Kingsway Financial Services Inc. (KFS)

KFS Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	125.94	131.81	78.4	60.97	59.95
Revenue Growth (YoY)	-4.45%	68.12%	28.59%	1.71%	15.11%
Cost of Revenue	60.49	47.93	33.63	18.14	19.03
Gross Profit	65.46	83.88	44.77	42.83	40.92
Selling, General & Admin	41.81	43.52	45.25	42.1	36.26
Other Operating Expenses	0	5.41	0	5.95	6.07
Operating Expenses	41.81	48.93	45.25	48.05	42.33
Operating Income	23.65	34.96	-0.47	-5.22	-1.41
Interest Expense / Income	0	0	6.16	7.72	8.99
Other Expense / Income	1.99	5.41	-2.38	-5.1	-4.15
Pretax Income	21.66	29.55	-4.26	-7.84	-6.25
Income Tax	-1.9	4.83	-3.92	-1.12	-0.36
Net Income	23.56	24.72	-0.34	-6.73	-5.89
Preferred Dividends	0.07	0.31	0.49	1.07	1.02
Net Income Common	23.49	24.42	-0.84	-7.79	-6.91
Net Income Growth	-3.81%	-	-	-	-
Shares Outstanding (Basic)	26	23	23	22	22
Shares Outstanding (Diluted)	26	25	23	22	22
Shares Change	4.52%	12.28%	1.63%	1.45%	0.61%
EPS (Basic)	0.91	1.06	-0.04	-0.35	-0.32
EPS (Diluted)	0.89	0.98	-0.04	-0.35	-0.32
EPS Growth	-9.18%	-	-	-	-
Free Cash Flow	-26.39	11.89	-6.74	1.46	-0.97
Free Cash Flow Per Share	-1.03	0.52	-0.30	0.07	-0.04
Gross Margin	51.97%	63.64%	57.11%	70.24%	68.26%
Operating Margin	18.78%	26.52%	-0.60%	-8.56%	-2.35%
Profit Margin	18.65%	18.52%	-1.07%	-12.78%	-11.52%
Free Cash Flow Margin	-20.96%	9.02%	-8.59%	2.39%	-1.62%
Effective Tax Rate	-8.77%	16.33%	-	-	-
EBITDA	27.88	36	6.97	6.61	9.66
EBITDA Margin	22.14%	27.31%	8.89%	10.84%	16.11%
Depreciation & Amortization	6.22	6.45	5.07	6.73	6.92
EBIT	21.66	29.55	1.9	-0.12	2.74
EBIT Margin	17.20%	22.42%	2.43%	-0.20%	4.57%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).