Kingsway Reports Third Quarter 2024 Financial Results
Kingsway Reports Third Quarter 2024 Financial Results
Management to Host Conference Call Today at 5 p.m. ET
管理层将于今天下午5点到美国东部时间召开电话会议。
CHICAGO, IL / ACCESSWIRE / November 6, 2024 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company") today announced its operating results for the three and nine months ended September 30, 2024.
芝加哥,IL / ACCESSWIRE / 2024年11月6日 / 汇富金融服务公司(NYSE:KFS)("汇富"或"公司")今天宣布了截至2024年9月30日的三个月和九个月的运营业绩。
Third Quarter 2024 Consolidated Financial Highlights
2024年第三季度财务业绩亮点
-
Consolidated revenue increased 9.5% to $27.1 million for the three months ended September 30, 2024, compared to $24.8 million in the prior year period
Extended Warranty revenue increased 3.4% to $17.8 million in the third quarter of 2024, compared to $17.3 million in the third quarter of 2023
Kingsway Search Xcelerator ("KSX") revenue increased by 23.3% to $9.3 million in the third quarter of 2024, compared to $7.5 million in the third quarter of 2023
Consolidated net loss was $2.3 million for the three months ended September 30, 2024, compared to a net loss of $0.7 million in the prior year period.
Twelve month run-rate adjusted EBITDA for the operating companies of $18.5 million to $19.5 million (which includes the results of Image Solutions); run-rate is intended to capture the 12-month earnings of what the company currently owns or has recently acquired and is not intended to be forward-looking guidance
-
Adjusted consolidated EBITDA increased 27.8% to $2.9 million for the three months ended September 30, 2024, compared to $2.3 million in the prior year period
Extended Warranty adjusted EBITDA was $2.1 million in the third quarter of 2024 compared to $2.1 million in the year ago period.
KSX adjusted EBITDA was $1.3 million in the third quarter of 2024 (which excludes the results of Image Solutions) compared to $1.1 million in the year ago period. The prior year period excludes DDI and has only a partial month of SPI.
-
截至2024年9月30日的三个月,综合营收同比增长9.5%,达到2710万美元,而去年同期为2480万美元。
延长保修服务营收在2024年第三季度增长了3.4%,达到1780万美元,而去年第三季度为1730万美元。
汇寻快车("KSX")营收在2024年第三季度增长了23.3%,达到930万美元,而去年第三季度为750万美元。
截至2024年9月30日的三个月,综合净亏损为230万美元,而去年同期为70万美元。
12个月的调整后EBITDA年化率为1850万至1950万美元(其中包括Image Solutions的业绩);年化率旨在捕捉公司当前拥有或最近收购的12个月收入,并不代表前瞻性指引。
-
截至2024年9月30日三个月的调整合并EBITDA增长27.8%,达到290万美元,而上一年同期为230万美元。
2024年第三季度延长保修调整后EBITDA为210万美元,与去年同期的210万美元相比。
2024年第三季度KSX的调整后EBITDA为130万美元(不包括Image Solutions的业绩),而去年同期为110万美元。去年同期不包括DDI,仅有SPI的部分月份。
Recent Business Highlights
最新业务亮点
Purchased Image Solutions LLC ("Image Solutions"), an information technology managed services provider (IT MSP) for $19.5 million, plus transaction expenses and a working capital adjustment, in an all-cash transaction.
Appointed Rob Casper as the newest Operator-in-Residence ("OIR") in the Company's KSX platform.
Completed the sale of VA Layfette subsidiary, netting cash proceeds of $1.1 million
以现金方式收购了信息技术托管服务提供商Image Solutions LLC(“Image Solutions”),金额为1950万美元,再加上交易费用和工作资本调整。
任命Rob Casper为公司KSX平台中最新的运营商-5g。
完成了出售VA Layfette子公司的交易,净现金收入为110万美元。
John T. Fitzgerald, President and Chief Executive Officer of Kingsway, said, "Our acquisition pipeline remains healthy and active. In the third quarter, we completed the purchase of Image Solutions, an attractive information technology services business with compelling economics and an established presence in a growing market. We remain disciplined in our pursuit of acquisition targets while we continue to see great interest from exceedingly talented entrepreneurs in joining our KSX platform. With each new acquisition we are building a robust portfolio of great businesses that are delivering results and are poised for growth and additional upside.
