Kingsway Financial Services ( (KFS) ) has released its Q3 earnings. Here is a breakdown of the information Kingsway Financial Services presented to its investors.
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Kingsway Financial Services Inc. is a holding company with subsidiaries in the extended warranty and business services sectors, listed on the NYSE under the symbol KFS. In its latest earnings report, Kingsway reported a 9.5% increase in consolidated revenue for the third quarter of 2024, reaching $27.1 million. However, the company recorded a net loss of $2.3 million during this period. Notably, revenue from their KSX platform showed a significant growth of 23.3% compared to the previous year. Despite the net loss, Kingsway’s adjusted consolidated EBITDA improved by 27.8%, indicating stronger operational efficiency. The company also completed strategic actions, including acquiring Image Solutions LLC for $19.5 million and selling a subsidiary for $1.1 million. Looking ahead, Kingsway’s management remains optimistic about its acquisition pipeline and the potential growth of its diversified business portfolio.
