15.80M $14.00M $16.10M $1.400M $0.00
YoY Change -4.71% 18.32% 26.49% 34.71% -23.42% 12.86% -13.04%
% of Gross Profit 42.52% 65.73% 44.58% 46.05% 42.31% 81.44% 90.32% 147.71% 82.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.881M $4.038M $76.49M $65.89M $60.78M $43.05M $33.54M $24.30M $10.33M $2.330M $40.00K $20.00K $20.00K $30.00K $310.0K $50.00K $30.00K
YoY Change 95.18% -94.72% 16.08% 8.41% 41.18% 28.35% 38.02% 135.24% 343.35% 5725.0% 100.0% 0.0% -33.33% -90.32% 520.0% 66.67%
% of Gross Profit 14.41% 10.88% 165.38% 186.13% 212.52% 221.91% 216.39% 222.94% 258.25% 137.06%
Operating Expenses $40.99M $119.4M $38.88M $30.80M $23.50M $24.60M $21.60M $21.20M $12.50M $6.600M $700.0K $1.600M $1.600M $1.700M $3.400M $2.600M $1.700M
YoY Change -65.66% 206.96% 26.25% 31.06% -4.47% 13.89% 1.89% 69.6% 89.39% 842.86% -56.25% 0.0% -5.88% -50.0% 30.77% 52.94%
Operating Profit $13.69M -$6.303M $7.365M $4.600M $5.100M -$5.200M -$6.100M -$10.30M -$8.500M -$4.900M -$700.0K
YoY Change -317.2% -185.59% 60.1% -9.8% -198.08% -14.75% -40.78% 21.18% 73.47% 600.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense -$18.91M $11.16M -$5.239M -$4.300M -$4.300M -$4.200M -$2.200M -$1.900M -$500.0K $0.00 -$500.0K -$500.0K -$800.0K -$100.0K $0.00 $0.00
YoY Change -269.46% -313.06% 21.83% 0.0% 2.38% 90.91% 15.79% 280.0% 0.0% -37.5% 700.0%
% of Operating Profit -138.15% -71.13% -93.48% -84.31%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$5.223M -$3.003M $4.058M $300.0K $800.0K -$9.500M -$8.300M -$12.30M -$9.000M -$4.900M -$700.0K $400.0K $300.0K $0.00 -$1.900M -$1.300M -$1.000M
YoY Change 73.92% -174.01% 1252.69% -62.5% -108.42% 14.46% -32.52% 36.67% 83.67% 600.0% -275.0% 33.33% -100.0% 46.15% 30.0%
Income Tax -$989.8K -$16.64M $785.3K $700.0K $200.0K $0.00 -$100.0K -$500.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 19.35% 233.33% 25.0% 0.0% 0.0%
Net Earnings -$8.337M $13.63M $3.273M -$300.0K $600.0K -$9.500M -$8.300M -$12.30M -$8.800M -$3.700M -$700.0K $400.0K $300.0K -$400.0K -$1.900M -$1.300M -$1.000M
YoY Change -161.16% 316.52% -1190.92% -150.0% -106.32% 14.46% -32.52% 39.77% 137.84% 428.57% -275.0% 33.33% -175.0% -78.95% 46.15% 30.0%
Net Earnings / Revenue -7.13% 12.06% 2.61% -0.29% 0.68% -15.45% -12.39% -25.84% -42.51% -74.0% 16.0% 12.5% -16.0% -111.76% -100.0% -166.67%
Basic Earnings Per Share -$0.51 $0.45 $0.04
Diluted Earnings Per Share -$0.51 $0.44 $140.9K -$14.29K $33.90K -$1.105M -$1.566M -$2.365M -$1.796M -$1.321M -$368.4K $190.5K $142.9K -$190.5K -$1.462M -$1.000M -$909.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $4.413M $6.052M $5.095M $8.540M $6.870M $6.140M $4.970M $5.410M $3.400M $2.880M $960.0K $7.630M $6.640M $7.810M $5.690M $4.690M $5.000M
YoY Change -27.08% 18.79% -40.34% 24.31% 11.89% 23.54% -8.13% 59.12% 18.06% 200.0% -87.42% 14.91% -14.98% 37.26% 21.32% -6.2%
Cash & Equivalents
Short-Term Investments $7.020M $6.330M $7.640M $5.240M $4.290M $1.500M
Other Short-Term Assets $32.43M $35.16M $41.90M $43.69M $31.73M $32.68M $21.74M $18.93M $11.44M $4.360M $5.420M $270.0K $230.0K $300.0K $1.990M $290.0K $100.0K
YoY Change -7.76% -16.08% -4.1% 37.69% -2.91% 50.32% 14.84% 65.47% 162.39% -19.56% 1907.41% 17.39% -23.33% -84.92% 586.21% 190.0%
Inventory
Prepaid Expenses
Receivables $29.90M $10.03M $8.270M $6.380M $4.260M $2.180M $750.0K $130.0K $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $117.4M $109.7M $76.89M $62.27M $46.88M $45.20M $30.96M $26.53M $15.59M $7.370M $6.380M $7.900M $6.870M $8.110M $7.680M $4.980M $5.090M
YoY Change 7.06% 42.65% 23.48% 32.83% 3.72% 45.99% 16.7% 70.17% 111.53% 15.52% -19.24% 14.99% -15.29% 5.6% 54.22% -2.16%
Property, Plant & Equipment $10.55M $9.493M $7.841M $5.910M $5.260M $3.340M $2.950M $2.540M $1.800M $1.050M $60.00K $10.00K $20.00K $20.00K $30.00K $70.00K $90.00K
YoY Change 11.09% 21.07% 32.68% 12.36% 57.49% 13.22% 16.14% 41.11% 71.43% 1650.0% 500.0% -50.0% 0.0% -33.33% -57.14% -22.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.89M $13.95M $77.58K $70.00K $80.00K $90.00K $100.0K $70.00K $70.00K $60.00K $10.00K $10.00K $10.00K $10.00K $10.00K $180.0K $20.00K