汇富金融服务的总裁兼首席执行官约翰·T·菲茨杰拉德表示,“我们的收购管道仍然健康且活跃。在第三季度,我们完成了对图像解决方案的收购,这是一家吸引力十足的信息技术服务业务,具有引人注目的经济前景,并在不断增长的市场中树立了自己的地位。在寻找收购目标的过程中,我们保持纪律性,同时我们继续看到来自极具才华的企业家对加入我们的KSX平台表现出极大兴趣。随着每一次新收购,我们正在建立一个强大的伟大业务组合,这些业务正在取得成果,具备增长和额外收益的潜力。”
"For the third quarter, our consolidated revenues increased nearly 10% year-over-year. There are emerging signs of strength in our Extended Warranty segment businesses, and within KSX, solid execution is driving solid operational performance as industry-specific headwinds begin to abate."
“在第三季度,我们的综合收入同比增长近10%。我们延长保修业务领域出现了增长迹象,而在KSX内部,坚实的执行推动着良好运营绩效,行业特定的逆风开始减弱。”
Balance Sheet Highlights
资产负债表亮点
Year-to-date through November 1, 2024, repurchased 312,850 shares of common stock at a cost of $2.5 million under its securities repurchase program.
Purchased the remaining 10% interest in IWS for $2.5 million; the Company now owns 100% of IWS.
The Company had total net debt of $52.0 million as of September 30, 2024, compared with $35.3 million as of December 31, 2023.
Issued 330,000 shares of convertible preferred stock for proceeds of $8.25 million, which was used in the purchase of Image Solutions.
截至2024年11月1日,公司以250万美元的成本回购了312,850股普通股,作为证券回购计划的一部分。
以250万美元收购了IWS剩余10%的股权;公司现在拥有IWS的100%。
截至2024年9月30日,公司的总净债务为5200万美元,而截至2023年12月31日为3530万美元。
发行了33万股可转换优先股,融资825万美元,用于收购图像解决方案。
Conference Call and Webcast
电话会议和网络直播
Management will host a conference call at 5 p.m. Eastern Time today to discuss the results and host a live Q&A session. Additionally, investors may also submit questions via email to: James@HaydenIR.com.
管理层将于今天下午5点到美国东部时间召开电话会议,以讨论结果并主持实时问答会议。此外,投资者还可以通过电子邮件向James@HaydenIR.com提交问题。
Conference Call Information
电话会议信息
Date: Wednesday, November 6, 2024
Time: 5 p.m. Eastern Time
Toll Free: 888-506-0062; Code: 427731
International: 973-528-0011; Code: 427731
Live Webcast Link:
日期:2024年11月6日星期三
时间:美国东部时间下午5点
免费电话:888-506-0062;验证码:427731
国际电话:973-528-0011;验证码:427731
实时网络广播链接:
Conference Call Replay Information
电话会议重播信息
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 51576
Replay Webcast Link:
免费电话:877-481-4010
国际电话:919-882-2331
回放密码:51576
重播网络广播链接:
About the Company
关于公司
Kingsway (kingsway-financial.com) is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. The common shares of Kingsway are listed on the New York Stock Exchange under the trading symbol "KFS."
