Anonymous E-mail Inquirer's questions to Kingsway Financial Services Inc (KFS) leadership • Q2 2024
Question
An anonymous inquirer, via James Carbonara, asked for an update on the performance of recent acquisitions SPI and DDI, and for signs of a turnaround in the CSuite and SNS (nurse staffing) businesses.
Answer
Executive John Fitzgerald addressed both points. For acquisitions, he highlighted that SPI has grown Annual Recurring Revenue (ARR) by 12% since its purchase and DDI's revenue and EBITDA have increased significantly, with performance now appearing in financials. Regarding turnarounds, Fitzgerald noted that SNS exited the quarter with more nurses on assignment year-over-year and that CSuite has its strongest-ever pipeline of new business opportunities, despite persistent market challenges.