earnings
confidence high
sentiment neutral
materiality 0.65
Kingsway Q1 revenue rises 8.4% to $28.3M, net loss widens to $3.1M; two KSX acquisitions closed
KINGSWAY FINANCIAL SERVICES INC
2025-Q1 EPS reported
-$0.13
revenue$28,349,000
- Revenue $28.3M (+8.4% YoY); net loss $3.1M vs $2.3M loss prior year.
- KSX segment revenue +23.3% to $11.7M; KSX adj. EBITDA +23.2% to $1.9M.
- Extended Warranty revenue flat at $16.7M; adj. EBITDA fell to $0.8M from $1.4M.
- Acquired Bud's Plumbing for $5.0M (adds $6M rev, $0.8M EBITDA) and SPI bought ViewPoint software firm.
- Total net debt $53.1M as of March 31, 2025, up from $52.0M at year-end.