In This Article:
LM Funding America (NASDAQ:LMFA) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$1.13m (down 67% from 3Q 2023).
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Net loss: US$6.40m (loss widened by 45% from 3Q 2023).
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US$2.41 loss per share (further deteriorated from US$1.97 loss in 3Q 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 30%. Earnings per share (EPS) also missed analyst estimates by 2.3%.
Looking ahead, revenue is expected to decline by 11% 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 15% from a week ago.
Risk Analysis
We should say that we've discovered 6 warning signs for LM Funding America (3 are a bit unpleasant!) that you should be aware of before investing here.
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