NYSE$KFS

Kingsway Financial Services · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Kingsway Financial reported results that largely exceeded initial expectations, with improved operating cash flow and strategic debt reduction.

Kingsway Financial Services Inc. reported its Q1 2022 results, showing improved operating cash flow of $3.8 million and a net loss of $2.5 million. The company continued to pay down debt related to acquisition financing and expressed satisfaction with the underlying economics and trends in its businesses.

  • Operating cash flow improved by $5.7 million to $3.8 million.
  • Net loss was ($2.5) million, compared to net income of $0.9 million in the same period last year.
  • Non-GAAP adjusted income was $1.5 million, compared to $1.8 million for the 2021 period.
  • The Company paid down an additional $1.7 million in debt related to borrowings secured by certain warranty companies.

Headline financials

Total Revenue

$26.1M

Previous: $22M+18.6%
EPS (adj)

$0.07

Previous: $0.19-63.2%
Capital Expenditures

-$112K

Previous: $228K-149.1%
Free Cash Flow

-$2.62M

Previous: $899K-391.0%
Net Income

-$2.5M

Previous: $899K-378.5%
Operating Income

$799K

Previous: $927K-13.8%
Gross Profit

$21.6M

Previous: $20.7M+4.2%
Cash & Equivalents

$13.1M

Previous: $15.5M-15.7%
Total Assets

$475M

Previous: $440M+7.9%
Stock-Based Comp

$378K

Previous: $1.7M-77.8%

Revenue & EPS history

Kingsway Financial · Revenue · Quarterly

$26.1M

Q1 2022+18.6%vs Q1 2021

Revenue by segment

Kingsway Financial · $17.3M total across 1 segment · Q3 2023

  • Extended Warranty
    $17.3M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.7%

Avg return

30 days after

56%

32 / 57 earnings

Positive

+16.3%

Q2 2022

Best reaction

-11.0%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%+6.3%-5.7%
Q3 2025+0.1%-11.8%-13.3%
Q1 2025-1.2%+3.8%+48.1%
Q3 2024-0.2%-4.2%-9.0%
Q1 2024-11.0%-12.1%-12.8%
Q4 2023+0.8%-4.9%-9.5%
Q3 2023+2.6%-4.9%+1.9%
Q2 2023-2.6%-0.7%+5.0%
Q1 2023-5.1%-3.9%+0.8%
Q4 2022+0.9%-11.2%-13.0%
Q3 2022+0.0%+1.6%+1.4%
Q2 2022+16.3%+19.6%+8.7%
Q1 2022-2.1%-3.6%-3.6%
Q4 2021+9.8%+7.8%+8.0%
Q3 2021-0.2%-1.1%-9.2%
Q2 2021+0.2%-1.4%+0.9%
Q1 2021-2.2%-2.2%-1.0%
Q4 2020+0.7%+4.5%+1.1%
Q3 2020-0.0%-0.3%+33.8%
Q2 2020-2.1%-2.1%+1.7%
Q1 2020+7.6%+10.5%+17.6%
Q4 2019+4.5%+9.0%+26.7%
Q3 2019+0.5%+3.6%-9.8%
Q2 2019+0.5%+3.6%-9.8%
Q1 2019+0.5%+0.5%-9.8%
Q4 2018-4.0%-1.3%+12.6%
Q3 2018+4.2%+5.0%-9.6%
Q2 2018+1.6%+3.3%-21.3%
Q1 2018+7.5%+12.3%-16.5%
Q4 2017-10.5%-13.5%-33.3%
Q3 2017+0.4%+0.5%-0.5%
Q2 2017-0.8%-2.5%-10.7%
Q1 2017-6.1%+0.0%+9.6%
Q4 2016-1.7%-5.0%-4.2%
Q3 2016-0.9%-1.0%-4.9%
Q2 2016+3.6%+4.0%+5.3%
Q1 2016-2.8%
Q4 2015+0.9%
Q3 2015-0.7%
Q2 2015+4.4%
Q1 2015+1.2%
Q4 2014+0.9%
Q3 2014+1.4%
Q2 2014+0.4%
Q4 2013+4.6%
Q4 2012+4.6%
Q3 2013+0.3%
Q2 2013-7.8%
Q1 2013-4.8%
Q3 2012-8.9%
Q3 2011-8.9%
Q2 2012+0.2%
Q2 2011+0.2%
Q4 2011+4.1%
Q1 2012+4.1%
Q4 2010
Q3 2010-10.2%
Q2 2010-4.5%

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