LM Funding Q2 2023 revenue $3.2M (+1260% YoY); core EBITDA $1.0M; mined 106.6 Bitcoin

LM FUNDING AMERICA, INC.

2023-Q2 EPS reported -$0.76 revenue$5,509,168

Revenue $3.2M vs $0.2M YoY; net loss $4.5M includes $3.7M non-cash loss on investments.
Core EBITDA (non-GAAP) $1.0M vs loss of $2.0M in Q2 2022.
Mined 106.6 Bitcoin in Q2; ~5,950 miners operating as of Aug 14 providing 615 PH/s.
Completed $2.6M stalking-horse acquisition of Symbiont.io assets, including Assembly blockchain platform.
Working capital $5.5M; stockholders' equity $39.9M ($2.72/share); cash $1.8M + 79 Bitcoin valued at $2.0M.

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 and Six Months ended June 30, 2023 results: revenue approximately $3.2 million, net income approximately $4.5 million.

Period: the Three and Six Months ended June 30, 2023
Revenue: approximately $3.2 million
Net income: approximately $4.5 million
Result: reported results

Exact text from the filing

Total revenue for the quarter ended June 30, 2023, was approximately $3.2 million, an increase of $3.0 million, or more than 1,260%, from $0.2 million for the 2022 second quarter.

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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 0000950170-23-042087

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