NASDAQ$LMFA
LM Funding America Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
LMFA achieved over 105% year-over-year revenue growth and generated net income for the first quarter of 2024.
LM Funding America, Inc. reported strong financial results for Q1 2024, with a 105% increase in revenue to $4.7 million and a net income of $1.9 million, driven by successful Bitcoin mining operations.
- Revenue increased by approximately 105% year-over-year to $4.7 million.
- Net income reached $1.9 million, a significant improvement from the net loss in the 2023 comparable quarter.
- Positive Core EBITDA of $4.4 million was achieved.
- The company held 163.4 Bitcoin valued at approximately $11.7 million as of March 31, 2024.
Headline financials
Revenue & EPS history
LMFA · Revenue · Quarterly
$4.75M
Revenue by segment
LMFA · $2.11M total across 3 segments · Q1 2026
- Digital mining$1.98M—93.8%
- Specialty finance$108K—5.1%
- Rental revenue$23.1K—1.1%
Forward guidance
The Company anticipates entering into new hosting agreements that reflect the economic conditions post-2024 halving and will continue to assess further investments in Antminer equipment to fuel our growth. Considering current market conditions and the future outlook for Bitcoin, the company remains very optimistic about the future.
Tailwinds
- New hosting agreements reflecting the 2024 post-halving economic realities.
- Purchase of 300 Bitmain S21 Antminer high efficiency machines, increasing mining capacity.
- Anticipated boost in long-term revenue due to S21 Antminers.
- Potential for new all-time high Bitcoin prices in the six months post-halving.
- Continued assessment of further investments in Antminer equipment to fuel growth.
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 2024
+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
| Quarter | Report date | Reaction (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 | — | — | — |
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