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Mar 31, 2022
LMFA Q1 2022 Earnings Report
Reported financial results for the three months ended March 31, 2022.
Key Takeaways
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.
LMFA
LMFA
LMFA Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.com 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.
Positive Outlook
- 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