LM Funding Q1 revenue $4.7M (+105% YoY), net income $1.9M vs loss; held 163.4 BTC

LM FUNDING AMERICA, INC.

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

Revenue $4.7M, up 105% from $2.3M in Q1 2023; digital mining revenue $4.6M from 86.4 BTC mined at avg ~$53K/BTC.
Net income $1.9M vs net loss $7.2M in prior year; Core EBITDA $4.4M vs loss $0.3M.
Held 163.4 BTC (valued ~$11.7M) at Mar 31, 2024; as of Apr 30 held 155.1 BTC (valued ~$9.7M at ~$62.5K).
Working capital $12.7M; LMFA stockholders' equity $38.5M ($15.43 per share).
Purchased 300 Bitmain S21 Antminers to increase mining capacity to 673 PH; sold only 18 BTC during quarter.

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 months ended March 31, 2024 results: revenue approximately $4.7 million, net income $1.9 million.

Period: the three months ended March 31, 2024
Revenue: approximately $4.7 million
Net income: $1.9 million
Result: reported results

Exact text from the filing

Company specifically incorporates it by reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 LM Funding America, Inc. Achieves Over 105% Year-Over-Year Revenue Growth to $4.7 Million and Generated $1.9 Million of Net Income for the First Quarter of 2024 Mined 86.4 Bitcoins in Q1 2024 Valued at Approximately $4.6 Million at an Average Market Revenue Value of

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LM FUNDING AMERICA, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-060813

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