LM Funding reports 2022 revenue up 93% to $1.7M; Bitcoin mining pivot underway

LM FUNDING AMERICA, INC.

2023-Q1 EPS reported -$0.41 revenue$2,313,518

Full-year 2022 revenue $1.7M vs $0.9M in 2021; mined 51 Bitcoins in Q4 2022.
2,800 mining machines operational at year-end with 280 PH/s; targeting 600 PH/s by June 2023.
Working capital $8.3M, stockholders' equity $49.2M ($3.76/share) as of Dec 31, 2022.
Cash $4.2M and digital assets $0.9M on balance sheet at year-end 2022.

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 year ended December 31, 2022 results: revenue $1.7 million.

Period: the year ended December 31, 2022
Revenue: $1.7 million
Result: reported results

Exact text from the filing

Total revenue for the twelve months ended December 31, 2022, was approximately $1.7 million, an increase of $0.8 million, or 93% from $0.9 million for the full-year 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 0000950170-23-011154

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