LMFA Q4 2022 Earnings Report
Key Takeaways
LM Funding America reported a 93% increase in full-year revenue and mined 51 Bitcoins in Q4 2022. By the end of the year, the company had approximately 2,800 mining machines fully operational, providing 280 PH/s of mining capacity. The company reported working capital of $8.3 million and stockholders’ equity of $49.2 million ($3.76 per share) as of December 31, 2022.
Total revenue for the twelve months ended December 31, 2022, was approximately $1.7 million, an increase of $0.8 million, or 93% from $0.9 million for the full-year 2021.
The increase was primarily due to an increase in Bitcoin mining revenue of $0.9 million that was predominately generated in the fourth quarter of 2022.
Cash of approximately $4.2 million and digital assets of $0.9 million as of December 31, 2022.
Total LMFA stockholders’ equity of $49.2 million and net equity per share of $3.76 as of December 31, 2022.