secwatch.observer — SEC 8-K summary
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Issuer:     LM FUNDING AMERICA, INC. (LMFA)
CIK:        0001640384
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0000950170-24-060813
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024060813/0000950170-24-060813-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640384/000095017024060813/lmfa-20240516.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-060813

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