Announcement • Apr 22
First Motion for Exclusivity Period Extension Approved For FlexShopper, Inc. The US Bankruptcy Court granted an order for the extension of the exclusivity periods for FlexShopper, Inc. on April 21, 2026. As per the order, the debtor’s exclusivity period to file its plan and to solicit votes on its plan, have been extended by 90 days i.e. up to July 20, 2026, and September 21, 2026, respectively. Announcement • Dec 25
Motion for Joint Administration Approved for FlexShopper, Inc. The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of FlexShopper, Inc. and its affiliates on December 23, 2025. The affiliates include FlexShopper, LLC; FlexLending, LLC; Flex Revolution, LLC; FlexRetail, LLC; Flex TX, LLC; Flex TX Funding, LLC; and Flex TX CAB, LLC. The cases would be jointly administered for administrative and procedural purposes. FlexShopper, Inc. has been designated as the lead debtor. Announcement • Dec 23
FlexShopper, Inc. Filed for Bankruptcy FlexShopper, Inc. along with its seven affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on December 22, 2025. The debtor listed both its assets and liabilities of less than $0.05 million. The debtor is represented by Robert J. Dehney of Morris, Nichols, Arsht & Tunnell as its legal counsel. The debtor also hired GlassRatner Advisory & Capital Group, LLC as financial advisory, Two Roads Advisors LLC as investment banking, and Epiq Corporate Restructuring, LLC as claims agent, administrative agent, and solicitation services. Announcement • Oct 24
FlexShopper, Inc.(OTCPK:FPAY) dropped from NASDAQ Composite Index Flexshopper, Inc. has been dropped from the NASDAQ Composite Index. Announcement • Oct 02
FlexShopper, Inc. Announces Executive and Board Resignations On September 29, 2025, Steven G. Varner delivered a letter to the Chairman of the Board of FlexShopper, Inc., the Company and counsels to the Company and its Board’s Strategic Alternatives Committee in which he resigned from his position as a director on the Board of Directors of the Company and a member of the Strategic Alternatives Committee of the Board, effective immediately, given ongoing matters relating to the Company’s financials and borrowing from lenders. On September 25, 2025, John Davis delivered a letter to the Chairman of the Board of the Company in which he provided notice of his resignation as President and Chief Operating Officer of the Company, with his last day of service on September 26, 2025. Mr. Davis’ resignation was not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On September 26, 2025, Thomas O. Katz delivered a letter to the Chairman of the Company in which he resigned as a director of the Company. On September 29, 2025, Patrick L. McCrory delivered an email in which he submitted his resignation from the Board of the Company, effective immediately. Announcement • Sep 25
FlexShopper, Inc. Faces Nasdaq Compliance Challenge Amid Stock Price Deficiency On September 18, 2025, FlexShopper, Inc. received a deficiency letter from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market LLC notifying the Company that, for a period of 30 consecutive business days, the bid price for the Company’s common stock, $0.0001 par value per share (the “Common Stock”) had closed below the $1.00 per share minimum required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1). The letter has no immediate effect on the listing of the Common Stock, which continues to trade on The Nasdaq Global Market under the symbol “FPAY” at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has until March 17, 2026 to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price for the Common Stock must be at least $1.00 per share for a minimum of ten consecutive business days during the Initial Compliance Period, unless the Staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company does not regain compliance with the Minimum Bid Price Requirement by March 17, 2026, the Company may be eligible for an additional 180 calendar day period to regain compliance (the “Second Compliance Period”). To qualify for the Second Compliance Period, the Company would be required to transfer to The Nasdaq Capital Market (the “Capital Market”) and meet the continued listing requirement for market value of publicly held shares on the Capital Market and all other applicable requirements for initial listing on the Capital Market, except for the Capital Market’s bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the Second Compliance Period. As part of its review process to determine whether the Second Compliance Period would be granted to the Company, the Staff would make a determination about whether it believes the Company will be able to cure the deficiency. If the Staff concludes that the Company will not be able to cure the deficiency, or if the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by the Staff, the Staff will provide written notice to the Company that the Common Stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Nasdaq Hearings Panel. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement. As previously disclosed, on April 17, 2025 the Company received a notice from the Staff of Nasdaq indicating that, as a result of not having timely filed its Annual Report on Form 10-K for the period ended December 31, 2024 (the “Form 10-K”), the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Company is required to file its Form 10-K. along with its Forms 10-Q for the quarters ended March 31, 2025 and June 30, 2025, by October 13, 2025 to regain compliance with the listing rule. There can be no assurance that the Company will be able to make those SEC filings by such date. Announcement • Aug 16
