secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0000950170-23-064015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023064015/0000950170-23-064015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017023064015/lmfa-20231115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-064015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer