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FPAY News
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FlexShopper Notified by Nasdaq of Noncompliance Issues
FlexShopper announced that it received a deficiency notification letter from Nasdaq on August 21. The notice indicated that FlexShopper does not comply with Nasdaq Listing Rule 5250 for continued listing of its common stock as a result of its failure to timely file its quarterly report on Form 10-Q for the quarter ended June 30.
FlexShopper receives extension to regain compliance with Nasdaq
FlexShopper announced that it received notification from Nasdaq that Nasdaq approved the company's request for a 180-calendar day extension to regain compliance with Listing Rule 5250(c)(1). The rule requires timely filing of all required periodic financial reports with the U.S. Securities and Exchange Commission.
FlexShopper gets Nasdaq notice on late Form 10-Q filing
FlexShopper announced it received a notice from Nasdaq dated May 22, indicating non-compliance with Listing Rule 5250(c)(1) due to not having timely filed its Form 10-Q for Q1 and remaining delinquent on its Form 10-K for year ended December 31, 2024. The company has until June 16 to submit a plan to regain compliance.
FlexShopper partners with ICON Vehicle Dynamics
FlexShopper announced a strategic partnership with ICON Vehicle Dynamics to expand lease-to-own financing options for premium off-road vehicle upgrades. This collaboration brings FlexShopper's LTO financing directly to ICON's customers, allowing them to obtain performance parts and accessories with flexible weekly payments and no credit needed. The LTO option is now available on ICON's website and at participating retail partners.
FlexShopper sees FY25 gross profit $90M-$100M
FlexShopper anticipates continued progress in 2025, with the following performance expectations: 2025 full year gross profit between $90M and $100M which is a 17% to 30% increase from 2024; 2025 full year adjusted EBITDA of $40M to $45M which is a 20% to 35% increase from 2024.
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