Brief: Flexshopper Says Q2 Loss Per Share of $0.05

FlexShopper

12/08/2019 21:21

Aug 12 (Reuters) - FlexShopper Inc  FPAY.O :
    * FLEXSHOPPER REPORTS 2019 SECOND QUARTER FINANCIAL RESULTS;
NET
LEASE REVENUES ROSE 51.9% WITH ADJUSTED EBITDA OF $1.7 MILLION
    * Q2 LOSS PER SHARE $0.05
    * QTRLY NET LEASE REVENUES AND FEES INCREASED 51.9% TO $19.9
MILLION FROM $13.1 MILLION.
    * ORIGINATED 29,252 GROSS LEASES IN Q2 2019, REPRESENTING AN
INCREASE OF 24.6% COMPARED WITH PRIOR YEAR PERIOD
    * SEES 2019 GROSS LEASE ORIGINATIONS OF MORE THAN $72
MILLION
    * SEES 2019 GROSS REVENUE OF MORE THAN $112 MILLION
    * SEES 2019 GROSS PROFIT OF MORE THAN $26.5 MILLION

Source text for Eikon:  ID:nGNX8bG5CJ 
Further company coverage:  FPAY.O 

 ((Reuters.Briefs@thomsonreuters.com;))