汇富(kingsway-financial.com)是一家控股公司,主要拥有或控制在延长保修和商业服务行业的子公司。汇富的普通股在纽交所上市,交易符号为"KFS"。
The company serves the extended warranty industry through its operating subsidiaries:
该公司通过其营运子公司提供延长保修行业的服务:
Auto Warranty
汽车保修
IWS (iwsgroup.com)
Penn Warranty (pennwarranty.com)
Preferred Warranties (preferredwarranties.com)
综合环保集团(iwsgroup.com)
Penn Warranty(pennwarranty.com)
Preferred Warranties(preferredwarranties.com)
HVAC/Facility Warranty
暖通空调/设施保修
Trinity Warranty Solutions (trinitywarranty.com)
Trinity Warranty Solutions(trinitywarranty.com)
The company serves the business services industry through its operating subsidiaries:
该公司通过其运营子公司为商业服务行业提供服务:
B2B Services
B20亿 Services
Ravix Group (ravixgroup.com), CSuite Financial (Csuitefinancialpartners.com)
Image Solutions (istechology.com)
Ravix Group(ravixgroup.com),CSuite Financial(Csuitefinancialpartners.com)
图像解决方案 (istechology.com)
Healthcare Services
医疗服务
Digital Diagnostic Imaging (ddimagingusa.com)
Secure Nursing Services (securenursing.com)
数字诊断影像 (ddimagingusa.com)
安全护理服务 (securenursing.com)
Vertical Market Software
垂直市场软件
Systems Products International (spisoftware.com)
系统产品国际 (spisoftware.com)
Non U.S. GAAP Financial Measure
非美国通用会计准则财务指标
Management believes that non-GAAP adjusted EBITDA, when presented in conjunction with comparable GAAP measures, provides useful information about the Company's operating results and enhances the overall ability to assess the Company's financial performance. Management uses non-GAAP adjusted EBITDA, together with other measures of performance under GAAP, to compare the relative performance of operations in planning, budgeting and reviewing the performance of its business. Non-GAAP adjusted EBITDA allows investors to make a more meaningful comparison between the Company's core business operating results over different periods of time. Management believes that non-GAAP adjusted EBITDA, when viewed with the Company's results under GAAP and the accompanying reconciliations, provides useful information about the Company's business without regard to potential distortions. By eliminating potential differences in results of operations between periods caused by the factors listed in the attached schedules, Management believes that non-GAAP adjusted EBITDA can provide useful additional basis for comparing the current performance of the underlying operations being evaluated. Investors should consider this non-GAAP measure in addition to, not as a substitute for or as superior to, financial reporting measures prepared in accordance with GAAP. Investors are encouraged to review the Company's financial results prepared in accordance with GAAP to understand the Company's performance taking into account all relevant factors.
