Financial Snapshot

Revenue
$105.8M
TTM
Gross Margin
76.43%
TTM
Net Earnings
-$8.639M
TTM
Current Assets
$11.24M
Q3 2024
Current Liabilities
$23.62M
Q3 2024
Current Ratio
47.57%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$19.68M
Q3 2024
Cash
Q3 2024
P/E
-28.18
Nov 29, 2024 EST
Free Cash Flow
-$16.76M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue $103.2M $93.28M $91.77M $60.97M $59.95M $52.08M $44.60M $176.6M $160.0M $158.2M $172.3M $159.6M $228.5M $164.9M $309.3M $364.2M $544.6M $1.746B $1.923B $1.874B $1.798B $1.159B $605.4M $400.8M $326.2M $237.5M $141.8M $87.10M
YoY Change 10.68% 1.65% 50.51% 1.71% 15.11% 16.77% -74.75% 10.42% 1.1% -8.16% 7.95% -30.17% 38.6% -46.69% -15.07% -33.13% -68.81% -9.21% 2.6% 4.28% 55.1% 91.43% 51.05% 22.87% 37.35% 67.49% 62.8%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue $103.2M $93.28M $91.77M $60.97M $59.95M $52.08M $44.60M $176.6M $160.0M $158.2M $172.3M $159.6M $228.5M $164.9M $309.3M $364.2M $544.6M $1.746B $1.923B $1.874B $1.798B $1.159B $605.4M $400.8M $326.2M $237.5M $141.8M $87.10M
Cost Of Revenue $23.07M $20.90M $19.54M $9.922M $3.880M $1.843M $0.00
Gross Profit $80.18M $72.39M $72.23M $51.05M $154.3M $170.4M $159.6M
Gross Profit Margin 77.66% 77.6% 78.71% 83.73% 97.55% 98.93% 100.0%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Selling, General & Admin $51.71M $51.58M $52.08M $43.10M $36.30M $29.20M $26.10M $41.60M $41.80M $41.60M $79.80M $73.90M $77.90M $101.6M $85.10M $81.40M $97.70M $164.9M $155.8M $148.2M $101.9M $78.20M $52.90M $45.10M $41.50M $26.90M $13.90M $8.500M
YoY Change 0.26% -0.96% 20.82% 18.73% 24.32% 11.88% -37.26% -0.48% 0.48% -47.87% 7.98% -5.13% -23.33% 19.39% 4.55% -16.68% -40.75% 5.84% 5.13% 45.44% 30.31% 47.83% 17.29% 8.67% 54.28% 93.53% 63.53%
% of Gross Profit 64.5% 71.25% 72.1% 84.43% 26.95% 46.82% 46.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $300.0K $3.700M $4.400M $4.400M $4.300M $2.986M $27.82M $200.0K $1.787M $3.838M $2.955M $2.271M $8.500M $13.40M $63.50M $12.10M $7.600M $7.700M $8.000M $7.200M $6.500M $7.600M $7.000M $5.600M $3.200M $1.100M $300.0K
YoY Change 0.0% -91.89% -15.91% 0.0% 2.33% 44.01% -89.27% 13811.0% -88.81% -53.44% 29.88% 30.12% -73.28% -36.57% -78.9% 424.79% 59.21% -1.3% -3.75% 11.11% 10.77% -14.47% 8.57% 25.0% 75.0% 190.91% 266.67%
% of Gross Profit 0.37% 0.41% 5.12% 8.62% 1.16% 2.25% 1.85%
Operating Expenses $102.3M $96.85M $88.53M $66.19M $61.36M $54.37M $48.93M $183.5M $161.5M $155.5M $206.8M $200.1M $255.8M $356.7M $380.1M $366.5M $551.9M $1.588B $1.743B $1.741B $1.727B $1.106B $562.6M $371.0M $311.2M $201.2M $121.3M $75.50M
YoY Change 5.61% 9.41% 33.74% 7.88% 12.85% 11.13% -73.33% 13.61% 3.83% -24.8% 3.35% -21.76% -28.3% -6.16% 3.71% -33.59% -65.24% -8.9% 0.12% 0.8% 56.15% 96.59% 51.64% 19.22% 54.67% 65.87% 60.66%
Operating Profit $954.0K -$3.573M $3.239M -$5.221M -$1.409M -$2.293M $6.779M -$7.069M -$1.775M $1.496M -$13.49M -$24.59M
