In the Q2, Kingsway Financial Services Inc's corporate clients experienced a reduction by -1.98 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -6.64 %. During the corresponding time, Kingsway Financial Services Inc recorded a revenue increase by 27.57 % year on year, sequentially revenue grew by 1.24 %. While revenue at the Kingsway Financial Services Inc's corporate clients recorded rose by 18.13 % year on year, sequentially revenue grew by 14.82 %.
Customers of Kingsway Financial Services Inc saw their costs of revenue decrease by -1.98 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -6.64 %, for the same period Kingsway Financial Services Inc recorded revenue increase by 27.57 % year on year, sequentially revenue grew by 1.24 %.
Kingsway Financial Services Inc's Comment on Sales, Marketing and Customers
The Company operates primarily through its Kingsway Search Xcelerator segment, which includes Bud's Plumbing, Roundhouse Electric & Equipment Co., Inc., AAA Flexible Pipe Cleaning Corporation (doing business as AAA Advanced Plumbing & Drain), and Efficient Plumbing, LLC (doing business as Southside Plumbing). Bud's Plumbing offers plumbing services. Roundhouse Electric & Equipment Co., Inc. provides industrial-scale electric motor maintenance, repair, testing, and sales solutions, primarily serving midstream natural gas pipeline operators and utilities in the Permian Basin. AAA Advanced Plumbing & Drain and Southside Plumbing deliver plumbing installation, service, and repair services to residential and commercial customers.
Kingsway Financial Services Inc’s Comment on Sales, Marketing and Customers
The Company operates primarily through its Kingsway Search Xcelerator segment, which includes Bud's Plumbing, Roundhouse Electric & Equipment Co., Inc., AAA Flexible Pipe Cleaning Corporation (doing business as AAA Advanced Plumbing & Drain), and Efficient Plumbing, LLC (doing business as Southside Plumbing). Bud's Plumbing offers plumbing services. Roundhouse Electric & Equipment Co., Inc. provides industrial-scale electric motor maintenance, repair, testing, and sales solutions, primarily serving midstream natural gas pipeline operators and utilities in the Permian Basin. AAA Advanced Plumbing & Drain and Southside Plumbing deliver plumbing installation, service, and repair services to residential and commercial customers.
Sources:
Kingsway Financial Services Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Kingsway Financial Services Inc’s corporate clients.
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