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LM Funding America Inc (LMFA)
NASDAQ:LMFA
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Earnings Data
Report Date
Mar 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$1.67Last Year’s EPS
-$0.67Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -32.06%
|Next Earnings Date:Mar 28, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights show strategic improvements and future growth potential in Bitcoin mining operations, especially with the vertical integration strategy and Bitcoin price surge. However, the call also reveals significant revenue decline and increased core EBIT loss, alongside challenges in deploying all mining capacity and uncertainties in the Condo business. These aspects balance each other out.Company Guidance
During the third-quarter earnings call for LM Funding America Inc. on November 13, 2024, the company provided several financial metrics and strategic insights. As of September 30, 2024, LMFA had 3,700 Bitcoin mining machines in operation, with an additional 2,200 awaiting redeployment, totaling 5,900 miners and approximately 639 petahash of mining capacity. The company mined 18.5 Bitcoins in Q3, generating about $1.1 million in revenue at an average Bitcoin price of $61,000. By the end of Q3, LMFA held 142.3 Bitcoins valued at approximately $12.4 million as of November 11, 2024. Total revenue for the quarter was $1.3 million, marking a decrease of $2.1 million from the same period last year, attributed to the April 2024 Bitcoin halving event and strategic repositioning. Operating expenses decreased to $5.6 million from $6.6 million year-over-year, partially due to a $2 million reduction in digital mining costs. The company reported a core EBIT loss of $1.6 million for Q3 2024, compared to $0.6 million in Q3 2023, but achieved a positive core EBITDA of $0.6 million for the first nine months of 2024. The call highlighted a strategic pivot towards vertical integration, focusing on securing low-cost sustainable power sources to enhance operational efficiency and growth.Strategic Shift and Vertical Integration
LM Funding has shifted its strategy post-Bitcoin halving to vertical integration, focusing on securing low-cost sustainable power sources and expanding mining sites for enhanced operational efficiency and growth.
Bitcoin Mining Operations
The company operates approximately 3,700 Bitcoin mining machines with an additional 2,200 awaiting redeployment, totaling 639 petahash of mining capacity. The company mined 18.5 Bitcoins in Q3 2024, generating $1.1 million.
Positive Core EBITDA
Achieved positive core EBITDA for the first 9 months of 2024 at $0.6 million due to expanded Bitcoin operations.
Potential Expansion Opportunities
Exploring expansion opportunities with potential sites offering $0.04 power and considering new miner purchases to enhance operational capacity.
Bitcoin Price Surge
Bitcoin reached an all-time high above $92,000, reinforcing the company's long-term strategy of mining and holding Bitcoin.
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LMFA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LMFA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $3.40 | $2.94 | -13.53% |
| Aug 14, 2024 | $3.06 | $2.83 | -7.52% |
| May 16, 2024 | $2.36 | $3.11 | +31.78% |
| Apr 01, 2024 | $3.66 | $3.43 | -6.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LM Funding America Inc (LMFA) report earnings?
LM Funding America Inc (LMFA) is schdueled to report earning on Mar 28, 2025, TBA Not Confirmed.
What is LM Funding America Inc (LMFA) earnings time?
LM Funding America Inc (LMFA) earnings time is at Mar 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LMFA EPS forecast?
LMFA EPS forecast for the fiscal quarter 2024 (Q4) is -$1.67.
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