NYSE$KFS

Kingsway Financial Services · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Operating results announced for the three months ended September 30, 2020.

Kingsway Financial Services reported a GAAP net loss of $1.1 million for the three months ended September 30, 2020, compared to a GAAP net loss of $4.0 million for the same period in 2019. Non-GAAP adjusted loss was $0.45 million, which included a $0.3 million tax benefit.

  • Net loss was $1.1 million for the three months ended September 30, 2020 compared to a net loss of $4.0 million for the same period in 2019.
  • Non-GAAP adjusted loss was $0.45 million for the three months ended September 30, 2020 compared to a Non-GAAP adjusted loss of $0.43 million for the same period in 2019.
  • Revenues from the Extended Warranty service fee and commission income decreased 7.0% to $12.0 million for the three months ended September 30, 2020 compared with $12.9 million for the three months ended September 30.
  • Leased Real Estate rental income was $3.3 million for the quarters ended September 30, 2020 and 2019.

Headline financials

Total Revenue

$15.4M

Previous: $16.4M-5.7%
EPS (adj)

-$0.07

Previous: -$0.02-250.0%
Capital Expenditures

$41K

No prior period
Free Cash Flow

-$1.12M

Previous: -$4.01M+71.9%
Net Income

-$1.12M

Previous: -$4.01M+71.9%
Operating Income

-$531K

Previous: $450K-218.0%
Gross Profit

$14.2M

Previous: $15.3M-7.2%
Cash & Equivalents

$20.5M

Previous: $13.1M+56.8%
Total Assets

$394M

Previous: $402M-2.0%
Stock-Based Comp

$120K

Previous: $145K-17.2%

Revenue & EPS history

Kingsway Financial · Revenue · Quarterly

$15.4M

Q3 2020-5.7%vs Q3 2019

Revenue by segment

Kingsway Financial · $15.3M total across 2 segments · Q3 2020

  • Extended Warranty
    $12M
  • Leased Real Estate
    $3.34M

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 Q3 2020

Historical avgQ3 2020

-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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