NASDAQ$LMFA

LM Funding America Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported over 1,720% year-over-year revenue growth and mined 117.1 Bitcoins.

LM Funding America, Inc. reported a significant increase in revenue, primarily driven by its Bitcoin mining operations. The company mined 117.1 Bitcoins in Q3 2023, leading to a substantial year-over-year revenue growth. However, the company experienced a net loss due to unrealized losses on investments and impairment charges.

  • Total revenue increased by over 1,720% year-over-year to $3.4 million.
  • Mined 117.1 Bitcoins in Q3 2023, valued at approximately $3.3 million.
  • Net loss attributable to LM Funding shareholders was approximately $4.4 million.
  • Implemented an 'Infrastructure Light' approach to Bitcoin mining, focusing on capital investment in Bitcoin and mining machines.

Headline financials

Total Revenue

$3.42M

Previous: $188K+1721.0%
EPS (adj)

-$1.98

Previous: -$3.06+35.3%
Bitcoins mined

117.1

No prior period
Capital Expenditures

-$1.91M

Previous: -$15.4K-12340.2%
Free Cash Flow

-$6.33M

Previous: -$6.68M+5.2%
Net Income

-$4.42M

Previous: -$6.66M+33.7%
Operating Income

-$3.17M

Previous: -$5.26M+39.8%
Gross Profit

$3.42M

Previous: $188K+1721.0%
Cash & Equivalents

$469K

Previous: $10.2M-95.4%
Total Assets

$38.4M

Previous: $68M-43.4%
Stock-Based Comp

$352K

Previous: $329K+6.9%

Revenue & EPS history

LMFA · Revenue · Quarterly

$3.42M

Q3 2023+1,721%vs Q3 2022
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

LMFA · $3.39M total across 2 segments · Q3 2023

  • Digital mining
    $3.28M
  • Specialty finance
    $102K

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 Q3 2023

Historical avgQ3 2023

+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

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