YoY Change -0.4% 17879.58% 10.83% -12.5% -11.11% -10.0% 42.86% 0.0% 16.67% 500.0% 0.0% 0.0% 0.0% 0.0% -94.44% 800.0%
Total Long-Term Assets $39.06M $38.60M $7.919M $5.980M $5.330M $3.430M $3.050M $2.630M $1.890M $1.140M $100.0K $20.00K $20.00K $20.00K $510.0K $250.0K $110.0K
YoY Change 1.17% 387.5% 32.42% 12.2% 55.39% 12.46% 15.97% 39.15% 65.79% 1040.0% 400.0% 0.0% 0.0% -96.08% 104.0% 127.27%
Total Assets $156.5M $148.3M $84.81M $68.25M $52.21M $48.63M $34.01M $29.16M $17.48M $8.510M $6.480M $7.920M $6.890M $8.130M $8.190M $5.230M $5.200M
YoY Change
Accounts Payable $7.140M $6.512M $7.982M $7.910M $4.570M $8.320M $7.700M $3.920M $1.780M $840.0K $20.00K $90.00K $50.00K $60.00K $40.00K $120.0K $70.00K
YoY Change 9.64% -18.42% 0.91% 73.09% -45.07% 8.05% 96.43% 120.22% 111.9% 4100.0% -77.78% 80.0% -16.67% 50.0% -66.67% 71.43%
Accrued Expenses $4.791M $4.307M $3.543M $3.150M $1.910M $1.730M $1.190M $560.0K $740.0K $330.0K $70.00K $130.0K $90.00K $130.0K $350.0K $80.00K $170.0K
YoY Change 11.23% 21.59% 12.47% 64.92% 10.4% 45.38% 112.5% -24.32% 124.24% 371.43% -46.15% 44.44% -30.77% -62.86% 337.5% -52.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $480.0K $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $203.2K $1.409M $1.062M $6.010M $1.070M $16.07M $14.09M $0.00 $1.000M $0.00 $50.00K $0.00
YoY Change -85.58% 32.69% -82.33% 461.68% -93.34% 14.05% -100.0%
Total Short-Term Liabilities $12.13M $12.23M $12.59M $17.07M $7.550M $26.11M $22.99M $4.470M $2.520M $2.170M $3.420M $5.220M $4.600M $6.120M $5.510M $1.500M $680.0K
YoY Change -0.77% -2.85% -26.26% 126.09% -71.08% 13.57% 414.32% 77.38% 16.13% -36.55% -34.48% 13.48% -24.84% 11.07% 267.33% 120.59%
Long-Term Debt $113.8M $94.76M $53.82M $37.90M $32.66M $14.02M $4.700M $10.16M $8.790M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $50.00K $0.00
YoY Change 20.1% 76.05% 42.02% 16.04% 132.95% 198.3% -53.74% 15.59% -100.0%
Other Long-Term Liabilities $1.322M $10.27M $1.762M $2.130M $2.040M $0.00 $10.00K
YoY Change -87.13% 482.76% -17.3% 4.41% -100.0%
Total Long-Term Liabilities $115.1M $105.0M $55.59M $40.03M $34.70M $14.02M $4.700M $10.16M $8.790M $10.00K $0.00 $0.00 $0.00 $0.00 $0.00 $50.00K $0.00
YoY Change 9.62% 88.94% 38.86% 15.36% 147.5% 198.3% -53.74% 15.59% 87800.0% -100.0%
Total Liabilities $127.3M $117.3M $68.67M $57.10M $42.25M $40.13M $27.68M $14.63M $11.31M $2.170M $3.420M $5.220M $4.600M $6.120M $5.810M $1.550M $680.0K
YoY Change 8.53% 70.76% 20.26% 35.15% 5.28% 44.98% 89.2% 29.35% 421.2% -36.55% -34.48% 13.48% -24.84% 5.34% 274.84% 127.94%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding 16.26M shares 21.65M shares 21.39M shares
Diluted Shares Outstanding 16.26M shares 22.43M shares 23.23M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $22.137 Million

About FlexShopper Inc

FlexShopper, Inc. is a financial technology company, which engages in the provision of electronics, home furnishings, and other durable goods to underserved consumers on a lease-to-own (LTO) basis through its patented e-commerce marketplace. The company is headquartered in Boca Raton, Florida and currently employs 204 full-time employees. The company went IPO on 2007-12-12. The firm provides a variety of funding options via lease-purchase solutions and loans. The company has several channels, which generate payment options for customers. The firm 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. The company 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 firm's primary sales channels include business-to-consumer and business-to- business channels. The company offers a range of brands, such as Samsung, Sony and TCL home electronics; Frigidaire, General Electric, Samsung and Whirlpool appliances, and others.

Industry: Services-Equipment Rental & Leasing, NEC Peers: A-Mark Precious Metals, Inc. Acacia Research Corp California First Leasing Corp GWG Holdings, Inc. Sundance Strategies Inc SWK Holdings Corp LM Funding America Inc Mill City Ventures III Ltd