YoY Change -126.7% -210.31% -162.04% 270.55% -38.55% -133.83% -195.9% 298.25% -218.65% -111.09% -45.14%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Interest Expense $6.250M $8.092M -$8.601M -$6.500M $8.991M $7.407M $6.348M $4.496M $5.278M $5.645M $7.263M $7.638M -$7.100M -$14.80M -$23.90M -$35.00M -$38.90M -$30.20M -$25.90M -$21.10M -$15.00M -$7.800M -$7.400M -$7.700M -$7.100M -$1.400M
YoY Change -22.76% -194.08% 32.32% -172.29% 21.39% 16.68% 41.19% -14.82% -6.5% -22.28% -4.91% -207.58% -52.03% -38.08% -31.71% -10.03% 28.81% 16.6% 22.75% 40.67% 92.31% 5.41% -3.9% 8.45% 407.14%
% of Operating Profit 655.14% -265.54% 93.64% 377.34%
Other Income/Expense, Net -$1.542M -$206.0K -$2.788M $332.0K -$8.524M -$8.963M -$10.50M -$7.640M -$3.790M -$4.887M -$12.33M -$8.809M
YoY Change 648.54% -92.61% -939.76% -103.89% -4.9% -14.66% 37.47% 101.58% -22.45% -60.35% 39.93%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Pretax Income $23.65M $34.96M -$5.784M -$6.537M -$3.132M -$21.95M -$12.51M -$10.45M -$11.32M -$15.89M -$43.38M -$50.26M -$26.25M -$190.6M -$100.0M -$86.70M -$46.20M $127.9M $154.3M $112.4M $55.50M $45.10M $35.50M $22.10M $7.900M $35.00M $20.50M $11.60M
YoY Change -32.34% -704.37% -11.52% 108.72% -85.73% 75.4% 19.72% -7.68% -28.73% -63.38% -13.69% 91.49% -86.23% 90.6% 15.34% 87.66% -136.12% -17.11% 37.28% 102.52% 23.06% 27.04% 60.63% 179.75% -77.43% 70.73% 76.72%
Income Tax -$1.899M $4.825M -$7.644M -$1.115M -$363.0K $315.0K -$16.69M -$9.720M $93.00K -$1.221M -$67.00K $3.017M -$169.0K -$6.100M -$30.40M $12.20M -$4.200M $15.00M $19.30M $11.70M -$5.500M -$5.600M $6.500M $3.600M -$1.300M $14.10M $4.500M $3.400M
% Of Pretax Income -8.03% 13.8% 11.73% 12.51% 10.41% -9.91% -12.42% 18.31% 16.29% -16.46% 40.29% 21.95% 29.31%
Net Earnings $24.01M $15.07M $1.860M -$7.791M -$6.905M -$30.72M -$16.94M $522.0K $1.269M -$12.82M -$36.86M -$52.08M -$20.14M -$165.3M -$290.3M -$405.9M -$18.50M $123.3M $135.0M $100.8M $60.90M $50.70M $29.00M $18.50M $9.200M $20.90M $16.00M $8.200M
YoY Change 59.39% 709.95% -123.87% 12.83% -77.52% 81.33% -3345.59% -58.87% -109.9% -65.22% -29.23% 158.63% -87.82% -43.06% -28.48% 2094.05% -115.0% -8.67% 33.93% 65.52% 20.12% 74.83% 56.76% 101.09% -55.98% 30.63% 95.12%
Net Earnings / Revenue 23.26% 16.15% 2.03% -12.78% -11.52% -58.99% -37.99% 0.3% 0.79% -8.1% -21.4% -32.64% -8.81% -100.24% -93.86% -111.45% -3.4% 7.06% 7.02% 5.38% 3.39% 4.37% 4.79% 4.62% 2.82% 8.8% 11.28% 9.41%
Basic Earnings Per Share $0.91 $1.06 -$0.04 -$0.35 -$0.32 -$1.41 -$0.79 $0.01 $0.04 -$0.75 -$2.61 -$4.05 -$2.09
Diluted Earnings Per Share $0.89 $0.98 -$0.04 -$0.35 -$0.32 -$1.41 -$0.79 $0.01 $0.04 -$0.75 -$2.61 -$4.05 -$2.09 -$12.72M -$21.50M -$29.41M -$1.331M $8.683M $9.507M $7.149M $4.614M $4.089M $3.053M $2.151M $1.034M $2.297M $2.105M $1.464M

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $9.098M $64.17M $12.64M $14.40M $13.50M $14.60M $20.80M $36.50M $51.70M $71.20M $98.60M $80.80M $85.50M $140.6M $65.60M
Short-Term Investments
Other Short-Term Assets $2.000M $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.11M $14.02M $20.55M $20.30M $17.40M $13.00M $10.80M $6.000M $4.700M $6.100M $23.10M $19.90M $29.40M $29.10M $16.10M $400.0K $1.300M $2.000M $10.40M $2.400M $800.0K $4.500M $200.0K
