LM Funding Q3 revenue surges 1,720% to $3.4M; net loss $4.4M vs $6.7M net income year ago

LM FUNDING AMERICA, INC.

2023-Q3 EPS reported -$1.08 revenue$8,928,676

Mined 117.1 Bitcoin in Q3 2023 at avg. price ~$28,000; revenue $3.3M from digital mining.
Net loss attributable to shareholders of $4.4M, including $0.8M unrealized loss on investments and $0.8M impairment.
Working capital of $4.5M and stockholders' equity of $35.9M ($2.45 per share) as of Sept. 30, 2023.
Sequential quarterly revenue up 7%; operating ~5,549 Bitcoin miners as of Sept. 30, 2023.
Core EBITDA loss improved to $0.6M from $1.5M loss in Q3 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 quarter ended September 30, 2023 results: revenue $3.4 million, net income $4.4 million.

Period: the quarter ended September 30, 2023
Revenue: $3.4 million
Net income: $4.4 million
Result: reported results

Exact text from the filing

Total revenue for the quarter ended September 30, 2023, was approximately $3.4 million

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LM FUNDING AMERICA, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-064015

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