FlexShopper, Inc. announced delayed 10-Q filing On 08/15/2025, FlexShopper, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 17
FlexShopper, Inc. announced delayed 10-Q filing On 05/16/2025, FlexShopper, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 02
FlexShopper, Inc. announced delayed annual 10-K filing On 04/01/2025, FlexShopper, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 22
FlexShopper, Inc. Announces Board Changes FlexShopper Inc. announced that it has appointed Patrick McCrory as an independent board member. In addition, FlexShopper announced the retirement of T. Scott King from the Company’s Board of Directors effective January 20, 2025. McCrory has over four decades of leadership, public policy, and business experience. From 2013 to 2017, he served as the 74th governor of North Carolina. As the mayor of Charlotte from 1995 to 2009, McCrory was the youngest and longest-serving mayor. During his mayoral term, McCrory also served on the U.S. Homeland Security Advisory Council during the George W. Bush Administration from 2002 to 2006. He was formerly the Chair of the U.S. Conference of Mayors (the “USCM”) Community Development and Housing Committee and the Chair of the USCM Energy and Environmental Committee. From 2009 to 2012, McCrory was the Senior Director of Strategic Initiatives for the Charlotte-based law firm Moore & Van Allen PLLC. McCrory had an extensive career with Duke Energy Corporation, an electric power and natural gas holding company, where he served in various senior executive officer positions from 1978 to 2008. McCrory previously served on the Board of Directors of Kewaunee Scientific Corporation, and LendingTree, Inc. (formerly Tree.com, Inc.), and was a member of the Board of Trustees of Catawba College. McCrory is a graduate of Catawba College in Salisbury, North Carolina. Announcement • Nov 17
FlexShopper, Inc. announced delayed 10-Q filing On 11/15/2024, FlexShopper, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 35% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$36m free cash flow). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$13m net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€29.7m market cap, or US$31.3m). Announcement • Nov 12
FlexShopper, Inc. to Report Q3, 2024 Results on Nov 13, 2024 FlexShopper, Inc. announced that they will report Q3, 2024 results After-Market on Nov 13, 2024 Announcement • Aug 30
FlexShopper, Inc., Annual General Meeting, Oct 07, 2024 FlexShopper, Inc., Annual General Meeting, Oct 07, 2024. Location: 901 yamato road, florida 33431., boca raton, United States New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$36m free cash flow). Earnings are forecast to decline by an average of 9.3% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.3m net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€20.6m market cap, or US$22.6m). Reported Earnings • Aug 07
Second quarter 2024 earnings released: US$0.075 loss per share (vs US$0.22 loss in 2Q 2023) Second quarter 2024 results: US$0.075 loss per share (improved from US$0.22 loss in 2Q 2023). Revenue: US$31.8m (up 30% from 2Q 2023). Net loss: US$1.60m (loss narrowed 75% from 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Aug 06
FlexShopper, Inc. to Report Q2, 2024 Results on Aug 06, 2024 FlexShopper, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Recent Insider Transactions • Jun 10
Chairman of the Board recently bought €76k worth of stock On the 5th of June, Howard Dvorkin bought around 75k shares on-market at roughly €1.02 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €98k. Howard has been a buyer over the last 12 months, purchasing a net total of €397k worth in shares. Recent Insider Transactions • May 21
Chairman of the Board recently bought €98k worth of stock On the 17th of May, Howard Dvorkin bought around 95k shares on-market at roughly €1.03 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Howard has been a buyer over the last 12 months, purchasing a net total of €228k worth in shares. Reported Earnings • May 14
First quarter 2024 earnings released: US$0.059 loss per share (vs US$0.055 loss in 1Q 2023) First quarter 2024 results: US$0.059 loss per share (further deteriorated from US$0.055 loss in 1Q 2023). Revenue: US$33.9m (up 10% from 1Q 2023). Net loss: US$1.28m (loss widened 6.8% from 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. New Risk • May 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$8.3m Forecast net loss in 2 years: US$345k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$345k net loss in 2 years). Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (€20.9m market cap, or US$22.5m). Reported Earnings • Apr 03
Full year 2023 earnings released: US$0.51 loss per share (vs US$0.45 profit in FY 2022) Full year 2023 results: US$0.51 loss per share (down from US$0.45 profit in FY 2022). Revenue: US$117.0m (up 3.5% from FY 2022). Net loss: US$8.34m (down 185% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Mar 28
FlexShopper, Inc. to Report Q4, 2023 Results on Apr 01, 2024 FlexShopper, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 01, 2024 New Risk • Nov 19
