NASDAQ$LMFA

LM Funding America Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the three months ended March 31, 2022.

LM Funding America, Inc. reported revenues of $191,000 and a net loss of $5.7 million for the quarter ended March 31, 2022. The company's cash position was $24.5 million as of March 31, 2022, and it had $23.9 million in deposits on mining machines.

  • Revenues increased to $191,000 for the quarter ended March 31, 2022, compared to $177,000 for the comparable quarter in 2021.
  • Net loss attributable to LM Funding for the first quarter of 2022 was $5.7 million, including $3.6 million of stock option/compensation expense and a realized loss on securities of $0.4 million.
  • Cash position of $24.5 million as of March 31, 2022.
  • Net equity per share on March 31, 2022 was $4.48.

Headline financials

Total Revenue

$191K

Previous: $177K+8.2%
EPS (adj)

-$2.64

Previous: $4.80-155.0%
Free Cash Flow

-$5.73M

Previous: $4.55M-225.9%
Net Income

-$5.73M

Previous: $4.55M-225.9%
Operating Income

-$5.03M

Previous: -$1.73M-191.2%
Gross Profit

$191K

Previous: $177K+8.2%
Cash & Equivalents

$24.5M

Previous: $17.8M+37.8%
Total Assets

$59.7M

Previous: $26.4M+125.9%
Stock-Based Comp

$330K

No prior period

Revenue & EPS history

LMFA · Revenue · Quarterly

$191K

Q1 2022+8.2%vs Q1 2021
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

LMFA · $2.11M total across 3 segments · Q1 2026

  • Digital mining
    $1.98M
  • Specialty finance
    $108K
  • Rental revenue
    $23.1K

Forward guidance

The company anticipates generating its first Bitcoin in the third quarter of 2022 and expects the recent downturn in Bitcoin pricing may provide pricing discounts on machines under contract and opportunities to purchase additional machines at lower prices.

Tailwinds

  • First shipments of mining machines received from Bitmain.
  • Anticipate generating first Bitcoin in Q3 2022.
  • Potential pricing discounts on machines under contract due to Bitcoin downturn.
  • Opportunities to purchase additional machines at lower prices due to Bitcoin downturn.
  • Looking forward to generating first Bitcoin anticipated in the third quarter of 2022

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+10.7%

Avg return

Earnings day

-2.6%

Avg return

5 days after

-5.1%

Avg return

30 days after

45%

19 / 42 earnings

Positive

+506.6%

Q2 2017

Best reaction

-100.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.8%
Q3 2025-13.0%-24.9%-28.3%
Q2 2025+1.3%-40.8%-46.6%
Q1 2025-4.2%+4.8%-0.6%
Q4 2024-6.8%-10.5%+12.0%
Q3 2024-22.1%-20.6%-20.3%
Q2 2024-4.2%-3.6%-13.4%
Q1 2024+26.7%+38.6%+130.1%
Q4 2023-12.0%-11.2%-34.8%
Q4 2025-4.0%-6.4%-11.4%
Q3 2023-17.5%-22.3%-20.5%
Q2 2023-10.2%-17.0%-20.9%
Q1 2023+7.6%+0.9%-7.1%
Q4 2022+7.2%+5.6%+4.8%
Q3 2022-4.3%-2.9%-10.4%
Q2 2022+23.1%+5.6%+9.3%
Q1 2022+4.1%+1.7%-27.0%
Q4 2021-0.3%-3.3%-22.6%
Q3 2021-6.3%-6.5%-12.1%
Q2 2021+7.6%+4.0%-0.6%
Q1 2021+10.2%+9.4%-75.4%
Q4 2020+3.9%+2.4%-13.4%
Q3 2020+3.8%+9.6%+10.6%
Q2 2020-19.6%-52.4%-63.4%
Q1 2020+7.0%+28.2%+77.6%
Q4 2019+29.9%+24.8%+56.4%
Q3 2019-0.1%-4.9%-1.2%
Q2 2019-9.0%-9.0%-9.7%
Q1 2019-3.7%-3.0%-7.5%
Q4 2018-0.7%+1.5%-10.7%
Q3 2018-12.7%-19.5%-29.5%
Q2 2018+19.7%+3.8%+34.6%
Q1 2018-0.8%+0.3%-9.0%
Q4 2017+5.8%-1.3%-4.2%
Q3 2017+35.5%+15.7%+24.5%
Q2 2017+506.6%+5.3%-26.6%
Q1 2017+0.3%+6.6%-2.4%
Q4 2016-0.3%+2.3%+2.6%
Q3 2016-100.0%-17.8%-39.1%
Q2 2016+4.4%+4.1%+5.4%
Q1 2016+7.7%
Q4 2015-0.5%
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro