LM Funding Q3 2022: Revenue dips to $188K, miner count up to 1,200, expects 2,700 by year-end

LM FUNDING AMERICA, INC.

2022-Q3 EPS reported -$0.73 revenue$613,317

Revenue $188K vs $224K YoY; shift to Bitcoin mining and timing of payoffs.
Cash $10.2M, working capital $15.5M, equity $62.2M ($4.75/share) as of Sep 30.
1,200 miners active as of Nov 15; capacity ~120 petahash; target 2,700 miners and 270 PH by year-end.
Bought 400 S19J Pro and 200 S19XP miners; deployment expected by March 2023.
SPAC LMAO merger with SeaStar Medical closed Oct 28, 2022 (post-period event).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LM FUNDING AMERICA, INC. reported the three months ended September 30, 2022 results: revenue approximately $188,000.

Period: the three months ended September 30, 2022
Revenue: approximately $188,000
Result: reported results

Exact text from the filing

Revenues for the quarter ended September 30, 2022, were approximately $188,000 as compared to $224,000 for the comparable quarter in 2021

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

LM FUNDING AMERICA, INC. filing history →

Source: SEC EDGAR

accession 0000950170-22-025412

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