Loading...
•
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...