YoY Change -13.66% -31.77% 1.25% 16.67% 33.85% 20.37% 80.0% 27.66% -22.95% -73.59% 16.08% -32.31% 1.03% 80.75% 3925.0% -69.23% -35.0% 200.0%
Property, Plant & Equipment $2.736M $1.684M $110.8M $98.00M $102.4M $103.1M $108.0M $117.0M $5.600M $6.000M $1.700M $2.700M $13.00M $14.00M $30.30M $31.50M $133.4M $108.1M $71.60M $58.50M $51.70M $28.00M $24.30M $18.80M $18.50M $13.60M $4.500M $4.100M
YoY Change 62.47% -98.48% 13.1% -4.3% -0.68% -4.54% -7.69% 1989.29% -6.67% 252.94% -37.04% -79.23% -7.14% -53.8% -3.81% -76.39% 23.4% 50.98% 22.39% 13.15% 84.64% 15.23% 29.26% 1.62% 36.03% 202.22% 9.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.80M $58.13M $58.79M $59.70M $61.30M $50.60M $37.70M $131.0M $110.1M $89.30M $69.80M $132.0M $168.1M $197.7M $510.0M $654.4M $3.290B $2.890B $2.829B $2.515B $1.954B $1.177B $715.7M $505.7M $471.1M $409.7M $243.3M $112.1M
YoY Change -26.38% -1.12% -1.53% -2.61% 21.15% 34.22% -71.22% 18.98% 23.29% 27.94% -47.12% -21.48% -14.97% -61.24% -22.07% -80.11% 13.83% 2.16% 12.48% 28.74% 66.02% 64.41% 41.53% 7.34% 14.99% 68.39% 117.04%
Other Assets $39.89M $45.80M $28.19M $39.40M $20.80M $23.90M $136.5M $0.00 $54.60M $6.300M $8.700M $0.00 $22.80M $1.155B $15.80M $114.1M $75.20M $57.90M $48.10M $55.70M $37.80M $14.50M $14.10M $14.10M $11.90M $12.10M $1.200M
YoY Change -12.91% 62.48% -28.46% 89.42% -12.97% -82.49% -100.0% 766.67% -27.59% -100.0% -98.03% 7210.13% -86.15% 51.73% 29.88% 20.37% -13.64% 47.35% 160.69% 2.84% 0.0% 18.49% -1.65% 908.33%
Total Long-Term Assets $185.6M $271.6M $455.1M $432.2M $382.2M $365.2M $473.8M $495.0M $236.3M $295.6M $301.5M $352.9M $344.7M $491.5M $1.938B $3.343B $4.656B $4.046B $3.507B $1.896B $1.117B $736.9M $357.5M
YoY Change -31.67% -40.31% 5.29% 13.08% 4.65% -22.92% -4.28% 109.48% -20.06% -1.96% -14.57% 2.38% -29.87% -74.64% -42.02% -28.2% 15.07% 69.78%
Total Assets $197.7M $285.7M $475.6M $452.5M $399.6M $378.2M $484.6M $501.0M $241.0M $301.7M $324.6M $372.8M $374.1M $520.6M $1.954B $3.343B $4.657B $4.048B $3.795B $3.517B $2.800B $1.898B $1.118B $783.5M $741.4M $663.4M $357.7M $181.1M
YoY Change
Accounts Payable $60.90M $81.50M $144.9M $124.8M $129.7M $110.3M $99.30M $78.00M $48.10M $28.30M $18.30M $15.00M $6.000M $3.000M
YoY Change -25.28% -43.75% 16.11% -3.78% 17.59% 11.08% 27.31% 62.16% 69.96% 54.64% 22.0% 150.0% 100.0%
Accrued Expenses $23.54M $57.02M $50.10M $45.70M $30.50M $14.80M $10.90M $20.50M $20.00M $35.80M $36.80M $34.70M $26.30M $31.20M
YoY Change -58.71% 13.81% 9.63% 49.84% 106.08% 35.78% -46.83% 2.5% -44.13% -2.72% 6.05% 31.94% -15.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.673M
YoY Change
Total Short-Term Liabilities $23.54M $57.96M $50.39M $48.60M $33.30M $17.20M $13.50M $22.60M $20.00M $35.80M $39.80M $37.60M $26.30M $31.20M $60.90M $81.50M $144.9M $124.8M $136.5M $110.3M $101.3M $78.00M $48.10M $29.50M $18.30M $16.20M $6.000M $4.300M
YoY Change -59.39% 15.02% 3.69% 45.95% 93.6% 27.41% -40.27% 13.0% -44.13% -10.05% 5.85% 42.97% -15.71% -48.77% -25.28% -43.75% 16.11% -8.57% 23.75% 8.88% 29.87% 62.16% 63.05% 61.2% 12.96% 170.0% 39.53%
