FlexShopper reports Q2 EPS (5c), two estimates (10c)
Reports Q2 revenue $20.66M, two estimates $19.83M. Brad Bernstein, CEO, said, "Following strong first quarter results, we are very pleased to record another quarter of solidly-positive Adjusted EBITDA. All of our channels are contributing to our lease origination growth and we are particularly excited about our recent accelerated growth in our B2B in-store channel. Omnichannel growth, combined with our strong repeat business, continues to translate into increases in Gross Profit, which is growing at a faster rate than our expenses; this has led to our improved bottom line performance and illustrates the operating leverage of our model. We are very focused on efficiently increasing lease originations across all of our channels which ultimately enhances the leverage in our business."