管理层相信,在与可比的美国通用会计准则措施并列呈现时,非美国通用会计准则调整EBITDA提供有关公司运营结果的有用信息,并增强了评估公司财务表现的综合能力。管理层与其他美国通用会计准则下的绩效指标一起使用非美国通用会计准则调整EBITDA,在规划、预算编制和审查其业务绩效时比较运营的相对绩效。非美国通用会计准则调整EBITDA使投资者能够更加有意义地比较公司不同时间段的核心业务运营结果。管理层认为,如果与公司根据美国通用会计准则及附表中的调整进行比较,非美国通用会计准则调整EBITDA提供了有关公司业务的有用信息,而不考虑潜在的扭曲。通过消除附件中列出的因素导致的不同经营结果之间的潜在差异,管理层认为,非美国通用会计准则调整EBITDA可以为比较正在评估的基础运营的当前绩效提供有用的额外基础。投资者应考虑这一非美国通用会计准则的衡量标准,而不是以之为替代或优于根据美国通用会计准则编制的财务报告措施。鼓励投资者审阅根据美国通用会计标准编制的公司财务结果,以了解公司的绩效,考虑所有相关因素。
Forward-Looking Statements
前瞻性声明
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks" and variations and similar words and expressions are intended to identify such forward-looking statements; however, the absence of any such words does not mean that a statement is a not a forward-looking statement. Such forward-looking statements relate to future events or future performance, but reflect Kingsway management's current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the section entitled "Risk Factors" in the Company's 2023 Annual Report on Form 10-K and subsequent Form 10-Qs and Form 8-Ks filed with the Securities and Exchange Commission. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
本新闻稿可能包含《前瞻性声明》,这些声明不是历史事实,涉及风险和不确定性可能导致实际结果与预期和预测有很大差异。"预期","相信","预计","意图","估计","寻求"和类似词语和表达旨在识别此类前瞻性声明;然而,缺乏这些词并不意味着声明不是前瞻性声明。这些前瞻性声明涉及未来事件或未来业绩,但反映了汇富管理层根据目前可获得的信息所持有的当前信念。许多因素可能导致实际事件、业绩或结果与前瞻性声明中讨论的事件、业绩和结果有很大不同。有关可导致实际结果与前瞻性声明中预期的结果有很大不同的重要因素的信息,请参阅公司2023年年度报告10-k表中的名为"风险因素"的章节以及随后提交给证券交易委员会的Form 10-Q和Form 8-K。除非适用证券法明确规定,公司否认有意或有义务更新或修订任何前瞻性声明,无论是因为新信息、未来事件或其他原因。
Additional Information
附加信息
Additional information about Kingsway, including a copy of its Annual Reports can be accessed on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov, on the Canadian Securities Administrators' website at , or through the Company's website at .
有关Kingsway的其他信息,包括其年度报告副本,可在美国证券交易委员会EDGAR部分的网站www.sec.gov,加拿大证券管理机构的网站或通过公司网站www.kingsway-financial.com上获得。
For Media Inquiries: |
For Company Inquiries: |
媒体查询: |
公司咨询: |
Kingsway Financial Services Inc.
Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Consolidated EBITDA
(in thousands)
(UNAUDITED)
汇富金融服务股份有限公司。
净利润GAAP转非GAAP调整后合并EBITDA调和表
(以千为单位)
(未经审计)
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||||||
9/30/2024 |
9/30/2024 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
|||||||||||||||
GAAP Net Income (Loss) |
$ |
(8,310) | $ |
(2,311) | $ |
(2,186) | $ |
(2,328) | $ |
(1,485) | |||||||||
Non-GAAP Adjustments: |
|||||||||||||||||||
Discontinued operations |
2,058 |
135 |
(167) | 213 |
1,877 |
||||||||||||||
Changes in fair value; realized gains/losses (1) |
512 |
(176) | 60 |
411 |
217 |
||||||||||||||
Employee related expenses (2) |
2,624 |
990 |
412 |
467 |
755 |
||||||||||||||
Other items (3) |
2,688 |
956 |
590 |
61 |
1,081 |
||||||||||||||
Depreciation, amortization, tax and interest expense |
10,459 |
3,343 |
3,659 |
3,280 |
177 |
||||||||||||||
Total Non-GAAP Adjustments |
18.341 |
5,248 |
4,554 |
4,432 |
4,107 |
||||||||||||||
Non-GAAP Adjusted Consolidated EBITDA |
$ |
10,031 |
$ |
2,937 |
$ |
2,368 |
$ |
2,104 |
$ |
2,622 |
12个月结束。 |
截至三个月的时间 |