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$1.7m Forecast net loss in 1 year: US$9.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 44% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$9.0m net loss next year). Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (€21.6m market cap, or US$23.6m). New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 61% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings are forecast to decline by an average of 61% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€21.9m market cap, or US$23.7m). Announcement • Nov 11
FlexShopper, Inc. to Report Q3, 2023 Results on Nov 14, 2023 FlexShopper, Inc. announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 Announcement • Sep 23
FlexShopper, Inc., Annual General Meeting, Nov 01, 2023 FlexShopper, Inc., Annual General Meeting, Nov 01, 2023, at 10:00 US Eastern Standard Time. Location: 901 Yamato Road, Boca Raton Florida Florida United States Agenda: To consider and elect the five nominees to the Board of Directors to serve for one year; to consider and approve, on a non-binding advisory basis, the compensation paid to named executive officers; to consider and approve, on a non-binding advisory basis, the frequency of future advisory votes on the compensation paid to named executive officers; to consider and approve an amendment to 2018 Omnibus Equity Compensation Plan increasing the total number of shares reserved for issuance thereunder and the number of shares available for issuance as incentive stock options. New Risk • Aug 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$8.3m Forecast net loss in 1 year: US$2.3m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$2.3m net loss next year). Market cap is less than US$100m (€20.9m market cap, or US$22.8m). Reported Earnings • Aug 15
Second quarter 2023 earnings released: US$0.22 loss per share (vs US$0.63 profit in 2Q 2022) Second quarter 2023 results: US$0.22 loss per share (down from US$0.63 profit in 2Q 2022). Revenue: US$24.5m (down 33% from 2Q 2022). Net loss: US$6.29m (down 146% from profit in 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Diversified Financial industry in Germany. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €1.95, the stock trades at a trailing P/E ratio of 3.9x. Average forward P/E is 11x in the Diversified Financial industry in Germany. Total returns to shareholders of 127% over the past year. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Thomas Katz was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.26, the stock trades at a trailing P/E ratio of 2.7x. Average forward P/E is 11x in the Diversified Financial industry in Germany. Total returns to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.18, the stock trades at a trailing P/E ratio of 2.4x. Average forward P/E is 11x in the Diversified Financial industry in Germany. Total returns to shareholders of 39% over the past year. Announcement • Jun 02
FlexShopper Regains Compliance with Nasdaq’s Minimum Bid Price Requirement FlexShopper, Inc. announced that the Company has regained compliance with the Nasdaq’s Minimum Bid Price Requirement. As previously disclosed, on April 21, 2023, the Company received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price of the Company’s common stock had been below $1.00 per share for 30 consecutive business days, it no longer complied with the $1.00 per share minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing on The Nasdaq Capital Market. On May 31, 2023, the Company received a letter (the “Compliance Notice”) from Nasdaq notifying the Company that the Listing Qualifications Department (the “Staff”) of Nasdaq has determined that for the last 11 consecutive business days, from May 16, 2023 through May 31, 2023, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement, and the Staff has determined that this matter is now closed. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €1.20, the stock trades at a trailing P/E ratio of 2.3x. Average forward P/E is 13x in the Diversified Financial industry in Germany. Total returns to shareholders of 6.2% over the past year. Announcement • May 23
FlexShopper, Inc. (NasdaqCM:FPAY) announces an Equity Buyback for $2 million worth of its shares. FlexShopper, Inc. (NasdaqCM:FPAY) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of the company’s common stock. The share program will have a term of 18 months. As of April 24, 2023, the company had approximately 21,800,000 shares of common stock outstanding. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: US$0.45 (vs US$0.039 in FY 2021) Full year 2022 results: EPS: US$0.45 (up from US$0.039 in FY 2021). Revenue: US$113.1m (down 9.9% from FY 2021). Net income: US$9.80m (up US$8.97m from FY 2021). Profit margin: 8.7% (up from 0.7% in FY 2021). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 31% share price gain to €1.12, the stock trades at a forward P/E ratio of 105x. Average forward P/E is 10x in the Diversified Financial industry in Europe. Total loss to shareholders of 36% over the past year. Announcement • Dec 10
FlexShopper, Inc. (NasdaqCM:FPAY) acquired Consumer loan portfolio and associated assets of Revolution Financial, Inc. FlexShopper, Inc. (NasdaqCM:FPAY) acquired Consumer loan portfolio and associated assets of Revolution Financial, Inc. on December 3, 2022.
