LM Funding America reports 648% revenue growth to $13.0M; mined 423.4 Bitcoin in 2023

LM FUNDING AMERICA, INC.

2024-Q1 EPS reported $0.61 revenue$4,747,604

Full-year 2023 revenue $13.0M vs $1.7M in 2022, driven by $12.3M digital mining revenue.
Mined 423.4 Bitcoin in 2023; held 153.6 BTC on Feb 29, 2024 valued at ~$10.8M at $70,000/BTC.
Q4 2023 net loss $1.6M (improved from $19.7M loss in Q4 2022); positive Core EBITDA $0.3M.
Working capital $7.4M; stockholders' equity $36.2M or $14.52 per share as of Dec 31, 2023.
Company adopted 'Infrastructure Light' strategy; optimistic about Bitcoin halving expected Apr/May 2024.

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 fourth quarter ended December 31, 2023 results: revenue approximately $4.1 million, net income approximately $1.6 million.

Period: the fourth quarter ended December 31, 2023
Revenue: approximately $4.1 million
Net income: approximately $1.6 million
Result: reported results

Exact text from the filing

Total revenue for the fourth quarter ended December 31, 2023, was approximately $4.1 million, an increase of $2.9 million, or approximately 262%, compared to $1.1 million for the fourth quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LM FUNDING AMERICA, INC. reported the year ended December 31, 2023 results: revenue approximately $13.0 million, net income approximately $15.9 million.

Period: the year ended December 31, 2023
Revenue: approximately $13.0 million
Net income: approximately $15.9 million
Result: reported results

Exact text from the filing

Total revenue for the year ended December 31, 2023, was approximately $13.0 million, an increase of $11.3 million, or more than 648%, from $1.7 million in 2022.

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

LM FUNDING AMERICA, INC. filing history →

Source: SEC EDGAR

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