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LM Funding America Inc (LMFA.OQ)

LMFA.OQ on NASDAQ Stock Exchange Capital Market

2.07USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

LM Funding America Inc Says Richard Russell Joined Co As CFO
Friday, 1 Dec 2017 

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 implements cost cutting initiative
Wednesday, 31 Aug 2016 

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 

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

LM Funding reports Q1 loss per share $0.13
Thursday, 12 May 2016 

LM Funding America Inc : LM funding reports first quarter 2016 results . Q1 loss per share $0.13 . Q1 revenue $1.58 million versus $1.59 million . Says acquired 128 accounts in quarter, which was up 52 pct compared with 84 for same year-ago quarter .Says Reo portfolio increased to 56 properties at quarter end from 41 at December 31, 2015.  Full Article

BRIEF-LM Funding America Inc Says Richard Russell Joined Co As CFO

* LM FUNDING AMERICA INC SAYS ON NOV 29, RICHARD RUSSELL JOINED CO AS CHIEF FINANCIAL OFFICER - SEC FILING Source text : (http://bit.ly/2jAhrXX) Further company coverage:

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