secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000950170-24-038884
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024038884/0000950170-24-038884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024038884/lmfa-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-038884

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