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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 34M | 12.1% |
Gross Profit | 25M | 163.7% |
Cost of Revenue | 8.6M | 58.3% |
Operating expense | 21M | 39.1% |
Net Income | -210,000 | 160.5% |
EBITDA | 7.8M | 59% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 163M | 3.9% |
Total Liabilities | 133M | 4.8% |
Total Equity | 29M | 0% |
Shares Outstanding | 22M | 0% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | -5.6M | 38.8% |
Cash from investing | -2.3M | 6% |
Cash from financing | 9.1M | 11.9% |
EPS
Financial Highlights for FlexShopper in Q1 '24
FlexShopper reported a revenue of 34M, which is a 12.1% 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 25M, marking a 163.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.6M, a -58.3% 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 21M, showing a -39.1% 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 -210,000, showing a -160.5% 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 7.8M, showing a -59% 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.
FlexShopper faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.