FPAY Earnings Prediction
The chart below shows how FPAY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FPAY sees a +9.98% change in stock price 10 days leading up to the earnings, and a +20.29% change 10 days following the report. On the earnings day itself, the stock moves by -1.72%. This data can give you a slight idea of what to expect for the next quarter's release.
FPAY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
38.59M
22.95%
21.50%
Gross Margin
--
--
--
Operating Margin
24.77%
30.64%
231.15%
Net Margin
6.13%
104.33%
-221.39%
EPS
0.05
600.00%
-138.46%
No Data Available
FPAY Earnings Analysis
FlexShopper, Inc. Common Stock Corporation (FPAY.O) Earnings Conference Call
Positive
Quarterly Revenue Surge: 1. Record Revenue Growth: FlexShopper achieved a quarterly record revenue of nearly $39 million, reflecting a 23% increase compared to the previous year.
EBITDA Improvement Highlights: 2. Significant EBITDA Improvement: Adjusted EBITDA rose by 45% to a record of over $12 million, demonstrating strong operational efficiency and profitability.
Lease Funding Surge: 3. Increased Lease Funding Approvals: Total lease funding approvals increased by 33% year-over-year to $77 million, indicating robust demand for FlexShopper's payment solutions.
Retail Location Expansion: 4. Expansion of Retail Locations: The company expanded its signed store count to approximately 7,800 locations, a nearly 250% increase from the previous year, enhancing its market presence.
Asset Quality Improvement: 5. Improved Asset Quality: The provision for doubtful accounts as a percentage of gross lease billings decreased from 32.1% to 22.2%, marking a 30.8% reduction year-over-year and reflecting better credit performance.
Negative
Doubtful Accounts Provision Analysis: 1. High Provision for Doubtful Accounts: The provision for doubtful accounts as a percentage of gross lease billings and fees was 22.2% in Q3 2024, indicating ongoing concerns about asset quality despite a year-over-year improvement from 32.1% in Q3 2023.
Net Loan Revenue Decline: 2. Decline in Net Loan Revenues: Overall net loan revenues decreased to $9 million in Q3 2024 from $10.3 million in Q3 2023, reflecting challenges in the bank partner loan model which reported a loss of $190,000 compared to a gain of $7.7 million last year.
Customer Acquisition Decline: 3. Decrease in New Customer Originations: Overall origination counts were down 8% in Q3 2024 compared to the same period last year, indicating a potential slowdown in customer acquisition despite some improvements in new customer origination dollars in September and October.
Rising Depreciation Costs: 4. Increased Depreciation and Impairment Costs: Overall depreciation and impairment costs increased by $1.4 million year-over-year, despite a significant increase in lease revenue of $5.1 million, suggesting rising costs associated with lease merchandise.
Audit Delay Concerns: 5. Potential Delays in Financial Reporting: The company indicated that Grant Thornton may need additional time to finalize the audit of the third quarter financial results, which could lead to an automatic extension filing with the SEC, raising concerns about transparency and timely reporting.
FPAY FAQs
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FPAY Earning Call Sentiment
FlexShopper, Inc. (FPAY) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FPAY.O
2.88%Positive
The earnings call summary highlights strong financial performance, including significant revenue and EBITDA growth, improved gross margins, and increased lease originations. The redemption of preferred stock and rights offering are expected to enhance shareholder value. Despite some concerns in the Q&A about management clarity and potential market risks, the overall sentiment remains positive due to robust financial metrics and optimistic guidance. The positive impact of partnerships and retail expansion further supports a positive outlook, suggesting a potential stock price increase of 2% to 8% over the next two weeks.