Long-Term Debt $44.42M $102.1M $292.7M $268.3M $258.5M $253.3M $243.5M $233.7M $39.90M $54.30M $57.70M $61.20M $56.00M $90.70M $149.9M $338.8M $546.1M $400.8M $360.6M $340.1M $268.3M $173.0M $90.80M $95.50M $106.0M $65.90M $0.00 $0.00
YoY Change -56.49% -65.12% 9.1% 3.79% 2.05% 4.02% 4.19% 485.71% -26.52% -5.89% -5.72% 9.29% -38.26% -39.49% -55.76% -37.96% 36.25% 11.15% 6.03% 26.76% 55.09% 90.53% -4.92% -9.91% 60.85%
Other Long-Term Liabilities $100.1M $99.30M $89.22M $87.90M $56.30M $49.20M $148.2M $35.80M $34.30M $56.70M $48.80M $49.00M $11.10M $11.20M $907.4M $1.932B $4.200M $6.800M $8.200M $2.500M $900.0K $700.0K
YoY Change 0.82% 11.3% 1.5% 56.13% 14.43% -66.8% 313.97% 4.37% -39.51% 16.19% -0.41% 341.44% -0.89% -98.77% -53.03% -38.24% -17.07% 228.0% 177.78% 28.57%
Total Long-Term Liabilities $144.5M $201.4M $381.9M $356.2M $314.8M $302.5M $391.7M $269.5M $74.20M $111.0M $106.5M $110.2M $67.10M $101.9M $1.057B $2.271B $546.1M $400.8M $360.6M $340.1M $268.3M $173.0M $95.00M $102.3M $114.2M $68.40M $900.0K $700.0K
YoY Change -28.24% -47.27% 7.22% 13.15% 4.07% -22.77% 45.34% 263.21% -33.15% 4.23% -3.36% 64.23% -34.15% -90.36% -53.43% 315.77% 36.25% 11.15% 6.03% 26.76% 55.09% 82.11% -7.14% -10.42% 66.96% 7500.0% 28.57%
Total Liabilities $170.0M $264.0M $474.9M $448.0M $391.9M $360.0M $440.5M $438.6M $192.7M $257.9M $289.2M $307.7M $250.6M $375.7M $1.626B $2.890B $3.717B $3.147B $2.991B $2.851B $2.256B $1.508B $780.2M $601.5M $574.0M $499.9M $208.5M $117.9M
YoY Change -35.59% -44.41% 6.0% 14.31% 8.86% -18.27% 0.43% 127.61% -25.28% -10.82% -6.01% 22.79% -33.3% -76.89% -43.75% -22.24% 18.08% 5.25% 4.89% 26.37% 49.57% 93.34% 29.71% 4.79% 14.82% 139.76% 76.84%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $243.47 Million

About KINGSWAY FINANCIAL SERVICES INC

Kingsway Financial Services, Inc. operates as a holding company. The company is headquartered in Chicago, Illinois and currently employs 397 full-time employees. The company went IPO on 2001-07-11. Its segments include Extended Warranty and Kingsway Search Xcelerator. The company serves the extended warranty industry through its subsidiaries, IWS Acquisition Corporation (IWS), Penn Warranty, Preferred Warranties and Trinity Warranty Solutions. IWS is a licensed motor vehicle service agreement company and is a provider of after-market vehicle protection services distributed by credit unions in approximately 24 states and the District of Columbia to their members, with customers in all 50 states. The company serves the business services industry through its subsidiaries, CSuite Financial Partners, LLC (CSuite), Ravix Group, Inc., Secure Nursing Service, SPI Software, Digital Diagnostics, Inc., and Image Solutions LLC. CSuite is a professional services firm that provides experienced chief financial officers and other finance professionals.

Industry: Fire, Marine & Casualty Insurance Peers: Global Indemnity Group, LLC Heritage Insurance Holdings, Inc. INVESTORS TITLE CO NI Holdings, Inc. PROGRESSIVE CORP/OH/ Root, Inc. Trean Insurance Group, Inc. UNIVERSAL INSURANCE HOLDINGS, INC.