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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