Financial insights of FPAY

MyFinsight

For the quarter ending 2024-09-30, FPAY made $38,588,501 in revenue. $1,189,982 in net income. Net profit margin of 3.08%.

Unit: Dollar

Income Statement	2024-09-30	2024-06-30
Total revenues	38,588,501	31,758,885
Marketing	2,005,559	2,545,814
Cost of retail revenues	923,203	-
Operating expenses	6,888,348	6,807,328
Depreciation and impairment of lease merchandise	14,486,564	13,848,925
Cost of retail revenues	-	1,059,098
Salaries and benefits	4,049,422	4,224,614
Loan origination costs and fees	677,913	896,040
Total costs and expenses	29,031,009	29,381,819
Operating income	9,557,492	2,377,066
Interest expense, operating and nonoperating	-	5,226,155
Interest expense including amortization of debt issuance costs	5,672,594	-
Income (loss) before income taxes	3,884,898	-2,849,089
Income taxes (expense) benefit	1,518,514	-1,246,030
Net income (loss)	2,366,384	-1,603,059
Dividends on series 2 convertible preferred shares	1,176,402	1,091,742
Net income (loss) available to common stockholders, basic	-	-2,694,801
Net income (loss) attributable to common and series 1 convertible preferred shareholders - diluted	1,189,982	-

Basic eps	0.05	-0.13
Diluted eps	0.05	-0.13
Basic average shares	21,586,935	21,469,720
Diluted average shares	22,231,788	21,469,720