FlexShopper, Inc. (NasdaqCM:FPAY) completed the acquisition of Consumer loan portfolio and associated assets of Revolution Financial, Inc. on December 3, 2022. Announcement • Nov 30
FlexShopper, Inc., Annual General Meeting, Dec 30, 2022 FlexShopper, Inc., Annual General Meeting, Dec 30, 2022, at 10:00 US Eastern Standard Time. Location: 901 Yamato Road, Boca Raton, Florida United States Agenda: To consider and elect the five nominees to the Board of Directors to serve for one year; to consider and approve, on a non-binding advisory basis, the compensation paid to executive officers; to consider and ratify the appointment of Grant Thornton, LLP as independent registered public accounting firm for 2022; and to consider and transact such other business as may properly come before the annual meeting. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €1.15, the stock trades at a forward P/E ratio of 103x. Average forward P/E is 10x in the Diversified Financial industry in Europe. Total loss to shareholders of 45% over the past year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.32 loss per share (vs US$0.05 profit in 3Q 2021) Third quarter 2022 results: US$0.32 loss per share (down from US$0.05 profit in 3Q 2021). Revenue: US$26.1m (down 15% from 3Q 2021). Net loss: US$6.89m (down US$7.97m from profit in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Diversified Financial industry in Germany. Announcement • Nov 10
FlexShopper, Inc. to Report Q3, 2022 Results on Nov 10, 2022 FlexShopper, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 10, 2022 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €1.52, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 9x in the Diversified Financial industry in Europe. Total loss to shareholders of 37% over the past year. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €1.87, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Diversified Financial industry in Europe. Total loss to shareholders of 27% over the past year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 108% share price gain to €2.22, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Diversified Financial industry in Europe. Total returns to shareholders of 13% over the past year. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: US$0.64 (vs US$0.015 in 2Q 2021) Second quarter 2022 results: EPS: US$0.64 (up from US$0.015 in 2Q 2021). Revenue: US$36.5m (up 19% from 2Q 2021). Net income: US$13.8m (up US$13.4m from 2Q 2021). Profit margin: 38% (up from 1.1% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 16%, compared to a 6.7% growth forecast for the industry in Germany. Announcement • Aug 06
FlexShopper, Inc. to Report Q2, 2022 Results on Aug 10, 2022 FlexShopper, Inc. announced that they will report Q2, 2022 results After-Market on Aug 10, 2022 Recent Insider Transactions • May 21
Chairman of the Board recently bought €292k worth of stock On the 18th of May, Howard Dvorkin bought around 272k shares on-market at roughly €1.08 per share. This was the largest purchase by an insider in the last 3 months. Howard has been a buyer over the last 12 months, purchasing a net total of €1.9m worth in shares. Reported Earnings • May 14
First quarter 2022 earnings released: US$0.14 loss per share (vs US$0.028 loss in 1Q 2021) First quarter 2022 results: US$0.14 loss per share (down from US$0.028 loss in 1Q 2021). Revenue: US$29.0m (down 12% from 1Q 2021). Net loss: US$2.99m (loss widened 392% from 1Q 2021). Over the next year, revenue is forecast to grow 40%, compared to a 8.5% growth forecast for the industry in Germany. Announcement • May 12
FlexShopper, Inc. to Report Q1, 2022 Results on May 12, 2022 FlexShopper, Inc. announced that they will report Q1, 2022 results After-Market on May 12, 2022 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.27, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Diversified Financial industry in Europe. Total loss to shareholders of 35% over the past year. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: US$0.039 (vs US$0.17 loss in FY 2020) Full year 2021 results: EPS: US$0.039 (up from US$0.17 loss in FY 2020). Revenue: US$125.4m (up 23% from FY 2020). Net income: US$833.7k (up US$4.33m from FY 2020). Profit margin: 0.7% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 35%, compared to a 12% growth forecast for the industry in Germany. Announcement • Mar 29
