Event-Driven Stocks

FlexShopper, Inc.

FPAY

Industrials · Services-Equipment Rental & Leasing, NEC · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 4 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21FY20FY19FY18
Revenue$117.0M$113.1M$125.4M$102.1M$88.8M$61.5M
Operating income$13.7M−$6.3M$7.4M$4.6M$5.1M−$5.2M
Net income−$4.2M$13.6M$3.3M−$339,896$577,415−$9.5M
Total assets$156.5M$148.3M$84.8M$68.2M$52.2M$48.6M
Total liabilities$127.3M$117.3M$68.7M$57.1M$42.2M$40.1M
Equity$29.2M$31.0M$16.1M$11.2M$10.0M$8.5M
EPS (diluted)$-0.51$0.44$0.04$-0.17$-0.11—
Shares out.21.8M21.6M21.4M21.4M17.6M5.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2023
Operating margin
11.7%
Net margin
−3.6%
Return on equity
−14.5%
Return on assets
−2.7%
Return on capital (ROCE)
9.5%
Liabilities / assets
81.3%
Debt / equity
4.35×
Book value / share
$1.34
Revenue growth (YoY)
3.5%
Net income growth (YoY)
−131.1%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2023
Altman Z″ (distress)
4.50safe
Accruals / assets
1.6%clean
Piotroski F-Score
2/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
60
/ 100
Profitability 40Growth 50Catalyst 100Earnings quality 33Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 3 warning● 4 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Operating margin is positive
  • Revenue is growing year-over-year
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
11 acquisitions0 disposals6 open-market buy(s)net +1.9M shares · last 11
InsiderDateTypeSharesPrice
Dvorkin HowardDirectorMay 1, 2025Buy128,668$1.31
Dvorkin HowardDirectorApr 24, 2025Buy10,600$1.25
Dvorkin HowardDirectorJan 16, 2025Option exercise1.5M$1.70
Allen James DouglasDirectorJan 16, 2025Option exercise25,000$1.70
Katz Thomas O.DirectorJan 16, 2025Option exercise80,000$1.70
Heiser Harold Russell Jr.Officer — CEOJan 16, 2025Option exercise150,694$1.70
Davis JohnOfficer — COOJan 16, 2025Option exercise15,440$1.70
Heiser Harold Russell Jr.Officer — CEODec 23, 2024Buy30,000$1.45
Dvorkin HowardDirectorDec 26, 2024Buy10,000$1.54
Dvorkin HowardDirectorAug 22, 2024Buy16,200$1.17
Dvorkin HowardDirectorAug 20, 2024Buy3,381$1.16

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
Dec 15, 202517,9421.0-1.3%
Nov 28, 202518,1721.00.0%
Nov 14, 202518,1721.0-7.0%
Oct 31, 202519,5511.0-93.4%
Oct 15, 2025297,7481.0+591.6%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)