||||||||||||||||||
2024年9月30日 |
2024年9月30日 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
|||||||||||||||
GAAP净利润(损失) |
$ |
(8,310) | $ |
(2,311) | $ |
(2,186) | $ |
(2,328) | $ |
(1,485) | |||||||||
非GAAP调整: |
|||||||||||||||||||
停止运营的业务 |
2,058 |
135 |
(167) | 213 |
1,877 |
||||||||||||||
公允价值变动;已实现收益/损失(1) |
512 |
(176) | 60 |
411 |
217 |
||||||||||||||
员工相关费用 (2) |
2,624 |
990 |
412 |
467 |
755 |
||||||||||||||
其他项目 (3) |
2,688 |
956 |
590 |
61 |
1,081 |
||||||||||||||
折旧、摊销、税收和利息支出 |
10,459 |
3,343 |
3,659 |
3,280 |
177 |
||||||||||||||
非通用会计准则调整总额 |
18.341 |
5,248 |
4,554 |
4,432 |
票据应收款的支付 |
||||||||||||||
非通用调整后的综合息税折旧摊销前利润 |
$ |
10,031 |
$ |
2,937 |
$ |
2368 |
$ |
2,104 |
$ |
开空期租赁成本 |
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
|||||||||||||||
GAAP Net Income (Loss) |
$ |
8,158 |
$ |
(675) | $ |
(1,667) | $ |
27,839 |
$ |
(17,339) | |||||||||
Non-GAAP Adjustments: |
|||||||||||||||||||
Discontinued operations |
15,339 |
(122) | (110) | (107) | 15,678 |
||||||||||||||
Changes in fair value; realized gains/losses (1) |
(2,155) | 174 |
(1,225) | 145 |
(1,249) | ||||||||||||||
Employee related expenses (2) |
1,900 |
479 |
368 |
383 |
670 |
||||||||||||||
Other items (3) |
4,090 |
334 |
1,633 |
591 |
1,532 |
||||||||||||||
Gain on extinguishment of debt (4) |
(31,616) | - |
- |
(31,616) | - |
||||||||||||||
Gain on sale of PWSC (5) |
(342) | (342) | - |
- |
- |
||||||||||||||
Depreciation, amortization, tax and interest expense |
14,447 |
2,450 |
2,780 |
5,164 |
4,053 |
||||||||||||||
Total Non-GAAP Adjustments |
1,663 |
2,973 |
3,446 |
(25,440) | 20,684 |
||||||||||||||
Non-GAAP Adjusted Consolidated EBITDA |
$ |
9,821 |
$ |
2,298 |
$ |
1,779 |
$ |
2,399 |
$ |
3,345 |
12个月结束。 |
截至三个月的时间 |
||||||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
|||||||||||||||
GAAP净利润(损失) |
$ |
8,158 |
$ |
(675) | $ |
(1,667) | $ |
27,839 |
$ |
(17,339) | |||||||||
非GAAP调整: |
|||||||||||||||||||
停止运营的业务 |
15,339 |
(122) | (110) | (107) | 15,678 |
||||||||||||||
公允价值变动;已实现收益/损失(1) |
(2,155) | 174 |
(1,225) | 145 |
(1,249) | ||||||||||||||
员工相关费用 (2) |
1,900 |
479 |
368 |
383 |
670 |
||||||||||||||
其他项目 (3) |
4,090 |
334 |
1,633 |
591 |
1,532 |
||||||||||||||
偿还债务收益 (4) |
(31,616) | - |
- |
(31,616) | - |
||||||||||||||
PWSC(5)出售所得 |
(342) | (342) | - |
- |
- |
||||||||||||||
折旧、摊销、税收和利息支出 |
14,447 |
2450 |
2,780 |
5,164 |
4,053 |
||||||||||||||
非通用会计准则调整总额 |
1,663 |
2,973 |
3,446 |
(25,440) | 20,684 |
||||||||||||||
非通用调整后的综合息税折旧摊销前利润 |
$ |
9,821 |
$ |
2,298 |
$ |
1,779 |
$ |
2,399 |
$ |
3,345 |
(1) |
Includes realized and unrealized gains and losses on non-core investments; change in the fair value of subordinated debt (net of the portion of the change attributable to instrument-specific credit risk); unrealized gain on the change in fair value of the trust preferred security options; and change in the fair value of the Ravix earn-out (changes in fair value recorded as other income or expense). |
