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- NasdaqCM:LMFA
LM Funding America Second Quarter 2024 Earnings: Misses Expectations
LM Funding America (NASDAQ:LMFA) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$2.97m (down 6.9% from 2Q 2023).
- Net loss: US$6.07m (loss widened by 34% from 2Q 2023).
- US$2.44 loss per share (further deteriorated from US$2.08 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
LM Funding America Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 187%.
Looking ahead, revenue is expected to decline by 24% p.a. on average during the next 2 years, while revenues in the Software industry in the US are expected to grow by 12%.
Performance of the American Software industry.
The company's shares are down 6.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 5 warning signs for LM Funding America (of which 3 are potentially serious!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:LMFA
LM Funding America
Operates as a cryptocurrency mining and specialty finance company.
Flawless balance sheet moderate.