FlexShopper, Inc.

Greetings and welcome to the Flex Shopper LLC third quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jeremy Hellman. Thank you, Jeremy. You may begin.

Thank you, operator. I would like to remind everyone that we have posted an updated investor presentation within the IR section of the company website, www.flexshopper.com, and encourage everyone to review the forward-looking statement on page two of the presentation. With that, I would like to turn the call over to Flex Shopper CEO, Rich House. Please go ahead, Rich.

Thanks, Jeremy, and welcome everyone to our earnings call. Joining me today is our CFO, Russ Heiser. And as always, Russ will be expanding on the key financial aspects for our quarterly results. And I'll cover our operational highlights. Additionally, Russ and I are both kind of recovering from COVID, so we'll try to keep the raspy voices and coughing down as much as we can. So we apologize for that ahead of time. Our third quarter was solid with top line revenue growth and a nice increase in bottom line profitability. Our year-over-year revenue was up 25%, and our EBITDA was up over 100%. Despite the headwinds of COVID in the third quarter, we also continue to make progress in expanding our retail partner ecosystem. As COVID rates continue to wane, we are optimistic those retail partners will see their operations normalize. And as that occurs, we expect to see our lease throughput increase accordingly. Throughout the pandemic, our direct-to-consumer FlexShopper.com website has proven a key asset and a driver of lease originations. As we noted last quarter, stimulus programs were dampening demand across the rent-to-own industry as subprime consumers were in a better personal liquidity position than historically has been the case. That dynamic continued through the third quarter but has begun to diminish moving into the fourth quarter. Our recent early payoff activity has begun to revert to historical patterns, and this should be favorable for earnings moving forward. This is particularly positive behavioral change heading into the holiday shopping season, which is traditionally our business core originations. Turning back to our retailer relationships, we recently signed two additional partners who we began to roll out this month, and we're excited to see how those relationships will drive growth for the fourth quarter and into 2022. Now I'm going to turn it over to call to Russ and let him discover or discuss specific items regarding our financial performance.