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Sep 30, 2023
LMFA Q3 2023 Earnings Report
Reported over 1,720% year-over-year revenue growth and mined 117.1 Bitcoins.
Key Takeaways
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.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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