FlexShopper Reports Preliminary Unaudited 2016 Revenues And Lease Originations
- Total revenues increased from
$20.7 million in 2015 to approximately$48.0 million in 2016, a 130% increase. - Lease originations increased from 39,565 in 2015 to approximately 75,000 in 2016, a 90% increase.
"We are very pleased with these results, as they signify our continued accelerated pace of growth, both in lease originations and our ecommerce business," said
Bernstein added, "We are very excited about 2017 for growth in all of our sales channels, including our lease-to-own (LTO) payment method technology for other e-retailers. In connection with increasing e-retailers' adoption of our LTO payment method, we are pleased to announce that
About
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results and anticipated results of our sales and marketing efforts. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
IR Contacts:
Investor Relations
ir@flexshopper.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/flexshopper-reports-preliminary-unaudited-2016-revenues-and-lease-originations-300400904.html
SOURCE