24/7 Market News Snapshot 10 February, 2025 – FlexShopper, Inc. Common Stock (NASDAQ:FPAY)
DENVER, Colo., 10 February, 2025 (247marketnews.com) – (NASDAQ:FPAY) are discussed in this article.
FlexShopper, Inc. has demonstrated a notable resurgence in its stock performance, opening today at $1.58 and trading at $1.645, reflecting a significant increase of 15.03% from the previous day’s closing price of $1.43. This upward shift is indicative of rekindled investor interest, with current trading volume at 503.29K, suggesting strong market participation that could sustain the bullish trend. Analysts are poised to monitor critical resistance levels around $1.70 and support levels near $1.58, as the stock shows potential for further gains.
In addition to the positive market movement, FlexShopper recently reported exceptional results for January 2025, marking a significant milestone in the company’s growth trajectory. The firm experienced an impressive 130% year-over-year surge in new customer applications, leading to an overall 44% increase in total originations compared to the prior year. This strong performance is attributed to effective strategic initiatives aimed at bolstering its direct-to-consumer and business-to-business offerings.
CEO Russ Heiser remarked, “Our impressive January results underscore the ongoing transformation within FlexShopper,” highlighting the heightened demand for their payment solutions and the expansion of partnerships that have attracted a diverse customer base. Notably, the lease originations reached their highest level in four years, with marketplace originations boasting a 93% year-over-year increase. The company also reported a remarkable 105% rise in gross margin dollars alongside a 34% reduction in marketing costs per new customer, underscoring its commitment to operational efficiency and profitability.
Furthermore, the 279% increase in B2B partnership application volume reflects the company’s strategic efforts to enhance customer engagement. FlexShopper’s remarkable asset quality improvement, indicated by 13 consecutive months of growth in cumulative payment rates, reinforces the robust fundamentals driving its operations. With a dedicated focus on innovation and customer satisfaction, FlexShopper is poised for sustained growth in 2025, reinforcing its position as a vital player in the financial technology sector.