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LM Funding America expects to report 32% decline in Q2 revenue YOY

LM Funding America expects revenues for the period ended June 30 to be roughly 32% less than its revenues for the same period in 2016, according to a regulatory filing.

The company also said its net loss for the three months ended June 30 will be around 3% less than its net loss for same quarter of 2016.

LM Funding America said it is delaying the filing of its quarterly report for the period ended June 30 as it needs more time to determine whether it will need to make subsequent event disclosures relating to its debt facilities.