Overview

* Kingsway Q2 revenue rises 16.9% to $30.9 mln, net loss widens to $3.2 mln

* Adjusted EBITDA for Q2 falls to $1.7 mln from $2.5 mln

Outlook

* Kingsway plans 3-5 KSX acquisitions annually, up from 2-3

* Company sees robust KSX acquisition pipeline

* Kingsway aims to build larger, profitable business via Search Fund strategy

Result Drivers

* KSX REVENUE GROWTH - KSX segment revenue increased 42.1% year-over-year, contributing significantly to overall revenue growth

* EXTENDED WARRANTY - Extended Warranty segment revenue grew 3.1%, marking the sixth consecutive quarter of increased cash sales

* ACQUISITIONS - Recent acquisitions expected to add significant revenue and adjusted EBITDA, supporting multi-year growth ambitions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $30.90

Revenue mln

Q2 Net -$3.16

Income mln

Q2 $1.65

Adjusted mln

EBITDA

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)