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Jun 30, 2022
Kingsway Financial Q2 2022 Earnings Report
Kingsway Financial reported results for Q2 2022 and announced the sale of PWSC for $51.2 million and entrance into an option agreement to repurchase a portion of its debt.
Key Takeaways
Kingsway Financial Services reported a net loss of $2.4 million for the three months ended June 30, 2022, while non-GAAP adjusted income was $2.1 million. The company also announced the sale of PWSC for $51.2 million and entered into an option agreement to repurchase a portion of its debt.
Cash provided by operating activities improved by $17.7 million to $6.2 million for the six months ended June 30, 2022.
Net loss was ($2.4) million for the three months ended June 30, 2022.
Non-GAAP adjusted income was $2.1 million for the three months ended June 30, 2022.
Extended Warranty segment and Kingsway Search Xcelerator (“KSX”) segment operating income was a total of $3.8 million for the three months ended June 30, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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