FlexShopper, Inc. (NASDAQ:FPAY) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, FPAY is expected to report 3Q20 income of $ 0.01 per share from revenue of $ 22.56 million.
For the full year, analysts anticipate top line of $ 94.54 million, while looking forward to loss of $ 0.04 per share bottom line.
Previous Quarter Performance
FlexShopper, Inc. communicated loss for the second quarter of $ 0.04 per share, from the revenue of $ 24.53 million. The quarterly revenues swell 18.73 percent compared with the same quarter last year. According to street consensus, FPAY was expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 21.34 million. The bottom line results missed street analysts by $ 0.03 or 300 percent, at the same time, top line results outshined analysts by $ 3.19 million or 14.95 percent.
Stock Performance
On Friday, shares of FlexShopper, Inc. has traded high as $ 1.73 and has cracked $ 1.67 on the downward trend, reaching $ 1.71 with volume of 27.60 thousand shares.
According to the previous trading day, closing price of $ 1.71, representing a 76.84 % increase from the 52 week low of $ 0.95 and a 47.83 % decrease over the 52 week high of $ 3.22.
The company has a market capital of $ 36.52 million and is part of the Financial Services sector and Credit Services industry.
FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC operates as an online lease-to-own (LTO) retailer and LTO payment solution provider. The company provides residential furniture, consumer electronics, computers, appliances, household accessories, and various other durable goods to consumers on a LTO basis to consumers of third-party retailers and e-tailers. It offers products through FlexShopper.com, an LTO e-commerce marketplace; e-commerce sites and in-store terminals by utilizing FlexShoppers patented LTO payment method; and facilitation of LTO transactions with retailers.