FlexShopper, Inc. to Report Q4, 2021 Results on Mar 30, 2022 FlexShopper, Inc. announced that they will report Q4, 2021 results After-Market on Mar 30, 2022 Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The 3 analysts covering FlexShopper previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of US$11.3m in 2022. Average annual earnings growth of 233% is required to achieve expected profit on schedule. Recent Insider Transactions • Dec 22
Chairman of the Board recently bought €73k worth of stock On the 20th of December, Howard Dvorkin bought around 35k shares on-market at roughly €2.12 per share. In the last 3 months, they made an even bigger purchase worth €221k. Howard has been a buyer over the last 12 months, purchasing a net total of €1.7m worth in shares. Recent Insider Transactions • Dec 14
Chairman of the Board recently bought €99k worth of stock On the 10th of December, Howard Dvorkin bought around 45k shares on-market at roughly €2.20 per share. In the last 3 months, they made an even bigger purchase worth €221k. Howard has been a buyer over the last 12 months, purchasing a net total of €1.6m worth in shares. Recent Insider Transactions • Dec 01
Chairman of the Board recently bought €101k worth of stock On the 26th of November, Howard Dvorkin bought around 46k shares on-market at roughly €2.21 per share. In the last 3 months, they made an even bigger purchase worth €221k. Howard has been a buyer over the last 12 months, purchasing a net total of €1.3m worth in shares. Recent Insider Transactions • Nov 24
Chairman of the Board recently bought €221k worth of stock On the 19th of November, Howard Dvorkin bought around 104k shares on-market at roughly €2.13 per share. This was the largest purchase by an insider in the last 3 months. Howard has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS US$0.05 (vs US$0.015 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$30.9m (up 26% from 3Q 2020). Net income: US$1.09m (up US$1.41m from 3Q 2020). Profit margin: 3.5% (up from net loss in 3Q 2020). Breakeven Date Change • Sep 23
Forecast to breakeven in 2021 The 3 analysts covering FlexShopper expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$1.33m in 2021. Earnings growth of 192% is required to achieve expected profit on schedule. Recent Insider Transactions • Aug 20
Chairman of the Board recently bought €75k worth of stock On the 17th of August, Howard Dvorkin bought around 39k shares on-market at roughly €1.93 per share. In the last 3 months, they made an even bigger purchase worth €123k. Howard has been a buyer over the last 12 months, purchasing a net total of €940k worth in shares. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS US$0.015 (vs US$0.041 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$30.7m (up 25% from 2Q 2020). Net income: US$332.4k (up US$1.20m from 2Q 2020). Profit margin: 1.1% (up from net loss in 2Q 2020). Recent Insider Transactions • Jun 24
Chairman of the Board recently bought €123k worth of stock On the 18th of June, Howard Dvorkin bought around 53k shares on-market at roughly €2.32 per share. In the last 3 months, they made an even bigger purchase worth €301k. Howard has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Recent Insider Transactions • Jun 03
Chairman of the Board recently bought €92k worth of stock On the 28th of May, Howard Dvorkin bought around 42k shares on-market at roughly €2.19 per share. In the last 3 months, they made an even bigger purchase worth €301k. Howard has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Recent Insider Transactions • May 18
Chairman of the Board recently bought €301k worth of stock On the 14th of May, Howard Dvorkin bought around 151k shares on-market at roughly €2.00 per share. This was the largest purchase by an insider in the last 3 months. Howard has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Reported Earnings • May 12
First quarter 2021 earnings released: US$0.028 loss per share (vs US$0.064 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$32.8m (up 32% from 1Q 2020). Net loss: US$608.5k (loss narrowed 52% from 1Q 2020). 
