LM Funding America Q2 EPS $(0.35) Down From $0.22 YoY, Sales $3.19M Up From $234.53K YoY
Portfolio Pulse from Benzinga Newsdesk
LM Funding America (NASDAQ:LMFA) reported Q2 losses of $(0.35) per share, a 259.09% decrease YoY. However, the company's sales increased by 1.26K% to $3.19 million compared to the same period last year.
August 14, 2023 | 12:32 pm
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NEGATIVE IMPACT
LM Funding America reported a significant YoY decrease in earnings but a substantial increase in sales for Q2.
The significant decrease in earnings YoY indicates a potential financial instability, which could negatively impact the stock price. However, the substantial increase in sales could offset this negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100