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Dec 31, 2020
Kingsway Financial Q4 2020 Earnings Report
Announced its operating results, which included highlights such as increased Extended Warranty operating income and improved net cash provided by operating activities.
Key Takeaways
Kingsway Financial Services Inc. reported a GAAP net loss of ($2.5) million and a non-GAAP adjusted income of $1.0 million for the three months ended December 31, 2020. The company also closed the acquisition of PWI Holdings, Inc. on December 1, 2020, further strengthening its position in the vehicle service contract and extended warranty industry.
Extended Warranty operating income increased 35% for the twelve months ended December 31, 2020.
Non-GAAP adjusted EBITDA increased 27% for the twelve months ended December 31, 2020.
Net cash provided by operating activities improved to $1.7 million for the twelve months ended December 31, 2020.
Non-GAAP adjusted income was $1.0 million for the three months ended December 31, 2020.
Revenue by Segment
Forward Guidance
The company continues to monitor the expected trends and related demand for its services and has and will continue to adjust its operations accordingly.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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