(2) |
Employee related expenses includes charges relating to severance and consulting agreements pertaining to former key employees; non-cash expense arising from the grant and modification of stock-based awards to employees; and costs associated with employees assisting during a transition period and are not expected to be replaced once transition period has ended (approximately one year from acquisition date). |
(3) |
Other items include: legal expenses associated with the Company's defense against significant litigation matters; acquisition and disposition-related expenses; expense relating to the settlement of all remaining Amigo claims; and other non-recurring items. |
(4) |
Gain on extinguishment of debt consists of a $31.6 million gain related to the repurchase of TruPs debt having a principal amount of $75.5 million and results from removing the fair value of the debt ($56.1 million), deferred interest payable ($23.0 million) and accumulated other comprehensive income ($27.2 million) liabilities; the trust preferred debt repurchase options ($17.7 million) and accrued income receivable ($0.6 million) assets. See Note 11 "Debt," to the unaudited consolidated interim financial statements, for further discussion. |
(5) |
Gain on sale of PWSC, net of transaction expenses that are included in consolidated operating expenses, as well as income taxes associated with the sale. |
(1) |
包括对非核心投资的已实现和未实现收益和损失;次级债务公允价值变动(减去归因于特定工具信用风险的变动部分);信托优先证券期权公允价值变动未实现收益;以及Ravix earn-out公允价值变动(公允价值变动记入其他收入或费用)。 |
(2) |
员工相关费用包括与解雇和咨询协议有关的费用,涉及前任主要员工的股权奖励发放和修改产生的非现金费用;以及与员工在过渡期间提供帮助相关的成本,过渡期结束后不会被替代的员工(从收购日期起约一年)。 |
(3) |
其他项目包括:公司应对重大诉讼事项的法律费用;与收购和处置相关的费用;与解决剩余所有Amigo索赔相关的费用;以及其他非经常性项目。 |
(4) |
Gain on extinguishment of debt consists of a $3160万 gain related to the repurchase of TruPs debt having a principal amount of $7550万 and results from removing the fair value of the debt ($5610万), deferred interest payable ($2300万) and accumulated other comprehensive income ($2720万) liabilities; the trust preferred debt repurchase options ($1770万) and accrued income receivable ($60万) assets. See Note 11 "Debt," to the unaudited consolidated interim financial statements, for further discussion. |
当社は各種エレクトロニクス機器において幅広く使われている電子材料の「フェライト」を事業化する目的で1935年に設立されました。主力製品は、積層セラミックコンデンサ、アルミ電解コンデンサ、フィルムコンデンサ、インダクタ、フェライトコア、高周波部品、ピエゾおよび保護部品等の各種受動部品をはじめ、温度、圧力、磁気、MEMSセンサなどのセンサおよびセンサシステムがあります。さらに、磁気ヘッドや電源、二次電池などです。これらの製品ブランドとしては、TDK、EPCOS、InvenSense、Micronas、Tronics、TDK-Lambdaがあります。 |
Gain on sale of PWSC, net of transaction expenses that are included in consolidated operating expenses, as well as income taxes associated with the sale. |
Kingsway Financial Services Inc.
Reconciliation of Extended Warranty Segment Operating Income to
Non-GAAP Adjusted EBITDA and Pro Forma Non-GAAP Adjusted EBITDA
(in thousands)
(UNAUDITED)
汇富金融服务股份有限公司。
Reconciliation of Extended Warranty Segment Operating Income to
