NYSE$KFS
Kingsway Financial Services · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced full year results, showing improved net income and growth in non-GAAP adjusted income, along with strategic acquisitions and focus on tax-advantaged investments.
Kingsway Financial Services Inc. reported improved net income and non-GAAP adjusted income for the year ended December 31, 2021. The company saw significant operating improvements within its extended warranty businesses and made strategic acquisitions. Kingsway also focused on monetizing legacy assets and keeping non-strategic expenses in check.
- Net income improved to $1.9 million for the twelve months ended December 31, 2021, from a net loss of ($5.4) million for the same period in 2020.
- Non-GAAP adjusted income grew to $11.7 million for the twelve months ended December 31, 2021, compared to a non-GAAP adjusted loss of ($0.6) million for the same period in 2020.
- Extended Warranty segment operating income increased to $12.6 million for the twelve months ended December 31, 2021 compared to $6.6 million for the same period in 2020.
- Extended Warranty segment non-GAAP adjusted EBITDA improved to $13.0 million for the twelve months ended December 31, 2021, from $7.5 million for the same period in 2020.
Headline financials
Revenue & EPS history
Kingsway Financial · Revenue · Quarterly
$26.8M
Revenue by segment
Kingsway Financial · $17.3M total across 1 segment · Q3 2023
- Extended Warranty$17.3M—100.0%
Forward guidance
This earnings report does not contain any forward guidance.
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 Q4 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
| Quarter | Report date | Reaction (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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