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Dec 31, 2023
LMFA Q4 2023 Earnings Report
LMFA's Q4 2023 financial results were reported, featuring a substantial revenue increase and positive Core EBITDA.
Key Takeaways
LM Funding America reported a significant increase in revenue for both the fourth quarter and the full year 2023, driven by its Bitcoin mining operations. The company achieved positive Core EBITDA for the quarter, a notable improvement compared to the previous year. They mined 423.4 Bitcoins in 2023. The company held 95.1 Bitcoin valued at approximately $3.4 million as of December 31, 2023.
Revenue for Q4 2023 increased by approximately 262% compared to Q4 2022, reaching $4.1 million.
Net loss for Q4 2023 was $1.6 million, a significant reduction from the $19.7 million loss in Q4 2022.
Positive Core EBITDA of $345 thousand was achieved in Q4 2023, compared to a Core EBITDA loss of $1.7 million in the same period last year.
Full year revenue increased by approximately 648% to $13.0 million, driven by digital mining revenue.
LMFA
LMFA
LMFA Revenue by Segment
Revenue by Segment
Digital Mining Revenues Revenue
CapyFin.comSpecialty Finance Revenue
CapyFin.com Forward Guidance
Company remains extremely optimistic about the future, as halving events have historically preceded new all-time high Bitcoin prices in the six months post-halving.
Positive Outlook
- Bitcoin's value is expected to increase due to the upcoming halving event.
- The company's 'Infrastructure Light' strategy is expected to reduce market risks.
- The company has been purchasing state-of-the-art mining equipment.
- The company's revenue for the year increased by approximately 648% as compared to 2022.
- Company remains highly encouraged and optimistic regarding the financial outlook for both Bitcoin and the business
Revenue & Expenses
Visualization of income flow from segment revenue to net income