Non-GAAP Adjusted EBITDA and Pro Forma Non-GAAP Adjusted EBITDA
(以千为单位)
(未经审计)
Twelve Months Ended |
For the Three Months Ended |
|||||||||||||||
9/30/2024 |
9/30/2024 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
||||||||||||
GAAP Operating Income for Extended Warranty segment |
$ |
6,405 |
$ |
1,704 |
$ |
1,244 |
$ |
1,076 |
$ |
2,381 |
||||||
Non-GAAP Adjustments: |
||||||||||||||||
Investment income (1) |
1,254 |
327 |
315 |
311 |
301 |
|||||||||||
Gain (loss) on sale of investments (2) |
28 |
- |
6 |
9 |
13 |
|||||||||||
Depreciation |
211 |
41 |
56 |
52 |
62 |
|||||||||||
Total Non-GAAP Adjustments |
1,493 |
368 |
377 |
372 |
376 |
|||||||||||
Non-GAAP adjusted EBITDA for Extended Warranty segment |
$ |
7,898 |
$ |
2,072 |
$ |
1,621 |
$ |
1,448 |
$ |
2,757 |
12个月结束。 |
截至三个月的时间 |
|||||||||||||||
2024年9月30日 |
2024年9月30日 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
||||||||||||
延长保修业务的美国通用会计准则运营收入 |
$ |
6,405 |
$ |
1,704 |
$ |
1,244 |
$ |
1,076 |
$ |
2,381。 |
||||||
非GAAP调整: |
||||||||||||||||
投资收益(1) |
1,254 |
327 |
315 |
311 |
301 |
|||||||||||
投资出售盈利(亏损)(2) |
28 |
- |
6 |
9 |
13 |
|||||||||||
折旧费用 |
211 |
41 |
56 |
52 |
62 |
|||||||||||
非通用会计准则调整总额 |
1,493 |
368 |
377 |
372 |
376 |
|||||||||||
延长保修业务的非通用会计调整后的EBITDA |
$ |
7,898 |
$ |
2,072 |
$ |
1,621 |
$ |
1,448 |
$ |
2,757 |
Twelve Months Ended |
For the Three Months Ended |
|||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
||||||||||||
GAAP Operating Income for Extended Warranty segment |
$ |
7,361 |
$ |
1,778 |
$ |
1,392 |
$ |
1,432 |
$ |
2,759 |
||||||
Non-GAAP Adjustments: |
||||||||||||||||
Investment income (1) |
953 |
273 |
256 |
231 |
193 |
|||||||||||
Gain (loss) on sale of investments (2) |
101 |
14 |
12 |
98 |
(23) | |||||||||||
Depreciation |
244 |
57 |
62 |
64 |
61 |
|||||||||||
Total Non-GAAP Adjustments |
1,298 |
344 |
330 |
393 |
231 |
|||||||||||
Non-GAAP adjusted EBITDA for Extended Warranty segment |
$ |
8,659 |
$ |
2,122 |
$ |
1,722 |
$ |
1,825 |
$ |
2,990 |
12个月结束。 |
截至三个月的时间 |
|||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
||||||||||||
延长保修业务的美国通用会计准则运营收入 |
$ |
7,361 |
$ |
1,778 |
$ |
1,392 |
$ |
1,432 |
$ |
2,759 |
||||||
非GAAP调整: |
||||||||||||||||
投资收益(1) |
953 |
273 |
256 |
231 |
193 |
|||||||||||
投资出售盈利(亏损)(2) |
101 |
14 |
12 |
98 |
(23) | |||||||||||
折旧费用 |
244 |
57 |
62 |
64 |
61 |
|||||||||||
非通用会计准则调整总额 |
1,298 |
344 |
330 |
393 |
231 |
|||||||||||
延长保修业务的非通用会计调整后的EBITDA |
$ |
8,659 |
$ |
2,122 |
$ |
1,722 |
$ |
1,825 |
$ |
2,990 |
(1) |
Investment income arising as part of Extended Warranty segment's minimum holding requirements. |
(2) |
Realized Gains (losses) resulting from investments either held in trust as part of Extended Warranty segment's minimum holding requirements or from the deployment of excess cash. |
(1) |
作为延长保修业务部门最低持有要求的一部分产生的投资收入。 |
(2) |
由于投资要求中的扩展保修部分最低持有要求或者利用多余现金而产生的已实现收益(亏损)。 |
Kingsway Financial Services Inc.
