Atlas Financial Holdings, Inc. (AFHIF) [Rocket]

Overview

Atlas Financial Holdings, Inc. (AFHIF)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/02/2023	SC 13G	Form SC 13G - Statement of acquisition of beneficial ownership by individuals:
03/28/2023	NT 10-K	Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405:
02/13/2023	8-K	Quarterly results
01/31/2023	SC 13G	AMERICAN FINANCIAL GROUP INC reports a 11.9% stake in ATLAS FINANCIAL HOLDINGS, INC.
01/25/2023	4	SCHEIWE STEVEN D (Director) has filed a Form 4 on Atlas Financial Holdings, Inc.
01/25/2023	4	HOLLIDAY MARK E (Director) has filed a Form 4 on Atlas Financial Holdings, Inc.
01/25/2023	4	Giles Bruce Wayne (Subsidiary Director/Officer) has filed a Form 4 on Atlas Financial Holdings, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	4.8	9.5	120.6	191.4	222.0	177.6	156.9	101.6
Revenue growth	-49.3%	-92.1%	-37.0%	-13.8%	25.0%	13.2%	54.4%	37.3%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit	4.8	9.5	120.6	191.4	222.0	177.6	156.9	101.6
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative	10.7	23.0	133.4	245.5	266.1	177.1	134.8	89.7
EBITA	-5.9	-3.8	7.3	-47.9	-40.6	3.6	23.9	11.9
EBITA margin	-122.5%	-40.3%	6.1%	-25.0%	-18.3%	2.0%	15.2%	11.7%
Amortization of intangibles	0.3	0.4	0.4	0.4	0.4	0.4	0.3
EBIT	-6.2	-4.2	7.0	-48.3	-41.0	3.2	23.6	11.9
EBIT margin	-129.1%	-44.4%	5.8%	-25.2%	-18.5%	1.8%	15.0%	11.7%
Pre-tax income	-5.8	-13.5	-12.8	-54.1	-44.2	0.5	22.0	11.9
Income taxes	0.0	-0.5	0.2	14.5	-5.3	-2.1	7.6	-5.8
Tax rate	0.0%	3.6%			12.1%		34.5%
Net income	-5.7	-12.7	-20.4	-80.0	-38.8	2.4	14.2	17.6
Net margin	-117.2%	-133.4%	-16.9%	-41.8%	-17.5%	1.3%	9.0%	17.3%

Diluted EPS	($0.45)	($1.08)	($1.09)	($5.72)	($3.22)	$0.19	$1.11	$1.55
Shares outstanding (diluted)	13.0	12.0	12.0	12.0	12.1	12.2	12.7	11.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.