LMFA - LM Funding America GAAP EPS of -$0.35 misses by $0.04 revenue of $3.2M beats by $0.3M
2023-08-14 08:36:32 ET
- LM Funding America press release ( NASDAQ: LMFA ): Q2 GAAP EPS of -$0.35 misses by $0.04 .
- Revenue of $3.2M (+1291.3% Y/Y) beats by $0.3M .
- Mined 106.6 Bitcoins in the Second Quarter of 2023 at an Average Market Revenue Value of Approximately $27,900 per Bitcoin.
- Reports Working Capital of Approximately $5.5 Million and LM Funding Stockholders’ Equity of $39.9 Million ($2.72 per share) as of June 30, 2023 .
- Core EBITDA for the quarter ended June 30, 2023, improved to approximately $1.0 million, compared to Core EBITDA loss of $2.0 million in the 2022 comparable quarter, primarily due to our Bitcoin mining operations.
- Cash of approximately $1.8 million, digital assets of $2.0 million, and working capital of $5.5 million as of June 30, 2023.
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LM Funding America GAAP EPS of -$0.35 misses by $0.04, revenue of $3.2M beats by $0.3M