Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 39M | 21.6% |
| Gross Profit | 38M | 54.5% |
| Cost of Revenue | 920,000 | 87.5% |
| Operating expense | 18M | 1% |
| Net Income | 2.4M | 247.6% |
| EBITDA | -5.4M | 291.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 187M | 8.7% |
| Total Liabilities | 157M | 8.8% |
| Total Equity | 30M | 8.5% |
| Shares Outstanding | 22M | 0.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -7.9M | 23% |
| Cash from investing | -2.1M | 10.8% |
| Cash from financing | 12M | 8.6% |
EPS
Financial Highlights for FlexShopper in Q3 '24
FlexShopper reported a revenue of 39M, which is a 21.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 38M, marking a 54.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 920,000, a -87.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 18M, showing a -1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.4M, showing a 247.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -5.4M, showing a -291.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for FlexShopper with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