Reconciliation of KSX Segment Operating Income to Non-GAAP Adjusted EBITDA
(in thousands)
(UNAUDITED)
汇富金融服务股份有限公司。
KSX部门营业收入与非GAAP调整后的EBITDA的调解。
(以千为单位)
(未经审计)
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||
9/30/2024 |
9/30/2024 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
|||||||||||
GAAP Operating Income for KSX segment |
$ |
4,984 |
$ |
1,144 |
$ |
1,441 |
$ |
1,343 |
$ |
1,056 |
|||||
Non-GAAP Adjustments: |
|||||||||||||||
Employee costs (1) |
525 |
120 |
139 |
138 |
128 |
||||||||||
Investment income (2) |
117 |
27 |
68 |
10 |
12 |
||||||||||
Depreciation (3) |
290 |
22 |
180 |
64 |
24 |
||||||||||
Total Non-GAAP Adjustments |
932 |
169 |
387 |
212 |
164 |
||||||||||
Non-GAAP adjusted EBITDA for KSX segment |
$ |
5,916 |
$ |
1,313 |
$ |
1,828 |
$ |
1,555 |
$ |
1,220 |
12个月结束。 |
截至三个月的时间 |
||||||||||||||
2024年9月30日 |
2024年9月30日 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
|||||||||||
KSX板块的美国通用会计净营业收入 |
$ |
4,984 |
$ |
1,144 |
$ |
1,441 |
$ |
1,343 |
$ |
1,056 |
|||||
非GAAP调整: |
|||||||||||||||
员工成本 (1) |
525 |
120 |
139 |
138 |
128 |
||||||||||
投资收入 (2) |
117 |
27 |
68 |
10 |
12 |
||||||||||
折旧 (3) |
290 |
22 |
180 |
64 |
24 |
||||||||||
非通用会计准则调整总额 |
932 |
169 |
387 |
212 |
164 |
||||||||||
KSX板块的非GAAP调整EBITDA |
$ |
5,916 |
$ |
1,313 |
$ |
1,828 |
$ |
1,555 |
$ |
1,220 |
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
|||||||||||
GAAP Operating Income for KSX segment |
$ |
5,322 |
$ |
1,003 |
$ |
1,616 |
$ |
1,577 |
$ |
1,126 |
|||||
Non-GAAP Adjustments: |
|||||||||||||||
Employee costs (1) |
322 |
87 |
78 |
87 |
70 |
||||||||||
Investment income (2) |
43 |
15 |
17 |
11 |
- |
||||||||||
Total Non-GAAP Adjustments |
365 |
102 |
95 |
98 |
70 |
||||||||||
Non-GAAP adjusted EBITDA for KSX segment |
$ |
5,687 |
$ |
1,105 |
$ |
1,711 |
$ |
1,675 |
$ |
1,196 |
12个月结束。 |
截至三个月的时间 |
||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
|||||||||||
KSX板块的美国通用会计净营业收入 |
$ |
5,322 |
$ |
1,003 |
$ |
1,616 |
$ |
1,577 |
$ |
1,126 |
|||||
非GAAP调整: |
|||||||||||||||
员工成本 (1) |
322 |
87 |
78 |
87 |
70 |
||||||||||
投资收入 (2) |
43 |
15 |
17 |
11 |
- |
||||||||||
非通用会计准则调整总额 |
365 |
102 |
95 |
98 |
70 |
||||||||||
KSX板块的非GAAP调整EBITDA |
$ |
费用: |
$ |
1,105 |
$ |
1,711 |
$ |
1,675 |
$ |
1,196 |
(1) |
Costs associated with employees assisting during a transition period and are not expected to be replaced once transition period has ended (approximately one year from acquisition date). |
(2) |
Investment income from interest on client deposits (Ravix, CSuite), as well as imputed interest on long-term software contracts (SPI) |
(3) |
The June 30, 2024 quarter includes a one-time catch-up for depreciation associated with the finalization of the DDI purchase accounting |
(1) |
与员工协助过渡期间相关的成本,预计过渡期结束后不会被替换 (大约从收购之日起一年)。 |
(2) |
客户存款利息收入(Ravix、CSuite)以及长期软件合同(SPI)的应计利息 |
(3) |
2024年6月30日季度包含一次性跟随折旧,涉及DDI购买会计的最终确定 |
SOURCE: Kingsway Financial Services Inc.
来源:汇富金融服务
译文内容由第三方软件翻译。