FlexShopper Reports 2017 Third Quarter Financial Overall performance Highlighted from the 34% Escalation in Money
BOCA RATON, Fla., (Globe NEWSWIRE) -- FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper” and/or “Company”), a respected federal online lease-to-very own (“LTO”) store and you can LTO commission solution provider, today revealed its economic outcomes for the brand new one-fourth finished , highlighted by the listing third quarter money.
The organization spends Modified Gross Money to check the several months-over-period functioning show
Administration CommentaryBrad Bernstein, President, stated, “We're attempting to optimize the advantages of FlexShopper's unique standing as just on line “absolute enjoy” lease-to-individual organization in advance of the best seasonal Brezilya karД±sД± several months in regards to our B2C providers phase. We had been happy to report one fourth out-of both high cash gains and you may narrowing losings compared to the same months of past 12 months. We were hands-on in maintaining a smooth sales attention and have now began capitalizing on last one-fourth demand which have a faster e-commerce webpages and you can enhanced user experience, already creating one-fourth over quarter develops in the lease originations. On top of that, the underwriting attempts try paying which have an advanced and you can checked model bringing 21% highest on the internet approval costs.