LM Funding America
LMFA

$2.52

2.44%

Market Cap: $7.07M

About: LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations, which generate the majority of its revenue.

Employees: 8

Financials Finance Services

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

110% more capital invested

Capital invested by funds: $227K [Q1] → $476K (+$250K) [Q2]

100% more repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 1

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

14% more funds holding

Funds holding: 7 [Q1] → 8 (+1) [Q2]

2.19% more ownership

Funds ownership: 2.53% [Q1] → 4.73% (+2.19%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for LMFA.

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Financial journalist opinion

LM Funding America, Inc. to Present at the H.C. Wainwright 26th Annual Global Investment Conference

TAMPA, FL, Sept. 03, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced that Bruce Rodgers, Chairman and CEO of LM Funding, will be participating in the H.C. Wainwright 26th Annual Global Investment Conference being held September 9-11, 2024 at the Lotte New York Palace Hotel in New York City.

LM Funding America, Inc. to Present at the H.C. Wainwright 26th Annual Global Investment Conference

LM Funding America Announces Pricing of Registered Direct Offering for Aggregate Gross Proceeds of $2.6 Million

TAMPA, Fla., Aug. 16, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 278,000 shares of common stock and 605,000 pre-funded warrants in a registered direct offering, along with Series A warrants to purchase up to an aggregate of 883,000 shares of common stock and Series B warrants to purchase up to an aggregate of 883,000 shares of common stock in a concurrent private placement. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying Series A and B warrants is $2.93. The Series A and B Warrants will have an exercise price of $2.93, be exercisable beginning on the effective date of stockholder approval and, in the case of Series A warrants, will expire on the five-year anniversary from the date of stockholder approval, and in the case of Series B warrants, will expire on the two-year anniversary from the date of stockholder approval.

LM Funding America Announces Pricing of Registered Direct Offering for Aggregate Gross Proceeds of $2.6 Million

LM Funding America, Inc. (LMFA) Q2 2024 Earnings Call Transcript

LM Funding America, Inc. (NASDAQ:LMFA ) Q2 2024 Earnings Conference Call August 14, 2024 11:00 AM ET Company Participants Ted Ayvas – Investor Relations Bruce Rodgers – Chief Executive Officer Richard Russell – Chief Financial Officer Conference Call Participants Michael Donovan – H.C. Wainwright Operator Greetings, and welcome to the LM Funding America Incorporated Second Quarter 2024 Business Update Call.

LM Funding America, Inc. (LMFA) Q2 2024 Earnings Call Transcript

Zacks Investment Research

LM Funding America, Inc. (LMFA) Reports Q2 Loss, Misses Revenue Estimates

LM Funding America, Inc. (LMFA) came out with a quarterly loss of $1.65 per share versus the Zacks Consensus Estimate of a loss of $0.85. This compares to loss of $0.42 per share a year ago.

LM Funding America, Inc. (LMFA) Reports Q2 Loss, Misses Revenue Estimates

LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Second Quarter of 2024

Mined 44.1 Bitcoins in Q2 2024 Valued at Approximately $2.9 Million at an Average Market Revenue Value of Approximately $66,000 per Bitcoin

LM Funding America, Inc. Reports Financial Results and Provides Business Update for the Second Quarter of 2024

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended July 31, 2024; Announces LOI to Acquire a Mining Facility with 72 MW Potential

Total Bitcoin holdings were approximately 132.5 BTC as of July 31, 2024, or approximately $8.1 million based on an estimated August 10, 2024, BTC price of $61,000 Total Bitcoin holdings were approximately 132.5 BTC as of July 31, 2024, or approximately $8.1 million based on an estimated August 10, 2024, BTC price of $61,000

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended July 31, 2024; Announces LOI to Acquire a Mining Facility with 72 MW Potential

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended June 30, 2024

Total Bitcoin holdings were approximately 160.5 BTC as of June 30, 2024, or approximately $10.2 million based on an estimated July 15, 2024, BTC price of $63,750 Total Bitcoin holdings were approximately 160.5 BTC as of June 30, 2024, or approximately $10.2 million based on an estimated July 15, 2024, BTC price of $63,750

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended June 30, 2024

Zacks Investment Research

Here Is Why Bargain Hunters Would Love Fast-paced Mover LM Funding America (LMFA)

LM Funding America (LMFA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover LM Funding America (LMFA)

LM Funding America, Inc. Announces Strategic Collaboration with Arthur Mining to Support Development of New Hosting Sites with Dedicated Capacity Expected to Drive Revenue Growth and Significant Cost Efficiencies

Tampa, FL, June 07, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the "Company"), a cryptocurrency mining and technology-based specialty finance company, today announced a strategic collaboration to support the development of a new 15 MW hosting site being developed by Arthur Mining Inc., near Oklahoma City. In connection with collaboration, LM Funding has committed to loaning $2.5 million to a new joint venture, majority-owned by Arthur Mining and co-owned by a third-party, in order to accelerate completion of the 15 MW hosting site.

LM Funding America, Inc. Announces Strategic Collaboration with Arthur Mining to Support Development of New Hosting Sites with Dedicated Capacity Expected to Drive Revenue Growth and Significant Cost Efficiencies

Zacks Investment Research

Looking for a Fast-paced Momentum Stock at a Bargain? Consider LM Funding America (LMFA)

LM Funding America (LMFA) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Looking for a Fast-paced Momentum Stock at a Bargain? Consider LM Funding America (LMFA)

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