FlexShopper, Inc. (NASDAQ:FPAY) Q2 2019 Earnings Conference Call - Final Transcript

Aug 13, 2019 • 10:30 am ET

Previous

FlexShopper, Inc. (NASDAQ:FPAY) Q2 2019 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Executive
Russell Heiser

million increase; adjusted EBITDA greater than $5 million or $1 million increase; and gross originations greater than $72 million or a $2 million increase from prior guidance.

Here is Brad for some final thoughts.

Executive
Brad Bernstein

Thanks, Russ. In closing, we're very pleased with our second quarter results. Halfway through the year, we have delivered adjusted EBITDA of approximately $4 million, resulting from the development of, in our view, a well-rounded business executing on multiple fronts. This includes steady lease portfolio returns, continued lease origination growth, continued repeat business and other channels kicking in such as our B2B retail channel.

Towards the end of last year, we were guiding everyone that we would get to this inflection point, and now it is here. More importantly, we believe we have only just begun penetrating the $25 billion virtual lease-to-own market opportunity.

With that, we'd be happy to take your questions.