FlexShopper Inc. updated its outlook for full-year 2019 gross revenue, gross lease originations, gross profit and adjusted EBITDA.
The company now expects gross revenue for the full year to reach more than $112 million, compared with its prior guidance of over $110 million. Gross lease originations are anticipated to exceed $72 million, up from the previous guidance of over $70 million.
Gross profit for 2019 is projected to exceed $26.5 million, while adjusted EBITDA is anticipated to reach more than $5.0 million. FlexShopper previously anticipated 2019 gross profit of over $25.5 million and adjusted EBITDA of $4.0 million.
The company reported net loss attributable to common shareholders of $919,228, or 5 cents per share, for the three months ended June 30.