Kingsway Financial Services Reports Q3 Net Loss of $3.2 Million
Kingsway Financial Services (KWY) reported its third-quarter financial results, showing a consolidated net loss of $3.2 million. This represents an increase in losses compared to the $2.4 million net loss recorded during the same period last year. Despite the widening net loss, the company saw revenue growth of 4.5% year-over-year, reaching $38.9 million. However, Adjusted EBITDA experienced a slight decline, falling to $2.0 million from $2.1 million in the prior year's quarter. The company noted that current trading dynamics are being negatively impacted by the prevailing interest rate environment.
Tickers: $KFS
Topics: EBITDA net loss revenue growth