NYSE$KFS

Kingsway Financial Services · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced operating results with net loss improved and non-GAAP adjusted income grew.

Kingsway Financial Services Inc. reported an improvement in net loss to ($0.3) million and a growth in non-GAAP adjusted income to $1 million for the three months ended June 30, 2021.

  • Net loss improved to ($0.3) million for the three months ended June 30, 2021, from a net loss of ($1.4) million for the same period in 2020.
  • Non-GAAP adjusted income grew to $1 million for the three months ended June 30, 2021, compared to a non-GAAP adjusted loss of ($0.5) million for the same period in 2020.
  • Extended Warranty segment operating income increased to $2.6 million for the three months ended June 30, 2021 compared to $1.3 million for the same period in 2020.
  • Extended Warranty segment non-GAAP adjusted EBITDA improved to $2.7 million for the three months ended June 30, 2021, from $1.4 million for the same period in 2020

Headline financials

Total Revenue

$22.1M

Previous: $13.9M+59.2%
EPS (adj)

$0.04

Previous: -$0.02+300.0%
Extended Warranty Oper. Income

$2.6M

Previous: $1.3M+100.0%
Capital Expenditures

-$506K

Previous: $105K-581.9%
Free Cash Flow

-$762K

Previous: -$1.42M+46.4%
Net Income

-$256K

Previous: -$1.42M+82.0%
Operating Income

$778K

Previous: $25K+3012.0%
Gross Profit

$21.1M

Previous: $12.7M+66.1%
Cash & Equivalents

$17.1M

Previous: $13.4M+28.0%
Total Assets

$447M

Previous: $395M+13.4%
Stock-Based Comp

$708K

Previous: $120K+490.0%

Revenue & EPS history

Kingsway Financial · Revenue · Quarterly

$22.1M

Q2 2021+59.2%vs Q2 2020

Revenue by segment

Kingsway Financial · $22.1M total across 2 segments · Q2 2021

  • Extended Warranty
    $18.8M+80.8%
  • Leased Real Estate
    $3.3M+0.0%

Forward guidance

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected.

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 Q2 2021

Historical avgQ2 2021

-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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