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LM Funding America Inc (LMFA.OQ)

LMFA.OQ on NASDAQ Stock Exchange Capital Market

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20 Jun 2018
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Latest Key Developments (Source: Significant Developments)

LM Funding Says Investor Has Committed To Purchase Up To $5 Mln Worth Of Co's Common Stock
Tuesday, 3 Apr 2018 06:01pm EDT 

April 3 (Reuters) - LM Funding America Inc ::LM FUNDING SAYS ON APRIL 2, ENTERED COMMON STOCK PURCHASE AGREEMENT WITH NEW YORK-BASED FAMILY OFFICE ("INVESTOR") - SEC FILING.LM FUNDING AMERICA - UNDER TERMS, INVESTOR HAS COMMITTED TO PURCHASE UP TO $5 MLN WORTH OF CO'S COMMON STOCK OVER A 2-YEAR PERIOD.  Full Article

LM Funding America Inc Files For Non-Timely 10-K With U.S. SEC
Tuesday, 3 Apr 2018 05:34pm EDT 

April 3 (Reuters) - LM Funding America Inc ::LM FUNDING AMERICA INC FILES FOR NON-TIMELY 10-K WITH U.S. SEC.  Full Article

LM Funding America Enters Into A Master Exchange Agreement With A New York-Based Family Office
Thursday, 4 Jan 2018 06:15am EST 

Jan 4 (Reuters) - Lm Funding America Inc ::LM FUNDING AMERICA INC - ON DEC 11, 2017 CO ENTERED INTO A MASTER EXCHANGE AGREEMENT WITH A NEW YORK-BASED FAMILY OFFICE .LM FUNDING AMERICA-UNDER DEAL, INVESTOR TO EXCHANGE 2 PROMISSORY NOTES PAYABLE BY CO, PREVIOUSLY BOUGHT BY INVESTOR FOR STOCK,WARRANTS TO BUY STOCK.LM FUNDING AMERICA INC - FIRST PROMISSORY NOTE BEING IN PRINCIPAL AMOUNT OF $2.8 MILLION AND SECOND PROMISSORY NOTE BEING IN PRINCIPAL AMOUNT OF $1.7 MILLION.  Full Article

LM Funding America Inc Says Richard Russell Joined Co As CFO
Friday, 1 Dec 2017 06:25am EST 

Dec 1 (Reuters) - Lm Funding America Inc ::LM FUNDING AMERICA INC SAYS ON NOV 29, RICHARD RUSSELL JOINED CO AS CHIEF FINANCIAL OFFICER - SEC FILING.  Full Article

LM Funding America says co announced the resignation of its CFO, Stephen Weclew‍​
Thursday, 24 Aug 2017 05:10pm EDT 

Aug 24 (Reuters) - Lm Funding America Inc :LM Funding America - on August 21, LM Funding America announced the resignation of its chief financial officer, Stephen Weclew‍​.LM Funding America says Weclew will continue with co as advisor to board, audit committee - SEC filing.  Full Article

LM Funding Q1 loss per share $0.12
Monday, 15 May 2017 04:10pm EDT 

May 15 (Reuters) - LM Funding America Inc :LM Funding reports first quarter 2017 results.Q1 loss per share $0.12.Q1 revenue $1.0 million versus $1.6 million.LM Funding America Inc- at March 31, 2017, cash and cash equivalents totaled $1.4 million compared to $2.3 million at December 31, 2016.Acquired 147 delinquent accounts from both new and existing clients in Q1 2017.  Full Article

LM Funding Q4 2016 net loss of $524,000 compared to Q3 net loss of $914,000
Friday, 31 Mar 2017 05:30pm EDT 

LM Funding America Inc : LM Funding reports fourth quarter and full year 2016 results . Q4 revenue $900,000 versus $1.8 million . LM Funding America Inc - finalized cost reduction initiative in quarter, which is expected to reduce annual costs by an estimated $2.6 million to $3.0 million .LM Funding America Inc - net loss in Q4 of 2016 was $524,000 compared to a net loss of $914,000 in q3 of 2016.  Full Article

LM Funding America implements cost cutting initiative
Wednesday, 31 Aug 2016 09:30am EDT 

LM Funding America Inc : LM Funding implements cost cutting initiative . Says has implemented a cost cutting initiative that is expected to reduce expenses by approximately $2 million annually . Measures include reducing non-sales related back office personnel by 30%, reducing back office wages up to 20% . Cost cutting measures include lowering company's executive base compensation by 30%. . Says LM Funding's president Sean Galaris will be leaving company at year-end . In additional to cost cuts and management changes, co recently listed several of REO properties for sale in South Florida market .LM Funding America Inc says cost cutting initiative is expected to be completed by beginning of Q4 2016, includes streamlining internal processes.  Full Article

LM Funding Q2 loss per share $0.15
Monday, 15 Aug 2016 04:15pm EDT 

Lm Funding : Q2 loss per share $0.15 . Reports second quarter and six-month 2016 results . Q2 revenue $1.43 million versus $2.02 million . Qtrly revenue totaled $1.43 million versus $2.02 million in q2 2015 .Q2 2016 results impacted by slowing of traditional real estate transactions as well as foreclosure activity in our target markets.  Full Article

BRIEF-LM Funding America Inc Files For Non-Timely 10-K With U.S. SEC

* LM FUNDING AMERICA INC FILES FOR NON-TIMELY 10-K WITH U.S. SEC Source text: [https://bit.ly/2EhpiBY] Further company coverage:

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